In 2024, Vinh Phuc province was assigned more than 7,895 billion VND of public investment capital, including more than 7,776 billion VND of state budget capital assigned by the Central Government; additional provincial budget capital assigned nearly 120 billion VND.
Based on the allocated capital, the provincial level has allocated more than 4,460 billion VND in detail; the district and commune levels have allocated more than 3,430 billion VND in detail.
The disbursement results of public investment capital in Vinh Phuc as of mid-September 2024 reached more than VND 3,998 billion, equal to 51.4% of the capital plan assigned by the Central Government and equal to 48.4% of the total planned capital (including the extended planned capital for 2023).
Of which, the provincial disbursement rate reached 32.5%; the disbursement rate of districts and cities reached 70.8%.
At the conference to review the progress of public investment disbursement in the first 9 months of 2024 and the directions and tasks for the last months of the year, organized by the People's Committee of Vinh Phuc province on September 27, delegates frankly reviewed and analyzed and evaluated the reasons for the low disbursement rate of public investment capital.
The reason is that in the first months of the year, contractors focused on paying the 2023 public investment capital plan; compensation and site clearance for projects still faced many difficulties due to delayed and prolonged procedures for converting the purpose of using rice fields and forest land.
In addition, some projects that do not have names or do not meet land use criteria in the approved planning list must carry out procedures to update and supplement the Land Use Planning for the period 2021 - 2030 of the district level.
In addition, additional capital from the local budget for public investment expenditure in 2024 has not been allocated yet, leading to many projects not being allocated capital for implementation; many projects are scarce in terms of earth filling materials...
In order to disburse public investment capital in 2024 to reach the target of more than 95%, Chairman of Vinh Phuc Provincial People's Committee Tran Duy Dong requested all levels, sectors, localities, and project management boards to strengthen discipline, order, and strictly comply with regulations in public investment management, bidding, construction, and capital settlement.
In addition, strengthen management and effective use of public investment capital; strictly implement the provisions of the Law on Bidding, strengthen supervision and inspection of contractors in project construction.
