(HBO) – Under the direction of the Prime Minister and the Chairman of the provincial People's Committee, the province should disburse at least 60 percent of the allocated public investment capital by September 30. However, the goal seems to be impossible to reach as the disbursement rate only reached 29 percent of the plan as of August 15.

 Construction on Hoa Binh 2 bridge project (Hoa Binh city) is being accelerated to ensure that it will be put into trial operation on schedule.

This year, the province is allocated 3.7 trillion VND (166 million USD) of investment capital from the State budget. Meanwhile, capital in the investment plan that has been approved by the provincial People's Council totals over 4 trillion VND.

Up to now, some projects have disbursed over 60 percent of the planned target. However, many others recorded low disbursement rates, with some even not disbursing any capital at all.

Delivering a report at the meeting of the provincial People's Committee, Nguyen Van Thang, Director of the Department of Planning and Investment (DPI) said: "Currently, there is still over 720 billion VND of capital yet to be allocated to new construction projects.” However, he said, from August 15 to September 8, an additional 321 billion VND was disbursed, raising the disbursement rate to 37 percent.

The biggest difficulty in raising the disbursement rate, is related to Official Development Assistance (ODA) capital in Hoa Binh city in the northern mountainous urban programme and the capital for the Da river bed project in 2016-2020 extension period, Thang said.

To speed up the disbursement of public investment capital, Quach Tat Liem, Vice Chairman of the provincial People's Committee said projects management boards needed to organise weekly meetings with the construction sides to speed up the progress of the projects, especially for those with large capital allocation but suffering low disbursement rate. In addition, the capital plan for the projects should be adjusted to ensure effective payment.

The biggest cause of concern is the slowness in allocating capital to projects while there are only more than three months left until the end of the year. Therefore, he said, it is essential for the DPI to have specific solutions for each project before allocating capital, otherwise, disbursement would be impossible.

The provincial Party Committee has directed each department, agency and locality to have detailed plans to speed up the disbursement of public investment funds, ensuring that the disbursement rate will reach over 60 percent by September 30, fulfilling the set target for this year.

He said that drastic measures should be adopted and heads of units should bear the responsibility if they fail to meet 2021 public investment capital./.

 

 


Related Topics


Phu Cuong commune strengthens administrative reform to win locals’ confidence

With the motto of "polite, dedicated, professional, and lawful,” over the years, Phu Cuong commune in Tan Lac district has gradually improved the quality of processing administrative procedures, winning high satisfaction from local people and businesses.

Concerted efforts to build Muong land

Stretching over 300 meters, valued at hundreds of million dong and built to the new-style rural standards, a concrete road in De hamlet, Bac Phong commune, Cao Phong district, was completed by the end of 2023 thanks to the collective contributions of armed forces at provincial and district levels coupled with the active participation of military units stationed throughout the district.

Lac Thuy district strengthens provision of online public services

Over the years, the People’s Committee of Lac Thuy district has issued many plans and programmes to speed up the administrative reform, aiming to better serve local people and businesses.

Kim Boi district focuses on planning work

Kim Boi district is drafting 23 planning projects which are expected to help boost the local socio-economic development, attract investors, and mobilise resources for development, said Vice chairman of the district People’s Committee Tran Tuan Son. They include the one on Bo urban area development until 2045, 20 zoning, and 12 on rural residential areas in communes.

Focusing resources on building new rural areas

This year, Hoa Binh province strives to have eight communes recognised as meeting new-style rural area standards and five communes satisfying exemplary new-style rural area standards. Since the beginning of the year, the provincial People's Committee has drastically directed the implementation of the national target programme on new-style rural area building to fulfil the set target.

Cao Phong district achieves positive socio-economic development results

Cao Phong district achieved positive socio-economic development results last year as drastic comprehensive measures were implemented with high determination of its whole political system, said the Secretary of the district Party Committee Ha Van Di.