Striving to complete 3000 km of expressways in Vietnam by the end of 2025

Striving to complete 3000 km of expressways in Vietnam by the end of 2025 (Internet image)

On August 8, 2024, the Prime Minister of the Government of Vietnam issued Directive 26/CT-TTg regarding the key tasks and solutions to accelerate the disbursement of public investment capital in the final months of 2024.

Striving to complete 3000 km of expressways in Vietnam by the end of 2025

According to Directive 26/CT-TTg of 2024, the goal is to strive for a public investment capital disbursement rate exceeding 95% of the plan assigned by the Prime Minister of the Government of Vietnam, creating favorable conditions to achieve the socio-economic development goals of 2024 and strive to complete at least 3,000 km of expressways by the end of 2025.

Furthermore, to accelerate the achievement of this goal, the Prime Minister of the Government of Vietnam requires Ministers, Heads of Ministerial-level agencies, agencies under the Government of Vietnam, other central agencies, and Chairmen of People's Committees of provinces and centrally-run cities to focus on effectively implementing the following key viewpoints, orientations, goals, tasks, and solutions:

(1) Accelerate the completion of investment procedures and project bidding.

- Assign specialized staff to closely follow the process of organizing, appraising project files.

- Regularly inspect, expedite specialized agencies to provide guidance, process files related to project appraisal, and give timely advice to ensure quality and progress.

(2) Develop detailed disbursement plans for each project and strictly adhere to the monthly and quarterly disbursement schedules.

- Strengthen field inspection, supervision, and expedite contractors and consultants to accelerate progress.

- Proactively review and evaluate the disbursement capacity of each project, compile additional capital needs, and develop plans to adjust capital plans.

(3) Accelerate project compensation and site clearance progress.

- Focus on leadership and direction, prioritize compensation, and site clearance as bottlenecks that need urgent resolution; direct investors and project management units.

- Allocate sufficient funds to carry out compensation and site clearance for areas meeting the conditions.

(4) Resolve difficulties related to land and resources.

- Continue to strictly implement the directives of the Prime Minister and Deputy Prime Minister of the Government of Vietnam on resolving difficulties related to mine licensing, material extraction (e.g., stone, sand, soil) to ensure quick, efficient, and lawful project implementation.

(5) Promote project payment and settlement using public investment capital.

- Direct investors/project management units to promptly complete legal paperwork and acceptance files within 5 working days from the completion date, send the documents to the State Treasury for control, payment, and reimbursement according to regulations.

- Expedite the approval and disbursement procedures for completed projects to operationalize them.

(6) Strengthen supervision of compliance with public investment capital management and disbursement regulations.

- Increase project inspection frequency to immediately correct shortcomings and expedite project implementation and public investment capital disbursement, ensuring genuine disbursement without over-reliance on contract advances.

- Ensure timely project capital allocation as per the Public Investment Law, minimize requests to extend project capital allocation timing.

(7) Continue maintaining the operations of the Prime Minister’s Task Forces to inspect, expedite, resolve difficulties, and accelerate the disbursement of public investment funds.

- Continue to enhance the effective operations of the Special Task Force for public investment disbursement, led by the Chairman of the provincial People's Committee, to direct the detailed disbursement plans for each project, promptly resolve difficulties, and accelerate disbursement of public investment for projects within the area.

(8) Ensure local budget funds for development investment.

- Direct relevant authorities to monitor and closely evaluate the market situation and developments to propose revenue-increasing solutions and land use rights auction solutions to supplement investment capital.

(9) Direct local specialized agencies and authorities to closely coordinate with central ministries and agencies implementing public investment projects within the area.

More details can be found in Directive 26/CT-TTg issued on August 8, 2024.

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