strictly monitor and evaluate investment projects

Eliminate shortcomings in investment monitoring and evaluation.

Recently, the People's Committee of Vinh Phuc province issued Directive No. 10/CT-UBND to further strengthen the supervision and evaluation of investment activities, ensuring that investment activities are effective and aligned with the goals and orientations of socio-economic development.

According to the People's Committee of Vinh Phuc province, in recent years, the monitoring and evaluation of investment projects in the province have been implemented by relevant agencies and units. This has helped provide timely information on the implementation status and results of programs and projects, enabling state agencies to understand the specific developments of the investment process and make timely and appropriate decisions.

Serious investment monitoring will enhance investment efficiency and also identify difficulties and obstacles so that they can be resolved promptly. (Illustration: Sy Hao)

Besides that, there are still shortcomings, such as: some agencies and units have not seriously implemented the work of monitoring and evaluating investment and submitting periodic reports as prescribed by Decree No. 29/2021/ND-CP. The quality of reports on investment monitoring is still limited;

Based on the above situation, the Chairman of the People's Committee of Vinh Phuc province, Tran Duy Dong, requested the Directors of departments, heads of agencies and organizations at the provincial level; the Chairmen of the People's Committees of districts and cities; the Directors of project management boards; and project investors... to seriously implement investment monitoring and evaluation according to regulations.

Develop plans for monitoring, inspecting, and evaluating investments, and organize the implementation of investment monitoring, inspection, and evaluation for programs and projects in accordance with the unit's authority and responsibilities.

Implement the prescribed investment monitoring and evaluation reporting regime for each project and program, promptly identifying difficulties, obstacles, shortcomings, and violations, and proactively reporting and proposing solutions to competent authorities for consideration and guidance.

Evaluating the effectiveness of areas within each management discipline.

The Department of Planning and Investment of Vinh Phuc province is assigned the task of presiding over the monitoring and evaluation of investment programs and projects managed at the provincial level, within the authority of the specialized investment management agency;

Specialized state management agencies, including the Department of Construction; the Department of Transport; the Department of Agriculture and Rural Development; the Department of Industry and Trade; and the Management Board of Industrial Parks of Vinh Phuc province, shall, based on the provisions of Decree No. 29/2021/ND-CP and other specialized legal regulations, organize and implement investment monitoring and evaluation according to their respective areas of management.

The Kim Xa drainage pumping station, part of the Vinh Phuc Province Water Resources and Flood Management Project, was damaged during the trial run. (Illustrative photo: Sy Hao)

A summary of difficulties and obstacles related to the procedures for project preparation, appraisal, approval, design, cost estimation, and implementation, along with proposed solutions, should be submitted to the Department of Planning and Investment before February 10th of each year for compilation and reporting to the Provincial People's Committee and the Ministry of Planning and Investment .

Source: https://kinhtedothi.vn/vinh-phuc-thuc-hien-nghiem-viec-giam-sat-danh-gia-cac-du-an-dau-tu.html