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Celebrating 20 years of establishment of Provincial Development Investment Fund

Việt NamViệt Nam24/12/2023

Also attending were comrade Tran Song Tung, member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Committee; comrade Dinh Quoc Tri, former member of the Provincial Party Standing Committee, former Permanent Vice Chairman of the Provincial People's Committee, former Chairman of the Provincial Development Investment Fund Management Board; leaders of the Provincial Vietnam Fatherland Front Committee; a number of departments, branches, sectors and localities.

The Provincial Development Investment Fund was established on December 26, 2003 with the function of receiving and effectively using capital assigned by the Provincial People's Committee according to the principle of capital preservation and development, mobilizing common, long-term capital from domestic and foreign organizations and individuals according to the provisions of law to invest in socio -economic development of the province.

After 20 years of construction and development, with the attention, direction and facilitation of leaders at all levels, the coordination of relevant departments and branches, and the spirit of solidarity, determination, efforts and innovative thinking, creativity and efficiency of the staff, the Provincial Development Investment Fund has gradually improved its financial capacity, expanded its scale, operational efficiency and grown more and more.

The Fund has become an important capital mobilization channel, contributing to meeting socio-economic development goals, improving infrastructure, environment,education , improving people's quality of life and promoting sustainable development of the province.

The Fund's operating capital has increased from 40 billion VND in the early days of its establishment to over 460 billion VND, an increase of nearly 11 times. The Fund's total revenue is over 320 billion VND. Over the past 20 years, the Fund has lent over 100 priority socio-economic infrastructure investment projects in the province with a total investment of over 2,600 billion VND. The total disbursed amount is over 625 billion VND, accounting for 23.7% of the total investment of the projects.

In 2014, the Fund began to participate in the field of direct investment activities with projects, contributing to promoting infrastructure development, socio-economic development, improving people's quality of life, helping localities complete the criteria in building new rural areas. Typical examples include Khanh Nhac market project; But market; investment project to build infrastructure for commercial housing area in Ninh Hai commune, Hoa Lu district with a total investment of nearly 100 billion VND...

The organizational structure has been gradually consolidated and improved. The Fund has over 40 staff members, 100% of whom have university or post-graduate degrees, and regularly enhances the application of information technology in the process of operation and work processing. Currently, 90% of work and records are processed through electronic applications, meeting the requirements of administrative reform and digital transformation.

In addition to its professional tasks, the Fund also regularly maintains and coordinates the implementation of social security work, humanitarian charity, visits and presents gifts to policy families, poor households, students in difficult circumstances, and supports the construction of gratitude houses with a total amount of over 2 billion VND.

With the achievements over the past 20 years, the Fund has been honored to receive a Certificate of Merit from the Prime Minister and the Provincial People's Committee...

Celebrating 20 years of establishment of Provincial Development Investment Fund
Comrade Pham Quang Ngoc, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee gave a speech at the ceremony.

Speaking at the ceremony, Comrade Pham Quang Ngoc, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee warmly praised, congratulated and highly appreciated the efforts and development steps of the Fund in recent years. The Fund has operated in accordance with its objectives and principles, basically fulfilling the requirements and tasks assigned by the Provincial Party Committee, People's Council and Provincial People's Committee; creating an important capital mobilization channel for socio-economic infrastructure investment projects, contributing to the implementation of the policy of socializing investment and reducing pressure on public investment capital.

The Fund's activities have contributed positively to the comprehensive development of the province in recent years, namely: The economy has continuously grown well, its scale has expanded, its structure has shifted in the right direction, reasonably with industry - construction and services accounting for nearly 90%, social culture has developed, social security has been ensured, international integration has been deep, it is a safe destination, creating trust for tourists and investors.

He emphasized that the province has been focusing on implementing the Resolution of the 22nd Provincial Party Congress, term 2020-2025, especially one of the three breakthroughs "Focusing on investing in developing synchronous, effective and quality infrastructure". At the same time, based on the achievements and practical situation, the province is focusing on implementing very large and strategic viewpoints, goals and tasks, shaping development for many future stages, demonstrating the great aspirations of the Party Committee, government and people of Ninh Binh province, which are: Building Ninh Binh province by 2030 to become a fairly developed province, basically meeting the criteria of a centrally-run city; by 2035 to become a centrally-run city, a typical model of harmoniously combining restoration, heritage conservation and development.

To contribute to the successful implementation of those goals, he suggested that in the coming time, the Provincial Development Investment Fund should continue to closely follow the viewpoints, goals, and strategic orientations for socio-economic development of the province; proactively develop programs, plans, and schemes to mobilize, manage, and effectively use capital sources.

Focus on consolidating the apparatus, improving the quality of the staff, civil servants and workers to ensure both professional and technical qualifications and agility and dynamism. Pay attention to building a professional, modern and effective office culture environment, promoting breakthrough thinking, daring to think, daring to do, daring to take responsibility for the common good and for the development of the province.

Continue to review, amend and supplement regulations and business processes to ensure compliance with regulations and reality, promptly remove obstacles, create a transparent and convenient mechanism for procedures, lending conditions, while strictly enforcing discipline on loan terms, strengthening inspection and supervision, ensuring the principle of capital preservation and development, and limiting bad debts and overdue debts.

Continue to study legal regulations and actively advise superior agencies to resolve difficulties in the process of operation. Thereby supporting units to shorten the implementation time of key projects of the province and improve the efficiency of using public investment capital.

He requested departments, branches, and People's Committees of districts and cities to strengthen guidance, coordination, and support so that the Fund can promote its role and tasks and improve its effective operations in the coming time.

Celebrating 20 years of establishment of Provincial Development Investment Fund
Comrade Tran Song Tung, Member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Committee awarded Certificates of Merit from the Provincial People's Committee to individuals with outstanding achievements.

At the ceremony, comrade Tran Song Tung, member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Committee, awarded Certificates of Merit of the Provincial People's Committee to 3 collectives and 10 individuals with outstanding achievements in emulation movements on the occasion of the 20th anniversary of the establishment of the Provincial Development Investment Fund.

Minh Hai - Duc Lam


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