Capital for slow-progress public investment projects will be cut

Khánh Linh |

Lang Son - Public investment projects that do not meet disbursement targets will be transferred capital to projects that have completed volume and good progress.

On August 7, according to Lao Dong's source, Lang Son Provincial People's Committee has just issued a document adjusting the disbursement target of public investment capital in the third quarter and for the whole year 2026 for departments, branches, localities and investors.

Accordingly, by the end of July 23, the province disbursed 1,823 billion VND, equal to 80.7% of the plan assigned at the beginning of the year and 32% of the plan assigned by the Central Government after adjustment.

Lang Son sets a target to disburse all public investment capital allocated this year.

According to the new plan, implementation and disbursement targets are specifically assigned quarterly and annually to each investor. Units must be fully responsible to the Chairman of the Provincial People's Committee if they do not complete their tasks.

Disbursement results are also used as a basis for evaluating and ranking the level of task completion in 2026 of agencies, units and heads.

The Provincial People's Committee requests investors, communes, and wards to focus on removing obstacles and accelerating the progress of public investment projects and national target programs.

Disbursed data must be fully updated on the system of the Ministry of Finance and the province, ensuring accuracy and truthfulness.

Every month, quarter and year-end, units must report progress, difficulties and handling plans for the Department of Finance to summarize and advise the Provincial People's Committee.

The Department of Finance is assigned to monitor the results of each investor, propose capital transfer from projects that are behind schedule or do not complete targets.

This capital source will be transferred to projects that have completed volumes, are well implemented and have high disbursement capacity.

Investors with projects having capital plans cut in the year must organize reviews and report to the Provincial People's Committee.

The adjustment of targets takes place in the context that Lang Son's disbursement rate has only reached 32% of the central government's assigned plan after the adjustment, while the remaining time of the year is less than 5 months.

The province requests agencies to increase inspection and handle bottlenecks, avoiding capital being allocated but not being able to be put into the economy.

Khánh Linh
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