Public investment disbursement in construction of transport infrastructure: Situation and solution

Abstract

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 2021-2025 period needed VND 2.87 million billion, with priority given to important and key sectors of the economy, including transport infrastructure. The allocated capital for the transport sector accounts for the highest proportion (42.9%) but the development of synchronous and modern infrastructure has not yet met the requirements [1]. Currently, the disbursement work is slow and faces many obstacles, affecting the efficiency of capital use. According to the report of the Ministry of Transport, in the period 2016-2020, the disbursement rate for traffic works reached 69% [2]. Therefore, this article analyzes the current situation of disbursement in the construction of transport infrastructure through reports of government management agencies, previous studies, using SPSS software to quantify criteria affecting this work. Based on that, the authors propose solutions to enhance the disbursement of investment capital in transportation infrastructure construction.