The disbursement rate of public investment capital in Quang Binh province remains low.

Accordingly, the disbursement rate by the end of November 2023 reached 47% of the provincial capital plan, including the extended capital plan (reaching 61.7% of the plan assigned by the Prime Minister).

On December 5, the People's Committee of Quang Binh province said that in order to strive to achieve the highest disbursement rate in accordance with the Government's direction, the Provincial People's Committee previously issued an official dispatch on accelerating the disbursement progress in the last months of 2023 and controlling the payment of advance capital.

Specifically, the People's Committee of Quang Binh province requested heads of departments, branches, provincial-level units, Chairmen of People's Committees of localities, and investors to continue to seriously and drastically implement the tasks and solutions assigned in the documents urging to accelerate the disbursement of public investment capital; take advantage of the remaining time of 2023, focus on completing construction progress, completing documents, and accepting payment of volume to ensure that by December 31, 2023, 100% of the capital allowed to be extended from 2022 to 2023 is disbursed; by January 31, 2024, the highest disbursement rate of the 2023 plan has been assigned in accordance with the direction of the Prime Minister.

Along with that, investors control the volume of payment acceptance for construction contractors, avoiding cases where construction contractors advance capital but do not carry out construction or carry out construction, make payment but do not recover the advance, leading to prolonged outstanding advance debt...

According to the People's Committee of Quang Binh province, despite many difficulties, Quang Binh has achieved and exceeded 17/21 main socio-economic targets, with the growth rate of gross regional domestic product (GRDP) reaching about 7.2%; budget revenue reaching over VND5,700 billion; GRDP per capita reaching VND60 million.

Previously, as reported by Lao Dong Newspaper, the reason for the low disbursement of public investment capital in Quang Binh was explained by many objective and subjective reasons, such as: fluctuating prices of raw materials; slow assignment of plans for some capital sources (such as sources from the socio-economic recovery and development program); procedures for implementing ODA projects are more complicated than domestic projects; the progress of issuing documents guiding national target programs is not synchronous, timely, and not suitable to reality.

In addition, other reasons were also mentioned, such as the survey and design of some projects were not good or thorough, some projects took too long, leading to time-consuming adjustments, affecting project progress; some projects had long file appraisal times, especially procedures for adding lists of connections to national highways, BOT roads, price appraisal, fire prevention and fighting approval... Party committees and authorities in some localities have not been resolute in directing the disbursement of public investment capital, site clearance work...

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