The public investment assigned to the transport ministry in 2023 was the largest ever. (Photo: kinhtedothi.vn) The National Assembly approved the public investment plan with atotal capital of over 700 trillion VND (29.85 billion USD) in 2023, 140trillion VND higher than the plan in 2022 and 260 trillion VND higher than2021.
At the Government’s monthly meeting last week, Prime Minister PhamMinh Chinh called for management to be enhanced to speed up the progress ofmajor projects, especially key traffic works.
“The disbursement of public investment must be accelerated fromthe beginning of the year,” he stressed, adding that the focus must be on theproject preparation works and capital allocation.
Agencies and localities were also gearing up for the disbursementof public investment.
Hanoi and Ho Chi Minh City - the country's economic locomotives -recorded the highest disbursement of public investment capital in January, withnearly 2.7 trillion VND and more than 1.63 trillion VND, respectively,according to the General Statistics Office.
In January, an estimated 27 trillion VND from the State budget wasdisbursed, including 4.2 trillion VND managed by the State, or 3.1% of theannual plan and up 15.7% compared to the same period last year.
The remainder was managed by local authorities, equivalent to 4.2%of the annual plan and a rise of 1.2% over 2022.
According to the Ministry of Finance report, public investmentdisbursement totalled 529.28 trillion VND in 2022, meeting 80.63% of the plan.
Thirteen ministries, centrally-run agencies and 20 localitiesrecorded disbursement rates of over 90%.
Transport ministry prepares for the highest-ever public investment
Minister of Transport Nguyen Van Thang has issued a directive onspeeding up the progress of pubic investment disbursement in 2023.
The public investment assigned to the transport ministry in 2023was the largest ever, totalling 94.161 trillion VND, 2.2 times higher thanin 2021 and 1.7 times higher than in 2022.
He urged increased efforts to meet the schedule and ensure theproject's quality in the disbursement of public investment, together withtransparency and preventing loss and waste during the implementation process.
Ensuring quality was the priority, Thang said: “Specialattention must be paid to ensuring the quality of the projects with qualityconsidered a top priority right from the stage of investment preparation.”
Regular reviews and updates must be carried out to promptly detectproblems in the implementation and timely raise handling measures.
Capital from stagnant and inefficient projects must be transferredto projects with good disbursement rates and were in capital shortage.
Inspection must be strengthened, especially on key projects andprojects under the socio-economic recovery and development programme,including projects of the North-South Expressway, My Thuan – Can ThoExpressway, Bien Hoa – Vung Tau Expressway, Khanh Hoa – Buon Ma ThuotExpressway and Dai Ngai Bridge.
The ministry would work with relevant ministries, agencies andlocalities to remove difficulties in land clearance and supply sources of rawmaterials./.
VNA
