Speaking at the online conference on promoting public investment in 2024, on July 16, Minister of Planning and Investment Nguyen Chi Dung said that right from the beginning of the year, Resolution No. 01/NQ-CP has identified that the implementing the 2024 public investment plan is one of the key political tasks that need close attention, management and direction.

At regular Government Meetings, the content of public investment is regularly discussed, analyzed in order to find out specific directions and solutions to be included in the Resolution. Since early months, the Prime Minister has issued 2 Directives, 4 Official Telegrams and many guiding documents to promote disbursement of public investment capital.

Thanks to that, in terms of capital planning allocation, by July 10, 2024, ministries, central agencies and localities have assigned details for tasks and projects reaching 95.5% of the Prime Minister's delivered plan. Estimated payment from the beginning of the year to June 30, 2024 was 196.7 trillion VND, reaching 29.39% of the plan assigned by the Prime Minister, and reached 30.49% year on year.

Regarding the results achieved, 11/44 ministries, central agencies and 35/63 localities have disbursement rates above the national average. The disbursement rate of capital under the Socio-Economic Recovery and Development Program was high, reaching 78.23% of the plan; The capital disbursement rate of 3 national target programs reached 35.43%, higher than the national average (29.39%), significantly improved compared to the first 6 months of 2023 (28.23%).

However, also according to the Minister of Planning and Investment, the country's overall disbursement rate in the first 6 months of 2024 reached 29.39%, lower than the same period in 2023 (30.49%). The number of ministries, central agencies and localities disbursing funds below the national average was still high (33 ministries, central agencies and 28 localities). Besides, many ministries, central agencies and localities were unable to maintain good disbursement results as in the same period in 2023. Disbursement rate of important national projects and key transport sector projects in transportation and inter-regional transportation projects and projects using ODA capital and preferential loans from foreign donors were still low.

From the beginning of the year until now, the Prime Minister has issued 2 Directives, 4 Official Telegrams and many guiding documents to promote disbursement of public investment capital. Photo: Internet

The slow progress in disbursement of public investment capital in 2024 is due to many shortcomings in the organization and implementation work at ministries, branches and localities. On the same legal basis, the disbursement rates among ministries, central agencies, and localities are differentiated. Moreover, some ministries, branches and localities have not drastically implemented projects and the roles and responsibilities of the leaders have not been highlighted and are not clear.

To promptly remove difficulties and obstacles and promote disbursement of the 2024 Public Investment Plan, the Ministry of Planning and Investment recommends that the Government Standing Committee direct ministries, central agencies and localities to proactively and drastically implement tasks and solutions set out in Resolutions of the National Assembly, the Government, and directions of the Prime Minister. In addition, it is necessary to strive to disburse public investment capital in 2024 to reach over 95% of the plan assigned by the Prime Minister.

Speed ​​up the completion of project investment and bidding procedures. Urgently complete investment and bidding procedures, strive to start construction of all public investment projects and projects under their management, especially projects using capital to increase annual central budget revenue.

Make detailed disbursement plans for each project and strictly comply with monthly and quarterly disbursement plans. At the same time, speed up the progress of compensation and site clearance for projects and focus on removing difficulties and obstacles related to land and resources.

Continue to focus on removing difficulties related to mine licensing, exploitation of stone, sand, soil... to serve projects, ensuring speed, efficiency, and compliance with legal regulations. Implement solutions to increase state budget revenue, protect revenue, and auction land use rights to supplement local budget capital for public investment.