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Public investment is one of the important and decisive factors for the economic development process in Vietnam. It involves the government’s investment in public programs, projects, and investment subjects. The medium-term public investment plan for the period of 2021-2025 needs VND 2.87 million billion, focusing on priority sectors that are important and key to the economy, including transport infrastructure. The budget allocated for the transport sector accounts for the highest proportion (42.9%) but the development of modern and synchronized infrastructure has not yet met requirements. Currently, the disbursement work is slow and encounters many obstacles, affecting the effectiveness of capital utilization. According to the report of the Ministry of Transport, the disbursement rate of transport works in the period of 2016-2020 reached 69%. Therefore, this article analyzes the current situation of disbursement in transport infrastructure construction through reports of State management agencies, previous studies, uses SPSS software to quantify the criteria affecting this work. Furthermore, solutions for accelerating the public investment disbursement in transport infrastructure construction are proposed.
Czasopismo
Rocznik
Tom
Strony
127--140
Opis fizyczny
Bibliogr. 27 poz., il., tab.
Twórcy
autor
- Hanoi Architectural University, Hanoi City, Vietnam
autor
- Hanoi University of Civil Engineering, Faculty of Construction Economics and Management, Hanoi, Vietnam
Bibliografia
- [1] National Assembly, “Law on Public Investment”, Law No. 39/2019/QH14. Vietnam, 13 June 2019.
- [2] Ministry of Transport, “Report on socio-economic development and Plan for public investment for the period of 2021-2025”, No. 8652/BGTVT-KHDT. Vietnam, 28 August 2020.
- [3] “Situation and results of implementation of the Medium-term Public Investment Plan for the period 2016-2020 and expected period 2021-2025”, Report No. 244/TTr-CP. Vietnam. 16 July 2021.
- [4] T.T.M. Hoa, “Public investment: Limitations and solutions”, presented at Seminar “Public Investment Law- Discussion from multi-dimensional perspectives”, 8 May 2019, Hanoi, Vietnam, 2019.
- [5] “Report on the Status of State budget capital payment for the first 8 months and the entire year of 2019, 2020, 2021, 2022”. The Ministry of Finance. [Online]. Available: https://www.mof.gov.vn/webcenter/portal/btcvn/pages_r/l/tin-bo-tai-chinh?dDocName$=$MOFUCM243473. [Accessed: 15 July 2023].
- [6] A. Rajaram, L.T. Minh, K.A. Kaiser, J.H. Kim, and J. Frank, The power of public investment management: Transforming resources into assets for growth. World Bank Group, 2014, doi: 10.1596/978-1-4648-0316-1.
- [7] JICA – Japan International Cooperation Agency, Public Investment Management Handbook for Capacity Development. 2018. [Online]. Available: https://www.jica.go.jp/Resource/activities/issues/governance/ku57pq00001wwbna-att/strengthen_public_investment_management_capacity_handbook_e.pdf. [Accessed: 31 May 2023]
- [8] A. Rajaram, L.T. Minh, B. Nataliya, and B. Jim, A Diagnostic Framework for Assessing Public Investment Management. The World Bank, 2010, doi: 10.1596/1813-9450-5397.
- [9] M. Mizell and D. Allain-Dupré, “Creating Conditions for Effective Public Investment: Sub- National Capactities in a Multi – level Governance Context”, OECD Regional Development Working Papers, no. 4, 2013, doi: 10.1787/5k49j2cjv5mq-en.
- [10] T. Laursen and B. Myers, Public Investment Management in the New EU Member States: Strengthening Planning and Implementation of Transport Infrastructure Investments. The World Bank, 2009, doi: 10.1596/978-0-8213-7894-6.
- [11] T.T. Nhiem, “Perfecting the legal system on public investment management through State audit and inspection”, Ministry-level scientific project, Inspector Training College, Vietnam, 2021.
- [12] P.M. Hoa, “Improving the efficiency of public investment in Vietnam”, thesis, National Economics University, Vietnam, 2017.
- [13] N.Q. Toan and D.T. Hai, “Assessment of factors influencing on the success of public-private partnerships infrastructure projects in Vietnam”, Archives of Civil Engineering, vol. 69, no. 1, pp. 343-365, 2023, doi: 10.24425/ace.2023.144177.
- [14] N.C. Thang and P.S. An, “Restructuring public investment in Vietnam: Progress and lessons”, Journal of Economic Research, no. 03, pp. 3-10, 2019.
- [15] N.Q. Toan, N.T. Thuy, D.T. Hai, and P.X. Anh, “Comparing the risk management standpoint between the project participants for the urban road transport projects in Hanoi”, Archives of Civil Engineering, vol. 68, no. 2, pp. 275-295, 2022, doi: 10.24425/ace.2022.140642.
- [16] N.H. Ly, “Improving public investment legislation in Vietnam”, thesis, Vietnam Academy of Social Sciences, Vietnam, 2022.
- [17] H. Nhung, “Six primary solutions to ensure the progress of public investment capital disbursement”, Audit Newspaper – The official media agency of the State Audit [Online]. Available: http://baokiemtoan.vn/6-giai-phap-chu-yeu-bao-dam-tien-do-giai-ngan-von-dau-tu-cong-21425.html. [Accessed: 15 Sep. 2023].
- [18] P.T.P. Hoa, “Assessing the implementation of the medium-term public investment plan for the period of 2016-2020”, Ministry-level scientific project, Vietnam Insurance Development Institute, Vietnam, 2020.
- [19] D.V. Thuan, “Research on State management of public investment in road construction in Vietnam”, thesis, University of Transport and Communication, Vietnam, 2018.
- [20] National Assembly, “Law on State budget”, No. 83/2015/QH13. Vietnam, 25 June 2015.
- [21] State Audit, “Report on the comprehensive audit results of the year 2022”, State Audit Electronic Information Portal. [Online]. Available: https://hoatdongkiemtoan.sav.gov.vn/Pages/ket-qua-kiem-toan.aspx. [Accessed: 15 May 2023].
- [22] P. Khang, “Shortcomings in contractor selection, signing, and implementation of investment project contracts”, Audit Newspaper – The official media agency of the State Audit. [Online]. Available: http://baokiemtoan.vn/thieu-sot-trong-lua-chon-nha-thau-ky-ket-va-thuc-hien-hop-dong-du-an-dau-tu-19327.html. [Accessed: 15 Sept. 2023].
- [23] Department of Construction Economics – Ministry of Construction in coordination with Vietnam Construction Consulting Association, “The workshop discussed difficulties in announcing prices of materials and supplies to the construction site and some inadequacies in project management costs”, Ministry of Construction of Vietnam. [Online]. Available: https://moc.gov.vn/vn/tin-tuc/1285/71406/hoi-thao-trao-doi-nhung-khan-vuong-mac-ve-cong-bo-gia-vat-tu-vat-lieu-den-chan-cong-trinh-va-mot-so-bat\-cap-ve-chi-phi-quan-ly-du-an.aspx. [Accessed: 15 May 2023].
- [24] Government, “Detailed regulations on construction contract”, Decree No.37/2015/ND-CP, Vietnam, 22 Apr. 2015.
- [25] Department of Construction-Finance of Thanh Hoa Province, “Announces the information on construction material prices in the province for the fourth quarter of 2022”, No. 320/LSXD-TC. Vietnam, 16 Jan. 2023.
- [26] Ministry of Construction, “Announcing the national construction price index for the year 2021”, Decision No. 97/QD-BXD Vietnam, 9 Mar. 2022.
- [27] L. Quan, N.T.T. Dung, D.V. Thuan, and B.M. Hung, “Completing the planning and implementation of plans of public investment in road infrastructure construction in Vietnam”, E3S Web of Conferences, vol. 403, art. no. 07009, 2023, doi: 10.1051/e3sconf/202340307009.
Typ dokumentu
Bibliografia
Identyfikator YADDA
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