Ho Chi Minh City has capital but has not yet allocated it to 214 projects due to slow investment procedures.

Ho Chi Minh City currently has 214 projects that have not completed investment procedures to arrange an additional VND17,909 billion to start construction in 2025.

Ho Chi Minh City has capital but has not yet allocated it to 214 projects due to slow investment procedures.

Ho Chi Minh City currently has 214 projects that have not completed investment procedures to arrange an additional VND17,909 billion to start construction in 2025.

The Ho Chi Minh City Department of Finance has just sent a document to the Ho Chi Minh City People's Committee urging the completion of investment procedures for new projects expected to start construction in 2025.

The Department of Finance said that the City People's Committee has issued many instructions on completing investment procedures for projects in January 2025 to start construction soon, but so far, districts, Thu Duc City and specialized departments have been slow in implementing and have not complied with the progress according to the direction of the City People's Committee.

Statistics show that in 2025, the City has 256 projects that have been allocated capital for investment preparation with a total allocated capital of 1,385 billion VND.

To date, only 42 projects have completed investment decision procedures and are eligible for additional capital to be implemented in 2025. The total capital allocated at the beginning of the year for the 42 projects is VND 410,330 billion and is eligible for additional VND 932,232 billion.

Thu Thiem 4 Bridge project is slow to complete investment procedures so Ho Chi Minh City has not allocated capital.

However, there are still 214 projects that have not completed investment procedures to be eligible for additional capital allocation. Among them, there are many key projects such as: two sections of Ring Road 2; Project to expand the road connecting to Ho Chi Minh City - Long Thanh - Dau Giay Expressway; Thu Thiem 4 Bridge...

The list includes many units with a large number of projects that have not completed investment procedures, such as: Management Board of Investment Projects for Construction of Civil and Industrial Works (32 projects); Management Board of Investment Projects for Construction of Traffic Works (10 projects); Department of Transport and Public Works (12 projects); District 12 (19 projects); Binh Thanh District (18 projects); Tan Binh District (49 projects) ...

The Department of Finance said that the total capital allocated at the beginning of the year for 214 projects was VND975,486 billion and an additional VND17,909 billion is expected.

Thus, currently, the Department of Finance only has the basis to provide additional capital for 42 projects that have completed procedures, while the remaining 214 projects are not eligible for additional capital allocation.

With the above delay, the Department of Finance recommends that the City People's Committee assign competent agencies and investors to urgently speed up the procedure progress to promptly arrange capital and start the project in 2025.

In 2025, the public investment capital allocated by the Government to Ho Chi Minh City is VND 84,149 billion, an increase of 6.2% compared to 2024. In addition, the City must also disburse about 20% of the undisbursed capital transferred from 2024. At that time, the total capital to be disbursed in 2025 of the City is more than VND 100,000 billion.

Therefore, the City's target is to disburse at a rate of 15% or more in the first quarter of 2025; 35% or more in the second quarter; 70% or more in the third quarter; and 95% or more in the fourth quarter.

The slow progress in investment procedures leads to slow disbursement and affects the City's public investment disbursement situation.

Source: https://baodautu.vn/tphcm-co-von-nhung-chua-bo-tri-cho-214-du-an-vi-cham-lam-thu-tuc-dau-tu-d255936.html