Enhancing disbursement of public investment capital in Vietnam in the last months of 2024

Enhancing disbursement of public investment capital in Vietnam in the last months of 2024​ (Image from the internet)

Enhancing disbursement of public investment capital in Vietnam in the last months of 2024

To strive to achieve the highest economic growth targets and economic-social development objectives and targets for 2024 assigned by the Central Party, the National Assembly, and the Government of Vietnam, especially ensuring the disbursement of public investment capital reaches over 95% of the plan assigned by the Prime Minister of the Government of Vietnam, the Prime Minister of Vietnam requires ministries, central agencies, and localities to perform their assigned functions, tasks, and powers:

- Continue to fully realize the pivotal and significant role of public investment in economic-social development, determine that the disbursement of public investment capital is one of the foremost important political tasks of all levels and sectors, contributing to economic growth, creating jobs and livelihoods for the people...; public investment is a leading and attractive capital source, mobilizing other capital sources in society for developmental investments.

- Urgently implement the Resolutions and directives from the Government of Vietnam, the Prime Minister of the Government of Vietnam, especially Official Telegram No. 24/CD-TTg dated March 22, 2024, Directive No. 26/CT-TTg dated August 8, 2024, Official Telegram No. 104/CD-TTg dated October 8, 2024, of the Prime Minister of the Government of Vietnam, focusing on executing flexible, innovative, prompt, effective measures and solutions; resolute, highly determined in direction, administration, clearly delegating tasks, responsibilities, progress, and outcomes; enhancing discipline and orderliness in public investment capital disbursement; emphasizing inspection, supervision, promptly resolving bottlenecks and obstacles in implementation.

- Concentrate on expediting site clearance work, prioritize allocating sufficient funds to compensate and clear sites for areas eligible; carry out effective propaganda, mobilization, evaluation, and speed up the construction of resettlement areas, promptly handing over the sites for construction.

- Rigorously implement directives from the Government of Vietnam's leadership on resolving difficulties related to mineral licensing, exploitation of stone, sand, and soil materials; enforce measures to control prices and quality of raw materials serving public investment projects quickly, effectively, and in compliance with the law.

- Further enhance the effectiveness of the Special Task Force on public investment disbursement chaired by the Chairman of the Provincial People's Committee. Delegate leadership to monitor, increase inspection frequency, supervision, and specific evaluation of work results each week, closely following the project implementation progress, promptly addressing existing issues, shortcomings, resolving difficulties, and accelerating the progression and disbursement of public investment capital.

- Proactively review and assess the disbursement capability of each project, consolidate additional capital needs of projects and adjust capital plans from slow disbursing projects to those with a disbursement capability within the ministry, central agency, locality as per regulations.

- Increase efforts in inspection, urging, promptly praising, and rewarding organizations, individuals, and units achieving positive results in public investment capital disbursement; resolutely and stringently handle investors, Project Management Boards, organizations, individuals intentionally causing difficulties, obstacles, or bearing responsibility for delays in capital allocation, adjustment, project implementation, and disbursement of public investment capital.

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