CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Hanoinews
Hanoi’s disbursement rate of public investment lower than Vietnam’s average
Ngoc Thuy 14:06, 2019/09/27
In 2019, Hanoi set aside VND52.52 trillion (US$2.26 billion) for investment, including VND31.49 trillion (US$1.35 billion) for projects at city-level and VND21 trillion (US$904.38 million) for those at commune level.
As of the end of September, the disbursement rate of public investment in Hanoi reached 34%, lower than the rate recorded in the same period last year of 45.64% and the country’s average at 49.14%, according to Nguyen Manh Quyen, director of the municipal Department of Planning and Investment. 
 
Overview of the conference. Source: Hanoi's portal.
Overview of the conference. Source: Hanoi's portal.
In 2019, Hanoi set aside VND52.52 trillion (US$2.26 billion) for investment, including VND31.49 trillion (US$1.35 billion) for projects at city-level and VND21 trillion (US$904.38 million) for those at commune level, Quyen informed at a meeting on September 26. 

A number of districts and departments recorded positive disbursement rate at city level, including Ha Dong district with disbursement rate of 99%, Thanh Tri district with 92%, Quoc Oai with 73%, Dan Phuong with 64% and the Project Management Unit of Agriculture and Rural Development with 44%. At the commune level are Hoai Duc commune (exceeding the disbursement plan), Dong Anh commune with 87.1% and Dan Phuong commune with 74.1%. 

However, there remain 19 out of 40 project owners having disbursement rate below 20%, such as Phu Xuyen district with 2%, Phuc Tho district with 3%, My Duc with 6%, Project Management Unit of Transportation Works with 12%, Project Management Unit of Civil and Industrial Works with 12%, Project Management Unit of Water Provision and Drainage with 16%. 

Quyen said the number of projects under the city’s management are 223, including 86 ongoing and 137 new projects. As of present, project owners have approved the contractor selection process for 126 out of 137 projects, which are scheduled to kick start in 2019. 

Quyen attributed the sluggish disbursement of public investment to projects that started construction at the end of 2018 and received advanced payment. In 2019, both project owners and contractors have to complete the work volume related to the advanced payment. 

For new projects, Quyen pointed to time-consuming process of setting up and approving the design and financial estimate, leading to delay in bidding process and project commencement. 

Meanwhile, there are 21 projects facing difficulties in site clearance process and other 18 finding hurdles in investment process . 

To solve these issues, the Hanoi People’s Committee requested project owners to closely supervise the implementation progress, saying it would move funds from delayed projects to those with high disbursement rate. 
Comments
Other news
20:51, 2025/01/22
Vietnam-Singapore Friendship Association launched in Hanoi to strengthen bilateral ties
The congress adopted the association's charter and outlined its strategic objectives.
22:56, 2025/01/21
Hanoi, HCMC to submit metro plans to National Assembly in February: Deputy PM
The resolution aims to speed up the development of the urban railways in Hanoi and Ho Chi Minh City.
15:18, 2025/01/21
Hanoi integrates administrative procedures into national public service portal
The entire process is digitized and shared among agencies at all levels, saving time and ensuring transparency.
21:53, 2025/01/19
2025 spring book fair opens to boost reading in Hanoi
The 2025 Spring Book Fair promises to establish itself as an annual event that celebrates the importance of books and knowledge.
20:49, 2025/01/19
Traditional essence in Hanoi's Old Quarter Tet celebration program
The activities include worshiping rituals, calligraphy, and folk music.
19:47, 2025/01/19
Annual Tet flower market opens in Hoan Kiem District
With many iterations over the years, the traditional market continues to hold its own appeal, combining the past and traditional values with the present and modern world.