Prioritize capital for completed projects
The spacious 4-lane, two-way Vo Chi Cong - 129 road stretching from Dien Ban coastal area has been narrowed for 20km in Nui Thanh area. The consortium of contractors (General Corporation 319 of the Ministry of National Defense, CIENCO 510, Anh Duong and Vinaconnex 25) is rushing to implement the project to complete this road. The total capital has been allocated enough for more than 747 billion VND for the project to be completed in 2025.
Not only Highway 129, thousands of projects and constructions "spread" across districts, towns and cities in the province, are being built by investors and contractors in every way to keep up with schedule.
The Provincial People's Committee said that Quang Nam's public investment capital plan for 2025 is nearly VND 8,312 billion (central budget is over VND 2,929 billion and provincial budget is nearly VND 5,383 billion). Management agencies have advised the Provincial People's Committee to allocate VND 7,264 billion (87%) to sectors and localities, including: central budget is nearly VND 2,669 billion (91%), provincial budget is over VND 4,595 billion (85%).
According to the Provincial People's Committee, the 2025 public investment plan must be focused and prioritized, with a harmonious, reasonable, and effective investment structure among sectors, fields, and regions. This is the capital to maximize the exploitation of other capital sources, contributing to promoting the 10% growth rate that has been set.
Capital sources will be balanced to ensure the completion of projects according to the approved medium-term public investment plan, in the following order of priority: sufficient capital to pay off outstanding debts for basic construction, for projects completed and handed over for use before 2025, projects expected to be completed in 2025, for transitional projects...
Prioritize and allocate capital to complete 3 national target programs, key projects, connectivity projects with spillover effects, regional linkages and reserve capital to prepare investment for medium-term investment projects 2026 - 2030.
Priority will be given to foreign capital projects that will end their foreign loan agreements in 2025 and will not be able to extend them. The capital level must be appropriate to the implementation and disbursement capacity in 2025. The remaining capital will only be allocated to newly started projects that have completed investment procedures (this number is not large, only about 18 projects).
A new wind in public investment has been clearly shown in 2025 when a large amount of planned capital has been allocated since the last months of 2024 and the beginning of 2025.
The latest point that can be clearly seen is that Quang Nam has really resolutely eliminated unnecessary and ineffective projects, and minimized the number of newly started projects.
Strictly control the necessity, scope, and scale of each project in accordance with the approved planning, orientation, and objectives, ensuring investment efficiency and investment results of the project. Capital allocation is in the direction of arranging capital close to the project's implementation capacity, ensuring the disbursement of all planned capital.
Maximum effort
On February 3, 2025, Chairman of the Provincial People's Committee Le Van Dung issued a directive, identifying public investment disbursement as one of the top and consistent political tasks that must be carried out from the beginning of 2025.
The Directive requires disbursement of 100% of total investment capital, according to specific milestones: More than 50% by July 31, 2025; more than 70% by September 30, 2025; more than 95% by December 31, 2025 (the 2024 capital plan is allowed to be extended to reach 100%) and by January 31, 2026, disbursement of 100% of the 2025 capital plan.
Investors are ordered to come up with focused, specific, practical, flexible, creative, timely, effective solutions, and assign tasks according to "5 clear" principles: clear people, clear work, clear responsibilities, clear progress, and clear results.
In addition to ranking the emulation for civil servants and public employees, specifying the responsibilities of leaders... investors are required to periodically report before the 3rd of each month on disbursement.
The difference is that the report is not just a dry, listed number, but the periodic report must have explanations, specific project details, reasons for low project disbursement, problems, proposed solutions and must have estimated disbursement figures for the following month.
Identifying site clearance as a “bottleneck” in project implementation requires specific and drastic direction. Data and disbursement rates of investors and localities lower than the provincial average will force management agencies to make them public.
The capital transfer will be thoroughly implemented. If by September 30, 2025, projects with a disbursement rate of less than 70% of the allocated capital plan are forced to adjust to other projects that are capable of disbursing immediately after the capital plan is supplemented.
Another important "incident" is that by December 31, 2025, projects invested by provincial specialized project management boards that have not fully disbursed capital and are allowed by competent authorities to extend the disbursement period to 2025 will be forced to pay back the central budget and provincial budget, and be responsible to the Chairman of the Provincial People's Committee. If the locality falls into this situation, it will be forced to arrange local budget to continue implementing the project for the capital that has been paid back...
Chairman of the Provincial People's Committee Le Van Dung said that 2025 is of special importance. This is the final year of implementing the socio-economic development plan and the medium-term public investment plan for 2021 - 2025, so we must make a breakthrough, creating a premise for implementing the socio-economic development plan for the period 2026 - 2030, aiming for double-digit economic growth from 2025.
Public investment is an extremely important field, a “lever” to lead private investment and economic development. Therefore, we must find every measure and make the highest determination to complete the disbursement rate.
Source: https://baoquangnam.vn/quang-nam-va-lan-gio-moi-dau-tu-cong-nam-2025-3149453.html
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