The national teleconference on promoting the disbursement of public investment capital in 2024

Delegates attend the conference at the Hung Yen’s bridge point

According to a report from the Ministry of Planning and Investment, the total state budget investment plan for 2024 decided by the National Assembly to allocate to ministries, central agencies and localities is more than 669.2 trillion VND, including central budget capital of more than 236.9 trillion VND, local budget capital of more than 432.3 trillion VND. Pursuant to the provisions of the Public Investment Law and the Resolution of the National Assembly, the Prime Minister has assigned the 2024 state budget investment plan to ministries and central agencies, reaching 100% of the year 2024's capital plan that has been allocated by the National Assembly. By July 10, 2024, ministries, central agencies and localities have allocated and assigned a detailed 2024 state budget investment plan for the list of tasks and projects, reaching a rate of 95.5 % of the plan assigned by the Prime Minister.

Regarding implementation and disbursement, the estimated payment from the beginning of the year to June 30, 2024 is 196,669 billion VND, reaching 29.39% of the plan assigned by the Prime Minister...

At the conference, delegates focused on discussing solutions to remove difficulties and obstacles and promote the disbursement of public investment capital in 2024. Vice Chairman of Hung Yen Provincial People's Committee Nguyen Hung Nam emphasized: In 2024, Hung Yen province has been assigned a public investment capital plan of VND 19,921 billion by the Prime Minister. To date, the province has allocated 14,403 billion VND in detail, reaching 72.3% of the capital plan assigned by the Prime Minister; the remaining capital of VND 5,518 billion from land use fee revenue has not been allocated in detail because there is currently no project that meets the capital allocation conditions according to regulations. To speed up disbursement progress, the province has implemented such solutions as: The Standing Board of the Provincial Party Committee issued a Directive on leadership in implementing public investment plans; the province's leaders conduct field inspections, urge and direct the removal of difficulties and obstacles, and promote disbursement of public investment capital in key projects and works of the province; regularly organize meetings to review progress in disbursement of public investment capital. By July 15, 2024, the entire province has disbursed more than 3.7 trillion VND, reaching 18.9% of the plan assigned by the Prime Minister. The province strives to complete the public investment disbursement plan assigned by the Prime Minister by the end of 2024.

Speaking at the conclusion of the conference, Prime Minister Pham Minh Chinh requested ministries, branches and localities to continue to uphold responsibility, focus on overcoming all difficulties and obstacles, and effectively carry out tasks of disbursement of public investment capital according to the request and direction of the Government and Prime Minister. The Prime Minister praised ministries, branches, units and localities with good results in disbursement of public investment capital; it is recommended that ministries, central agencies and localities with poor results in disbursement of public investment capital seriously review and learn from experience, analyze the causes, and clarify the collective and individual responsibilities involved, based on that drastically conduct solutions to improve the disbursement situation of its unit. Prime Minister Pham Minh Chinh assigned specific tasks to ministries, central agencies, and localities in promoting disbursement of public investment capital. Ministers, industry heads, and Chairmen of the provincial-level People's Committee to uphold the sense of responsibility and boost the role of leaders in leading, directing, and organizing implementation with the spirit of "just working, no backtracking"; regularly review, urge, and promptly detect and remove difficulties and problems arising from each project, especially key projects; beef up discipline and order, strengthen control and supervise; strictly handle investors, project management boards, contractors who intentionally cause difficulties, hinder the progress of capital delivery and disbursement... During the implementation process, it is necessary to closely follow the Party's resolutions, the leadership and direction of Party committees and authorities at all levels; while promoting discipline and the spirit of innovation; upholding the spirit of preventing and combating negativity and greed corruption, wastefulness... in carrying out assigned tasks.