Prime Minister of Vietnam's Directive on accelerating the disbursement of public investment capital in 2024

Prime Minister of Vietnam's Directive on accelerating the disbursement of public investment capital in 2024

In Official Dispatch 4808/VPCP-KTTH: to aggressively implement tasks and solutions to promote the disbursement of public investment funds for 2024, Prime Minister of the Government of Vietnam Pham Minh Chinh has directed as follows:

(1) Ministries, central agencies, and localities should study and absorb the opinions of the Ministry of Finance in the aforementioned document, according to their assigned functions, tasks, and authority to promptly, appropriately, and effectively implement strong solutions to promote the disbursement of public investment funds for 2024, contributing to economic growth promotion.

(2) The Government of Vietnam will host a nationwide online conference with ministries, central agencies, localities, and state-owned corporations and large state-owned enterprises assigned the state budget investment plan for 2024 to evaluate the implementation of the public investment plan for the first six months and deploy tasks and solutions to accelerate the disbursement of public investment funds for the last six months of 2024. The expected date is July 17, 2024.

(3) Ministries, central agencies, localities, and state-owned corporations and large state-owned enterprises assigned the state budget investment plan for 2024 should prepare reports to evaluate the disbursement of public investment funds for the first six months of 2024, the achieved results, limitations, causes, lessons learned, and tasks and solutions to promote disbursement in the last six months of 2024 and submit them to the Ministry of Planning and Investment before July 12, 2024.

(4) Assign the Ministry of Planning and Investment of Vietnam to promptly:

- Lead and cooperate with relevant ministries, agencies, and localities to prepare a central report serving the nationwide online conference of the Government of Vietnam with ministries, central agencies, localities, and state-owned corporations and large state-owned enterprises assigned public investment capital plan for 2024 to evaluate the disbursement of public investment funds for the first six months and deploy strong tasks and solutions to accelerate the disbursement of public investment funds for the last six months of 2024 (with detailed evaluation of the situation, clarification of achieved results; limitations, obstacles, and causes of slow disbursement; lessons learned; based on this, propose determined, breakthrough, feasible, and effective tasks and solutions to promote public investment fund disbursement in the last months of 2024, assigning specific tasks to relevant ministries, agencies, and localities with a completion timeline);

- Anticipate components, program, scenario of the Conference, draft opening speech, conclusions of the Prime Minister of the Government of Vietnam, assign tasks to ministries, agencies to serve the Conference and related contents, report to the Government of Vietnam before July 14, 2024. Based on the conclusions speech of the Prime Minister of the Government of Vietnam and the opinions of ministries, agencies, and localities at the nationwide online conference, the Ministry of Planning and Investment will lead, coordinate with relevant ministries and agencies to draft the directive of the Prime Minister of the Government of Vietnam on focusing to accelerate the disbursement of public investment funds in the last months of 2024, report to the Prime Minister of the Government of Vietnam for consideration and issuance in July 2024.

- Lead and cooperate with the Ministry of Finance and relevant agencies, localities to report to the Government of Vietnam before July 10, 2024 to submit to the competent authority on the adjustment of the 2024 central budget investment plan between ministries, central agencies, and localities as directed in Resolution 62/NQ-CP and Resolution 82/NQ-CP.

- Lead and cooperate with the Ministry of Finance and specialized ministries to address obstacles related to assigning project management tasks to units not under specialized ministries, for projects managed by specialized ministries as directed by the Prime Minister of the Government of Vietnam in Notice No. 72/TB-VPCP dated February 28, 2024, complete before July 10, 2024; if beyond authority, promptly report to the competent authority as prescribed.

- Develop a Decision to replace Decision No. 235/QD-TTg dated March 14, 2023 to reorganize the working groups of the Prime Minister of the Government of Vietnam to inspect, urge, resolve difficulties, and accelerate the disbursement of public investment funds, including adding a Work Group led by Deputy Prime Minister Le Thanh Long as the Group Leader; report to the Prime Minister of the Government of Vietnam before July 12, 2024.

(5) The Office of the Government of Vietnam will monitor and urge the implementation according to the assigned functions and tasks.

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