In 2025, Son La province was assigned a public investment plan of nearly VND6,600 billion, of which more than VND294 billion will be transferred from 2024 and over VND6,300 billion will be capital in 2025.
The disbursement of public investment capital is identified by Son La province as a key political task, contributing to promoting the province's economic growth to reach the target of 8%.
According to the representative of the Department of Finance of Son La province, as of June 20, the whole province has allocated in detail over VND 6,133 billion (reaching 92.57%) but has only disbursed more than VND 1,297 billion, reaching only 19.58% of the assigned capital plan.
Some districts with a disbursement rate of over 50% such as Yen Chau, Bac Yen, Sop Cop, Son La city. Meanwhile, many other localities have only reached below 50% of the disbursement rate, the lowest being Van Ho district, which has only reached 8.98%.
The Son La Provincial Project Management Boards also have a very low disbursement rate. Currently, the Traffic Project Management Board has only reached 4.1%; the Industrial and Urban Civil Project Management Board has reached 7.29%; the Agricultural Project Management Board has reached 23.98%; the Industrial Park Management Board has not been disbursed due to newly added capital from June 4, 2025.
According to Mr. Nguyen Minh Tien - Director of the Department of Finance of Son La province, the main reason is the slow investment preparation work, many units have not completed detailed allocation. In addition, problems in site clearance, bidding procedures and unsatisfactory acceptance volumes are also the reasons for the delay in payment progress.
"The People's Committee of Son La province has issued a notice of conclusion, requiring clarification of people, work, and responsibilities. At the same time, direct the acceleration of site clearance, remove land obstacles, grant material exploitation licenses, organize timely acceptance and strictly handle violating contractors" - Mr. Tien said.
The People's Committee of Son La province also assigned the Department of Finance to review and advise on the transfer or capital recovery of projects with a disbursement of less than 50% before June 30 and less than 60% before September 30. Investors need to be more proactive in selecting contractors and consulting units to ensure progress and disbursement efficiency.
