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Sunday, February 5, 2023

Danang’s public capital disbursement rate nears 78%

The Saigon Times

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HCMC – The central city of Danang had disbursed around VND5 trillion of public investment in the year to November, or 77.8% of the total, and equal to 86.9% of the year-ago figure, according to the Danang Statistics Office.

The city has taken measures to speed up the construction of some projects. Of them, two projects to build an organ and stem cell transplantation center at the Danang Hospital and Software Park No.2 have each disbursed over 60% of the allocated capital.

Meanwhile, several projects had to suspend construction due to site clearance obstacles, such as a project to upgrade Vo Duy Ninh Street, and the first phase of a resettlement project near the Khe Can drainage system area.

Besides, some projects with a large amount of capital allocated have yet to get off the ground, as their construction procedures remain incomplete, or some had their designs adjusted multiple times.

Tran Van Vu, head of the Danang Statistics Office, said obstacles linked to weather conditions and the pandemic were no longer major factors that hindered public investment disbursement. However, site clearance issues and administrative procedures to carry out the projects still need to be improved.

He added that the relevant agencies need to take drastic measures to accelerate site clearance work, while project management units must quickly complete essential procedures to start or continue work on their projects.

In related news on investment, according to the Danang Statistics Office, the city had granted investment certificates to 27 domestically-invested projects with total pledged capital of over VND8.9 trillion as of November 15, up five projects and 91% in capital against the same period last year.

Regarding foreign investment, the city presented investment certificates to 42 FDI projects, rising by eight projects compared to the year-ago figure. The total amount of newly-registered and adjusted capital and contribution to acquire stakes during the given period reached US$132 million, equal to 81.3% of last year’s figure.

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