Vinh Phuc - a bright spot in public investment disbursement

In 2025, the total planned capital for the province is nearly 7,700 billion VND. Of which, the central budget capital is nearly 6,900 billion VND, the remaining capital is increased revenue, provincial budget savings from previous years transferred to 2025 and the planned capital for 2024 extended to 2025.

To implement the task of disbursing ODA, right from the beginning of the year, the Provincial Party Committee, People's Council and People's Committee have focused on leading and closely and promptly directing many tasks and solutions to speed up the progress of capital allocation, implementation and disbursement.

In particular, direct early delivery of the 2025 VĐTTC plan to units by the end of 2024; allocate detailed plans for the entire 2025 state budget investment plan to programs and projects in February 2025, creating conditions for investors to implement.

Issue directive documents on accelerating the disbursement of ODA capital, requiring localities, units, and investors to commit to the disbursement progress every quarter. Establish a special working group to promote the disbursement of ODA capital in 2025, assigning leaders of the Provincial People's Committee to direct the implementation progress and disbursement of ODA capital for large and key projects.

Contractor speeds up construction progress of drainage system renovation and upgrade project in Lien Bao ward, Vinh Yen city.

Resolutely direct departments, branches, sectors, People's Committees of districts and cities, project management boards and investors to strengthen inspection, supervision and urging contractors to speed up progress; assign specific leaders responsible for monitoring the implementation progress, closely following and promptly removing difficulties and obstacles according to their authority and being responsible for the disbursement results of each project...

Thanks to that, the task of disbursing public investment capital in the province has recorded many positive results. In the first quarter, the whole province disbursed nearly 1,400 billion VND of public investment plan capital, equal to 20.2% of the capital plan assigned by the Central Government and equal to 18.1% of the total assigned planned capital, higher than the same period in 2024 (reaching 16.2%) and higher than the average disbursement rate of the whole country (reaching 7.32%), ranking 7th out of 63 localities and ranking first among the provinces in the Red River Delta.

With the goal of striving for "2025 must be a breakthrough year in disbursement of public investment capital, striving for the disbursement rate to reach over 95% of the assigned capital plan or more, creating favorable conditions for completing the socio-economic development goals in 2025 and the medium-term plan for the period 2021-2025", in the coming time, Vinh Phuc will continue to thoroughly grasp and strictly implement the instructions on accelerating the implementation progress of the public investment plan of the Government, Prime Minister, ministries, branches and central agencies.

Strengthen discipline and order in disbursing capital; focus on completing site clearance work according to the set plan; speed up construction progress of projects, acceptance of completed volume, payment, and disbursement of all allocated capital; recover advanced capital, and finalize completed projects.

Develop and comply with monthly and quarterly disbursement plans for each task and project; assign leaders to be responsible for monitoring the implementation progress and disbursement of each task and project according to the set plan, urge and promptly remove difficulties for each project.

The disbursement results of each assigned task and project are the basis for evaluation and emulation review of all levels, sectors and the level of task completion in 2025 of the head.

Do a good job of inspection and supervision in the field of public investment; continue to promote and improve the effectiveness of the Special Working Group on disbursement of public investment capital.

Resolutely and proactively handle and resolve obstacles and difficulties promptly and effectively according to assigned functions, tasks and authorities, attaching responsibility to heads of agencies and units in resolving difficulties and problems related to public investment projects.

Along with that, regularly review and update the progress of project implementation, propose adjustments to the 2025 capital plan that cannot be disbursed to transfer to other tasks in need.

Review and adjust the capital structure and implementation progress in investment policy decisions and investment decisions for projects in accordance with the actual capital allocation progress.

Strictly implement the regime of periodic or ad hoc reporting on the implementation of public investment plans, monitoring and evaluation reports on public investment projects; focus on improving the quality of reporting content and information, fully assessing implementation results, shortcomings, limitations and causes, recommending competent authorities to resolve difficulties and problems...

Article and photos: Nguyen Khanh

Source: http://baovinhphuc.com.vn/Multimedia/Images/Id/125917/Vinh-Phuc---bright-spotlight-in-the-low-investment-fund-investment-project