In particular, the Chairman of the City People’s Committee requested heads of each unit to take full responsibility for monitoring daily progress, addressing tasks, and resolving issues related to public investment projects. They are accountable for their unit’s disbursement results.
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| Photo for illustration. (Source: CPV) |
The Chairman of the City People’s Committee also directed nine units with disbursement rates in the nine months lower than the city’s general rate (20.2%) to urgently implement solutions to accelerate the progress of public investment disbursement.
These units include the Management Board of Industrial and Civil Engineering Construction and Investment Projects of HCMC (8.6 percent), the Transportation Works Construction Investment Project Management Board of HCMC (19.7 percent), the HCMC Urban Infrastructure Construction Investment Projects Management Board (7.9 percent), the Management Authority for Urban Railways (17.1 percent), the High-Tech Agricultural Park Management Board (0.5 percent), and the People's Committees of Nha Be District (10.5 percent), District 1 (11.6 percent), District 10 (8.8 percent) and District 5 (13 percent).
For units with large capital for site clearance compensation and expected to disburse in the fourth quarter of 2024, the Chairman of the City People's Committee requested the heads of the units to closely monitor and follow the implementation to ensure disbursement according to the set plan, and take full responsibility for not completing the related procedures for capital disbursement.
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| The construction site of HCM City’s Ring Road 3 through Hoc Mon district. (Photo: CPV) |
The city’s departments are making efforts to remove bottlenecks in public investment disbursement to achieve the economic growth target of 7.5 -8%.
Challenges such as bureaucratic obstacles, land clearance issues and project implementation delays must be overcome for HCM City to reach its growth target of 7.5-8 per cent for 2024, said city officials.
Lê Thị Huynh Mai, director of the Department of Planning and Investment, said that in 2024, the city has a public investment plan of over 79 trillion VND, 1.5 times higher than in 2023 and the highest ever.
The Department of Planning and Investment has made a detailed disbursement plan for each month and each quarter with disbursement progress of 10% at the end of the first quarter, 30% at the end of the second quarter, 70% in the third quarter and 95% in the fourth quarter.
Aiming at the growth target of 7.5% , the city needs to focus on solutions to create breakthroughs in public investment disbursement progress, prioritizing key public investment projects.
In addition, the municipal government also needs to reform administrative procedures so that public investment projects are approved faster./.