As of early December 2024 in Khanh Hoa, the estimated disbursement rate for the first 11 months of 2024, compared to the capital plan assigned by the Prime Minister, was 55.8% of the 2024 capital plan. Compared to the actual capital plan assigned by the Khanh Hoa Provincial People's Committee, the disbursement rate for the 2024 capital plan was 62.2%.
Meanwhile, the estimated implementation rate of the 13-month period of 2024 (from January 1, 2024 to January 31, 2025) is 85.3% compared to the capital plan assigned by the Prime Minister. Compared to the actual capital plan assigned by the People's Committee of Khanh Hoa province, the estimated disbursement rate of the capital plan for the 13 months of 2024 is 95.1%.
The disbursement results of the public investment capital plan for the 11 months of 2024 are still low due to objective reasons such as the proposed local government bond capital source not being issued is VND 855.6 billion.
Regarding this content, up to now, Khanh Hoa province has sent a document reporting to the Ministry of Finance and the Ministry of Planning and Investment on the proposal to adjust and reduce the source of local government bonds in 2024.
Along with that, the reason for the current slow site clearance work is that the district-level human resources allocated to carry out compensation work in districts, towns and cities are still limited compared to the increasing site clearance needs of localities to serve projects.
Khanh Hoa province also identified subjective causes due to slow investment procedures and contractor selection affecting the project's disbursement progress; the implementation of compensation and site clearance is currently facing difficulties due to the slow implementation of the work of determining specific land prices for compensation and resettlement support at the district level...
From the above reasons, Khanh Hoa province has directed for newly started projects, investors to urgently complete investment procedures, select contractors to speed up the implementation progress and disburse the assigned capital plan.
For projects that have been constructed, are not involved in compensation, site clearance, or are only involved in part of compensation, site clearance, investors urge contractors to speed up the implementation progress, ensure to meet and exceed the set progress, promptly pay for completed and accepted volumes, and not let payment and disbursement files accumulate at the end of the year.
In addition, based on the ability to implement and disburse the actual capital plan of the projects in 2024, the Provincial People's Committee has flexibly operated, submitted to the Provincial People's Council to adjust the capital plan for 2024, transferred capital of projects that are not feasible, disbursed all the assigned capital plan to projects with good disbursement, and need additional capital to speed up the implementation progress.
