LIST OF ABBREVIATIONS
Status
Acronym | Original meaning | |
1 | BCH | Executive Board |
2 | Editor | Standing Committee |
3 | industrialization and modernization | Industrialization and modernization |
4 | GDP | Gross domestic product |
5 | People's Council | People's Council |
6 | Socio-economic | Economy - Society |
7 | National Target Program | National goals |
8 | State budget | State budget |
9 | TB-XH | Social invalids |
10 | TT | Town |
11 | UNDP | United Nations Development Program |
12 | XDCB | Basic construction |
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LIST OF TABLES
Table 1.1. Investment project cycle 9
Table 3.1: Some main socio-economic indicators of Ha Giang province 43
Table 3.2. Development investment capital structure in the period 2008 - 2013 49
by economic sector 49
Table 3.3. GDP and GDP growth rate in the period 2008 - 2013 52
Table 3.4. Labor force ratio between regions in economic sectors during the period 2008-2013 54
Table 3.5. Number of jobs increased by 54
Table 3.6. Structure of total product in the province divided into three economic zones
economy 55
Table 3.7. Implementation status of the construction investment plan over the years 61
INTRODUCTION
1. Urgency of the topic
Development investment is a strategic task, a key solution to achieve socio-economic development goals towards high, stable and sustainable growth for a country as well as for each locality. Budget capital is a major source of national capital in infrastructure development in the form of direct funding such as development investment projects and national target programs. The issue of effective management of development investment projects using state budget capital is a matter of concern to the whole society.
In recent times, along with the whole country, Ha Giang province has made great efforts and achieved some results in the field of development investment. Project management according to the Investment Law and the Bidding Law has made progress. Many investment projects have been completed and gradually become effective, contributing to the economic restructuring and gradually improving the material and spiritual life of the people. However, compared to the general level of the whole country, Ha Giang is still a province with a low starting point and internal accumulation from the economy. The total budget for development investment is very small, and the efficiency of using investment capital is limited. Therefore, the issue of improving the efficiency of using development investment capital always attracts the attention of all levels and sectors. Due to the characteristics of socio-economic infrastructure projects requiring large capital, low capital recovery ability, less attractive to other economic sectors or other economic sectors are not allowed to invest but are projects that have a profound impact on economic development, the State budget capital source always plays a pioneering role, there will be more and more investment projects using State budget capital in the near future in Ha Giang province.
To improve the management of investment and development projects using capital.
State budget, the task is not only for investors, project management board but also in all stages and phases of the project from project opportunity research until the project is completed and put into operation. State budget investment projects are a tool for realizing the growth target and economic restructuring of the province, developing cultural and social fields , improving the investment and business environment, attracting resources for development investment, taking advantage of all opportunities from outside for the economic development of the province. Therefore, how to improve the management of investment projects using development investment capital from the State budget is an urgent issue. Based on that practical requirement, the student chose the issue: "Management of development investment projects using budget capital in Ha Giang province" as the graduation thesis of the course.
2. Purpose and research tasks of the thesis
2.1. Research purpose:
Proposing some key solutions to improve the management and efficiency of projects using development investment capital from the State budget in Ha Giang province to meet the requirements and economic development goals in the coming period.
2.2. Research tasks
- Research theoretical and practical issues on the management of development investment projects using state budget capital.
- Analyze the current status of investment project management using state budget capital in Ha Giang in recent times.
- Propose basic solutions to improve the management of development investment projects using state budget capital in the coming period.
3. Subject and scope of the thesis research
3.1. Research subjects:
Management of development investment projects using state budget capital in Ha Giang province.
3.2. Scope of research: :
- Regarding space: Only focus on managing development investment projects using state budget capital managed by the province.
- About time: Research the period from 2008 to present, propose solutions for the next period.
4. Structure of the thesis
In addition to the introduction and list of references, the main content of the thesis is structured into 4 chapters.
Chapter 1: General theoretical issues and overview of research on management of development investment projects using state budget capital.
Chapter 2: Research Methods
Chapter 3: Analysis of the current status of management of development investment projects using state budget capital in Ha Giang province.
Chapter 4: Orientation and solutions to improve the management of development investment projects using state budget capital in Ha Giang province from now to 2020.
CHAPTER 1: GENERAL THEORETICAL ISSUES AND OVERVIEW OF RESEARCH ON INVESTMENT PROJECT MANAGEMENT
DEVELOPING THE USE OF STATE BUDGET CAPITAL
1.1. Concept of investment
1.1.1. Investment concept:
Investment is the investment of capital to achieve one or more specific goals of the capital owner (or the person assigned by the competent authority to manage capital) with certain requirements.
Development investment is the investment of capital to build new, expand or renovate construction works for the purpose of developing, maintaining and improving the quality of works or products and services within a certain period of time.
1.1.2. The role of investment in the economy:
Construction investment plays a very important role in the development process of any economic form, it creates technical facilities, the initial solid foundations for the development of society.
Investing in basic construction to form new projects with modern technological equipment; creating increasingly complete infrastructure facilities to meet the country's development requirements and play an important role in all aspects of economy; politics - society; security - defense.
For a developing country like ours today, effective management of construction projects is extremely important to avoid wasting and losing already very limited resources.
1.2. Investment project concept:
1.2.1. Concept of investment project:
A project is the implementation of a certain purpose or task under the constraints of specified requirements and material resources. Through the implementation of the project to finally achieve a certain set goal and its result can be a product or a service.
According to the Investment Law : An investment project is a set of proposals for medium- or long-term capital investment to conduct investment and business in a specific area, within a specified period of time.
According to the Law on Construction: A construction investment project is a collection of proposals related to the use of capital to carry out construction activities to build new, repair, or renovate construction works to develop, maintain, and improve the quality of works or products and services within a specified time and cost. At the stage of preparing a construction investment project, the project is expressed through a pre-feasibility study report on construction investment, a construction investment feasibility study report, or a construction investment technical and economic report.
1.2.2. Components of the investment project:
- Project objectives: Objectives are expressed at two levels:
+ Development goals are the socio-economic benefits brought about by project implementation.
+ Immediate objectives are specific goals to be achieved in project implementation.
- Results: These are specific, quantifiable results produced from various project activities. This is a necessary condition for achieving project objectives.
- Activities: Are tasks or actions performed
in the project to produce certain results. The tasks or actions along with a specific schedule and responsibilities of the implementing departments will form the project work plan.
- Resources: The physical, financial and human resources required to carry out project activities. The value or cost of these resources is the investment capital required for the projects.
1.2.3. Role of investment projects:
- Investment projects are a means to shift and develop economic structure.
- Investment projects solve the relationship between supply and demand of capital in development.
- Investment projects contribute to building new technical facilities and resources for development.
- Investment projects solve the supply and demand relationship of goods on the market, balancing the relationship between production and consumption.
- Investment projects contribute to continuously improving people's material and spiritual lives, improving the country's socio-economic situation.
1.2.4. Characteristics of investment projects:
To ensure feasibility, investment projects must have the following characteristics:
- Scientific nature : This shows that the person drafting the investment project must have a meticulous research process, carefully and accurately calculating each technical content. Scientific nature is also shown in the process of drafting the investment project, which requires consultation from a professional agency.
- Practicality : The contents of the investment project must be researched and determined on the basis of consideration, analysis and proper assessment of specific conditions and circumstances directly and indirectly related to the operation.