Comrade Ta Anh Tuan, Deputy Minister of Finance hosted the Conference at the Central bridge point.

Attending the conference at Lao Cai bridge point were leaders of the Department of Planning and Investment; representatives of a number of related departments, divisions and branches.

Delegates attend the conference at the Lao Cai bridge point.

The conference was held in the form of direct and online to provinces and cities directly under the Central Government.

In the past time, in addition to strong decisions to restore the economy, the promotion of disbursement of public investment capital as well as ODA capital has received great attention from the National Assembly, the Government and the Prime Minister.

The conference is held in the form of direct and online

According to the plan of public investment capital from foreign capital in 2022 is 34,800 billion VND, in which ministries and branches are 12,110 billion VND; localities are 22,690 billion VND. Up to now, ministries, branches and localities have allocated detailed capital plans and entered estimates on the Tabmis system of the State Treasury of 33,289 billion VND, reaching nearly 96% of the assigned plan.

According to the State Treasury, the control of foreign capital expenditure in the 2022 plan of ministries, branches and localities as of June 30 reached a rate of over 14% (4,911 billion VND). Accumulated public investment disbursement of foreign capital in the first 6 months of 2022 reached 9.12% of the plan (3,174 billion VND), in which disbursement of ministries and branches reached 16.2% of the plan, localities reached 5.38% of the plan.

According to the assessment of the Ministry of Finance, although the Government, ministries, branches and localities have many drastic solutions to disburse public investment capital; however, the implementation process still faces many difficulties and obstacles, in which many projects have to adjust loan sources; slow adjustment of investment policies, leading to delay on signing of contracts; the project is slow to conduct the acceptance and settlement work. In addition to subjective causes, there are also objective causes such as complicated developments of natural disasters and floods; the Covid-19 pandemic has caused shortage of workers and experts and sponsors; rising raw material prices affect the capacity and construction progress of contractors; …

Delegates present their speeches at the Conference (screenshot).

At the conference, representatives of ministries, branches and localities gave speeches, in which the focus was on difficulties and obstacles in the adjustment and disbursement of capital. At the same time, proposing and recommending a number of contents related to capital adjustment and project progress; early handling of investment policies; speeding up the disbursement approval procedures; simplifying procedures of sponsors; migration, resettlement, site clearance...

For Lao Cai province, in the past time, it has actively and flexibly directed many solutions to both ensure pandemic prevention and control and socio-economic development; in which there are many solutions to accelerate the disbursement of public investment capital in 2022.

Concluding the conference, Comrade Ta Anh Tuan, Deputy Minister of Finance affirmed: After we basically control the Covid-19 pandemic, open the economy, growth in the first 6 months of the year has reached 6.42%, budget revenue is quite good, about 66% of the plan. Besides the positive aspects, there are also bottlenecks, including very low disbursement of public investment. In 2022, Lao Cai province has 7 ODA programs and projects that have been assigned capital for implementation, with total capital of the assigned plan in 2022 is 682,074 billion VND (ODA capital allocated from the central budget is 362,211 billion VND; the government's foreign loan is 259,212 billion VND; the central budget reciprocal capital is 60,651 billion VND).

Deputy Minister of Finance Ta Anh Tuan concluded the closing speech of the Conference (screenshot).

The Deputy Minister of Finance suggested: The source of public investment capital in the coming time is still very large, ministries, branches, localities and governing agencies are responsible for proactively urging and directing investors to solve problems to have completed volume, carry out procedures for controlling expenditure and disbursement. Relevant agencies continue to closely coordinate with ministries, branches and localities to remove obstacles and difficulties in disbursing foreign capital.

It is hoped that with the close direction of the Government and the Prime Minister and the close coordination and responsibilities of ministries, branches and localities, it will accelerate the disbursement of public investment capital from foreign sources, contributing to recovery and socio-economic development of the country.