(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./.
Hoa Binh City has been making strong changes in its infrastructure system and urban development, creating a vitality, a new look and taking on the leading position in the provincial socio-economic development.
Speaking at a meeting with businesses, investors, and cooperatives on the occasion of the lunar new year, Chairman of the provincial People's Committee Bui Van Khanh affirmed that with the motto of the administration accompanying businesses, Hoa Binh always determines that the success of businesses is also that of the province; and their difficulties and problems are the responsibility of the Party Committees and authorities at all levels. That motto has created a landmark in the development process of the province as well as the local business community.
The Government Office has just issued Notice No. 179/TB-VPCP, dated April 23, 2024, on the conclusions of Prime Minister Pham Minh Chinh at his meeting with the Standing Board of the Hoa Binh provincial Party Committee on April 13.
Cao Phong district has witnessed signs of economic improvement over the recent past thanks to efforts by local authorities to promote agricultural, industrial, and handicraft development.
On April 26th, the Steering Committee for completing the standards to establish Luong Son town of the province held a conference to evaluate the progress of implementing the standards to establish Luong Son town. Mr. Nguyen Van Toan, the Vice Chairman of the Provincial People's Committee, the Head of the Steering Committee chaired the conference.
On the occasion of the 70th anniversary of the Dien Bien Phu Victory (May 7, 1954 - 2024), Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the Hoa Binh provincial Party Committee, and other officials of the province and Lac Son district on April 25 visited and presented gifts to local soldiers and pioneering youths who directly engaged in the Dien Bien Phu Campaign.
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