Khanh Hoa Province:

Khanh Hoa Province urgently disbursing public investment capital

Investors and Khanh Hoa Province are making more efforts to achieve the disbursement target of 95% or more by the end of the year.

Recently, the provincial People's Committee has organized meetings to hear investors report on disbursement progress of projects to promptly direct and remove difficulties and obstacles. Leaders of the provincial People's Committee also directly monitor and inspect the field at projects, direct the resolution of difficulties and obstacles during the implementation of public investment projects; promote clearance compensation and investment procedures of projects to speed up the implementation progress and disbursement of the assigned 2023 capital plan.

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Along with that, the provincial People's Committee has submited to the provincial People's Council to allocate, review, and adjust to reduce the 2023 capital plan of projects. For national target programs, socio-economic recovery and development program, sustainable poverty reduction project of Khanh Son and Khanh Vinh districts in the period 2022 – 2025 and group of key projects, the provincial People's Committee has directed program and project owners and investors to urgently complete investment procedures to allocate all capital plans in 2023. As for bond capital, the provincial People's Committee has planned a list of using 1,000 billion VND from local government bond capital in 2023 and direct relevant departments, branches and localities to urgently complete investment procedures to be eligible to deliver the 2023 capital plan after the proposal. Local government bond projects approved by competent authorities.

Le Huu Hoang - Standing Vice- -Chairman of Khanh Hoa Provincial People's Committee said: "Normally, the disbursement rate in the last months of the year will be very high. In recent years, disbursement rate in the fourth quarter is often as twice as that in other quarters of the year. From now until January 31, 2024 (the end of disbursement of the year), the province will urgently disburse capital, trying to complete the disbursement target of 95% or more. To fulfill the disbursement of the public investment capital plan in 2023, the Provincial People's Committee has proposed to the Ministry of Planning and Investment and the Ministry of Finance to consider and submit to the Prime Minister for permission to adjust and reduce the ODA capital plan. In addition, the province also proposed that the Ministry of Finance soon issue written comments on the content of the local government bond issuance project so that the province has a basis to organize bond issuance in 2023 in accordance with regulations to complete the allocation of public investment capital plan in 2023 according to the plan assigned by the Prime Minister".

Dinh Lam

Translated by T.T