Don't let capital sit idle waiting for projects.

In the early days of summer, across the province's key construction sites, the atmosphere is more intense than ever. Behind the hustle and bustle of thousands of workers lies a common goal: to accelerate the progress of projects, speed up the disbursement of public investment capital, and prevent the flow of development capital from being "stalled" by bottlenecks in the implementation process.

In 2026, with a determination to create new opportunities for economic growth, Lao Cai proactively allocated over 12,400 billion VND for public investment, exceeding the capital plan assigned by the Government. This is considered a crucial resource for completing the infrastructure system, promoting regional linkages, and creating momentum for socio-economic development in the new phase.

However, by the end of May, the total disbursed funds for the entire province had only reached over 1,400 billion VND, equivalent to 11.67% of the annual plan. This figure places immense pressure on investors, localities, and contractors, as the remaining workload in the final months of the year is substantial.

In Pha Long commune, the construction site of the Ethnic Minority Boarding School (primary and secondary levels) is in its final stages. With only a few months left, the project must be completed in time for the new school year.

Amidst the scorching summer sun of the border region, dozens of workers continue to toil tirelessly. Groups of workers divide the tasks among themselves: some complete the structure, others install the electrical and plumbing systems, and still others construct auxiliary facilities.

Nguyen Van Thuy, a construction worker, shared: “This year's weather has been hot and humid for an extended period, and there have been times when we lacked water for construction, but we are all determined to make the most of every hour. We start work earlier in the day and work overtime at night to catch up on the schedule. Everyone understands that this project is of great significance to students in the mountainous border region, so despite the hardships, we are determined to complete it on schedule.”

Not only Pha Long, but also three other boarding school projects in Muong Khuong, Y Ty, and A Mu Sung are racing against time. These are all projects of special significance, contributing to improving learning conditions for students in border areas.

According to Mr. Vu Dinh Dung, the project commander at Pha Long, the current pressure to meet deadlines is immense because there is not much time left to complete the project while the remaining workload is quite large.

“We have developed a detailed construction plan, day by day and week by week. The contractor has arranged overtime shifts and mobilized maximum manpower and equipment to ensure progress. The principle is to not let any difficulties affect the goal of completing the project on time,” Mr. Dung added.

That determination is being demonstrated by concrete figures. Despite facing many difficulties related to terrain, weather, and fluctuating construction material prices, the disbursement progress and the volume of work completed at the boarding school projects have reached a high rate, creating an important foundation for completing the plan this year.

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While in mountainous areas the main difficulties stem from construction conditions, in urban projects, land clearance remains the biggest "bottleneck" affecting the progress and disbursement of public investment funds.

At the Urban Sub-district No. 15 project in Cam Duong Ward, many machines have been mobilized to the site. However, the amount of land handed over remains limited because a large portion of the area is within a protected forest zone and requires the completion of numerous related procedures.

To date, the project has only cleared about 30% of the land. However, the investor and contractor are not choosing to wait. In areas where the land is already cleared, construction is proceeding to maximize time and resources. The guiding principle is "complete construction wherever land is available."

Mr. Bui Duc Thinh, the site manager of the Urban Sub-district No. 15 project, said: “The contractor has committed to the investor to concentrate all manpower and machinery to accelerate progress in areas where construction conditions are suitable. Although material and fuel prices have increased at times, we have maintained a continuous construction pace, ensuring that the project is not interrupted.”

This approach not only helps ensure construction progress but also facilitates the disbursement of funds immediately after completion, avoiding the situation where allocated funds cannot be injected into the economy.

In reality, every dollar of public investment disbursed on schedule will generate demand for labor, materials, transportation services, and many related industries. Conversely, if capital is disbursed slowly, not only will the projects be affected, but opportunities for economic growth will also be missed.

Looking at the practical implementation of key projects, it is clear that disbursing public investment capital is no longer solely the responsibility of the construction or finance sectors, but a shared responsibility of the entire political system.

With the goal of achieving a 45% disbursement rate of public investment capital in the province by the second quarter of 2026, various sectors, localities, and investors are currently focusing on numerous solutions. The province has significantly increased decentralization to localities and investors. Many procedures have been streamlined, and individual responsibilities have been more clearly defined, thereby increasing proactiveness in the implementation process.

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Mr. Cu Minh Quan, Deputy Head of Project Management Department 1, Provincial Investment and Construction Project Management Board, stated: “Our principle is that construction must be inspected and disbursed as soon as it is completed. At the same time, we are accelerating the recovery of advance payments and minimizing the amount of capital tied up. Each project must have a specific disbursement schedule linked to the responsibilities of each unit and individual.”

The spirit of "not letting capital wait for projects" is spreading strongly from management agencies to every construction site. This is not just a slogan but also an urgent requirement in the context of the province setting high growth targets and needing public investment resources as a driving force.

Every dollar invested in projects fuels a stronger impetus for growth. This forms the foundation for Lao Cai to realize its aspiration for rapid and sustainable development in the new era – where public investment truly plays the role of "seed capital," leading and creating momentum for the entire economy.

Source: https://baolaocai.vn/khong-de-von-doi-du-an-post901387.html