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Focus on Disbursing Public Investment Capital to Achieve Double-Digit Growth Goals

(News Portal – Dong Nai) – At the conference summarizing public investment capital disbursement in 2024 and deploying 2025 tasks, recently held by the province, Chairman of the Provincial People's Committee Vo Tan Duc emphasized the importance of focusing on effectively disbursing public investment capital to successfully achieve the double-digit growth target. 

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Chairman of the Provincial People's Committee Vo Tan Duc delivers the concluding remarks at the conference.

Chairman Võ Tan Đức highlighted that in 2025, the Government has tasked the province with achieving a GRDP growth rate of 10%. Therefore, ensuring the effective disbursement of public investment capital is a crucial responsibility that contributes significantly to realizing this objective.

The provincial leadership has urged departments, sectors, and localities to adopt a more proactive and determined approach in implementing projects, particularly key projects and those with widespread impact on the province's economic and social development.

Investment project owners are required to strictly adhere to the public investment capital disbursement schedule on a monthly and quarterly basis. The Department of Planning and Investment will collaborate with relevant agencies to review and report to the Provincial People's Committee on reallocating funds from projects with slow disbursement to those with better disbursement potential. The time required to appraise project documents must be shortened, and contractors with delayed implementation will face strict penalties. 

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Chairman Vo Tan Duc presented certificates of merit from the Provincial People's Committee to groups with outstanding achievements in public investment capital disbursement in 2024. 

According to the Department of Planning and Investment, the total budgeted public investment capital for 2024 in the province exceeded VND 20.4 trillion (including extended capital). As of January 31, 2025, the province had disbursed over VND 15.4 trillion, reaching nearly 76% of the plan. Based on the disbursement target assigned by the Prime Minister, the province achieved a disbursement rate of over 99.8%. However, compared to 2023, the disbursement rate was 5.4% lower. Nonetheless, in absolute terms, the disbursed capital in 2024 was VND 3.5 trillion higher than in 2023.

In 2025, Dong Nai aims to disburse over 95% of the planned public investment capital. To meet this goal, the Department of Planning and Investment has recommended that all units develop detailed disbursement plans by month and quarter for implementation. Project owners are also required to register their material needs, particularly for construction stones, to ensure proactive planning for project execution. Additionally, the supervision and inspection of contractors involved in project implementation will be strengthened to ensure compliance and progress.​

During the conference, Chairman Vo Tan Duc awarded certificates of merit from the Provincial People's Committee to seven groups, including specialized departments of the Nhon Trach District People's Committee and Long Khánh City People's Committee, for their outstanding achievements in the disbursement of public investment capital in 2024. 

Author: Vinh Quang

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