Accelerating Public Investment Disbursement and Improving the Quality of Public Investment Planning According to Directive 19/CT-TTg in 2022
Situation of disbursement of public investment capital and implementation of 03 national target programs in the first 9 months of 2022
In Directive 19/CT-TTg of 2022, the Prime Minister of the Government of Vietnam clearly states as follows:
In recent times, with the engagement of the entire political system under the leadership of the Communist Party, the companionship, and supervision of the National Assembly, the active, assertive, and effective direction and administration of the Government of Vietnam, the Prime Minister of the Government of Vietnam, the efforts of various levels, sectors, and localities:
- The progress of disbursement of public investment capital has seen positive transformations, with the disbursement results in the first 9 months of 2022 being approximately 35,000 billion VND (up 16%) higher than the same period in 2021, reaching 46.7% of the 2022 plan assigned by the Prime Minister of the Government of Vietnam.
- However, the progress of disbursement of public investment capital and the implementation of the 03 national target programs remains slow and does not meet the required targets.
The slow disbursement has both objective and subjective reasons, with the subjective reasons being predominant:
- The existing issues and limitations in the management, administration, and implementation organization. The role and responsibility of the heads of some ministries, central agencies, and localities have not been fully promoted;
- The capital planning work is not close to reality and disbursement capacity;
- Land clearance issues have not been thoroughly resolved;
- The coordination between agencies in certain cases is not tight;
- The inspection and urging work is not assertive;
- Handling of delay cases and regulation violations is still not prompt and stringent...
Accelerating the disbursement of public investment capital and improving the quality of public investment plan making according to Directive 19/CT-TTg of 2022? (Image from the Internet)
Building the allocation plan for the 2023 public investment capital, the economic and social recovery and development program, and the 3 national target programs
In subsection 2, Section II of Directive 19/CT-TTg of 2022, ministries, central agencies, and localities have the following tasks:
- First: Implementing decisively and synchronously the objectives, tasks, and solutions set forth in Resolution No. 01/NQ-CP dated January 08, 2022, Resolution No. 124/NQ-CP dated September 15, 2022, of the Government of Vietnam; the Government of Vietnam’s regular session resolutions, and the Prime Minister of the Government of Vietnam's directive documents on disbursement of public investment capital in 2022.
- Second:
+ Strengthening discipline and order in the disbursement of public investment capital; focusing on accelerating land clearance, construction progress, and resolving land and resource difficulties and obstacles...;
+ Making payments, acceptance, settlement, and recouping advances of investment capital in a conformable manner and promptly upon receiving work volumes;
+ Actively reviewing and reallocating capital under authority between slowly disbursing projects to projects with better disbursement capability and capital shortages according to regulations.
- Third:
+ Directly leading, directing inspection, and reviewing each specific project, especially newly commenced projects;
+ Strictly controlling the necessity, and scale of each project according to the approved planning and objectives, ensuring investment efficiency and the output results of each project;
+ Improving the quality of consulting selection in the investment preparation and project preparation stages. Implementing clear and specific delegation and coordination mechanisms regarding authority and responsibility between agencies and units in completing the investment project procedures.
- Fourth:
+ Building the allocation plan for the 2023 public investment capital, the economic and social recovery and development program, and the 3 national target programs in conformity with the provisions of the Public Investment Law, the National Assembly's resolutions, the Standing Committee of the National Assembly's resolutions, the guiding decrees implementing the Public Investment Law, the Government of Vietnam's resolutions, and Directive No. 12/CT-TTg dated July 22, 2022, on building the socio-economic development plan and the state budget estimate for 2023.
+ Allocating sufficient capital for projects under the economic and social recovery and development program conformably with Resolution No. 43/2022/QH15 of the National Assembly.
- Fifth:
+ For projects expected to be allocated 2023 plans: directing the investors to actively prepare all necessary procedures and conditions within 2022 to promptly implement and disburse the project’s capital immediately after being allocated the 2023 capital plan, avoiding commencing work only after the capital plan is allocated.
+ Determinedly not allowing the situation where a project is allocated capital but cannot disburse or fully disburse the allocated capital plan.
- Sixth:
+ Localities proposing the annual foreign capital plan must ensure the balance of grant and relend ratio for each project, conforming to the financial mechanism approved by the Prime Minister of the Government of Vietnam;
+ Cutting the capital plan of projects that are not feasible, lack urgent needs, avoiding proposing many capital plans but not fully disbursing.
- Seventh:
+ Urgently completing investment project procedures intended for mid-term public investment allocation for the 2021 - 2025 period before November 2022 as required under Resolution No. 16/NQ-CP dated July 31, 2022, of the Government of Vietnam and Directive No. 17/CT-TTg dated October 05, 2022, of the Prime Minister of the Government of Vietnam;
+ Reviewing and prioritizing sufficient capital allocation for ongoing projects, determining the order of priority for starting new projects in 2023, ensuring feasibility regarding investment procedures, implementation, and disbursement;
+ Completing some key projects, creating new motivational development for sectors, fields, and localities.
Tasks of ministries, central agencies, and localities regarding the implementation of 03 national target programs
In subsection 4, Section II of Directive 19/CT-TTg of 2022, regarding the implementation of 03 national target programs:
- Ministries such as: Information and Communications, Industry and Trade urgently report to the Prime Minister of the Government of Vietnam on progress and solutions to complete the issuance of implementation guidelines for certain contents and projects under their assigned authority of the national target programs for socio-economic development in ethnic minority and mountainous areas, building new countryside areas in a conformable manner.
- Ministries, central agencies, localities:
+ Implementing synchronously the management measures and strengthening the integration of capital sources for the national target programs, ensuring efficient, centralized, and economical use of capital; overcoming scattered, overlapping, and wasteful investment; not allowing the emergence of basic construction debt.
+ Proactively implementing solutions to accelerate the allocation and disbursement of capital for projects under the national target programs. Allocating and assigning detailed investment capital plans for 2023 projects, ensuring compliance with the Public Investment Law.
+ Enhancing decentralization, especially at the grassroots level, to improve the initiative and flexibility of local government levels in managing and organizing the implementation of the national target programs; promoting the community's role as the main actors in planning, implementing, and monitoring national target programs.
For detailed content, see Directive 19/CT-TTg of 2022
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