In 2025, Lao Cai province determined to promote the disbursement of public investment capital, taking public investment as a lead, activating and attracting all social resources. In particular, focusing on and resolutely directing the implementation of site clearance for projects, especially key projects and national target program projects.
According to the report of the Department of Finance, the public investment plan of Lao Cai province in 2025 is more than 5,900 billion VND, of which 4,062 billion VND has been allocated in detail, accounting for 68.8% of the total capital.
In order to ensure the progress and disbursement rate of the year, the People's Committee of Lao Cai province has directed departments, branches, units and localities to focus on removing difficulties and obstacles, promoting site clearance so that projects and works ensure on schedule and strengthen discipline and administrative discipline in disbursing public investment capital.
As of the end of May, the disbursement value reached VND 1,925 billion, equal to 31% of the annual plan. According to the report of the Ministry of Finance, the disbursement rate of Lao Cai province to date has reached 43.45% of the plan assigned by the Prime Minister at the beginning of the year, ranking among the top provinces and cities with high disbursement rates nationwide.
Currently, departments, branches, units and localities in the province continue to synchronously implement many solutions, including urging to speed up site clearance, construction progress and disbursement of capital according to the planned schedule.
Mr. Hoang Quoc Khanh, Permanent Vice Chairman of Lao Cai Provincial People's Committee, said: To ensure the disbursement progress according to the plan, the province has directed that in addition to the highest political determination, localities need to have specific and detailed plans. For works and projects, especially projects at the commune level as investors, it is necessary to focus on directing the resolution of backlogs in procedures for completion of construction and basic construction payment documents to settle investment capital.
For difficulties in the implementation process, standing agencies must regularly grasp the implementation situation in localities; according to their functions and tasks, urge disbursement progress in localities, report to the province to promptly remove difficulties and arising problems.
"Agencies, units and localities focus and proactively carry out tasks resolutely, synchronously and effectively, make detailed plans and commit to disburse capital for each project and each capital source each month; strive to disburse 100% of the capital plan to extend the implementation period and capital allocated in 2025", the Standing Vice Chairman of Lao Cai Provincial People's Committee emphasized.
Through research, Lao Cai has also focused on ensuring capital payment for projects. The current state treasury system is continuing to innovate the spending control process, shortening payment time; at the same time, urging investors to complete the volume and at the same time complete payment documents to avoid concentrating work until the end of the year.
"We assign the task to the heads of departments, assign each dedicated officer in charge of investors and project management boards to periodically summarize the disbursement progress, recover advances, report to the Provincial People's Committee and competent authorities to promptly direct and speed up the disbursement of public investment capital", said the leader of the State Treasury of Lao Cai province.
With the strong direction of all levels and sectors and the efforts of units and investors, the disbursement rate of public investment capital of Lao Cai province is always among the provinces and cities with high disbursement rates nationwide.
