On the morning of July 16, at the Government Headquarters, Prime Minister Pham Minh Chinh chaired the online national conference of the Government Standing Committee on promoting public investment in 2024.
Also attending were Deputy Prime Ministers Le Minh Khai, Tran Luu Quang, Tran Hong Ha and Le Thanh Long; representatives of ministries, departments, branches, central agencies, corporations, state-owned enterprises and units. The conference was broadcast live to the headquarters of the People's Committees of 63 provinces and centrally run cities.
In his opening remarks, Prime Minister Pham Minh Chinh emphasized that according to the Central Committee's Conclusion, the National Assembly's Resolution, the Government's Resolution, and the Prime Minister's direction, we must prioritize growth, which is one of the important tasks; there are three traditional growth drivers, including the growth driver of investment, and in investment there is public investment. The Central Committee's Conclusion clearly stated that public investment should lead private investment, activating all resources in society for investment and development.
Besides, we must also complete the goal set by the 13th National Party Congress, which is to complete 3,000km of highways by 2025; invest in creating new development space, creating new urban areas, new service areas, and activating other activities.
The Prime Minister emphasized that, in fact, the Government has established 5 Working Groups to promote disbursement of public investment capital; in addition, the Government established 26 working groups to go to localities to promote socio-economic development in general, including investment; related investment, including medium-term investment, investment in projects related to anti-landslide, subsidence, anti-climate change...; investment using central and local capital sources.
However, we clearly see that the disbursement of public investment capital has been slow and has lasted for many years. Although in 2023, the disbursement rate of public investment capital has improved, compared to the requirements and the allocated capital, it is still low, especially in the first 6 months of 2024, the disbursement rate of public investment capital only reached 29.39%, slightly lower than the same period in 2023 (30.49%). Of which, 60/107 ministries, agencies and localities have disbursement rates below the national average; of which 32/44 ministries, central agencies and 28/63 localities; the disbursement rate of ODA capital is also slow and cannot be overcome.
The question is why do we always care about this, everyone sees this as important, disbursement of public investment capital is a growth driver, while prioritizing growth, we must focus on this driver, but this driver is still sluggish? Therefore, the Government Standing Committee sees the need for a national conference to promote public investment, contributing to growth according to the Central Committee's Conclusion, the National Assembly's Resolution, and the Government's Resolution.
Prime Minister Pham Minh Chinh raised the issue that agencies and units that do not disburse well should be recalled and allocated to key projects with good disbursement conditions to help solve difficulties for industries such as cement, iron, steel, etc., ensuring the disbursement plan for public investment capital is over 95% as planned. |
At this conference, we need to explain the objective and subjective causes that have led to this stagnation that has not been overcome despite drastic direction for many years. We need to point out the difficulties and bottlenecks, which are due to regulations, which are due to implementation, where are the problems, due to leadership, direction, mechanisms, and policies? We need to discuss and point out the good things to continue promoting and expanding, the things that have not been done need to be overcome; what lessons can we learn in leading, directing, and organizing the disbursement of public investment capital? Why is there still more than 29 trillion VND that has not been allocated? We need to dissect, discuss, and on that basis, propose breakthrough solutions from now until the end of the year.
We have mentioned that the rate of public investment disbursement is also a criterion for evaluating officials, especially leaders, but it has not been done yet. The Prime Minister requested that this meeting must dissect and find solutions because this is a priority task of the Central Government, the National Assembly, the Government, and ministries and branches that have been thoroughly understood. However, organizing implementation is still difficult.
The Prime Minister said that this situation cannot be resolved immediately in one conference or meeting, but the important thing is to find a way to promote better public investment in the current context.
According to the Prime Minister, the world situation has faced many difficulties recently, especially the disruption of supply chains and production chains, leading to difficulties in the production of goods. We have made efforts and actively overcome this disruption, expanded supply chains, urged, inspected, adjusted, and responded to policies promptly, etc. Thanks to that, the socio-economic situation has improved in the first 6 months of the year, but if we are negligent and subjective, the situation will face difficulties again.
The Prime Minister pointed out that many agencies, localities and projects have done well in disbursing public investment capital such as highways, 500kV line 3, or some provinces, cities and agencies are also in the same conditions but have done well in disbursing. So what is the reason for the places that have not done well? The Prime Minister asked the delegates to dissect frankly, look straight at the truth, point out the procedural and legal problems to find solutions.
* According to the Ministry of Planning and Investment, regarding the allocation and disbursement of capital for the 2024 state budget investment plan: the total state budget investment plan for 2024 resolved by the National Assembly to allocate to ministries, central agencies and localities 12 is 669,264.639 billion VND, including: central budget capital is 236,915.739 billion VND (of which: domestic capital is 216,915.739 billion VND, foreign capital is 20,000 billion VND), local budget capital is 432,348.9 billion VND. Pursuant to the provisions of the Law on Public Investment and the Resolution of the National Assembly, the Prime Minister has assigned VND 669,264,639 billion of the state budget capital investment plan for 2024 to ministries and central agencies, reaching 100% of the 2024 capital plan allocated by the National Assembly.
Situation of allocation and assignment of detailed plans for tasks and projects at ministries, central and local agencies: by July 10, 2024, ministries, central and local agencies had allocated and assigned detailed state budget investment plans for 2024 for the list of tasks and projects of VND 639,350.636 billion, reaching 95.5% of the plan assigned by the Prime Minister, including: central budget capital of VND 228,672.634 billion, reaching 96.5% of the plan assigned by the Prime Minister, local budget capital of VND 410,678.002 billion, reaching 95% of the plan assigned by the Prime Minister.
The remaining capital that has not been allocated in detail is 29,914,003 billion VND (accounting for 4.4% of the plan assigned by the Prime Minister), including: central budget capital of 8,243,105 billion VND, (domestic capital of 6,197,150 billion VND and foreign capital of 2,045,954 billion VND of 20/44 ministries, central agencies and 21/63 localities, local budget balance capital of 21,670,898 billion VND of 23/63 localities.
Implementing the Government's direction in Resolution No. 65/NQ-CP dated May 7, 2024, the Ministry of Planning and Investment has issued Document No. 5324/BKHĐT-TH dated July 8, 2024 reporting to the Government on adjusting the reduction of capital of ministries, central and local agencies that have not been allocated in detail by May 15, 2024 to supplement other ministries, central and local agencies in need. However, from May 15, 2024 to present, 3 ministries and 2 localities have continued to allocate 184,241 billion VND.
Regarding implementation and disbursement: According to the report of the Ministry of Finance, the estimated payment from the beginning of the year to June 30, 2024 is 196,669.384 billion VND, reaching 29.39% of the plan assigned by the Prime Minister, the same period in 2023 reached 30.49%, of which: domestic capital is 194,270.6 billion VND (reaching 30% of the plan assigned by the Prime Minister), foreign capital is 2,399.1 billion VND (reaching 12% of the plan assigned by the Prime Minister). Disbursement of capital for the Socio-Economic Recovery and Development Program is 4,781.7 billion VND, reaching 78.23% of the plan; the National Target Program is 9,644.6 billion VND, reaching 35.43% of the plan.
Assessment of disbursement rates of ministries, central and local agencies: in terms of positive aspects, in the first 6 months of 2024, many ministries, central and local agencies have proactively and drastically implemented tasks and solutions to guide handling and remove obstacles and difficulties in a timely and effective manner, to accelerate the disbursement of public investment capital. As a result, 11/44 ministries, central agencies and 35/63 localities have disbursement rates above the national average.
Some ministries and central agencies with the highest disbursement rates are Vietnam Television (100%); National Committee of the Vietnam Union of Literature and Arts Associations (90.07%); Ministry of Construction (47.91%); Central Committee of the Vietnam Women's Union (47.37%); Ministry of Agriculture and Rural Development (46.88%); Ministry of Transport (41.16%); Localities: Nam Dinh (58.75%); Thanh Hoa (56.83%); Lao Cai (54.23%); Phu Tho (51.02%); Ba Ria-Vung Tau (49.66%); Tien Giang (47.42%); Hoa Binh (47.30%).
In terms of absolute disbursement value, some ministries, central and local agencies with the highest disbursement value in the country are: Ministry of Transport (VND 24,399,801 billion), Ministry of National Defense (VND 5,588,103 billion), Ministry of Agriculture and Rural Development (VND 4,657,707 billion), Hanoi City (VND 22,561,864 billion), Ho Chi Minh City (VND 11,005,582 billion), Thanh Hoa (VND 6,355,944 billion), Ba Ria-Vung Tau (VND 5,870,074 billion), Hai Phong City (VND 5,498,198 billion).
The disbursement rate of capital under the Socio-Economic Recovery and Development Program was extended and disbursed at 78.23% of the plan; in particular, the disbursement rate of capital managed by ministries and central agencies in the first 6 months reached 99.58% (the Ministry of Transport alone achieved a disbursement rate of 100%). The disbursement rate of public investment capital under the 3 National Target Programs reached 35.43%, higher than the national average (29.39%), significantly improving compared to the disbursement rate in the first 6 months of 2023 (28.23%).
On the negative side: the overall disbursement rate of the whole country in the first 6 months of 2024 reached 29.39%, lower than the same period in 2023 (30.49%): in which, besides the disbursement rate of central budget capital having improved (reaching 30.51% compared to the same period of 28.34%), the disbursement rate of local budget capital (reaching 28.77%) was lower than the same period (32.76%).
The number of ministries, central agencies and localities with disbursement rates below the national average is still high: 33 ministries, central agencies and 28 localities have disbursement rates below the national average, which is still high; many ministries, central agencies and localities have not maintained good disbursement results as in the same period in 2023; the disbursement rate of important national projects, key projects in the transport sector, and inter-regional transport projects managed by localities is still low; the disbursement rate of capital for projects using ODA capital and preferential loans from foreign donors is still low.
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