Public investment disbursement rate has not been achieved but capital amount is the 3rd highest in the country

Discussing at the 24th conference of the 10th Ho Chi Minh City Party Executive Committee on the afternoon of December 2, Director of the Ho Chi Minh City Department of Planning and Investment Le Thi Huynh Mai said that in 2023, Ho Chi Minh City was assigned a public investment capital plan of 68,000 billion VND, nearly 2 times higher than in 2022. To date, Ho Chi Minh City has disbursed more than 31,000 billion VND in public investment capital (reaching 45.2%), 2 times higher than the same period last year.

“ Although the target of 95% as set by the Chairman of the Ho Chi Minh City People's Committee has not been achieved, the absolute figure has reached over 31,000 billion VND. In the summary of public investment disbursement nationwide in early November, the Ministry of Planning and Investment reported that the absolute figure of Ho Chi Minh City ranked 3rd after ministries, branches and localities,” said Ms. Mai.

Director of the Department of Planning and Investment of Ho Chi Minh City Le Thi Huynh Mai. (Photo: Viet Dung)

According to Ms. Mai, with the direction of the Standing Committee of the City Party Committee, the city's strong direction, and the 60-day and night plan, up to now, all investors in the area have had detailed commitments and specific tasks and solutions to ensure the disbursement plan registered with the Department of Planning and Investment.

With this commitment, departments, districts, and investors have focused on reviewing and examining projects that are behind schedule, thereby clearly identifying objective and subjective causes to propose to the working group for handling and resolution.

The Director of the Department of Planning and Investment of Ho Chi Minh City added that every week, the Department meets with each group of investors to deploy, monitor and inspect the progress of the investors.

The total disbursed capital by October reached 36.6%, by November reached 45.2%, the city disbursed an average of 2,800 billion VND per month. This figure is much higher than the 11 months of 2022. With this progress, it is expected that by December 5 (before the year-end meeting of the Ho Chi Minh City People's Council), the city's public investment disbursement rate will reach 50.3%.

Regarding the resolution of petitions from the business community, there are 5 groups: 100% state-owned enterprises, real estate projects, investment projects, FDI enterprises and private enterprises. The state-owned enterprise group currently has 100 petitions that have not been resolved.

The real estate group under the authority of the city has resolved 17/32 difficulties, with 189 recommendations from 148 projects, 43 recommendations from 39 projects have been resolved and projects related to construction and land use rights are being resolved. The working group to resolve issues of investment projects has held 5 meetings, directing departments and branches to resolve difficulties of 41 projects.

The FDI enterprise group mainly has problems with extending project implementation time, illegal investment, and investment under cover of darkness... Ho Chi Minh City has resolved 596 petitions (96%).

The private enterprise group has 133 petitions related to policies and administrative procedure settlement, of which 36/52 petitions were resolved under the authority of the City.

In the work of socio-economic planning of the city, the city has carried out the work of selecting contractors, arranging public investment capital, organizing steering conferences, consulting groups to review the planning... The Steering Committee has coordinated to prepare documents for the appraisal council. It is expected that in December, the Project Management Board will submit to the People's Council for approval of the final plan in the first quarter of 2024.

Hoang Tho

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