Son La determined to accelerate public investment disbursement in 2026

Nguyen Dinh Viet, Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee, on March 27 chaired a hybrid conference on the disbursement of public investment funds in 2026.

At the hybrid conference on the disbursement of public investment funds in 2026.

The conference was attended by leaders of provincial departments, agencies, and sectors, and connected online to 48 communes and wards assigned public investment plans for 2026.

The conference was connected online to 48 communes and wards assigned public investment plans for 2026.

This year, the total public investment capital to be implemented in the province exceeds 4.78 trillion VND (181.49 million USD). The funds are allocated to 71 investors, including 48 commune and ward People’s Committees, 15 construction investment project management units and eight other investors. To date, detailed allocations totaling over 3.36 trillion VND have been made, representing 70.35% of the total. As of March 25, 2026, disbursements reached 358.85 billion VND, equivalent to 7.51% of the total allocated capital and 10.67% of the detailed allocations. 

The rate of public investment disbursement remains relatively low, primarily due to slow investment preparation, and the lack of decisive action from units and investors in preparing projects. Volatile oil prices have also impacted material costs, further delaying project implementation and disbursement.

A leader of the Department of Finance speaks at the conference.

At the conference, investors reported on the disbursement progress for public investment projects and proposed solutions, including the allocation of funds for site clearance for the Hoa Binh – Moc Chau expressway; enhancing coordination among localities for land clearance to accelerate Provincial Road 120C’s  section in Ta Khoa commune; recovering unused funds; and arranging construction sites and dumping grounds.

Nguyen Dinh Viet, Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee, delivers concluding remarks at the conference.

In his concluding remarks, Chairman Viet requested departments, agencies, commune and ward People’s Committees, and investors continue to strengthen the accountability of leadership, proactively resolve difficulties arising during project implementation, clearly assign responsibilities, and enhance coordination among agencies, localities, and individuals. 

He emphasised that disbursement performance should be one of the key criteria for evaluating task completion. Investors were urged to promptly develop detailed disbursement plans by month and quarter, specifying each task and project before March 31, 2026.
Commune and ward People’s Committees were instructed to strengthen communication and mobilisation to gain public consensus, and to expedite the preparation, appraisal, and approval of compensation and support plans. 

Investors were directed to ensure contractors focus on construction in areas where land has already been cleared to achieve completed work, advance payments, and capital disbursement; to implement strict measures, including replacing contractors who violate contracts or delay projects, to ensure projects are completed on schedule. 

Additionally, a review should be conducted to reallocate funds from less efficient projects to priority ones and those with good disbursement performance. Priority should be given to accelerating key projects, including the Hoa Binh – Moc Chau expressway, Moc Chau – Mai Son urban road, 13 border boarding schools, and projects addressing natural disaster aftermath.

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