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The disbursed investment capital under the 2019 plan as of October 15, 2019 through the State Treasury was VND198,563 billion, reaching 51.9% of the plan. Photo: Thuy Linh.

The disbursement rate

According to the latest report by the State Treasury, the disbursed investment capital under the 2019 plan as of October 15, 2019 through the State Treasury was VND198,563 billion, reaching 51.9% of the plan.

Specifically, capital disbursed by the Government through the State Treasury was VND196,937 billion, reaching 52% of the plan. Of which, capital construction was VND163,473 billion, reaching 54% of the plan; Government bond capital was VND9,450 billion, reaching 26.4% of the plan and the national target program was VND24,013 billion, reaching 59.3% of the plan. The remaining revenue for disbursement was VND1,625 billion, reaching 46% of the plan.

The State Treasury expects the disbursed investment capital under the 2019 plan as of October 31, 2019 through the State Treasury was VND218,896 billion, reaching 57.2% of the plan.

According to the State Treasury, as of October 15, investment capital for controlling spending through the State Treasury was lower than the disbursed capital, but equal to the same period in 2018.

As of October 15, 2019, through the control of investment capital spending, the State Treasury system refused to pay VND66.3 billion. It is expected that by October 31, 2019 the State Treasury system will refuse to pay VND68 billion.

This amount is due to the investor requesting to pay the arising amount which has not been approved, some expenses do not have sufficient documents as prescribed.

Projects managed by localities have high disbursement rates

As of October 15, 2019, the disbursement of investment capital under the 2019 plan by many units was quite good.

Statistics from the State Treasury show that, for projects under central management, there are 11 units with disbursement of 60% or more of the capital plan, such as the Vietnam Writers' Association with 90.9%; Vietnam Electricity Group with 85.9%; the Ministry of Defense with 83.1%; Vietnam Bank for Social Policies with 79.1%; the Government Inspectorate with 76.2%; the Management Board for President Ho Chi Minh Mausoleum with 68.9%; the Management Board of Vietnam National Village for Ethnic Culture and Tourism with 68.2%; the Vietnam News Agency with 64.9%; Vietnam Farmers' Union with 64.4%; Hanoi National University with 64.3%; and the People's Procuracy with 60%.

In addition, there are still some units that have disbursed under 35% of the plan, such as: Vietnam Red Cross with 4.8%; the Vietnam Union of Friendship Organizations with 5.7%; the State Bank of Vietnam with 6.2%; the Vietnam Academy of Science and Technology with 10.4%; the Ministry of Justice with 17.1%; the Vietnam Journalists' Association with 23.9%; the Lang Hoa Lac Hi-Tech Park Management Board with 28.2%; the Ministry of Health with 32.9%; and the Ministry of Transport with 33%.

There are two units that have not disbursed investment capital under the 2019 plan, including the Vietnam Cooperative Union and the Ministry of Foreign Affairs.

According to the State Treasury, for locally managed projects, the disbursement is higher than the average national disbursement rate.

In particular, the investment capital from the balance capital, from ODA capital and additional capital as planned, as of October 15, some localities have a good disbursement rate of over 90% of the plan assigned by the Government, such as Ninh Binh with 162.6%; Nghe An with 128.4%; Tuyen Quang with 124.2%; Thanh Hoa with 117%, Hai Duong with 111.7%; Phu Tho with 107.2%; Hung Yen with 104.7%; Phu Yen with 102.2%; Nam Dinh with 95.9%; Ha Nam with 94.3%; Thai Binh with 91.3%; and Ha Tinh with 90.3%.

However, there are still some localities with relatively low disbursement rates, at under 40% of the plan, such as Khanh Hoa with 31.8%; Ninh Thuan with 33.2%; Vinh Long with 33.4%; Dien Bien with 36%; Can Tho with 37.2%; Ho Chi Minh City with 37.7%; Danang with 38.9%; and Cao Bang with 39.1%.

Transfer of capital if the plan is not fully disbursed

The State Treasury proposes ministries, branches and localities to focus on directing investors to speed up the pre-acceptance test of completed volumes and complete dossiers and procedures for sending to the State Treasury as a basis for payment control.

At the same time, increase the requests for payment via online public services of the State Treasury in order to shorten payment time, contributing to speeding up the disbursement of investment capital.