Public investment is the driving force in economic development.

Large resources for infrastructure development

Nguyen Thi Minh Khai Ward Medical Station, Bac Kan City, started construction in November 2023 with a total investment of nearly 2.4 billion VND. The project has a total area of ​​984 ^m2.   including a 1-storey station house with many functional rooms, kitchen, warehouse and auxiliary works. After 6 months of urgent construction, the project was completed and put into use. The station was invested in and built to contribute to completing the criteria for Nguyen Thi Minh Khai ward to soon achieve the National Criteria for Commune Health, while improving the quality of health care for the people, reducing pressure on upper-level medical facilities.

In early December 2024, the Cao Son - My Thanh inter-commune road in Bach Thong district was handed over for use. Mr. Nguyen Trung Hau, Deputy Director of the Provincial Traffic Construction Investment Project Management Board , said that with 88 investment projects to renovate and upgrade roads in ethnic minority areas with a total investment of over 134 billion VND, the implementation period is until the end of 2025. However, the investor, the Provincial Traffic Construction Investment Project Management Board, strives to complete the project ahead of schedule. To date, 7/8 routes have been completed and handed over ahead of schedule, the remaining route has reached about 70% of the contract value.

With the attention of the entire political system, the medium-term public investment capital for the period 2021 - 2025 has been effectively implemented by Bac Kan province. The investment projects, after completion, have significantly contributed to completing the infrastructure system, promoting the socio-economic development of the province, and reducing the poverty rate of the locality.

In the period of 2021 - 2025, Bac Kan was assigned by the Prime Minister nearly 14,623 billion VND of the total medium-term public investment plan to implement 252 projects (excluding projects under the decentralized capital source managed by the district). In particular, traffic projects have contributed to renovating and upgrading 50 km of national highways, opening 55 km of new provincial roads, increasing the total length of roads in the province to about 4,512 km; 100% of communes have car roads to the commune center. The electricity infrastructure is basically invested in construction according to the planning, meeting the needs of daily life and production. Thanh Binh Industrial Park Phase I has invested to complete the remaining area. The whole province has established 7 industrial clusters with a total area of ​​234.9 hectares, of which 3 industrial clusters are invested from the state budget; 99 rural centralized water supply works were repaired, upgraded and newly built, contributing to maintaining the rate of households using hygienic water at 98.5%, increasing the rate of households using clean water meeting QCVN to 44.61%. Commercial infrastructure was invested in, built and upgraded to basically meet the needs of buying, selling, exchanging goods and consumption of the people. Information, communication, broadcasting and digital transformation infrastructure is increasingly widespread and modern. There are 90 schools, 57 medical facilities invested in new construction, renovation, repair and upgrade; 27 new communal cultural houses were built...

Public investment capital has been contributing to leading and attracting domestic and foreign private capital in the province. Up to now, state budget capital has increased 1.3 times compared to the 2016 - 2020 period, accounting for 50% of the total capital plan (the 2016 - 2020 period accounted for 56%); non-state investment capital has increased 1.7 times compared to the previous period, accounting for 50% of the total capital plan (the 2016 - 2020 period accounted for 44%).

Strengthen leadership, direction and close management

The above results are due to the fact that over the past years, Party committees and authorities at all levels in the province have regularly paid attention to leadership, closely directed, and included public investment management in the annual resolution and plan development program so that each cadre, civil servant, and party member identifies public investment management as a regular and continuous task; ensuring that public investment is implemented in a focused, synchronous, quality, economical, effective, public, transparent manner, in accordance with the strategy, planning, socio-economic development plan, and the ability to balance local resources.

From 2021 to present, the Provincial People's Council has issued 12 Resolutions, the Provincial People's Committee has issued 23 Decisions on legal regulations on public investment. Departments, branches and sectors have promptly issued many guiding documents on construction investment activities, on increasing disbursement of capital plans and project payment and settlement. The Provincial People's Committee has asked for opinions from the Standing Committee of the Provincial Party Committee, the Standing Committee of the Provincial Party Committee, and the Party Committee of the Provincial People's Committee for investment projects and assigned medium-term public investment plans for 2021 - 2025 before directing specialized agencies and localities to develop, prepare reports proposing investment policies, conduct appraisals and submit them to the Provincial People's Council for approval or approve investment policies according to their authority.

To speed up the implementation and disbursement of the public investment capital plan, Bac Kan has proactively established the Steering Committee for key transport projects; the Working Group to promote the disbursement of the provincial state budget investment plan; the Steering Committee for implementing key investment projects in the province; the Steering Committee for implementing national target programs for the period 2021 - 2025; the Working Group to resolve and remove difficulties and obstacles in implementing national target programs in the province; the Working Group to resolve and remove difficulties and obstacles in implementing public investment projects managed by the provincial level... Thereby promptly implementing many solutions to remove difficulties for units and investors and reporting to the Government, the Government's Working Group, and the Ministry of Planning and Investment to consider difficulties and shortcomings in implementing public investment projects. Every month, in the regular meeting of the Provincial People's Committee, the leaders of the Provincial People's Committee regularly evaluate and urge the progress of public investment projects; organize field inspections to urge departments, branches, localities, and investors to promote the disbursement of public investment capital...

The work of leadership, direction and urging the implementation of public investment projects has always been of interest to the Party Committee and government of Bac Kan province.

Promoting the "locomotive" role of public investment

In addition to positive results, the implementation of public investment in recent years has still revealed many difficulties and obstacles. In particular, the issuance of policies and documents guiding the implementation of public investment projects in some cases is still slow, causing difficulties in implementation, or the establishment and preparation of investment is not really effective, so many projects have to adjust investment policies, adjust projects, affecting the progress of implementation and disbursement of projects. Site clearance for some projects is not timely due to unsynchronized land policies, project preparation capacity and project implementation organization have not met the requirements. Some commune-level localities do not have specialized officials in construction investment; groups of workers and local communities implementing specific projects are weak in the capacity to prepare construction documents, so implementation and disbursement are slow. Many projects have had implementation volume but investors have concentrated payment and settlement at the end of the year, so the disbursement progress is slow.

To maximize the role of public investment as a "locomotive" for socio-economic growth, Bac Kan province determines to further strengthen the leadership and direction of Party committees and authorities at all levels, promote the role and responsibility of leaders in leading and directing public investment activities; promote the role of the Vietnam Fatherland Front and its member organizations in supervising the implementation of public investment projects, especially projects implementing national target programs.

The work of disseminating and popularizing newly issued Laws, Decrees, documents and policies related to public investment activities must be effectively implemented. Proactively issue documents directing and guiding the implementation to the subjects participating in public investment activities under the management of each department, branch, sector and mass organization of the province. Strengthen inspection work to promptly remove obstacles and difficulties in the implementation of public investment projects. In the immediate future, on the basis of the regulations on principles, criteria and norms for allocating public investment capital from the state budget for the period 2026 - 2030 of the Central Government, urgently develop principles, criteria and norms for allocating public investment capital from the state budget for the period 2026 - 2030 in the province.

Develop a medium-term public investment plan for the 2026-2030 period in conjunction with the implementation of socio-economic development goals for the 2026-2030 period, ensuring compliance with the goals, orientations, and principles as prescribed. Focus on improving the effectiveness of investment preparation; strengthen the review work to ensure that programs and projects arranged in the medium-term and annual public investment plan must have full investment procedures as prescribed by the Law on Public Investment.

Strengthen coordination between levels, sectors and localities in implementation. Focus on monitoring and evaluating the implementation of public investment plans and specific investment programs and projects; strictly handle violations by entities participating in construction investment activities, especially violations that cause loss and waste of state budget capital and violations in construction quality.

Maximally mobilize and effectively use investment capital sources of the economy according to the market mechanism. In particular, for public investment capital, it is necessary to focus on investing in national target programs, important, key projects, of great significance, spreading to inter-regional socio-economic development. For loan capital sources for investment in socio-economic infrastructure, prioritize investment in developing a synchronous, large-scale and modern infrastructure system; developing human resources, especially high-quality human resources, developing science, technology and knowledge economy. Regarding investment in the private sector and residents, encourage investment in increasing equipment with advanced technology, applying high technology, investing in developing high-value products; investing in industrial parks and industrial clusters. For foreign direct investment (FDI), selectively attract high-quality, high-tech, environmentally friendly projects with competitive products and in line with the province's economic restructuring orientation.

Strengthen and improve the team of civil servants, public employees, and those working in investment management activities, especially civil servants at district and commune levels. Strengthen the management of the operational capacity of enterprises in the construction sector, especially enterprises operating in construction consultancy activities…/.

Source: https://backan.gov.vn/Pages/dau-tu-cong-la-dong-luc-dan-dat-trong-phat-trien-k-637f.aspx