Public investment projects accelerate towards completion.

Identified as a driving force for economic growth in the final months of 2025, public investment projects are racing against time to reach the finish line on schedule, ensuring 100% disbursement of allocated capital.

Construction on the Hai Thanh bridge project has accelerated after Hung Dao ward handed over the land for the project.

Construction is progressing rapidly.

At over 11 a.m., the construction site of package 20 of the Ring Road 2 project, section Hung Dao - Tan Vu - Bui Vien Street, was still buzzing with the sounds of drilling and excavating machines. According to the Hai Phong Investment and Construction Project Management Board for Transportation and Agriculture Projects, the shortage of materials and the delay in site clearance for many packages, coupled with the city's continuous stormy weather over the past few months, have created numerous difficulties for the construction units.

According to Vu Van Cuong, Deputy Director of the Ring Road 2 Project Management Board, after numerous requests to the Hung Dao Ward People's Committee, land clearance work in the area has shown significant progress. Most recently, on October 17th, the Ward People's Committee forcibly evicted the last two households from the 2.2 hectares of public land managed by the local authorities. This area is where the pillars and access roads of the Hai Thanh Bridge are being constructed, and the handover of the land has helped the contractor accelerate progress as committed. Local authorities are "racing against time" in land clearance, thus speeding up the project's construction volume. As of October 20th, the disbursement of construction funds for 2025 has reached 96.1%.

At the construction site of the road project from berth No. 3 to berth No. 6 (Lach Huyen port area), these days the sounds of horns from material transport vehicles and pile drilling machines are always bustling. Mr. Tran Van Toan, the site manager (Song Hong Joint Stock Company), said: since the start of construction, the project has faced many adverse weather conditions, but with the spirit of "overcoming the sun and rain, not defeated by wind and storms," ​​after more than two months, the contractor has completed 71,642/319,540 ^m³ of road embankment...

As the city enters the dry season, which is very suitable for construction activities, the contractor will soon mobilize more machinery and combine this with overtime and shift work to strive to complete the asphalt paving of the first 880 meters of the route by December 2025, so that vehicles can easily access and exit ports No. 3, 4, 5, and 6 of Lach Huyen.

Disbursing funds for the construction of model new rural areas in 2025 is a key task that the regional project management boards in the city are focusing on. According to Luong Hai Chau, Deputy Director of the Tien Lang Regional Project Management Board, the cumulative disbursement volume to date has reached nearly 600/992.8 billion VND, equivalent to over 60% of the plan. To ensure the earliest possible disbursement of 100% of public investment capital, the unit is actively directing contractors to mobilize machinery, personnel, and materials to bring projects into operation as soon as possible.

Key drivers of growth

Disbursing public investment funds is considered a crucial driver contributing to economic growth.

By the end of October 16th, the entire city had disbursed 24,393/35,893 billion VND, reaching 68% of the capital plan assigned by the Prime Minister and 62.4% of the capital plan assigned by the City People's Council. Notably, several project owners exceeded the disbursement targets set in City Plan 175/KH-UBND, including: the Hai Phong Investment and Construction Project Management Board for Transportation and Agriculture (72.5%); the West Hai Phong Investment and Construction Project Management Board (62%); and the Thuy Nguyen Area Management Board (58.3%). Based on the disbursement situation and reallocation plan, it is projected that by January 31st, 2026, the city will have disbursed 38,729 billion VND, equivalent to 107.9% of the capital plan assigned by the Prime Minister and 98.6% of the capital plan assigned by the City People's Council.

In 2025, the city aims for an economic growth rate of 12.25%. To achieve this figure, the economy must accelerate in the fourth quarter. The three pillars of economic growth currently identified are exports, investment, and consumption. Of these, investment, especially public investment, is expected to be the driving force and "seed capital" to boost growth and stimulate investment across society.

Recently, the Standing Vice Chairman of the Ho Chi Minh City People's Committee, Le Anh Quan, chaired a meeting on the disbursement of public investment capital for the first 10 months of 2025. With the spirit of "racing against time," every figure was reviewed, every "flow of capital" was unlocked, and every project at risk of delays or missed deadlines was identified… all with the goal of achieving 100% disbursement of public investment capital and maintaining the city's economic growth momentum.

The city has set clear targets for each month. Specifically, by the end of October, the disbursement value reached VND 25,241 billion, achieving 70% of the plan; by the end of November, the disbursement value reached VND 27,984 billion, achieving 77.9% of the plan; by the end of December, the disbursement value reached VND 34,675 billion, achieving 96.6%; and by January 31, 2026, the disbursement value will be VND 38,729 billion, exceeding the capital plan assigned to the city by the Prime Minister for 2025 by 7.9%.

Entering the final stretch, the disbursement of public investment capital, especially funds allocated to transportation, infrastructure, and rural development projects, must be completed on schedule or ahead of schedule to be a major driving force for economic growth. This requires each investor, department, and locality to closely follow the city's disbursement and economic growth plan to strive for the highest possible results.

Specifically, the Department of Construction needs to regularly inspect the progress of construction projects to direct and urge investors and construction units to overcome difficulties and adverse weather conditions to accelerate construction. The Departments of Finance and Natural Resources and Environment must strictly implement the reduction of administrative procedures to work with investors to expedite acceptance and final settlement.

MINH KHOI

Source: https://baohaiphong.vn/du-an-dau-tu-cong-tang-toc-ve-dich-524451.html