The Ministry of Finance (MoF) has proposed the government review and allocate public investment capital at projects with zero per cent disbursement to projects that are facing financial shortages.
A recent working session between the MoF and Dak Nong, Gia Lai, Dong Nai, and Binh Duong provinces on the disbursement of public capital in 2023 found that many projects in these localities have not disbursed capital or seen low disbursement of less than 5 per cent.
The central highlands’ Dak Nong province has 36 projects with delayed disbursement, nearby Gia Lai province has 21 projects, southern Dong Nai province has nine projects, and southern Binh Duong province has 21 projects.
These localities are in Working Group No. 5 assigned by the Prime Minister to accelerate disbursement. The group is headed by Minister of Finance Ho Duc Phoc.
He asked authorities in these localities to review and take measures to complete investment procedures and approve investment projects to allocate capital as assigned by the Prime Minister.
He also ordered the localities to coordinate with the Ministry of Planning and Investment and the MoF to deal with any emerging difficulties or obstacles.
Investors and project management boards have been asked to work with contractors and construction material suppliers to tackle difficulties in supply sources to ensure construction progress.
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