Nghe An: Progress of public investment disbursement remains slow

On the morning of May 25, the People's Committee of Nghe An province held a regular meeting for May under the chairmanship of Mr. Nguyen Duc Trung - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee. Photo: Pham Bang

In May 2021, all levels and sectors will focus on preparing well for the election.The 15th National Assembly and People's Councils at all levels for the 2021-2026 term took place on May 23.

On May 6, the first case of Covid-19 infection was recorded in the community, the whole province focused on the prevention and control of Covid-19. And up to this point, the province has not recorded a second positive case in the community, all test samples of people related to the cases and outbreaks have returned negative results.

Leaders of departments and branches attended the meeting. Photo: Pham Bang

On economic development,The spring rice crop was a bumper crop in the entire cultivated area; rice yield was estimated at 67.76 quintals/ha, an increase of 1.25 quintals/ha over the same period last year. The industrial production development index in May 2021 is estimated to increase by 24.08% over the same period in 2020. Total retail sales of goods in May are estimated at VND 5,287 billion, an increase of 4.43%.

Although it has been the 5th month, as of May 18, the disbursement of public investment capital managed by the province has only reached 13.01% of the assigned plan; there are still 7 localities with a disbursement rate of less than 10%; 5 departments and branches have a disbursement rate of 0%.

Mr. Nguyen Van De - Director of the Department of Agriculture and Rural Development reported the results of the agricultural sector. Photo: Pham Bang

According to the Department of Planning and Investment, the reason for the slow disbursement of public investment capital is due to the implementation of bidding procedures for new packages, problems with site clearance, the implementation period has been extended, the project has been adjusted, and final settlement procedures are being carried out...

Despite the impact of the Covid-19 pandemic, the province has still promoted investment attraction in many forms. As of May 15, the province has granted new licenses to 35 projects and adjusted 47 projects; the total newly granted and increased investment capital is 7,567.14 billion VND. Compared to the same period in 2020, the number of projects increased by 13% and the registered capital increased by 2.33 times.

State budget revenue in the first 5 months of 2021 is estimated at VND 7,591.98 billion, reaching 54.1% of the estimate, up 22.9% over the same period in 2020. Of which, revenue from import and export activities is estimated at VND 758.1 billion, reaching 60.6% of the estimate, up 79.5% over the same period.

Mr. Pham Van Hoa - Director of the Department of Industry and Trade spoke at the meeting. Photo: Pham Bang

The Department of Planning and Investment advised the Provincial People's Committee on 9 key tasks and solutions in May and the following months. In particular, continuing to focus on directing the work of preventing and fighting the Covid-19 pandemic; Focusing on removing difficulties, boosting production and business; Promoting the progress of implementation and disbursement of public investment capital in 2021, especially key projects; Continuing to strongly improve the investment and business environment; strengthening foreign affairs activities, investment promotion; supporting and developing businesses...

Chairman of the Provincial People's Committee Nguyen Duc Trung said that the progress of disbursement of public investment capital up to this point is slow and asked departments and branches to explain the reasons for the delay. In the complicated developments of the Covid-19 pandemic, disbursement of public investment capital is an important lever to restore and develop the economy./.