In 2024, while many localities nationwide faced difficulties in disbursing public investment capital, Thanh Hoa province consistently ranked among the top provinces in terms of disbursement. As of October 28th, Thanh Hoa had disbursed 9,301.7 billion VND, reaching 65.9% of the allocated capital plan, ranking 4th nationwide. Entering the peak "sprint" in the final months of the year, investors and construction units are determined to resolve remaining bottlenecks and organize efficient construction to achieve the goal of disbursing 100% of this capital.
Public investment is not only a driving force for economic growth, but also considered "seed capital" to activate other social resources to participate in socio-economic development. Following the principle of avoiding scattered investments, Thanh Hoa province is prioritizing the allocation and implementation of these funds on projects that bring about strategic breakthroughs in infrastructure, with the expectation of creating new development opportunities in the future!
"Pioneering" projects
For example, the Ben En National Park (Nhu Thanh district), dubbed the "Ha Long Bay of Thanh Hoa province," boasts a diverse range of mountains, forests, rivers, and lakes, along with caves adorned with shimmering, mystical stalactites and stalagmites. It possesses all the elements to develop into an ideal national-level ecotourism destination. This area promises a significant transformation as the large-scale Van Thien-Ben En road project nears its opening.
By the end of October, the appearance of the billion-dollar, four-lane highway had basically taken shape. The Van Thien interchange was also opened to traffic, connecting with the Eastern North-South Expressway. From this interchange, vehicles traveling north and south on the expressway can gaze towards western Thanh Hoa, with the undulating hills surrounding the picturesque and fascinating Ben En lake... In particular, the completed road will provide a further impetus to the determination of large-scale investors to develop the Ben En tourist area, creating new growth momentum for the southwestern districts of the province.
Officially commenced on August 22, 2022, a massive amount of work has been swiftly implemented by the construction investor, the Thanh Hoa Provincial Transport Project Management Board, and the land clearance investor (the People's Committees of Nong Cong and Nhu Thanh districts). 69 hectares of land were acquired, affecting 822 households, including 110 households requiring resettlement. The authorities of Nong Cong and Nhu Thanh districts mobilized the entire political system to focus on implementation, with 99% of the total length of the route already handed over.
Mr. Bui Anh Tuan, Deputy Head of Project Management Department 2, Thanh Hoa Provincial Public Transport Investment Project Management Board, and Chief Supervisor of the Van Thien to Ben En road project, said: “The construction site is currently mobilizing 17 construction teams to implement almost all items; including 7 teams constructing the roadbed, 6 teams constructing the crushed stone base, 3 teams constructing the foundation, sidewalks, and greenery, and 1 team constructing electrical items. 70% of the construction volume, with 12km of roadbed completed, and all 6 bridges on the route have been completed up to the bridge deck and railings. In coordination with the authorities of Nong Cong and Nhu Thanh districts to resolve some remaining obstacles in land clearance, we are also strengthening construction supervision to ensure the quality of the items for partial acceptance, striving to complete this major project by the Lunar New Year of 2025.”
Directly connected to the Van Thien to Ben En road project, Nhu Thanh district has also completed the Ben En to Ben Sung town center road project, with a total length of 2.8km. This road has contributed to connecting the Ben En tourist area with National Highway 45 and the Ho Chi Minh Highway, facilitating the attraction of tourists traveling from the Ho Chi Minh Highway to the tourist area, and gradually forming the eastern ring road of Ben Sung town according to the plan. This road also simultaneously shares traffic flow with National Highway 45 through the center of Ben Sung town, opening up space for development and exploitation of land in the Ben Sung town area, and enhancing the connectivity of Ben Sung town with the Ben En and Am Tien tourist areas.
Comrade Han Van Huyen, Vice Chairman of the People's Committee of Nhu Thanh District, said: "Amidst the numerous land clearance tasks for many key and urgent projects that the district needs to implement this year, the local Party committee and government have focused intensely on land clearance and supervision of this project's construction. Currently, the project has been completed and put into operation according to the planned schedule."
With the motto "transportation leads the way," from 2021 to the present, public investment capital allocated by the Central Government and the province has invested in upgrading, expanding, and constructing new national and provincial roads with a total length of 594.9 km, 1.3 times the target set in the term. Many important projects have been put into operation, significantly contributing to inter-regional connectivity, gradually completing the regional transportation infrastructure network, creating favorable conditions for people's travel and trade, and attracting investment for development. A number of projects completed and put into operation this year include: the road from National Highway 1A to the starting point of the East-West 4 road to Nghi Son Port with a total investment of 1,343 billion VND; the project to renovate and upgrade Provincial Road 506B from Lam Son town to Tho Lap commune (Tho Xuan district) with a total investment of 138 billion VND; The projects include the construction of Ben Kem Bridge (Ba Thuoc district) with a total investment of 80 billion VND; and the road connecting Yen Cat town to Tan Binh commune...
Last May, the bridge connecting joyful shores – the bridge across the Chu River with a total investment of over 921 billion VND – was successfully completed. This key project, now officially operational, will open up opportunities for trade and goods exchange for the people of Tho Xuan and Thieu Hoa districts and surrounding areas; it will also shorten the travel time to Tho Xuan Airport for residents and investors from Thieu Hoa, Yen Dinh, and Vinh Loc districts.
Unleashing public investment resources to drive investment.
Given that the state budget has not been able to meet the "thirst" for investment, especially in the infrastructure sector requiring large capital, "seed capital" from public investment in Thanh Hoa has played a crucial role in activating resources from the public-private partnership (PPP) investment sector.
This summer, the Sam Son City Beach Square - Festival Landscape Axis project, covering 15 hectares with a total investment of nearly VND 1,456 billion, implemented by Sun Group in cooperation with Thanh Hoa province under the PPP model, was inaugurated, contributing to the "upgrade" of tourism in Sam Son in particular and Thanh Hoa in general. It is known that this is just one "highlight" in the multi-billion dollar "mega-project" - the Sam Son beach square and ecological tourism, resort, and entertainment complex. When the project becomes fully operational, it will not only contribute to changing the face of the tourism industry, helping to attract more luxury and international tourists to the coastal city, but also create a high-class ecosystem including large-scale projects, thereby improving the investment environment and creating momentum to attract more large domestic and foreign corporations to invest and do business in Sam Son City in particular and Thanh Hoa in general.
It is known that in 2023-2024, three PPP projects – the construction of a clean water and raw water supply system for urban areas along National Highway 47 in Thanh Hoa City and its surroundings; the coastal road section from Hoang Hoa to Sam Son and the section from Quang Xuong to Nghi Son; and the Sam Son City beach square and festival landscape axis – are key projects that Thanh Hoa province is actively promoting.
Furthermore, along with institutional building and creating a favorable environment for production and business development, state resources have been and are being focused on investing in essential infrastructure and attracting domestic and foreign investors. This will also create a ripple effect, stimulate development, increase the scale of the economy, improve people's lives, and significantly change the appearance not only of the province but also of the surrounding areas.
A highlight in attracting foreign direct investment, from 2016 to the present, Yen Dinh district has successfully attracted 84 new projects with a total investment of 9,900 billion VND. Notably, in the two years from 2021-2023, the district mobilized 25 projects with a total investment of 4,560 billion VND; including 5 foreign direct investment (FDI) projects. From 2016-2023, the total investment capital mobilized for development in Yen Dinh district was approximately 24,472 billion VND, 4.5 times higher than the 2011-2015 period. Significantly, industrial clusters in the district are attracting many investors, such as: Industrial Cluster No. 1 in Quan Lao town with an area of 72.5 hectares has achieved a 59% occupancy rate; Industrial Cluster No. 2 has achieved a 22.7% occupancy rate. The Quy Loc Industrial Cluster, covering an area of 22.9 hectares, has received approval from the Provincial People's Committee for the investment in a garment manufacturing project with an area of approximately 4.2 hectares.
According to the leaders of Yen Dinh district, with the view that infrastructure is the leading factor in paving the way, the locality has focused on reviewing planning and taking advantage of capital sources to invest in the construction of technical infrastructure systems, especially transportation infrastructure. To date, many transportation routes in the district have been renovated, upgraded and expanded, connecting the district's administrative center with the centers of communes and surrounding areas, with industrial clusters and new residential areas, creating new development corridors.
Some well-planned investment projects in Yen Dinh district include: the road project connecting National Highway 45 in Dinh Lien commune with National Highway 47B in Yen Truong commune; the project to renovate and upgrade the road from Yen Hoanh bridge to the southern bypass of Quan Lao town; and the bypass road of National Highway 45 leading to the industrial cluster in the northwest of Quan Lao town... These projects are all planned with a focus on key areas, designed with a long-term vision, and linked to the goal of building advanced new rural areas and the orientation of developing Yen Dinh into a provincial-level urban area in the future.
In particular, with the determination to quickly bring the Nghi Son Economic Zone (NSEZ) to its full potential, the central government and the province have prioritized allocating state resources to develop the area's infrastructure, with many transportation infrastructure projects already underway. The Ministry of Transport invested in the North-South expressway section through the NSEZ (phase 1) with a scale of 4 lanes, completed and put into operation in September 2023. The project to renovate and upgrade the maritime channel leading to the ports in the South Nghi Son area, Thanh Hoa province, has also been completed.
From 2021 to the present, the provincial budget has mobilized approximately 6,296 billion VND to implement many important projects such as: the East-West 4 road project to Nghi Son Port, the Tuan Cung river improvement project, the North-South 2 road project, the East-West road project connecting North-South 1B road with North-South 3 road, and the road from National Highway 1A to the starting point of East-West 4 road to Nghi Son Port. Many large projects are being actively expedited, such as: the extended East-West 1 road - Nghi Son Economic Zone; investment in the construction of main traffic routes in the West - Nghi Son Economic Zone; comprehensive development of dynamic urban areas - the Tinh Gia urban sub-project, Thanh Hoa province; the road connecting the North-South Expressway and National Highway 1A to Nghi Son Port; investment in the drainage system of Road 513 - Nghi Son Economic Zone;...
Comrade Nguyen Tien Hieu, Head of the Management Board of Nghi Son Economic Zone and Industrial Parks of the province, said: “The Nghi Son Economic Zone has currently attracted 311 domestic investment projects with a total registered investment capital of approximately VND 161,619 billion and 25 foreign investment projects with a total registered investment capital of over USD 12.8 billion. In 2025, the Nghi Son Economic Zone is expected to attract large, key projects that investors have recently shown interest in and surveyed, such as: the Vietnam-India High-Tech Pharmaceutical Industrial Park with a total investment of USD 62 million; Dai Duong 3 Cement Plant with a total investment of VND 5,990 billion; the expanded Nghi Son North Port area with a total investment of VND 14,119 billion; and the Nghi Son LNG power plant project with a total investment of VND 58,026 billion.”
During the period 2021-2024, the province attracted 350 direct investment projects (including 55 FDI projects), with a total registered investment capital of approximately VND 58,480 billion and USD 831.6 million. Thanh Hoa has seen the emergence of world-class companies among the top 200, such as: Idemitsu Kosan Group; Marubeni Corporation, Mitsui Chemicals; Taiheiyo Cement Corporation (Japan); Kepko Group (South Korea); SK Engineering & Construction (South Korea); Kuwait Petroleum International (Kuwait); Musim Mas Group (Singapore)... The operation of these national and international-scale factories has enhanced the prestige and position of Thanh Hoa's products, not only domestically but also internationally. |
In particular, to maximize the effectiveness of investment in the North-South expressway, Thanh Hoa province has mobilized investment resources, allocating nearly 8,300 billion VND from the provincial budget to invest in several large-scale projects with 4-8 lanes, connecting key provincial roads with the expressway project through interchanges, creating a "lever" to attract investment.
Starting from a low base, Thanh Hoa province has now attracted the attention of many well-known domestic and foreign investors. Soon, the AEONMALL Thanh Hoa Shopping Center project will commence; and investment projects for the construction and operation of industrial park infrastructure – Phu Quy with a total investment of 55 million USD, Giang Quang Thinh with a total investment of 53 million USD, and the industrial park in the west of Thanh Hoa City with a total investment of 122 million USD – are also about to be realized following memorandums of understanding. These are the "sweet fruits" demonstrating the efforts and attractiveness of Thanh Hoa's investment environment, including the breakthroughs in infrastructure development.
Reporters' Team
Lesson 2: Thoroughly resolve the issue.
Source: https://baothanhhoa.vn/giai-ngan-von-dau-tu-cong-quyet-tam-giu-vi-the-top-dau-bai-1-kich-hoat-nguon-luc-229448.htm
![[Photo] Prime Minister Pham Minh Chinh holds a phone call with the CEO of Russia's Rosatom Corporation.](/_next/image?url=https%3A%2F%2Fvphoto.vietnam.vn%2Fthumb%2F1200x675%2Fvietnam%2Fresource%2FIMAGE%2F2025%2F12%2F11%2F1765464552365_dsc-5295-jpg.webp&w=3840&q=75)
![[Photo] Closing Ceremony of the 10th Session of the 15th National Assembly](/_next/image?url=https%3A%2F%2Fvphoto.vietnam.vn%2Fthumb%2F1200x675%2Fvietnam%2Fresource%2FIMAGE%2F2025%2F12%2F11%2F1765448959967_image-1437-jpg.webp&w=3840&q=75)
![[OFFICIAL] MISA GROUP ANNOUNCES ITS PIONEERING BRAND POSITIONING IN BUILDING AGENTIC AI FOR BUSINESSES, HOUSEHOLDS, AND THE GOVERNMENT](https://vphoto.vietnam.vn/thumb/402x226/vietnam/resource/IMAGE/2025/12/11/1765444754256_agentic-ai_postfb-scaled.png)
Comment (0)