(HBO) – In contrast to the low level of public investment capital disbursement in the past, in the first nine months of this year, Hoa Binh disbursed 62 percent of the total capital assigned by the Prime Minister this year, making the province one of the localities with highest disbursement ratio in the country. The result was attributable to the outstanding efforts of the provincial Party Committee and People’s Committee in leading and directing the work, which is considered one of the most important political tasks of the province in 2021.
Receiving timely investment, the project to connect the National Highway No.6 with Chi Lang Road of Hoa Binh city has been put into operation as scheduled.
This year, Hoa Binh is allocated 3.78 trillion VND (166.61 million USD) in public investment capital. The figure approved by the provincial People’s Council for the year is 4.08 trillion VND. As of September 30, Hoa Binh had assigned 4.03 trillion VND to projects, equivalent to 107 percent of the plan.
In the first months of 2021, the disbursement of public investment capital faced many difficulties and obstacles. In that context, the provincial People’s Committee rolled out drastic solutions to speed up the disbursement. The committee held regular meetings with investors of projects to explore difficulties facing them for timely solutions.
For projects that could not disburse the capital immediately or those that have completed without spending all the allocated capital, the provincial People’s Committee has made adjustments or cut down the capital for them and transfer the capital to other projects. From August 25 to September 30, the committee made five times of adjustments with total capital of 320.6 billion VND.
For projects using official development assistance (ODA) that cannot be implemented, the committee has submitted proposals to the Ministry of Planning and Investment and the Ministry of Finance on adjustments with total capital of 397.9 billion USD.
Commenting on the disbursement of public investment capital, Chairman of the provincial People’s Committee Bui Van Tinh underlined that as of September 30, Hoa Binh had been one of the top 11 localities nationwide in the ratio of disbursement. This reflects the effective directions and efforts to keep a close watch on the situation to give suitable solutions, as well as the high determination of the investors. However, the task in the rest of the year is tough, requiring more efforts to complete.
Local authorised agencies and localities should work harder, keep close watch of each project, strengthen supervision and inspection and settle difficulties and problems hindering the disbursement of the
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