Nghe An disburses public investment capital above the national average.
On the morning of September 17, the Government held a national conference to promote public investment in 2025 in both direct and online formats. This is the third meeting of the Government with ministries, branches and localities on this content this year.
Comrade Pham Minh Chinh - Politburo member, Prime Minister chaired at the Government bridge point. Co-chaired was Comrade Ho Duc Phoc - Member of the Party Central Committee, Deputy Prime Minister.
At Nghe An bridge, comrade Le Hong Vinh - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee chaired. Co-chairing were comrade Hoang Phu Hien - Member of the Provincial Party Executive Committee, Vice Chairman of the Provincial People's Committee and leaders of relevant departments and branches.
.jpg)
"Seed capital" promotes growth
2025 is the year of acceleration, completing the implementation of the 5-year socio-economic development plan and the medium-term public investment plan for the 2021-2025 period. The Government sets a growth target of 8.3 - 8.5%.
In particular, public investment capital plays the role of "seed capital" leading social investment, strongly attracting private investment and FDI, promoting production and business, creating jobs and ensuring social security, which is considered an important driving force to ensure growth targets.
In Nghe An, this year, the province was assigned a public investment plan of 10,003.9 billion VND from the beginning of the year. This year, the province continued to receive an additional 111.6 billion VND in capital for the national target program and 100 billion VND to serve the investment preparation phase of the Vinh - Thanh Thuy expressway project.
Regarding the capital allocated from the beginning of the year, the province has allocated 9,985 billion VND, reaching 99.8%; only 18.2 billion VND of national target program capital is no longer needed, the Provincial People's Committee has issued a document requesting to return it to the central budget.
With the additional capital of 111.6 billion VND, the Provincial People's Committee has completed the first allocation plan to submit to the Provincial People's Council for consideration. Regarding the capital for the Vinh - Thanh Thuy Expressway, the Provincial People's Committee has announced the capital source and assigned the Department of Construction to complete the documents and procedures as the basis for allocation.
In the context of implementing a two-level local government, Nghe An has completed the review of all projects previously managed by the district level, issued decisions assigning specific investor tasks for units to hand over, receive and continue implementation.
According to the Ministry of Finance's report, by August 31, Nghe An estimated disbursement of VND5,941 billion, reaching 58.2% of the plan. This rate is higher than the national average (46.3%), placing Nghe An 11th among provinces and cities and in the group of 22 localities with disbursement results at an average level or higher.
Nationwide, as of August 31, the total disbursed capital is estimated at VND 409,174 billion, equal to 46.3% of the plan assigned by the Prime Minister, higher than the same period in 2024 (40.4%).
Transfer capital from slow-moving projects to projects with good disbursement potential
Concluding the conference, Prime Minister Pham Minh Chinh acknowledged and commended ministries, central agencies and localities with high capital disbursement rates; at the same time, severely criticized units with disbursement rates below the national average; requested to review and clarify the responsibilities of relevant collectives and individuals, on that basis, propose specific solutions to speed up progress in the coming time.
In 2025, the total public investment plan is assigned at the highest level in history, along with the disbursement target of 100%. This places great demands on investors.
To implement successfully, ministries, branches and localities need to promote high determination, make great efforts, take drastic, proactive, creative and positive actions. The implementation must be closely linked to the spirit of "6 clear": clear people, clear work, clear time, clear responsibility, clear products, clear authority.
The Head of Government emphasized the need for Ministers, Heads of sectors, Chairmen of People's Committees of provinces and cities to uphold their sense of responsibility, promote their leadership role, "only discuss work, not retreat"; regularly review, urge, and remove obstacles; specify responsibilities to each individual; consider disbursement results as an important criterion to evaluate the level of completion of annual tasks.
The Prime Minister directed to urgently allocate details of the entire public investment plan for 2025; review and classify projects according to disbursement progress: Good, slow, unable to disburse; build progress by month and quarter; at the same time, transfer capital from slow projects to projects with good disbursement capacity and in need of additional funding.
The Prime Minister requested that it is necessary to resolutely carry out site clearance; strictly handle investors, project management boards, and contractors who deliberately delay progress; at the same time, focus on removing obstacles in the supply of construction materials, especially for key transport infrastructure projects and important national projects.
.jpg)
The head of the Government also requested to promote the role of 8 working groups of Government leaders in urging and removing difficulties for production, business, infrastructure construction, promoting growth and accelerating disbursement of public investment capital, together with working groups at ministries, branches and localities.
