Quang Nam aims to disburse 100% of public investment capital by 2025

Provincial Party Secretary Luong Nguyen Minh Triet listened to the investor's representative report on the progress of the Vo Chi Cong road connection project in Thang Binh district on the afternoon of February 7, 2025. Photo: PHAN VINH

The numbers are not as expected

According to the Ministry of Finance's report, by the end of February 2025, the total state budget investment plan for 2025 assigned by the Prime Minister to ministries, central agencies and 9 localities under Working Group No. 1 was over VND85,800 billion, accounting for about 10.4% of the country's total capital. However, the average disbursement rate only reached 6.5% of the assigned plan - a figure that is not commensurate with expectations.

Of these, 4 ministries and central agencies have not yet disbursed public investment capital, notably the National Assembly Office, the Government Office, the Ministry of Home Affairs, and the Government Inspectorate. Some localities have low disbursement rates such as Quang Nam (5.99%), Quang Ngai (2.34%), Khanh Hoa (3.55%), and Da Nang City (4.19%). The Ministry of Finance stated that the low disbursement rate is mainly due to projects that have not completed investment procedures, are waiting for adjustments to the medium-term investment plan, or are affected by the restructuring of the administrative apparatus.

Meeting scene at Quang Nam bridge. Photo: PHAN VINH

The Ministry of Finance has recommended that ministries, branches and localities urgently review each specific project, assign leaders responsible for disbursement, focus on handling specific problems such as site clearance, bidding, payment and settlement, while promoting land auctions and increasing budget revenue to supplement development investment capital.

Quang Nam determined to remove bottlenecks

As one of the localities assigned a large public investment capital plan in 2025 with a total amount of more than VND 8,311 billion, Quang Nam identified disbursement as a key task, closely linked to the recovery and socio-economic development of the whole province. However, by the end of March 2025, the province's disbursement rate only reached 8.3% of the capital plan assigned by the Provincial People's Committee, equivalent to more than VND 690 billion and the disbursement rate of the central government's capital source reached 9.7%, equivalent to VND 284 billion.

Van Ly Bridge project and access road completed construction of the bridge section, photo taken on the afternoon of February 7, 2024. Photo: PHAN VINH

Speaking at the Quang Nam starting point, Vice Chairman of the Provincial People's Committee Tran Nam Hung acknowledged the difficulties in public investment. Among the many reasons for the low disbursement rate, there is the rearrangement of administrative units leading to delays in transferring investor tasks, affecting the continuity of the project. In addition, projects to renovate and upgrade district and commune headquarters must be stopped to avoid waste in the context of streamlining the apparatus.

In addition, Quang Nam is also facing a bottleneck of lack of construction materials, especially sand and fill soil, which directly affects the progress of many key traffic projects in Nui Thanh and Que Son. Unfavorable weather in March is also the reason why many construction items are interrupted.

Many items of the Vo Chi Cong Road Connection Project are behind schedule due to land acquisition issues, photo taken on February 7, 2024. Photo: PHAN VINH

The Provincial People's Committee promptly issued Directive No. 04/CT-UBND in February 2025, requiring departments, branches and localities to seriously implement solutions to promote disbursement of public investment capital. In particular, the province especially emphasized the individualization of responsibilities, clear assignment of people - clear work - clear progress - clear results. At the same time, proactively review and transfer capital from slow-moving projects to projects with high capital demand in April 2025.

Vice Chairman of the Provincial People's Committee Tran Nam Hung spoke at the meeting. Photo: PHAN VINH

“Quang Nam has determined that disbursement of public investment capital is not only a financial indicator, but also a driving force for the entire political, economic and social security systems. The province aims to disburse 100% of public investment capital by 2025 and will strictly handle cases where investors and construction units delay without justifiable reasons.

At the same time, periodically before the 5th of each month, the province will have a document registering the disbursement rate of the following month to monitor and promptly remove difficulties and obstacles, and promote the disbursement rate of the public investment capital plan for 2025" - Vice Chairman of the Provincial People's Committee Tran Nam Hung emphasized.

[VIDEO] - Vice Chairman of the Provincial People's Committee Tran Nam Hung proposed a number of recommendations to the Government:

Allocation of public investment capital in 2025 of Quang Nam province:

• Total plan: 8,311 billion VND. Of which:

- Central budget: 2,929 billion VND.

- Local budget: 5,382 billion VND.

• Detailed allocation: VND 8,058 billion (97% achieved).

• Unallocated plan: 248 billion VND.

- Central budget capital has 157 billion VND: No longer needed, the province has proposed to return.

- Provincial budget capital of 91 billion VND: Mainly due to projects not being eligible for capital allocation.

Source: https://baoquangnam.vn/quang-nam-dat-muc-tieu-giai-ngan-dat-100-von-dau-tu-cong-nam-2025-3152035.html