Currently, the disbursement rate of public investment capital at the provincial and district levels is lower than the same period last year. The last months of the year will be an appropriate time for all levels, sectors, and investors to promote capital disbursement, contributing to ensuring the province's economic growth in 2024 above double digits.

The total public investment plan for 2024 of the province after being adjusted at the 22nd Session is over 12,000 billion VND. Of which, the central budget is over 510 billion VND; the provincial budget is over 3,650 billion VND; the district budget is over 7,870 billion VND. With the capital sources just adjusted, up to now, the disbursement rate of public investment capital in the province has reached 41.6% of the plan, lower than the same period in 2023 (44.6%). Of which, the central budget has disbursed 53.3% of the plan; the provincial budget has disbursed 38.8% of the plan; the district budget has disbursed 42% of the plan.

The disbursement rate of these capital sources did not meet expectations and plans. Currently, there are 14 investors with disbursement rates higher than the provincial average (41.6%); the remaining 8 investors have disbursement rates lower than the provincial average, including: Provincial People's Procuracy 29.8%, Management Board of Investment Projects for Construction of Agricultural and Rural Development Works 7.9%, Management Board of Investment Projects for Construction of Traffic Works of the province 20.7%, Provincial Police 27.4%, Provincial Military Command 17.5%, Ha Long City 31.2%, Cam Pha City 4.5%, Dong Trieu City 40%.

Regarding provincial budget capital, in addition to the capital source for settlement of completed projects ensuring progress, the remaining capital source for transitional and newly started projects has a very low disbursement rate. For 28 transitional projects in 2024, only over 1,000 billion VND has been disbursed so far. Although they are a group of transitional projects, 14/28 projects have a disbursement rate lower than the average of the whole province, of which some projects have large capital plans but very low disbursement, such as: Riverside road connecting from Ha Long - Hai Phong expressway to Dong Trieu, section from Provincial Road 338 to Dong Trieu City (phase 1); renovation and upgrading of National Highway 279 from Km0+00 to Km8+600; headquarters of the Provincial Communications Center.

For 16 newly started projects, the capital plan has allocated over 2,500 billion VND, but has only been disbursed so far.   over 210 billion VND, reaching 8.5% of the plan. Excluding the 5 projects supplementing the capital plan at the July 2024 meeting of the Provincial People's Council, so far only 5 projects have started construction, the remaining 1 project has completed the contractor selection, 2 projects are bidding for construction, the remaining 3 projects have approved the contractor selection plan, are in the process of implementation, expected to start construction in the fourth quarter of 2024.

With the disbursement results up to the end of October 2024, the remaining capital to be disbursed in the last 2 months of 2024 and January 2025 is about 6,000 billion VND, with an average disbursement of 2,000 billion VND/month. This is an extremely difficult task, requiring all levels, sectors, and investors of the province to make every effort.

Implementing the Prime Minister's Official Dispatch No. 104/CD-TTg (dated October 8, 2024) on urging the acceleration of disbursement of public investment capital in the last months of 2024, the Provincial People's Committee has directed investors, departments, branches and localities of the province to closely follow their tasks, functions and powers to preside over the removal of difficulties and obstacles regarding land, resources, filling materials, conversion of land use purposes... and the Chairmen of the People's Committees of Ha Long, Cam Pha and Quang Yen localities are assigned the task of site clearance to serve the province's key projects, to check the progress and level of resolution of problems that have existed since the beginning of 2024 but by the end of October 2024, have not been resolved, affecting the disbursement progress of the projects.

Localities focus on accelerating the progress of local budget collection, maximizing revenue sources to offset the shortfall in land use fees, ensuring the highest public investment plan in 2024, especially Ha Long City, a unit with a large capital plan, the city's disbursement results affect the disbursement results of the whole province in 2024. Disbursement of public investment capital must ensure substance, not abuse contract advances; strictly manage contract advances in accordance with the regulations and instructions of the Provincial People's Committee in Official Dispatch No. 2023/UBND-GTCN&XD dated July 26, 2024.

Departments, branches, sectors, investors, and local People's Committees should strengthen training and fostering to improve the capacity of cadres and civil servants in public investment management; promote the spirit of initiative, creativity, self-reliance, self-reliance, not waiting, relying on others, and not being too cautious or afraid of responsibility; encourage and protect those who dare to think, dare to do, dare to take responsibility for the common good; promptly replace cadres and civil servants who are weak in capacity, stagnant, evasive, or shirk responsibility.

In particular, the Provincial People's Committee requires heads of departments, branches, localities, and investors assigned capital sources to take full responsibility for the quality of construction contractors, absolutely not to allow violations of construction quality, not to allow corruption, negativity, waste or loss of assets and state budget in the implementation of investment projects. Regularly review and inspect the site, promptly replace contractors with weak capacity; resolutely not to let collusion and bidding occur; coordinate and closely follow the competent authorities to resolve administrative procedure problems, resolutely deploy all measures to accelerate the disbursement of public investment capital in the last months of 2024.

According to calculations by the Department of Planning and Investment, it is expected that by the end of 2024, the disbursement rate of public investment capital in the province will reach about 95% of the adjusted capital plan, contributing to the maximum economic growth of the province in 2024.