On November 28, the Vinh Phuc Provincial Agriculture and Rural Development Project Management Board informed that in 2024, the Board was assigned a total public investment capital of over 106.4 billion VND.
This capital is allocated to 21 projects, of which 3 have been completed and put into use, 13 transitional projects, 3 new projects, and 2 projects in preparation for investment.
As of November 10, 2024, the Board has disbursed VND 26.5 billion, reaching nearly 25% of the assigned capital plan.
It is expected that by January 31, 2025, 89.2 billion VND will be disbursed, reaching nearly 84% of the assigned capital plan.
The low disbursement of public investment capital is due to a number of projects approved since the end of 2023 but have not yet been allocated capital to carry out the next steps.
Along with that, compensation and site clearance for projects are still slow, affecting the progress of construction packages and project implementation. Some projects lack land for embankment, and projects pass through low-lying areas, making construction of items difficult.
Similarly, the Vinh Phuc Province Traffic Construction Investment Project Management Board has only disbursed over 30% of public investment capital. The Board was assigned a total public investment capital of VND 891,447 billion.
However, due to difficulties and problems in compensation and site clearance, some projects have to carry out procedures to adjust investment policies and extend project implementation time, so the disbursement of capital is very slow.
In contrast to the Project Management Boards, the progress of disbursement of public investment capital at district and commune levels has improved.
Of which, Yen Lac district has the highest disbursement rate, reaching 84.2%; Binh Xuyen district reaches 81.4%; Lap Thach district reaches 78.7%; Vinh Tuong district reaches 69.8%; Vinh Yen city reaches 63%...
The improvement in disbursement at district and commune levels has helped Vinh Phuc province disburse about VND 4,683.3 billion in public investment capital in the first 10 months of 2024, equal to 60.2% of the capital plan assigned by the Central Government and equal to 51.4% of the total planned capital.
Of which, capital managed by the provincial level is 2,183,738 billion VND, equal to 43.6% of the assigned plan; capital managed by the district and commune levels is 2,499,562 billion VND, equal to 61% of the assigned plan.
According to the report of the Department of Planning and Investment, the province's public investment disbursement rate in the first 10 months of 2024 was nearly 30% lower than the same period in 2023, but still nearly 10% higher than the national average disbursement rate, ranking 21st out of 63 localities and 2nd out of 11 provinces in the Red River Delta.
