Hung Yen attends a teleconference on promoting the implementation and disbursement of public investment in 2020

Published on 17 - 07 - 2020

On July 16, the Government Standing Committee held a teleconference with localities on promoting the implementation and disbursement of public investment in 2020.

Mr. Nguyen Xuan Phuc, Member of the Politburo, Prime Minister chaired the conference. At the Hung Yen destination, the conference witnessed the attendance of comrades: Mr. Do Tien Sy, Member of the Party Central Committee, Provincial Party Secretary, Head of the Provincial Delegation of the National Assembly; Mr. Tran Quoc Toan, Member of the Provincial Standing Committee, Chairman of the Provincial People's Council, Chairman of the Provincial Party Committee for Inspection Commission; Mr. Dang Ngoc Quynh, Member of the Provincial Standing Committee, Standing Vice Chairman of the Provincial People's Committee.

The teleconference at the Hung Yen destination

According to a report of the Ministry of Planning and Investment, the total investment capital for development of state budget plan in 2020 approved by the National Assembly is VND 470,600 billion. To date, 52/53 ministries, central agencies and 63/63 provinces and cities have made a plan to allocate state budget capital in 2020 to their subordinate units and People's Committees. The total assigned capital of ministries, central agencies and localities for projects eligible for disbursement reaches 94.2% of the yearly plan. The disbursement results in the first 6 months get over 159,397 billion VND, reaching 33.9% of the yearly plan. According to the general assessment, as compared to the same period in 2019, the disbursement of public investment in the first 6 months of 2020 has positively changed but still low as compared to the requirements. There are 12 ministries, central agencies, provinces and cities achieving the disbursement rate of public investment of over 50%, while there are 36 units with the disbursement rate below 20%, especially there are seven ministries and central agencies with disbursement rate below 5%. The reason for the slow disbursement of public investment is partly due to objective factors such as land clearance, bidding, policies and regulations changes, slow issuance of unit prices, construction norms for specific tasks and especially the impact of Covid epidemic - 19. Besides, there are subjective reasons such as: Planning work is not close to the actual situation and the ability to allocate capital; lack of active and proactive participation of agencies and units; investment project preparation is not thorough ...

In 2020, Hung Yen province is assigned a total plan of investment capital from the state budget of 4,628 billion VND, of which the capital assigned by the Prime Minister, ministries and branches is 3,188 billion VND; the capital plan supplemented by provincial, district and commune level is 1,440 billion VND. Up to now, the provincial, district and commune levels have basically assigned detailed capital plans for works and projects. As of July 15, the province has disbursed 2,360 billion VND, accounting for 74% of the plan assigned by the Prime Minister and 51% of the plan assigned by the locality.

Speaking at the Hung Yen destination, Standing Vice Chairman of the Provincial People's Committee Dang Ngoc Quynh affirmed that the progress of implementation and disbursement of the province's public investment plan in more than 6 months of 2020 reached a good level as compared to the one assigned by the Prime Minister. However, the disbursement results of central budget, ODA and Government bond capital from 2018 to 2020 are lower than the assigned plan. The Provincial People's Committee has made a written request to the Ministry of Finance, the Ministry of Planning and Investment, relevant agencies and units to remove difficulties and obstacles early, strengthen cooperation with the province to implement the projects, ensure the construction progress and capital disbursement. In the coming time, the province will continue to pay attention to leading and directing to speed up the construction progress and disbursement of investment projects in the province.

Speaking at the conference, Prime Minister Nguyen Xuan Phuc requested ministries, central agencies and localities to seriously and effectively perform the provisions of the law on public investment, accelerate the progress and disburse public investment in 2020.

Prime Minister Nguyen Xuan Phuc proposed the whole country and each locality to launch a patriotic emulation movement on the disbursement of public investment, private investment and FDI; study, exchange experiences, and resolve to overcome shortcomings to better disburse public and social investment capital. The Chairmen of the People's Committees of provinces, cities and ministers must make specific action plans in disbursing public and social investment capital in their respective branches and localities.

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