Determined from the beginning of the year

Immediately after receiving the 2024 capital plan from the Prime Minister, the Department of Planning and Investment advised the Provincial People's Committee to allocate details to eligible projects for capital allocation...

Review disbursement results

Disbursement of public investment capital in Binh Thuan in 2023 has recorded certain results, but the locality still frankly acknowledged the limitations. As of January 31, 2024, the locality has disbursed 4,079,234/4,868,977 million VND and reached 84.29% of the plan, although slightly higher than the national average (82.47%) but has not yet reached the target of over 95%. The whole province recorded 10 investors disbursing over 95% of the assigned capital plan, but there are also many investors disbursing less than 50%, or even not disbursing the capital plan for 2023... In addition, the construction progress of some projects is still slow, many projects are stuck with compensation and site clearance that have not been resolved, or investors are slow to complete procedures and documents, and submit for approval of investment projects.

Construction of traffic works in the province. (Illustration photo)

Explaining the reasons for the impact on this work, the Department of Planning and Investment said that some land regulations are not suitable for reality, leading to many difficulties in compensation and site clearance. Sectoral levels or heads of sectors and localities have not really taken part or focused on thoroughly resolving difficulties and problems of projects that have been and are being implemented. Or the fear of handling procedures related to land, site clearance, investment procedures... especially projects in the fields of transportation and irrigation has affected the rate of disbursement of public investment capital.

Another reason is due to changes in policies, regulations or low quality of project preparation, poor survey and project design work, leading to many projects that have been approved for investment policies and investment decisions, so the investment policies and investment projects have to be adjusted, causing the work of preparing investment projects for construction to take longer. In addition, the coordination between investors and departments, localities in the process of preparing, appraising and approving investment projects is also not tight and passive...

Determined from the beginning of the year

This year, the total public investment capital plan of Binh Thuan assigned by the Prime Minister is 5,084,104 million VND, so the whole province will focus on accelerating the implementation progress and strive to disburse over 95% of the plan... According to the Department of Planning and Investment, immediately after being assigned the capital plan by the Prime Minister, the sector urgently advised the Provincial People's Committee to allocate in detail for projects eligible for capital allocation. Thanks to that, up to now, the total allocated capital is 3,863,757 million VND, the remaining 1,220,347 million VND will continue to be allocated in detail in a timely manner in the coming time when eligible.

From the results of public investment capital disbursement in 2023, the locality has also drawn a number of lessons to focus on implementing this work to bring higher efficiency in the coming time. That is, it is necessary to improve the quality of the work of establishing, appraising, approving investment projects, project design, bidding to ensure time, efficiency and capital allocation for projects right from the beginning of the year in conjunction with compliance with the principles of capital allocation in accordance with the provisions of the Law on Public Investment. At the same time, strengthen discipline and order in disbursing public investment capital as well as promote the role and responsibility of the head and link the responsibility of the head of the agency, unit with the disbursement results. On the other hand, it is necessary to regularly review the implementation progress of each project, strengthen coordination between departments, branches, district-level People's Committees and investors to promptly remove difficulties and obstacles in the implementation process, especially in compensation and site clearance to speed up the disbursement progress of public investment capital...

In this work, the leaders of the Provincial People's Committee also requested that all levels, sectors and localities identify the disbursement of public investment capital as an important task and need to focus on directing and demonstrating determination right from the beginning of the year to promote implementation progress... In the first two months of the year, Binh Thuan continued to focus resources to accelerate the implementation of infrastructure projects, key works and traffic works in the province. In particular, the disbursement of public investment capital by mid-February 2024, the whole province implemented more than 131 billion VND, reaching 3.6% of the plan.

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