Disbursement of public investment capital in 2023 is estimated to reach nearly 73.5% of the plan.

Accordingly, by the end of 2023, public capital will be paid nearly VND 579,850 billion, reaching 73.5% of the plan and nearly 82% of the target assigned by the Prime Minister. Of which, the economic recovery program will reach more than 56%.

The Ministry of Finance said that while there are some units and localities that have achieved positive results and are capable of completing the disbursement plan, such as the State Bank, the Ministry of Transport, the Ministry of National Defense, Long An, Quang Ngai, Dong Thap, and Ca Mau, with high disbursement rates of 85-95%. There are still 63/115 ministries and localities with estimated 12-month disbursement results lower than the national average; in which many ministries, central agencies and localities have very low disbursement rates. Specifically, there are 12 ministries and central agencies that can only disburse less than 20%, and 2 localities that can only disburse less than 40%.

According to the Ministry of Finance, the reason for the low disbursement rate of public investment capital is that the mechanisms and policies are still contradictory, some legal regulations on separating site clearance into independent projects, the mechanism of assigning some localities to be the main agencies to implement public investment in road traffic projects through many localities and using local budgets to support other localities... Up to now, although some mechanisms have been amended, the Ministry of Finance commented that there are still many issues that are still being reviewed, affecting the progress of capital disbursement.

One reason pointed out by the Ministry of Finance is the scarcity of materials during the construction process of projects in the Mekong Delta region due to the simultaneous implementation of many large transportation projects in the same region.

Along with that, the units are also facing difficulties in site clearance, land use planning, land valuation, and people have not agreed on compensation and resettlement plans. These things lead to complaints, lawsuits, and delays in organizing contractor selection, contract signing, and construction.

In addition, there is a phenomenon of slow adjustment of capital plans between projects because many units and localities still have the mentality of holding capital, affecting the low disbursement rate of public investment capital.

Therefore, the Ministry of Finance believes that it is necessary to continue promoting the solutions for disbursing public investment capital that were previously proposed. Investors also need to promptly accept the completed volume and complete the advance payment documents to send to the State Treasury for payment.

Units also need to soon have a plan for the undisbursed capital, only proposing to extend it for some really necessary projects that can continue to be implemented, to avoid wasting resources and affecting the budget. The capital extended to 2023 is estimated to be about 11,749 billion VND that has not been disbursed by December 31, 2023.