Finance - Banking

Hai Duong achieves high public investment disbursement rate in the country

TH (according to VNA) January 27, 2025 21:40

The Ministry of Finance said that the country's public investment disbursement in 2024 reached 93.06% of the plan assigned by the Prime Minister. The Office of the President and the Vietnam Cooperative Alliance had a disbursement rate of 0%.

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Machinery and equipment for asphalt paving at Bien Hoa - Vung Tau highway

Some ministries, central and local agencies have good disbursement rates such as Vietnam Television (100%), Vietnam Bank for Social Policies (100%), Union of Literature and Arts Associations (98.22%), National Assembly Office (97.56%), Ministry of Transport (97.21%), Vietnam Women's Union (97.1%), Voice of Vietnam (96.62%), Ministry of National Defense (95.25%); Hai Phong (99.83%), Soc Trang (99.67%), Dong Thap (99.4%), Hai Duong (99.4%), Ha Nam (98.28%), Ben Tre (98.13%).

However, up to 30/46 ministries, central agencies and 26/63 localities have disbursement rates lower than the national average. Some central agencies disburse 0% such as: Office of the President, Vietnam Cooperative Alliance; or disburse very low such as: Central Committee of Vietnam Fatherland Front (10.85%), Ethnic Committee (11.42%), Hanoi National University (26.55%), Ministry of Health (28.36%), Vietnam Academy of Social Sciences (31.76%)...

Some localities with disbursement rates below 65% are Quang Ngai (57.41%), Lam Dong (60.49%), Kien Giang (63.27%), Binh Phuoc (64.16%), Quang Ninh (64.19%).

In addition, the disbursement rate of capital under the Economic Recovery and Development Program had a high disbursement rate in 13 months, reaching 97.38% of the plan; in which, the capital of the Recovery Program managed by ministries and central agencies reached 99.8%, while the Ministry of Public Security and the Ministry of Transport alone reached 100%.

The Ministry of Finance said that by December 31, 2024, the total disbursed capital of 9 important national projects in the transport sector was VND 70,743.08 billion, reaching 72.9% of the plan assigned in 2024.

Thus, the disbursement results of important national projects in the transport sector are lower than the average 12-month disbursement rate of the whole country (80.32%). The disbursement rate continues to slow down in the last months of the year.

According to the report of the Ministry of Transport, in recent times, investors have made efforts to overcome difficulties in the implementation process to speed up the construction progress of projects, but there are still some difficulties and problems such as site clearance in many localities has had positive changes but still does not meet the progress requirements.

Regarding raw material sources, Tien Giang, Ben Tre, and Dong Nai provinces have implemented licensing procedures for mining contractors that have not met the progress as directed by the Prime Minister, affecting the construction progress of projects in the Mekong Delta region. Some localities have arranged maximum mines to supply the project, but the capacity has not yet met the plan.

Procedures for adjusting investment policies also face difficulties, such as Dong Nai province's slow determination of the land clearance value of the Bien Hoa - Vung Tau Expressway Project, affecting the progress of policy adjustment, or the need to carry out many procedures to adjust the policy of the Ben Luc - Long Thanh Expressway Project...

With the above disbursement situation, the Ministry of Finance requests the Ministry of Planning and Investment to promptly synthesize proposals from ministries, central and local agencies, and report to competent authorities on extending the implementation period and disbursement of the 2024 capital plan to 2025 for projects in order to promptly assign the extended capital plan, avoiding disruption of the implementation and disbursement progress of the projects.

TH (according to VNA)
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Hai Duong achieves high public investment disbursement rate in the country