Ninh Binh works to speed up public investment disbursement

According to the Ministry of Planning and Investment, a total of 253.14 trillion VND (10.5 billion USD) of public investment had been disbursed by September 30, equivalent to 46.70% of the plan set by the Prime Minister, and representing a slight drop from the same period last year.

By the end of September, Ninh Binh had disbursed over 3.92 trillion VND (163 million USD), accounting for 77.6% of the yearly plan assigned by the PM. Ninh Binh ranked among the top 10 provinces and centrally-run cities having the high rate of public capital disbursement. In September, it ranked in the top 5.

The outcomes were attributed to Ninh Binh's efforts in implementing the plan on public investment disbursement in line with legal procedures.

The plan was built in accordance with the capacity of mobilising resources  and the capital was distributed reasonably.

The province has also closely monitored, steered and promptly removed difficulties and hindrances during the implementation of projects.

Investors have basically complied all documents issued by the provincial People's Committee on checking and accepting, and paying for completed works in 2022. They focused on completing procedures of payment, and speding up the progress of disbursement.

Projects were only submitted and approved by the provincial People's Committee within its jurisdiction and after capital sources were defined.

At the same time, local administrations, sectors and investors have strictly implemented measures to speed up public capital disbursement in combination with increasing state management of capital sources.

In an attempt to fulfill the target of reaching at least 95% of public capital disbursement in 2022, Ninh Binh has  continued to ask administrations at all levels, sectors and investors to raise their sense of responsibility in managing public investment projects.

Localities were requested to review the progress of their current projects in a bid to disburse their assigned capital, especially paying more attention to projects invested by each locality.

The provincial People's Committee established a working group to speed up the progress and disbursement of capital for projects in the province in 2022. The 13-strong team was headed by the Chairman of the provincial People's Committee.

The group is assigned to solve matters related to the progress,  quality, and disbursement of investment for projects in the province, in a bid to fulfill the target of capital disbursement in 2022.

It will also suggest strict punishments against heads of units and investors who show slow disbursement or fail to fully disburse the allocated capital and do not report and propose the shift of capital to other projects.

Translated by Nguyen Thuy