The above information was announced at the regular meeting of the People's Committee of Cao Bang province in March, which took place on January 3.
Accordingly, as of March 15, the total public investment capital disbursed in the whole province of Cao Bang reached VND 234.409 billion, equivalent to 5.1% of the plan.
In the face of the general situation, on April 5, Prime Minister Pham Minh Chinh signed and issued Official Dispatch No. 32/CD-TTg, requesting ministries, branches and localities to speed up the disbursement of public investment capital in 2025.
According to the content of the telegram, by mid-March, ministries, central and local agencies will have allocated in detail about 93% of the capital plan assigned by the Prime Minister. Thus, there is still about 57,700 billion VND, accounting for 7% of the plan, which has not been allocated in detail to 19 ministries, central agencies and 32 localities.
The estimated disbursement rate of public investment capital as of March 31 only reached 9.53% of the plan - lower than the same period in 2024 (12.27%). Compared to the national average, the disbursement rate in Cao Bang is currently nearly 5%.
Faced with this situation, in Official Dispatch No. 32, the Prime Minister severely criticized 27 localities with disbursement rates below the national average as of the end of March.
According to local explanations, the reason for the low disbursement results is due to many potential risks from the economic environment that are still present, negatively affecting the prospects for growth recovery.
In addition, unfavorable weather conditions at the beginning of the year, scarce supply of construction materials, escalating prices, along with the lack of synchronization and slow issuance of guidance documents from the Central Government... are also factors that slow down the progress of socio-economic development goals in the area.
