Practice thrift in the use of assets and public investment capital

In the first months of 2025, Quang Ninh recorded many remarkable results in practicing thrift, especially in the management and use of public assets and public investment capital. Thereby, the province has created practical resources to supplement priority tasks, while at the same time making the management of the budget and public assets transparent.

The Hong Thai Dong Secondary School project (Dong Trieu ward) is being urgently constructed by the contractor. Photo: Thanh Hang

Many management measures have created efficiency right from the budgeting stage. The Department of Finance and relevant agencies have appraised and closely reviewed the regular expenditure estimates right from the beginning of the year; thereby reducing nearly 1,000 billion VND compared to the initial proposal of the units; at the same time, the province retained 179.5 billion VND (equivalent to 10% of the autonomous budget) to supplement the salary reform fund. During the implementation process, the province continued to direct the saving of an additional 10% of regular expenditure compared to the base level. The total savings to supplement the salary reform fund reached 857 billion VND. This resource has contributed to ensuring salary and social security policies.

Along with that, the management of public investment capital is focused and strictly controlled. The total public investment capital plan for 2025 is 13,166 billion VND .   Disbursed capital by the end of August 2025 was VND 4,773 billion, reaching 40.1% of the plan assigned at the beginning of the year. The adjustment and allocation of capital was carried out in the direction of focusing on key projects with connectivity and spillover. The Provincial Project Management Board focused on reviewing relevant legal procedures, directing the acceleration of construction progress of projects transferred from localities to ensure consistency in the management and implementation of programs and projects, avoiding delays and interruptions due to the impact of the arrangement, merger and separation of administrative units in accordance with the direction of the Central Government.

Pac Po box culvert (Binh Lieu) contributes to completing mountainous infrastructure, replacing dangerous overflows during the rainy season. Photo: Le Nam

The work of finalizing, recovering advances, and managing investment projects has been gradually rectified. In the first 6 months of 2025, the agencies have examined and approved the final settlement of 29 projects, thereby reducing and collecting 498,464 billion VND for the budget after examination. This shows that the work of managing, finalizing, and allocating public investment capital of the province continues to be rectified and becomes more transparent.

In addition, the province also focused on arranging and handling public assets. By early July, the general inventory of public assets in the whole province had been completed. Along with that, the province had reviewed all houses and land facilities within the scope of arrangement and handling according to regulations; a total of 828 facilities were put into handling, of which by early July, 826 facilities had been arranged (reaching 99.7%). The handling and arrangement of houses and land not only reduces the risk of waste, but also exploits resources to serve development tasks, contributing to optimizing the public asset fund.

In addition, the Provincial People's Committee has also directed the public disclosure of budget estimates and settlements according to regulations. Many inspection, examination and auditing activities have been implemented and have yielded practical results. In the first 6 months of 2025, through the conclusion of the socio -economic inspection, a recommendation was made to recover VND 8,042.11 million to the state budget, other economic recommendations were VND 1,392 billion and many recommendations on handling responsibilities were issued, contributing to preventing loss and returning resources to the budget.

Quang Ha Secondary School (Quang Ha Commune) was built spaciously and modernly, and put into use at the beginning of the 2025-2026 school year. Photo: Huu Viet

Agencies, units and localities have also proactively controlled internal spending, increased ordering of public services based on output products and delegated autonomy to a number of public service units; thereby reducing the pressure on regular expenditures from the budget. The budget for assigning tasks, ordering and bidding for the provision of public service services in 2025 will reach 450 billion VND. At the same time, the province has arranged and perfected the organizational apparatus, reduced focal points, streamlined the payroll, contributing to reducing regular expenditures and improving the efficiency of public service activities.

The procurement and determination of equipment and vehicle needs are carried out according to standards and norms; the province has implemented centralized procurement and required public and transparent asset records. In the first 6 months of the year, the number of cars increased by 7 (new purchases) and decreased by 15 (liquidation and transfer). In parallel, the general inventory of public assets has been completed, creating a database for more scientific and accurate management.

The results achieved in practicing thrift and combating waste in the use of assets and public investment capital affirm the province's efforts in budget management, and are the foundation for continuing to maintain spending discipline and responsibility in the use of public assets in the area.

Cam Khue

Source: https://baoquangninh.vn/thuc-hanh-tieu-kiem-trong-su-dung-tai-san-von-dau-tu-cong-3375911.html