At the conference on promoting disbursement of public investment capital on the afternoon of April 20, Mr. Nguyen Tuan Anh - Chairman of Lao Cai Provincial People's Committee criticized some investors with low disbursement rates, even some units have not disbursed a single penny.
According to the report of the Department of Finance, the expected medium-term capital for the 2026 - 2030 period allocated to Lao Cai province is 100,000 billion VND, including central budget capital of 44.6%, local capital of 54.9%.
Regarding medium-term public investment expenditures, Lao Cai province is expected to allocate 70,000 billion VND (70% of capital source) to start new construction projects; the remaining amount will be allocated for transitional projects, land fund development, targeted supplementation for communes, and contingency capital.
Public investment capital in 2026, the Prime Minister has decided to allocate to Lao Cai 7,699 billion VND, the capital allocated by Lao Cai province is 12,128 billion VND, higher than the level assigned by the Government of 4,429 billion VND.
However, by April 15, the whole province had only disbursed 668 billion VND, equivalent to 5.51% of the plan.
At the conference, investors and project management boards raised many difficulties and obstacles related to mechanisms, policies, human resources, and at the same time proposed solutions to remove obstacles to accelerate disbursement progress.
Speaking in conclusion, Chairman of Lao Cai Provincial People's Committee Nguyen Tuan Anh emphasized that, despite many difficulties, the target of disbursing 45% in the second quarter is a mandatory task to be completed, with the spirit of "solving where difficult, only discussing doing, not discussing retreating".
To promote progress, Lao Cai Provincial People's Committee will establish a specialized team to urge disbursement, and at the same time establish a mechanism to report daily on the implementation progress. The Department of Finance is assigned to urgently review and accelerate the appraisal of project dossiers, striving to complete them in the first half of May.
Along with that, the province will establish an inter-sectoral team to inspect the production and business of construction materials, gasoline and oil, prevent speculation, hoarding, and price manipulation affecting the construction progress of projects.
Heads of departments, branches, and localities are required to directly direct and be responsible to the Chairman of the Provincial People's Committee for the disbursement progress and quality of works; units causing congestion and delays will be considered for handling.
Leaders of Lao Cai province affirmed that accelerating the disbursement of public investment is not only a financial task but also an important driving force to promote growth, creating room for Lao Cai to maintain the pace of economic development in 2026.
