Thai Nguyen: Many solutions to complete the public investment capital disbursement plan

In the context of province arrangement, consolidation and implementation of the two-level local government model, the task of disbursing public investment capital is considered by Thai Nguyen province as one of the decisive "levers" to achieve economic growth of 10.5% or more. To do so, more synchronous and drastic solutions are needed in the last months of the year to ensure 100% disbursement of the assigned capital plan.

With a capacity of 22,000 seats, Thai Nguyen Stadium (with a total investment of over 535 billion VND) is the largest stadium in the Northern Midlands and Mountains. Currently, contractors are urgently completing the final items to hand over and put the project into use. Photo TL

Promote the responsibility of leaders

The first solution proposed is to tighten discipline and order, and at the same time improve the effectiveness of direction and management at all levels and sectors. The heads of agencies, units and localities must be directly responsible to the Provincial People's Committee and the Chairman of the Provincial People's Committee if the disbursement progress does not meet the requirements.

In particular, specialized agencies need to shorten the appraisal process and review documents right from the project establishment stage, avoiding the situation of having to return them due to technical errors. The State Treasury of Region VII is required not to let documents backlog, actively coordinate with investors to make payments as soon as the volume is completed.

The Provincial People's Committee affirmed that it will immediately replace irresponsible officials who cause congestion or delays, and at the same time link disbursement results with evaluation and classification of the task completion level of each organization and individual.

No interruptions when transitioning projects

In 2025, Thai Nguyen will complete the local government according to the two-tier model. This is a time when it is very easy to lead to disruptions in the management and disbursement of public investment capital. Therefore, units are required to absolutely not leave the management field vacant, especially for important, large-scale projects.

The People's Committees of communes and wards must proactively assign tasks, capital plans, budget estimates, open project accounts, and promptly complete the handover of relevant files, documents, and contracts. Provincial working groups will be established to directly support localities facing difficulties, especially those with large amounts of allocated capital.

One of the key requirements is to make a specific disbursement plan for each program and project, closely following the monthly progress. Investors must directly supervise the site, urge contractors to organize construction in "3 shifts, 4 shifts", making the most of favorable weather conditions.

Key projects to be completed in 2025 include: Linking route connecting Thai Nguyen - Bac Ninh - Phu Tho; Ring Road V section through Thai Nguyen province; Bac Kan - Ba Be Lake road connecting Na Hang (Tuyen Quang); Thai Nguyen Provincial Stadium; Provincial Office Headquarters... These are all large-scale infrastructure projects with strong spillover effects on regional development.

The Provincial People's Committee requires that before October 31, 2025, units must report and propose capital transfer if the project disbursement is slow or no longer needed.

After more than 3 years of construction, the connecting route between Thai Nguyen - Bac Ninh - Phu Tho provinces (phase 1) with a total investment of over 4,200 billion VND has been completed. Photo TL

Speed ​​up site clearance and settlement procedures

Site clearance is considered the biggest “bottleneck” in disbursement of public investment capital. The province requires communes and wards to directly direct and take responsibility for the site clearance progress in the area. In particular, focusing on major transport infrastructure projects such as: Cho Moi - Bac Kan route, Bac Son - Provincial Sports Complex connecting road, Ring Road I (Bo Dau - Hoa Thuong), Quang Vinh 1 and Quang Vinh 2 bridges, etc.

Socio-political agencies and organizations need to actively participate in propaganda and mobilize people's consensus to avoid project stagnation due to land acquisition problems.

In addition, regarding capital sources, the province requires increasing budget revenue, especially from land use rights auctions, lottery, and reorganization of public assets. If the budget revenue estimate is at risk of not being met, the Department of Finance must promptly advise on adjusting the public investment plan before October 31, 2025. Capital sources must be transferred flexibly, prioritizing projects with the ability to disburse quickly, absolutely avoiding scattered and ineffective arrangements.

The province also requires that overdue advances be handled thoroughly, not to be prolonged, causing losses. Within 5 working days from the date of completion, the investor must send payment documents to the State Treasury. The State Treasury of Region VII is required to shorten the time for controlling expenditures and coordinate in handling arising problems.

With high determination, Thai Nguyen province sets a target of disbursing at least 70% by September 30, 2025 and reaching 100% of the assigned public investment capital by December 31, 2025. This is a difficult but decisive task for Thai Nguyen to achieve a growth rate of 10.5% or more in this pivotal year, while creating a premise for development in the 2026-2030 period.

Source: https://baothainguyen.vn/thoi-su-thai-nguyen/202509/thai-nguyen-nhieu-giai-phap-hoan-thanh-ke-hoach-giai-ngan-von-dau-tu-cong-66f3182/