Son La speeds up disbursement of public investment for 2026

Vice Chairman of the provincial People’s Committee Nguyen Minh Tien chaired a hybrid meeting on June 11 on the disbursement of public investment capital for 2026. The event saw the presence of leaders of provincial departments, agencies and sectors, and was connected online to communes and wards with assigned public investment plans for this year.

 

At the hybrid meeting on June 11 on the disbursement of public investment capital for 2026.

In 2026, the total amount of public investment to be realised across the province exceeds 5.42 trillion VND (205.8 million USD). To date, more than 3.56 trillion VND, or 65.84%, has been allocated in detail. Public investment funds have been assigned to 64 project developers, including 51 commune- and ward-level People’s Committees, three investment project management boards, and 10 others.

As of June 10, over 1.72 trillion VND had been disbursed, accounting for 31.83% of the total assigned capital plan and 48.34% of the detailed allocated capital plan. According to an assessment by the Ministry of Finance, Son La ranks 10th among 34 provinces and cities nationwide in terms of public investment disbursement rate.

A leader of the provincial Department of Finance presents a report at the meeting.

Although the province’s disbursement performance is higher than the national average, the pace has yet to meet the requirements for fulfilling the annual plan, particularly for certain funding sources and project developers that continue to record low disbursement rates. The main reasons include prolonged preparation and investment approval procedures for several projects; difficulties in compensation and site clearance work at some sites; and the fact that certain funding sources have not yet met the conditions for detailed allocation, thereby affecting implementation progress and fund disbursement.

Vice Chairman of the provincial People’s Committee Nguyen Minh Tien speaks at the meeting.

Concluding the meeting, Vice Chairman Tien requested provincial departments, agencies, and the People’s Committees of communes and wards to further strengthen supervision and regularly monitor the implementation progress of each project; promptly address arising difficulties and obstacles; and enhance the accountability of heads of agencies, units, and project developers in implementing and disbursing allocated capital plans.

He also urged local authorities to focus on compensation, support, and resettlement work, and step up communication and public outreach efforts to build consensus among residents and facilitate the timely handover of sites for construction. Contractors were instructed to mobilise manpower and equipment to accelerate construction progress at sites where land clearance has been completed, carry out acceptance procedures and payments immediately upon completion of work volumes, and strictly handle violations related to project schedules and quality in accordance with contract provisions.

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