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		<h1>Disbursed nearly 45% of public investment capital</h1>
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			<li>Tuesday - 11/01/2022 10:47</li>
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			<div class="ExternalClass94AC1811E2A74D30ACC4244355BC5C59"><p>​</p>
<h1 style="margin&#58;0in 0in 0.0001pt;line-height&#58;25.6px;text-align&#58;justify;"><span style="font-size&#58;8pt;line-height&#58;12.8px;font-family&#58;verdana, &#039;sans-serif&#039;;color&#58;windowtext;font-weight&#58;normal;">On&#160;December&#160;2, Vice Chairman of the Provincial People&#039;s Committee Vo Tan Duc chaired an online meeting with departments, agencies and localities in the province on the disbursement of public investment capital in 2021.</span></h1></div></br><div class="ExternalClass093B66BFF8474ECE852FBE11E135B004"><p style="text-align&#58;center;"><img src="https://dongnai.gov.vn/uploads/binhphuoc/news/2022/08/25084.a17.jpg" alt="a17.jpg" style="margin&#58;5px;width&#58;600px;height&#58;344px;" /><br /><span style="font-size&#58;8pt;">​</span><strong style="font-size&#58;8pt;"><span style="font-size&#58;8pt;line-height&#58;120%;font-family&#58;verdana, &#039;sans-serif&#039;;font-weight&#58;normal;">Vice Chairman of the Provincial People&#039;s Committee
Vo Tan Duc delivered a conclusion speech at the meeting</span></strong><br /></p>
<p style="text-align&#58;center;"></p>
<div>

</div>
<p style="margin&#58;0in 0in 0.0001pt;line-height&#58;120%;background-image&#58;initial;background-position&#58;initial;background-repeat&#58;initial;background-attachment&#58;initial;text-align&#58;justify;"><span style="font-size&#58;8pt;line-height&#58;120%;font-family&#58;verdana, &#039;sans-serif&#039;;">According to the Department of Planning and Investment,
the total public investment capital in the province in 2021 after adjustment is
more than VND24.4 trillion. As of November 30, Dong Nai has disbursed nearly VND11
trillion of capital, reaching nearly 45% of the 2021 capital plan, and the full
year disbursement is estimated to reach more than 66% of the plan. In which,
the average disbursement rate of provincial budget projects is more than 53%;
The average disbursement rate of district-level capital assigned the plan
target is more than 58%. In general, the disbursement of public investment
capital in the province is still low. In which, for the current provincial
budget capital, there are still 5 units that have not yet disbursed capital.</span></p>
<div style="text-align&#58;justify;">

</div>
<p style="margin&#58;0in 0in 0.0001pt;line-height&#58;120%;background-image&#58;initial;background-position&#58;initial;background-repeat&#58;initial;background-attachment&#58;initial;text-align&#58;justify;"><span style="font-size&#58;8pt;line-height&#58;120%;font-family&#58;verdana, &#039;sans-serif&#039;;">Assessing the cause of the slow disbursement of public
investment capital, the Department of Planning and Investment said that
objectively, in 2021, the complicated development of the Covid-19 epidemic has
greatly affected the disbursement progress of the public investment capital.
Along with that, 2021 is the year of implementing the medium-term public
investment capital plan for the 2021-2025 period, so the allocation of capital
is slower, so the disbursement volume is not high.</span></p>
<div style="text-align&#58;justify;">

</div>
<p style="margin&#58;0in 0in 0.0001pt;line-height&#58;120%;background-image&#58;initial;background-position&#58;initial;background-repeat&#58;initial;background-attachment&#58;initial;text-align&#58;justify;"><span style="font-size&#58;8pt;line-height&#58;120%;font-family&#58;verdana, &#039;sans-serif&#039;;">However, the main reasons leading to the slow
disbursement of public investment capital over the past time are still
subjective reasons such as&#58; investors and consulting contractors are slow to
prepare project documents; the dossier appraisal process has not met the
requirements and must be revised many times; compensation, site clearance is conducted
slowly.</span></p>
<div style="text-align&#58;justify;">

</div>
<p style="margin&#58;0in 0in 0.0001pt;line-height&#58;120%;background-image&#58;initial;background-position&#58;initial;background-repeat&#58;initial;background-attachment&#58;initial;text-align&#58;justify;"><span style="font-size&#58;8pt;line-height&#58;120%;font-family&#58;verdana, &#039;sans-serif&#039;;">To achieve the goal of disbursing public investment
capital to reach 90% or more of the plan for local budget capital, the
Department of Planning and Investment has proposed a number of solutions such
as&#58; continuing to effectively implement measures to prevent and control the
Covid-19 epidemic; regularly review, promptly detect and remove difficulties
and problems; localities speed up the site clearance process.</span></p>
<div style="text-align&#58;justify;">

</div>
<p style="margin&#58;0in 0in 0.0001pt;line-height&#58;120%;background-image&#58;initial;background-position&#58;initial;background-repeat&#58;initial;background-attachment&#58;initial;text-align&#58;justify;"><span style="font-size&#58;8pt;line-height&#58;120%;font-family&#58;verdana, &#039;sans-serif&#039;;">Speaking for conclusion of the conference, Vice
Chairman of the Provincial People&#039;s Committee Vo Tan Duc said that despite the
implementation of many drastic measures, the disbursement rate of public
investment capital in the province has so far remained low. This is one of the
three unfulfilled targets according to the resolutions of the Provincial Party
Committee and the Provincial People&#039;s Council in 2021.</span></p>
<div style="text-align&#58;justify;">

</div>
<p style="margin&#58;0in 0in 0.0001pt;line-height&#58;120%;background-image&#58;initial;background-position&#58;initial;background-repeat&#58;initial;background-attachment&#58;initial;text-align&#58;justify;"><span style="font-size&#58;8pt;line-height&#58;120%;font-family&#58;verdana, &#039;sans-serif&#039;;">To accomplish the goal of disbursing public investment capital
in 2021, Vice Chairman of the Provincial People&#039;s Committee Vo Tan Duc
requested investors and localities to assign leaders responsible for monitoring
progress and timely remove difficulties for each project. Disbursement results
of each project assigned to monitor are one of the bases for evaluating the
completion of tasks in 2021 by leaders of each departments, sectors and localities.</span></p>
<div style="text-align&#58;justify;">

</div>
<p style="margin&#58;0in 0in 0.0001pt;line-height&#58;120%;background-image&#58;initial;background-position&#58;initial;background-repeat&#58;initial;background-attachment&#58;initial;text-align&#58;justify;"><span style="font-size&#58;8pt;line-height&#58;120%;font-family&#58;verdana, &#039;sans-serif&#039;;">The competent authorities review the implementation of
each project, thereby analyzing the group that encounters problems in
investment, construction and bidding procedures; The project team has problems
with land, site clearance and the project team has problems with capital and
disbursement procedures to solve it in a timely manner.</span></p>
<div style="text-align&#58;justify;">

</div>
<p style="margin&#58;0in 0in 0.0001pt;line-height&#58;120%;background-image&#58;initial;background-position&#58;initial;background-repeat&#58;initial;background-attachment&#58;initial;text-align&#58;justify;"><span style="font-size&#58;8pt;line-height&#58;120%;font-family&#58;verdana, &#039;sans-serif&#039;;">In particular, investors must carefully review the
terms of the signed contract to strictly handle contractors and consulting
units that slow down and affect the disbursement progress.</span></p>
<div>

</div>
<p align="right" style="margin&#58;0in 0in 0.0001pt;text-align&#58;right;line-height&#58;120%;background-image&#58;initial;background-position&#58;initial;background-repeat&#58;initial;background-attachment&#58;initial;"><strong><span style="font-size&#58;8pt;line-height&#58;120%;font-family&#58;verdana, &#039;sans-serif&#039;;font-weight&#58;normal;">Phan Anh</span></strong></p></div>
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