Hung Yen attends the conference to evaluate the disbursement of foreign direct investment capital in the first 5 months of 2021

Published on 15 - 06 - 2021

On June 14, the Ministry of Finance held a teleconference to assess the disbursement of foreign direct investment capital in the first 5 months of 2021 and promote the capital disbursement in 2021. Deputy Minister of Finance Tran Xuan Ha chaired the conference. At the Hung Yen provincial destination, the conference drew the attendance of Mr. Dang Ngoc Quynh, member of the Provincial Standing Committee, Standing Vice Chairman of the Provincial People's Committee.

Delegates attend the conference at the Hung Yen destination

According to the assessment of the Ministry of Finance, by the end of June 10, 2021, the disbursement of the foreign direct investment plan of the ministries and branches has reached 7.53% of the assigned estimate; provinces and cities have disbursed nearly 2% of the assigned estimate, of which, 37/63 provinces and cities have not yet released funds as in the plan for the foreign direct investment capital in 2021. The reason affecting the disbursement of foreign direct investment capital by ministries, branches and localities, is mainly due to the projects that have not completed investment procedures, even negotiation procedures or not signed a loan agreement but allocated the capital; some projects have been allocated capital and completed investment procedures, but the site clearance and resettlement are slow... Besides, due to the complicated development of the Covid-19 epidemic, the consultants could not go to Vietnam, the sponsors have also faced many difficulties in responding to the project, which has affected the progress...

In Hung Yen province, on July 26, 2013, the Government of Vietnam and the Export-Import Bank of Korea signed a loan agreement VNM-41 for the component of Hung Yen wastewater treatment system and network (the component HY1) with a total investment of more than 26.4 million USD. On April 29, 2016, the Provincial People's Committee approved the construction drawing design and estimate of the component HY1: Hung Yen wastewater treatment system and network in the Decision No. 827/QD-UBND dated April 29, 2016 of the Provincial People's Committee; adjusted in the Decision No. 2439/QD-UBND dated October 25, 2019 of the Provincial People's Committee. The total value of the approved estimate is more than 374.2 billion VND (equivalent to 16.8 million USD). The project was constructed on May 12, 2017 and completed on December 1, 2020. The result of capital disbursement from the beginning of the project to December 31, 2020 is 284.7 billion VND. The capital plan for 2021 is allocated 46.8 billion VND, of which ODA capital is 41.8 billion VND, reciprocal capital is 5 billion VND. As of May 31, 4.15/5 billion VND of reciprocal capital has been disbursed; currently, the contractors are completing the dossier of completed volume. ODA capital is expected to be disbursed before June 30, 2021 with the expected value of VND 35 billion. The remaining is expected to be disbursed before November 30, 2021.

At the conference, representatives of ministries, branches and localities with a high amount of allocated public investment capital but a low disbursement rate reported the implementation situation, difficulties and obstacles leading to slow disbursement and proposed solutions to continue disbursing ODA programs and projects, foreign concessional loans in the locality...

In the remaining months of 2021, ministries, branches and localities will continue to accelerate the performance and disbursement of the public investment capital plan in general and the ODA capital plan in particular. The Ministry of Planning and Investment and the Ministry of Finance shall coordinate to clarify the roadmap, implementation and disbursement of ODA capital more conveniently, methodically and consistently. Leaders at all levels directly urge and promptly remove difficulties, focus on solving problems of investment projects to accelerate capital disbursement.

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