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Accelerating the disbursement of public investment capital in 2025

As of March 31, the disbursement of public investment capital in Thai Nguyen Province reached 15.4% of the capital plan allocated by the Provincial People’s Council. In which, 9 units have not yet disbursed any funds, while 7 units have disbursed but achieved results below the provincial average. To accelerate the disbursement of public investment capital in 2025, the Chairman of the Provincial People’s Committee has directed departments, agencies and localities to focus on key tasks.

The construction project of 16-classroom building and administrative office at Luong Ngoc Quyen High School is nearing completion and is undergoing inspection and final settlement (photo taken on February 22, 2025)

Departments, agencies, People’s Committees of districts and cities and investors are required to strictly implement the directives of the Provincial People’s Committee as outlined in Directive No. 04/CT-UBND dated February 7, 2025 on key tasks and solutions to promote the allocation and disbursement of public investment capital in 2025; Plan No. 32/KH-UBND dated February 18, 2025 on detailing the disbursement of tasks, programs and projects by funding source for 2025; and Document No. 1855/UBND-TH dated March 25, 2025 on reports on the progress of public investment capital disbursement and preparations for the working group tasked with inspecting, urging and resolving difficulties to accelerate disbursement in 2025. Specifically, from now to June 30, 2025, investors and People’s Committees of districts and cities are required to ensure a minimum disbursement of 50%, striving for 70% for newly started projects and a minimum of 60%, striving for 80% for ongoing (transitional) projects.

Heads of departments, agencies, units, localities and investors must uphold a strong sense of responsibility, stay closely involved, understand the situation thoroughly, clearly identify specific obstacles and reasons for delays in each project and directly address them within their authority. Issues beyond their authority must be reported to the competent authorities.

The infrastructure construction project of Song Cong II Industrial Park with an area of 250 hectares belonging to the group of projects undergoing investment, construction and bidding procedures

For the group of projects still completing investment, construction and bidding procedures: Investors are required to urgently carry out procedures for project approval, construction design approval and contractor selection in accordance with regulations, along with other necessary procedures to begin construction as soon as possible. The Department of Construction shall guide and coordinate with investors to carry out procedures for project and design approval in compliance with regulations and timelines for appraisal and submission.

For the group of completed projects undergoing acceptance and final settlement: Investors are required to promptly conduct acceptance procedures and put the projects into use (including preparing and submitting final settlements in accordance with deadlines and regulatory requirements). The Department of Construction and the Department of Finance shall provide guidance and coordinate with investors to carry out the acceptance and settlement processes as required.

For the group of projects under construction and those involving compensation, support and resettlement: The Management Board of Transport and Agriculture Construction Investment Projects, the Management Board of Civil and Industrial Construction Investment Projects and investors are required to urge contractors to mobilize additional manpower and machinery, work extra shifts and increase crews to accelerate project progress, ensuring the disbursement of allocated capital plans. Strict penalties must be enforced for contractors violating contract terms, if any. Thai Nguyen Power Company is tasked with collaborating with investors to expedite the relocation of power line systems.

Projects of Quang Vinh 1 Bridge, Quang Vinh 2 Bridge and road system connecting Dong Bam and Quang Vinh wards with Cao Ngan commune, Thai Nguyen city belonging to the group of projects currently implementing compensation, support and resettlement activities.

For the group of projects currently implementing compensation, support and resettlement: The People’s Committees of districts and cities are required to closely coordinate with investors in carrying out compensation, support and resettlement activities; expedite the investment and construction of resettlement areas; and urgently conduct declarations, surveys and approvals of land clearance compensation plans. They must also strengthen collaboration with investors to encourage public consensus on these plans. The Department of Agriculture and Environment is tasked with compiling and promptly guiding localities on issues related to compensation and resettlement mechanisms and policies, including the determination of compensation prices and the timing of such valuations in accordance with legal regulations. Any unresolved issues must be reported promptly to the Provincial People’s Committee.

For the group of projects in the investment preparation phase: The Department of Construction and the Management Board of Civil and Industrial Construction Investment Projects are urged to swiftly complete pre-feasibility study reports and propose investment policies for projects in accordance with regulations.

The Chairman of the Provincial People's Committee also directed investors to urgently disburse 100% of the capital for projects that the Provincial People’s Committee has approved for extended implementation periods. The Department of Finance is tasked with researching and advising on the allocation of funds for projects not approved for extension and disbursement. It must also coordinate with investors to promptly review progress, implementation capacity and disbursement status to propose the reallocation of funds from projects with low disbursement or no further funding needs to those with high disbursement rates and requirements for additional capital.

Thanh Mai
thainguyen.gov.vn