Disbursement of public investment capital must ensure the quality of works
- 174
- Business
- 23:04 19/05/2023
DNHN - Vice-Prime Minister Le Minh Khai demanded that investors, project management boards, organizations, and individuals who intentionally impede or impede progress be punished severely.
The Government Office has just released Notice 184/TB-VPCP, dated 17 May 2023, regarding the conclusion of Deputy Prime Minister Le Minh Khai, Head of Working Group No. 1, regarding inspecting, urging, and eliminating obstacles. At an online conference with five locales, difficulties and roadblocks related to accelerating the disbursement of public investment capital in 2023 were discussed.
Consequently, the online conference was presided over by Deputy Prime Minister Le Minh Khai, Head of Working Group No. 1 on inspecting, urging, removing difficulties and obstacles, and accelerating the disbursement of public investment capital in 2023. route with 05 localities: Ho Chi Minh City, Soc Trang, Tra Vinh, An Giang, and Vinh Long.
During the conference, the Deputy Prime Minister lauded and acknowledged the local government's leadership and direction in implementing the Government's and Prime Minister's guidelines and directives on accelerating capital expenditures. federal government's Invest. The total amount of public investment capital from the state budget in 2023 allocated to the five aforementioned localities is relatively large (more than 92 trillion VND), constituting more than 10% of the total amount of public investment capital in the country in 2023. The disbursement rate of public investment capital by the end of the first quarter of 2023 is still below the national average, even though localities have exerted considerable effort without achieving the desired results.
The ministries and localities have provided the following explanations for the slow disbursement: Investment preparation and project preparation are inadequate, resulting in the project's ineligibility for capital allocation; procedures for approving investment policies and approving investment projects take a long time, particularly procedures for design approval, bidding, and site clearance; The update, review, and announcement of construction material prices and construction price indexes have not reflected market changes promptly. As a result, fuel and construction material prices have increased, resulting in increased business expenses. Negatively impact construction investment; difficulties in compensation and site clearance are slowed by problems in land price determination, compensation, support, and resettlement plans, overlap in land use planning and construction planning, sector planning, and sector planning... Due to the lengthy time required for project proposal formulation to implementation, procedures for extending the Agreement, and adjustments to investment policies and projects, the disbursement of foreign capital projects is slow. take time. Some consulting contractors' capacity is still inadequate, resulting in subpar consulting work and dossiers.
Accelerate the disbursement of public investment capital from now until the end of 2023, thereby contributing to economic growth in the context of a world and domestic situation fraught with numerous difficulties and challenges, thereby creating jobs and worker incomes. The Deputy Prime Minister instructed the ministries, branches, and localities to closely observe and vigorously implement the effective implementation of the Government's Resolutions and the Prime Minister's directing documents regarding the acceleration of the allocation and resolution of administrative violations. public investment budget, three national target programs in 2023, implementing the program of socio-economic recovery and development, specifically: Directive No. 08/CT-TTg dated March 23, 2023, Dispatch No. 71/CD-TTg dated February 23, 2023, Dispatch No. 123/CD-TTg dated March 10, 2023, aiming to reach the disbursement target of 95%-100% of the capital plan in 2023.
Chairmen of People's Committees of provinces and cities uphold the sense of responsibility of leaders in allocating and disbursing public investment capital; promote the role of officials, clearly assign tasks, clearly identify people, work, progress, and quality of work, and check, supervise, and urge the implementation. Assign leaders of the Provincial People's Committee to be directly in charge of each specific project group to monitor, urge, and swiftly remove obstacles, as well as accelerate the implementation and distribution of public investment capital.
The Deputy Prime Minister requested that it be determined that accelerating the disbursement of public investment capital is a significant political task for 2023, with a focus on thoroughly overcoming the subjective factors that impede the progress of project implementation. The disbursement of public investment capital serves as the basis for evaluating, rewarding, fostering, and promoting officials, as well as handling cases in which organizations and individuals are unable to complete the disbursement task by 2023. subjective.
Accelerating disbursement coincides with ensuring the quality of the work and making efficient use of public investment capital. To ensure full disbursement of the allocated capital, increase discipline and discipline in the disbursement of public investment capital, immediately and proactively review and evaluate the disbursement ability of each project, and have the plan to adjust the capital plan from projects that are slow to disburse to a well-disbursed project that lacks internal capital in the locality.
The Deputy Prime Minister demanded that the project investment preparation and investment implementation be carried out early to include in the plan the following: site clearance, relocation of related technical infrastructure works, bidding, contractor selection, contract assignment, the capacity of project management boards, etc.
At the same time, there are sanctions to strictly handle investors, project management boards, organizations, and individuals who intentionally impede, obstruct, and irresponsibly slow down the progress of capital allocation, capital adjustment, implementation project implementation, and disbursement of public investment capital; promptly replace cadres, civil servants, and public employees who are weak in capacity, stagnant, corrupt, and negative; and resolutely handle those who are negative.
Previously, on May 14, the Government's Working Group No. 5, led by Minister of Finance Ho Duc Phuoc, inspected and worked directly with Dong Nai province; concurrently, work online with the provinces of Binh Duong, Gia Lai, Phu Yen, and Binh Dinh to inspect, urge, remove difficulties and obstacles, and expedite disbursement of public investment capital in 2023.
Minister Ho Duc Phuc suggested that provincial leaders concentrate on resolving the problem of the economy's aggregate demand. Solving bottlenecks and administrative procedures for the development of private investment; increasing the disbursement of public investment; focusing on removing obstacles for businesses to promote growth.
P.V (t/h)
Related news
- Practical applications of carbon credits in the economy. Part XXI:Carboncor Asphalt - An effective solution for Vietnam to achieve net zero emissions
- Ho Chi Minh City allocated funding to support small and medium enterprises in digital transformation
- Real estate businesses and macroeconomic challenges
- VINASME and VISA collaborated to promote financial solutions for small and medium-sized enterprises
- Vietnamese brands reaching international markets
- Hòa Phát Group leaders receive major pay hike during steel market crisis
- Apartment prices continue to rise far beyond workers' incomes
- Ho Chi Minh City: Economic recovery, yet the number of businesses exiting the market remains high
- General Secretary and President Tô Lâm: "Although it is a small and medium-sized business community, it is very large..."
- Practical applications of carbon credits in the economy. Part XI: Bridging policy and strategy for the carbon credit market
- Vietnamese users pay special attention to security when using OTT applications
- Is the gold price stabilization policy truly effective?
- Yen Bai: Implementing the plan to manage and eliminate ozone-depleting substances and greenhouse gases
- FPT's strategic expansion in Japan
- Mastering Real Estate Business Law to be ready for the next growth cycle
- The Vietnam Association of Small and Medium Enterprises honors an audience with the General Secretary and President Tô Lâm
- Practical applications of carbon credits in the economy. Part XIX: Training human resources - A strategic and urgent task for the carbon credit market
- Dr. Tran Xuan Luong: Real estate businesses lacking resources will be eliminated from the game
- "Vietnam's startup ecosystem in 2024 remains on a path of promising development"
- Export-import credit is entering a “busy season”
Đọc thêm Business
Dongtam Group partners with CS Wind Corp to build a wind power equipment factory
Dong Tam Group (DTG) and CS Wind Corporation (CS WIND) have officially signed a Memorandum of Understanding (MOU).
Young entrepreneurs innovating but must ensure stable business foundations
"The world is undergoing significant changes, bringing both opportunities and challenges for businesses, especially in fields such as artificial intelligence, international trade, and investment"
Why is Vietnam always attractive to foreign businesses?
Vietnam attracts foreign businesses thanks to its favorable investment environment, abundant labor, and competitive costs. Open-door policies and free trade agreements also enhance the country's appeal to global investors.
Apartment prices continue to rise far beyond workers' incomes
Apartment prices continue to rise sharply, increasingly out of reach for workers' incomes. This gap not only creates significant financial pressure but also makes homeownership increasingly difficult for the majority of people.
The stock market faces increasing selling pressure, VN-Index sank into the red
The strong selling pressure across the market, especially in the blue-chip stocks, has caused the VN-Index to drop sharply, even falling below the 1,270-point mark at times.
VREC and HREC create opportunities for member businesses to connect with Nippon Paint Vietnam
Recently, at the headquarters of Nippon Paint Vietnam, the Vietnam Real Estate Club (VREC) and the Ho Chi Minh City Real Estate Club (HREC) successfully organized a networking event for member businesses.
Cash flow real estate: New investment trend in 2024
Cash flow real estate has become an investment trend in 2024 due to its stable profitability from leasing and business operations. Interest in this type of real estate demonstrates the demand for sustainable profits in an uncertain economic context.
Is the gold price stabilization policy truly effective?
Dr. Bùi Duy Tùng, an Economics lecturer at RMIT University, assesses the pros and cons of the gold price stabilization policies implemented by the State Bank of Vietnam (SBV) in recent times.
Why is there a need for a development proposal in the field of cultural industries?
In the context of globalization and the booming creative economy, cultural industries are increasingly important in national development strategies. Vietnam needs a development proposal in this field to tap into its potential.
Mastering Real Estate Business Law to be ready for the next growth cycle
In the context of the changing real estate market alongside new legal regulations, understanding the Real Estate Business Law is a crucial factor for businesses and investors to seize opportunities and prepare well for the new cycle.