By end of August disbursement rate of public investment is still low

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The East North-South Expressway Project in the 2021-2025 period is being accelerated. Photo: Internet.
The East North-South Expressway Project in the 2021-2025 period is being accelerated. Photo: Internet.

According to a report from the Ministry of Finance, the disbursement rate in the first eight months of 2022 is estimated at 35.49% of the plan, or 39.15% of the plan assigned by the Prime Minister, the disbursement rate of the whole country reached 39.15%, a year-on-year slight decrease (in 2021 it was 40.6%). Of which, domestic capital and foreign capital disbursement reached 40.87% and 14.02%, respectively.

There are seven ministries and 12 local agencies seeing a disbursement rate of over 45%.

Some ministries and local agencies record high disbursement rate, including Central Committee of Vietnam Fatherland Front (73.17%); Vietnam General Confederation of Labor (51.91%); Tien Giang (63.5%), Thai Binh (57.9%), Phu Tho (57.2%), and Long An (55.1%), said the Ministry of Finance,

In addition, there are still 35 ministries and 20 loal agencies seeing a disbursement rate below 35%, of which 27 ministries and three local agencies have a disbursement rate below 20% such as Writers Association (5.42%); Office of the Party Central Committee (8.96%); Ministry of Foreign Affairs (11.87%); Ministry of Education and Training (13%), Cao Bang province (17.4%); and Ha Giang province (19.12%).

The Ministry of Finance also informed about the implementation of a number of key projects.

For example, the East North – South Expressway Project; for the 2017-2020 period, by the end of August 12, 2022, the project has completed the payment of compensation and support for affected households and organizations (reaching 100%), handed over the site, only a few technical infrastructure works are being relocated but do not affect the project construction progress, said the Ministry of Transport.

As for the East North-South Expressway Project in the 2021-2025 period, the Ministry of Transport approved investment in 12 component projects on July 13, 2022, in which the management boards of projects under the Ministry as the investor have been assigned to hand over all site clearance landmarks to the local agencies on June 30, 2022. Regarding the capital plan, the project has received VND257 billion to prepare for investment. Regarding the disbursement, according to the report of the State Treasury, by August 18, 2022, the project has disbursed VND200.819 billion, reaching 76.8% of the project’s 2022 plan.

Currently, the Ministry of Planning and Investment is working with the Ministry of Transport to summarize and report to the National Assembly Standing Committee before the Prime Minister assigns details of medium-term plans for each component project.

For three investment projects to build highways: Khanh Hoa – Buon Ma Thuot; Bien Hoa – Vung Tau; Chau Doc – Can Tho – Soc Trang, according to the report of the Ministry of Transport, for the two component projects managed by the Ministry of Transport, the ministry has assigned the investor to the project management boards. The investors have developed the outline and the plan to select the consulting contractor, and set up and approved the design survey task.

For component projects assigned to local agencies, the Ministry of Transport is coordinating with localities to develop implementation regulations and a detailed master plan to carry out projects in accordance with the Resolutions of the National Assembly and the Government.

Localities are carrying out investment preparations such as setting up a Steering Committee, assigning investor tasks, updating planning, developing a plan to select a consulting contractor, and making and approving survey tasks.

As for the project of land acquisition, compensation, support and resettlement at Long Thanh International Airport, the Ministry of Finance said, according to Decision 1487/QD-TTg dated November 6, 2018 of the Prime Minister, this project has a total investment of VND22,856 billion, the total allocated capital to 2021 was VND22,855,035 billion. According to the report of the State Treasury until August 18, 2022, the project has disbursed VND16,436, reaching 71.92% of the assigned plan.

As for the Long Thanh international airport project, the component project on building the headquarters of state management agencies is implementing investment preparation procedures. The component 2 project on building works for flight management (Vietnam Flight Management Corporation as the investor) is selecting a contractor to construct the foundation of the air traffic tower. The component 3 project on building essential works is performing ground leveling, pile foundation construction of station area and design of main works. The component 4 project on building other service works, the Ministry of Transport is implementing procedures to select investors. The progress has met the requirements.

In order to speed up the disbursement of public investment capital from now until the end of the year, the Ministry of Finance proposes that ministries, central and local agencies continue to strictly follow the Resolution 11/NQ-CP of the Government, Official Letter 126/CD-TTg dated February 12, 2022 of the Prime Minister on urging the drastic and effective implementation of the Program on socio-economic recovery and development, speeding up the public investment disbursement; Resolution 85/NQ-CP dated July 9, 2022 of the Government on Online Conference of Government with localities.

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Accordingly, ministries, central and local agencies should solve problems, shortcomings and raise the responsibilities of the heads, review disbursement and propose capital transfer from projects with slow disbursement to high-disbursement ones.

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