Rapidly disburse public investment capital from the beginning of the year

Identifying public investment as the driving force for growth and leading the economy, Phu Yen has promptly directed departments, branches, investors and local People's Committees to actively speed up the construction progress of projects and works using public investment capital; determined to achieve the highest rate of disbursement of public investment capital in 2025.

 

decisive direction

 

Since the beginning of 2025, the Government and the Prime Minister have issued many documents strongly directing the allocation and disbursement of public investment capital in 2025. However, the results of the detailed allocation of the public investment capital plan for 2025 as of January 23 only reached 96.07% of the plan assigned by the Prime Minister; the amount of capital not yet allocated in detail is still quite large (about 84,840.5 billion VND) of 26 ministries, central agencies and 48 localities; disbursement by the end of January reached 1.26% of the plan assigned by the Prime Minister (the same period in 2024 was 2.58%).

 

The Prime Minister requested ministries, central and local agencies to seriously review the responsibilities of individuals and groups that have not performed well in order to handle them according to Party regulations and State laws. At the same time, he requested to focus on implementing key solutions to speed up disbursement progress right from the first months of the year.

 

For Phu Yen, the total public investment capital in 2025 managed by the province is 4,783.55 billion VND (an increase of 15.95 billion VND compared to the central level), up to now, about 3,962.78 billion VND has been allocated in detail (reaching 82.8% of the total assigned capital). The Provincial Party Committee has issued a document requesting the Provincial Party Committee, the District Party Committees, City Party Committees, and Town Party Committees to thoroughly grasp and clearly identify the disbursement of public investment capital according to the plan as one of the key annual tasks, requiring the participation of the entire political system; requesting the inclusion of public investment capital disbursement results into the annual assessment and classification criteria of relevant collectives and individuals; focusing on removing difficulties, resolving bottlenecks, and promoting public investment capital disbursement.

 

According to comrade Ta Anh Tuan, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, the Provincial People's Committee has directed relevant departments, branches, investors and People's Committees of localities in the province to focus on handling difficulties and problems of public investment projects. In addition, investors focus on urging and accelerating the implementation progress of each project and the progress of disbursement of public investment capital associated with improving the quality of works; especially key works, welcoming the Party Congresses at all levels, term 2025-2030. Heads of agencies, units, localities, and investors further enhance their responsibilities in field inspection and supervision, direction, urging, promptly identifying difficulties and problems for handling or reporting and proposing to competent authorities for direction and handling.

 

Positive signals

 

With the disbursement of public investment capital in 2024 reaching nearly 92%, the Provincial Construction Investment Project Management Board is urgently implementing solutions to achieve higher targets in 2025.

 

Mr. Dang Khoa Dam, Director of the Provincial Construction Investment Project Management Board, said that in 2025, the unit will implement 47 projects. Up to now, the province has assigned the Provincial Construction Investment Project Management Board about 2,000 billion VND. The Board has developed a detailed plan, focusing on disbursement from the beginning of the year; it is expected that 25% will be disbursed in the first quarter. In particular, priority will be given to a number of projects that must be completed in September 2025, such as: Provincial Maternity and Pediatrics Hospital Project; Renovation and repair of Dien Hong Cultural House; Luong Van Chanh Specialized High School.

 

In Dong Hoa Town, the locality is also mobilizing the entire political system to implement solutions. According to Mr. Nguyen Le Vi Phuc, Chairman of the Town People's Committee, right after the Tet holiday, contractors organized construction at works in the area. For new projects that are allocated capital in 2025, investors completed bidding and contract award procedures according to regulations to have enough conditions to start construction and pay the capital plan right in the first months of the year. In addition, site clearance work was also strongly implemented from the stages of preparing documents, appraisal, propaganda and mobilizing people to implement... Specialized departments focused on solving and handling difficulties and problems in the process of site clearance. When solving, they must clearly determine the time to completely resolve the problems, and at the same time report to superiors on cases beyond their authority to resolve.  

In the 2025 public investment disbursement plan, the Provincial People's Committee requires investors to focus on implementation in the first months of the year. Investment preparation must be complete, timely, in accordance with regulations and proactive and flexible in implementation. Units must develop implementation plans for each month and quarter with a specific roadmap for each project category; thoroughly overcome the shortcomings and limitations of 2024 that affect the disbursement rate of public investment capital.

 

Comrade Ta Anh Tuan, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee

LIKE THANH

Source: https://baophuyen.vn/82/326396/cap-toc-giai-ngan-von-dau-tu-cong-ngay-tu-dau-nam.html