Hai Phong City promotes the allocation and disbursement of public investment capital
- 207
- Business
- 00:30 08/05/2023
DNHN - The City People's Committee of Hai Phong has just issued a directive requesting the authorities to prioritize the implementation of key solutions to accelerate the disbursement of public investment capital in 2023 to address the slow disbursement

According to the expenditure control results of the State Treasury of Hai Phong City as of April 20, 2023, 18.63% of the capital allocated to the 2023 plan had been disbursed. (22 156,828 billion VND), or 30.8% of the plan assigned by the Prime Minister (13,403,337 billion VND). Three units have not yet been disbursed as part of the public investment plan for 2023: Hong Bang, Ngo Quyen, Le Chan, Hai An, Kien An, Do Son, Duong Kinh, An Lao, Kien Thuy, Tien Lang, Vinh Bao, and Bach Long Vi are the twelve localities with disbursement results of the 2023 public investment plan below the city's average disbursement rate.
Determining that accelerating the disbursement of public investment capital is both an urgent necessity and a crucial task to promote rapid and sustainable socio-economic development and to create a conducive environment for production, business, and operations. Regarding businesses, the City People's Committee. Hai Phong mandates that all levels and sectors rigorously implement essential solutions.
Consequently, requesting investors of public investment projects and projects utilizing ODA capital to actively and flexibly operate, strive to disburse 100 percent of the assigned public investment capital plan in 2023, along with ensuring the quality of works and the efficient use of public investment capital. Likewise, actively coordinate with localities to remove obstacles and difficulties in site clearance, particularly for city-wide projects of critical importance, to ensure project advancement.
Investors actively propose transferring capital from slow-disbursing projects to faster-disbursing projects that require additional capital. Utilizing appropriate forms of contractor selection, particularly online bidding, and selecting contractors with sufficient capacity and experience to complete bidding packages. In addition, choose an appropriate contract form by regulations so that contractors do not develop the mentality of awaiting price adjustments for package contracts.
In addition, investors in public investment projects must create detailed disbursement plans for each project and implement the plans strictly on a monthly and quarterly basis. Promote the use of information technology in the management, monitoring, and supervision of the progress of public investment projects, enhance the inspection and supervision of the construction site, eliminate bottlenecks in the disbursement of public investment capital, and urge contractors and consultants to expedite project construction.
For investors whose 2023 public investment plan disbursement results fall below the city average, the causes and responsibilities must be clarified. On this basis, to propose specific, drastic, and effective solutions to expedite the upcoming disbursement.
The City People's Committee of Hai Phong stated that there will be severe repercussions for actions that intentionally impede the progress of public investment capital allocation, implementation, and disbursement. Replacing cadres, civil servants, and public employees who are incompetent, stagnant, corrupt, and unfavorable; resolutely addressing negative acts in public investment management.
For the People's Committees of districts and districts assigned to be the project investor decided by the City People's Committee to invest, it is necessary to implement solutions to collect local budgets by the estimate for 2023, promptly. According to the public investment plan for 2023, capital sources will be allocated to projects.
Districts must immediately allocate in detail the entire investment plan for additional city budget capital with targets in 2023, ensuring that at least fifty percent of each district's public investment capital is allocated. projects invested by the City People's Committee or tasks assigned to the People's Committees of districts by the City People's Committee for investment decision-making. Specifically, the construction of a model new rural commune and new rural district, as well as defense works, the office of the commune police, a green park, a high school, and other tasks and initiatives.
In addition, districts concentrate on resolving and removing obstacles and difficulties in land clearance, compensation, resettlement support, and timely mass mobilization for City People's Committee-approved projects. Invest and deploy in localities to ensure the progress of project implementation, particularly of the city's key projects, by the law.
City Citizen Committee Hai Phong charged the Department of Finance with coordinating with the City Tax Department and the People's Committees of districts to promptly balance capital sources by the 2023 public investment plan so that capital-allocated projects have a source of disbursement. Actively advise the City People's Committee and urge the members of the Land Price List Appraisal Council to expedite the appraisal and approval of local land prices, serving both the site clearance of investment projects and assisting localities in expediting land auctions, thereby increasing revenue for development investment.
The Hai Phong State Treasury continues to facilitate the reduction of control and payment times for disbursement-eligible projects. Instruct and urge investors to promptly disburse funds for projects with adequate capital by their final settlement value.
P.V
Related news
- Rediscovering connection – a journey of discovery at LAMORI
- ShopeeFood and Grab dominate Vietnam’s food delivery market
- The ambitions of major enterprises in 2025
- Rice export prices expected to rebound soon due to limited supply
- Attracting investment in renewable energy – Driving the green economy
- Who are the two mysterious female tycoons holding 52 million HQC shares?
- GDP growth target for 2025: Aiming for a breakthrough pace
- “Green treasure” in the heart of the Mekong Delta
- Việt Nam sets import tariff quotas for salt and poultry eggs in 2025
- Brandnew e-commerce law to address policy gaps
- Bến Tre sets ambitious economic goals in 2025
- Chopin: The magical piano – Touching the heart and emotions of the audience
- The collaboration between Green power and Huawei: A major step in developing a 100MWp solar energy project
- VITA VINA: Where dreams of vocational study abroad take flight
- Green Power and Green Carbon Group sign cooperation agreement for development
- Vinpearl, Hoa Sen Group, Bim Group, and Thành Thành Công – Biên Hòa are the most favored employers
- “Imposing high taxes on short-term real estate purchases reduces market liquidity”
- The policies shaping the future of the United States
- Proposal to provide financial support for troubled BOT traffic projects
- Request to thoroughly resolve real estate issues and avoid "criminalization"
Đọc thêm Business
Rice export prices expected to rebound soon due to limited supply
The Vietnam Food Association (VFA) has forecasted that rice exports in 2025 will reach 7.5 million tons. The rice market is currently at its lowest point, but it is anticipated that importers will soon ramp up purchases, driving prices upward.
GDP growth target for 2025: Aiming for a breakthrough pace
According to the proposal, Vietnam's national GDP growth target for 2025 must reach at least 8%, laying a solid foundation for achieving double-digit growth rates.
Economic expert Võ Trí Thành assessed: President Donald Trump’s new trade policy will impact Vietnam
According to Dr. Võ Trí Thành, Director of the Institute for Brand and Competitive Strategy Research, Donald Trump’s new trade policy will have significant effects on Vietnam’s economy. He also provides strategic recommendations for businesses.
Vietnam's market advantage: Investment opportunities in a new context
Balancing interests, striving for a 7.5% GDP growth, enhancing international cooperation, promoting technological innovation, and developing appropriate foreign policies are the "keys" for the nation and businesses to overcome challenges.
Việt Nam sets import tariff quotas for salt and poultry eggs in 2025
The Ministry of Industry and Trade has announced import tariff quotas for salt and poultry eggs for 2025, aiming to meet domestic production and consumption needs.
Brandnew e-commerce law to address policy gaps
The proposed law seeks to address gaps in existing regulations and keep pace with technological advancements and evolving business models.
Bến Tre sets ambitious economic goals in 2025
The southern province of Bến Tre eyes ambitious goals to develop its industrial sectors, increase investment, and improve the business environment.
The collaboration between Green power and Huawei: A major step in developing a 100MWp solar energy project
On January 13, 2025, a significant milestone in the clean energy sector was achieved as Green Power Company (Vietnam) and Huawei Group (China) officially signed a Memorandum of Understanding (MOU).
Green Power and Green Carbon Group sign cooperation agreement for development
On January 2, 2025, the collaboration between Vietnam-based Global Green Power and Green Carbon Group marks a testament to continuous efforts in promoting sustainable development through the application of green technology.
Korean businesses wants to import agricultural and seafood products from Ca Mau
Korean businesses have expressed a desire to import agricultural and seafood products from Vietnam, while also researching and developing cosmetics and pharmaceuticals from the unique ingredients of Ca Mau.