With funding from public investment, many modern projects will be built, contributing to the socio-economic development of the locality.

Accordingly, disbursement results are updated weekly on the Intelligent Operations Center (IOC) serving the province's operational activities, and monthly disbursement results for each investor are publicly disclosed at the regular meetings of the Provincial People's Committee and posted on the province's electronic information portal. This allows for timely assessment of the progress of each investor's plan implementation, and provides guidance on solutions to overcome difficulties for investors and projects that are behind schedule.

According to information from the Department of Planning and Investment, the total public investment capital plan for 2024 is VND 4,397.962 billion. Of this, VND 509.637 billion is from the previous year's capital plan carried over to 2024, and VND 3,888.325 billion is for the 2024 budget. The amount of capital already allocated in detail is VND 3,936.479 billion, equivalent to 89.51%; the amount of capital yet to be allocated in detail is VND 461.482 billion, equivalent to 10.49% of the plan.

As of October 31, 2024, the total disbursed amount reached VND 2,225.860 billion, equivalent to 50.82% of the total allocated capital plan and 56.15% of the detailed allocated capital. The 2024 plan allocated detailed funds to 38 project owners, some of whom have disbursed over 60% of the allocated capital, including the Provincial Military Command (70.88%), the Project Management Board for Investment in Construction of Agricultural and Rural Development Projects (63.86%), the Project Management Board for Investment in Construction of Civil, Industrial and Urban Development Projects (63.39%), Son La City People's Committee (84.98%), Quynh Nhai District People's Committee (77.10%), Muong La District People's Committee (65.91%), and Bac Yen District People's Committee (64.60%) of the allocated capital.

Fifteen units disbursed funds above the provincial average: Son La Provincial Police Department, Phu Yen District People's Committee, Sop Cop District People's Committee, Yen Chau District People's Committee, Song Ma District People's Committee, Provincial Border Guard Command, Moc Chau District People's Committee, Department of Education and Training, Muong La Nature Reserve Management Board, Department of Industry and Trade, Mai Son District People's Committee, Son La College, Thuan Chau District People's Committee, Investment and Construction Project Management Board for Transportation Works, and Provincial ODA Project Management Board.

Six units have yet to disburse funds: the Department of Justice, the Xuan Nha Special Forest Management Board, the Department of Culture, Sports and Tourism, the Department of Information and Communications, Son La College of Technology, and the Department of Agriculture and Rural Development.

Identifying the acceleration of public investment disbursement as one of the key political tasks for 2024, Son La province will resolutely and synchronously implement tasks and solutions according to regulations from the central and local governments. In the remaining months of the year, Son La province will continue to speed up investment preparation, complete the detailed allocation of capital sources according to regulations, and resolutely adjust and recover funds allocated improperly to ensure they are directed towards key projects of the province.

This includes a disbursement plan, assigning leaders to monitor each project, conducting detailed reviews and assessments to clearly identify difficulties and obstacles for each project, paying particular attention to projects in their final year of implementation, to avoid extensions of implementation time and capital allocation time, and to prevent the creation of additional administrative procedures.

At the same time, strengthen inspections, focus on promptly resolving difficulties and obstacles; strengthen propaganda and mobilization efforts to create public consensus, focus on accelerating the progress of preparing, submitting for appraisal, and approving compensation and support plans, paying compensation and support to organizations and households, and gradually handing over construction sites to contractors.

In addition, it is necessary to review, recover, and adjust public investment funds promptly, including recovering funds from projects with slow progress, in order to supplement inter-regional projects, key projects, and projects with good progress that need to be accelerated to maximize investment efficiency.

According to representatives from the Department of Planning and Investment, to ensure the completion of the 2024 public investment plan, in the coming period, all levels, sectors, agencies, and units acting as project owners must raise awareness of the role and significance of public investment in socio-economic development; identify the disbursement of public investment capital as one of the top political tasks of all levels and sectors; implement proactive, flexible, and timely management; clearly define responsibilities, tasks, priorities, and effectiveness; promptly resolve bottlenecks and obstacles; and emphasize the role and responsibility of the head of each agency. Implement the "5 resolutions" and "5 guarantees" in organizing the disbursement of public investment capital in the remaining months of 2024.

Source: baoxaydung.com.vn