Deputy Minister Tran Quoc Phuong answered questions raised by journalists regarding the public investment disbursement plan.

(MPI) - On the afternoon of November 9, 2024, Deputy Minister of Planning and Investment Tran Quoc Phuong chaired the regular Government Press Conference in October 2024 and answered questions raised by journalists regarding more breakthrough solutions to be able to complete the target of the public investment disbursement plan.

Deputy Minister Tran Quoc Phuong speaks. Photo: Chinhphu.vn

Deputy Minister Tran Quoc Phuong said that at the regular Government meeting in October 2024 held this morning, the Ministry of Planning and Investment reported on the socio- economic situation in October and the first 10 months of 2024; allocation and disbursement of public investment capital, implementation of national target programs. Of which, the disbursement of the first 10 months has reached over 52%, about 4 percentage points lower than the figure of the same period last year (56.7%).

According to Deputy Minister Tran Quoc Phuong, the difficulties and challenges in disbursing public investment capital in 2024 basically continue from 2023. The biggest difficulty arising in 2024 is the issue of common materials for the construction of large projects, especially traffic projects. This issue is not related to the Law on Public Investment but to be resolved, it is related to many other laws, especially the law on minerals, licensing of material mines as well as the permission to sell common materials for construction projects.

To achieve the target of 95% from now until the end of the 2024 plan, the Ministry of Planning and Investment has advised many solutions for the Prime Minister and the Government to issue decisions and resolutions to direct the promotion of public investment disbursement, focusing on a number of key solutions from now until the end of the year such as continuing to implement the proposed solutions and those issued by the Government and the Prime Minister, emphasizing the solution on urging and directing.

The Prime Minister has directed the establishment of 7 Government Working Groups headed by Deputy Prime Ministers and 2 Ministers of Finance and Planning and Investment to urge disbursement. In addition, the mechanism is that Government members work with localities, assigning localities to urge disbursement of public investment capital. These two mechanisms are still ongoing and the members are also very active in working with localities.

The next group of solutions is implementation organization. According to the Deputy Minister, this is a rather difficult group of solutions whose main responsibility lies with ministries, branches and localities. In the process of implementing public investment capital disbursement, disbursement procedures such as counting or acceptance procedures, or procedures for settlement documents, investors must do early and quickly to be able to disburse the capital in the plan that is still very much pending in order to achieve the set goals.

Regarding the removal of difficulties, in addition to the difficulties in common materials, there are other difficulties for some projects such as procedures, especially procedures for project adjustment. Up to now, any project that is in the process of adjustment procedures must be completed immediately to continue implementation or the progress will be delayed.

Regarding the procedure for adjusting the plan, the Deputy Minister said that the law has decentralized a lot, ministries, branches and localities must immediately review their capital plans to make appropriate adjustments. Any project with slow disbursement can be adjusted to projects with good disbursement to fully utilize the total capital in the plan assigned by the Prime Minister.

The group of solutions emphasized by the Deputy Minister is to strengthen discipline and order in public investment, especially promoting the application of information technology to manage public investment work in the fastest and most effective way.

Regarding institutional breakthroughs, the Public Investment Law is being amended and is being submitted to the National Assembly at this 8th session, along with other laws such as the law amending 4 laws related to investment. These institutional breakthroughs have not yet taken effect this year and need to be put into effect as laws.

Hopefully, by 2025, the Law will be more effective, which will resolve a number of problems and backlogs in the past. The Ministry of Planning and Investment has also reported to the Government to submit to competent authorities for permission for projects with legal problems, especially transitional BT projects, to synthesize, research, review to classify project types and submit to the National Assembly with a resolution to resolve issues related to public investment, the Deputy Minister emphasized./.

said, at the regular Government meeting in October 2024 held this morning, the Ministry of Planning and Investment reported on the socio-economic situation in October and the first 10 months of 2024; allocation and disbursement of public investment capital, implementation of national target programs. In particular, the disbursement of the first 10 months has reached over 52%, about 4 percentage points lower than the figure of the same period last year (56.7%).

According to Deputy Minister Tran Quoc Phuong, the difficulties and challenges in disbursing public investment capital in 2024 basically continue from 2023. The biggest difficulty arising in 2024 is the issue of common materials for the construction of large projects, especially traffic projects. This issue is not related to the Law on Public Investment but to be resolved, it is related to many other laws, especially the law on minerals, licensing of material mines as well as the permission to sell common materials for construction projects.

To achieve the target of 95% from now until the end of the 2024 plan, the Ministry of Planning and Investment has advised many solutions for the Prime Minister and the Government to issue decisions and resolutions to direct the promotion of public investment disbursement, focusing on a number of key solutions from now until the end of the year such as continuing to implement the solutions that have been proposed and issued by the Government and the Prime Minister, emphasizing the solution on urging and directing.

The Prime Minister has directed the establishment of 7 Government Working Groups headed by Deputy Prime Ministers and 2 Ministers of Finance and Planning and Investment to urge disbursement. In addition, the mechanism is that Government members work with localities, assigning localities to urge disbursement of public investment capital. These two mechanisms are still ongoing and the members are also very active in working with localities.

The next group of solutions is implementation organization. According to the Deputy Minister, this is a rather difficult group of solutions whose main responsibility lies with ministries, branches and localities. In the process of implementing public investment capital disbursement, disbursement procedures such as counting or acceptance procedures, or procedures for settlement documents, investors must do early and quickly to be able to disburse the capital in the plan that is still very much pending in order to achieve the set goals.

Regarding the removal of difficulties, in addition to the difficulties in common materials, there are other difficulties for some projects such as procedures, especially procedures for project adjustment. Up to now, any project that is in the process of adjustment procedures must be completed immediately to continue implementation or the progress will be delayed.

Regarding the procedure for adjusting the plan, the Deputy Minister said that the law has decentralized a lot, ministries, branches and localities must immediately review their capital plans to make appropriate adjustments. Any project with slow disbursement can be adjusted to projects with good disbursement to fully utilize the total capital in the plan assigned by the Prime Minister.

The group of solutions emphasized by the Deputy Minister is to strengthen discipline and order in public investment, especially promoting the application of information technology to manage public investment work in the fastest and most effective way.

Regarding institutional breakthroughs, the Public Investment Law is being amended and is being submitted to the National Assembly at this 8th session, along with other laws such as the law amending 4 laws related to investment. These institutional breakthroughs have not yet taken effect this year and need to be put into effect as laws.

Hopefully, by 2025, the Law will be more effective, which will resolve a number of problems and backlogs in the past. The Ministry of Planning and Investment has also reported to the Government to submit to competent authorities for permission for projects with legal problems, especially transitional BT projects, to synthesize, research, review to classify project types and submit to the National Assembly with a resolution to resolve issues related to public investment, the Deputy Minister emphasized./.

Ministry of Planning and Investment

Source: https://www.mpi.gov.vn/portal/Pages/2024-11-11/Minister-Tran-Quoc-Phuong-tra-loi-van-de-duoc-nhgtiikg.aspx