Online conference on foreign preferential capital disbursement
13:25 06/01/2021
On the morning of October 29, 2020, Prime Minister Nguyen Xuan Phuc chaired an online meeting with ministries, central agencies and localities on the implementation and disbursement of programs and projects with official aid capital (ODA), foreign concessional loans.

At the Bac Ninh bridge point, Mrs. Dao Hong Lan, Member of the Party Central Committee, Secretary of the Provincial Party Committee attended and chaired. Attending were: Mrs. Nguyen Huong Giang, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee; Mr. Nguyen Quoc Chung, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council; leaders of a number of related departments.

According to the report of the Ministry of Planning and Investment, the disbursement rate of foreign capital allocated from the central budget as of October 31, 2020 was estimated at VND 18,089 billion, equal to 30.15% of the assigned plan. In which, disbursement capital of ministries and central agencies is 5,824 billion VND, disbursed capital of localities is over 12.2 trillion VND. This disbursement is higher than the same period last year in both value and percentage. Although the situation has improved, the disbursement rate of foreign capital remains low. The main reason is that some localities apply for ODA capital but do not record counterpart funds, so the donor does not disburse, leading to a long project, capital team, unable to perform. In addition, disbursement procedures are too cumbersome and annoying, construction contractors have limited equipment and financial capacity, and lack of initiative in project preparation.

At the online conference, the ministries, branches and localities reported and assessed the disbursement of ODA programs and projects, foreign concessional loans, and discussed measures to remove problems. problems, settlement of "3 stagnation", including: stagnant capital, outstanding debt and stagnant procedures.

For Bac Ninh province, in 2019, the ODA capital for the rural clean water and sanitation program is more than 109 billion dong. By the end of October 27, it has disbursed 101.2 billion, reaching 93%. The province strives from now to the end of the year to disburse 100% of the assigned capital plan.

Concluding the meeting, Prime Minister Nguyen Xuan Phuc emphasized that ODA is an important resource for the country's development in the condition of low public debt ceiling. The Prime Minister asked the ministries, branches and localities to focus on resolving the shortcomings and problems, in order to disburse the allocated ODA capital as much as possible. Heads of agencies, units and localities must consider this as a key political task in 2020 to improve the morale, attitude and working capacity of the staff, especially enforcement officers. policy. Stagnation, fear of responsibility, term psychology, bureaucracy, and harassment must be stopped immediately. Assign people to monitor, urge and take responsibility for each project; leaders at all levels focus on solving backlogs and solving difficulties, especially for large investment projects.

The Prime Minister also requested the Ministry of Planning and Investment to coordinate with the Ministry of Finance to clarify the roadmap and way to make ODA more convenient, more methodical, more unified, from there to make a 5-year medium-term ODA plan. Ministries, branches and localities are answerable to the Prime Minister for allocating sufficient reciprocal capital sources for ODA programs and projects in 2020.

Concluding at the Bac Ninh bridge point, Secretary of the Provincial Party Committee Dao Hong Lan emphasized that the last 2 months of the year shall be the sprint period to ensure 100% ODA disbursement, so departments, branches and localities focus resolves all problems to disburse all remaining capital. At the same time, reviewing the procedures and procedures, especially the documents of the funded projects, ensures the disbursement of ODA capital as planned.

The Secretary of the Provincial Party Committee suggested the branches closely follow the projects set up and submit to the Government, especially the key projects which are the driving force for the development of the province./.

Source: Translated by Nguyen Mai Huong, Chief of Office, Bac Ninh IZA
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