Since the beginning of the year, the province's public investment disbursement work has continued to face numerous challenges adversely, affecting the progress of implementing key projects and local socio-economic development goals. To overcome the situation, the entire political system of the province is joining in, removing obstacles, and accelerating the disbursement progress.

The investor coordinating with relevant units to finalize and disburse investment capital for Cung Son embankment project, Son Hoa district

According to statistics from the Provincial People's Committee, by mid-May, the entire province had 10 agencies, units, and localities with a disbursement rate of public investment capital higher than the average of the province; 6 agencies, units, and localities with a disbursement rate lower than the average; 8 agencies, units, and localities without disbursement. The implementation of the public investment plan still faces certain shortcomings and limitations.

The Phu Yen Economic Zone Management Board is one of the units that are investing in many key projects of the province. Up to now, the unit has disbursed about VND 7.8 billion, reaching 2.58% of the assigned capital plan, lower than the general level of the province. According to Mr. Huynh Lu Tan, member of the Provincial Party Standing Committee, Head of the Phu Yen Economic Zone Management Board, the main reason for the low disbursement is due to the slow compensation and site clearance of some projects; especially some large projects, projects with large investment capital. Typically, the project of the traffic route from Bai Goc port (South Phu Yen Economic Zone) connecting National Highway 1 to Van Phong Economic Zone (Khanh Hoa province), the technical infrastructure project of the southern residential area in the new urban area of South Tuy Hoa city, etc. The Management Board has proposed that the Provincial People's Committee pay attention and continue to direct localities to urgently complete the compensation work and hand over the entire site of the projects.

Tuy Hoa city has been implementing about 70 projects related to site clearance. Mr. Cao Dinh Huy, Chairman of Tuy Hoa City People's Committee, said: In parallel with the work of arranging the new administrative apparatus, the city is determined to ensure site clearance. With a large volume of site clearance, the city has proactively arranged and implemented related procedures, prioritizing large and urgent projects according to the direction of the province as well as ensuring the committed progress for the remaining projects.

Promoting the allocation and disbursement of public investment capital is both urgent and strategic and is a key task to contribute to promoting growth, stabilizing the macro economy, ensuring major balances of the economy, contributing to the successful implementation of the goals and targets of the socio-economic development plan in 2025.

Prime Minister Pham Minh Chinh has requested to promote the role and responsibility of the head to promote public investment disbursement to reach 100% of the plan, considering the results of public investment disbursement as an important basis for assessing the level of task completion; simultaneously, build a database to measure the disbursement of public investment. “During the process of arranging and organizing the apparatus, ministries, branches and localities proactively adjust capital plans and legal documents in accordance with changes in administrative boundaries and decentralization, avoiding congestion when changing capital recipients, contract signing entities, investment decisions, etc.”, the Prime Minister noted.

In Phu Yen province, the Provincial Party Committee, People's Council and People's Committee have continuously issued urgent instructions and plans to accelerate the disbursement of public investment capital. Recently, the Chairman of the Provincial People's Committee issued an official dispatch requesting agencies and units to thoroughly grasp and clearly identify the task of promoting the disbursement of the 2025 public investment capital plan as one of the top key political tasks, which needs to be prioritized in leadership, direction and implementation at all levels, branches and localities of the province; Heads of localities and units are fully responsible to the PPC and the PPC Chairman for the results of the allocation and disbursement of public investment capital in 2025. Heads of agencies and units must promote responsibility, closely monitor, be specific, grasp the situation, clearly identify obstacles and causes of slow disbursement of each specific project to directly give out timely resolution according to their authority. In addition, it’s necessary to strengthen discipline, order, and strictly handle organizations and individuals who intentionally delay the progress of allocation and disbursement of public investment capital according to regulations.