Lam Dong accelerates investment and development.

From the beginning of 2025, the Provincial People's Committee directed departments, agencies, district and city People's Committees, and investors to focus on implementing comprehensive solutions to accelerate the disbursement of public investment capital. This requirement was further intensified as the deadline for streamlining the administrative apparatus to implement the two-tiered local government model approached, with the goal of bringing public investment projects into service as soon as possible and ensuring their effective use…

The intersection of Tran Phu - Ba Thang Hai - Tran Le (Da Lat) has just been paved with asphalt as part of the 1.2 km Hoang Van Thu Road Upgrade and Expansion Project.

In 2025, the total public investment plan allocated to the province was VND 7,173.422 billion; to date, VND 7,170.42 billion has been disbursed, reaching 99.96% of the planned capital. As of March 31, 2025, the total disbursed capital was VND 431 billion out of VND 7,173.422 billion, reaching 6% of the plan (a decrease of 0.9% compared to the same period); of which: Local budget: disbursed capital of VND 310 billion out of VND 5,258.21 billion, reaching 5.9% of the plan; Central government budget: disbursed capital of VND 121 billion out of VND 1,915.212 billion, reaching 6.3% of the plan.

Assessing the growth scenario, Mr. Ton Thien San - Director of the Department of Finance, stated that in the first quarter of 2025, approximately 15% (equivalent to a disbursed capital of VND 1,076 billion) should be achieved; however, based on the actual situation, the estimated disbursement reached only about 6% of the planned capital, lower than the target of about 9%. Some reasons cited include: For the two Tan Phu - Bao Loc and Bao Loc - Lien Khuong Expressway projects (total planned capital of VND 3,359.684 billion, accounting for 46.8% of the plan), disbursement has not yet been made due to ongoing coordination with investors to revise and finalize the feasibility study report; the Project to Improve Infrastructure for Agricultural Development in Lam Dong Province (funded by Japanese ODA loan): planned capital of VND 48.7 billion, with VND 1.288 billion disbursed, reaching 2.6% of the plan; The project owner is coordinating with an international consulting firm to prepare the design drawings and cost estimates, and is also coordinating with local authorities to carry out land clearance work…

As of April 7th, the disbursement rate for the 2025 plan only reached 7.6%. Most provincial-level departments, agencies, and project owners had disbursement rates lower than the provincial average (only 2.3%), including: the Provincial General Hospital, Loc Son - Phu Hoi Industrial Park Infrastructure Development Company, the Provincial Police Department, Lam Dong Hospital II, the Provincial Party Committee Office, the Department of Construction, the Provincial Women's Union, forest management units, and two expressway projects that have not yet disbursed funds; three localities had low disbursement rates: Lac Duong (5.4%), Da Lat (12.4%), and Don Duong (12.5%).

According to provincial leaders' assessments, the disbursement of public investment capital is slow; the implementation of some key projects is also behind schedule and planned; the progress of inspection, review, and resolution of difficulties and obstacles for 203 non-budgetary capital projects is also slow, failing to meet the requirements as directed by the Provincial Party Committee and the Provincial People's Committee... In addition, since the beginning of the year, many projects are under construction and land clearance work, but have not yet undergone acceptance testing to disburse capital; among them, about 22 projects with capital exceeding 20 billion VND (total planned capital of 1,818 billion VND, accounting for 25.3%) have low disbursement rates; 128 projects in the investment preparation phase with a total capital of 175 billion VND, accounting for 2.4%, have not been disbursed because most investors are still preparing investment policy proposals for appraisal. Some projects are lacking materials, and the earthworks have not yet been resolved…

At the conference reviewing the socio -economic situation in the first quarter of 2025, Chairman of the Provincial People's Committee Tran Hong Thai requested: A strong reform of leadership and management methods is necessary; focus on addressing and removing "bottlenecks" and "barriers," and definitively resolving weaknesses and obstacles related to planning, investment, and land to mobilize and unlock all resources for investment in socio-economic infrastructure, especially transportation, healthcare, education, culture, sports, and climate change mitigation. In addition, accelerate the disbursement of public investment capital; improve the efficiency of projects using public investment capital. In particular, resolutely mobilize all resources and prepare well for investment to accelerate the implementation of the Tan Phu - Bao Loc and Bao Loc - Lien Khuong Expressway projects. Focus on resolving difficulties and obstacles, especially for key projects, national target programs, etc.

To date, five projects have completed the necessary procedures and commenced investment and construction activities (two projects, Dong Thanh Reservoir and Kazam Reservoir, are continuing construction); one project has completed some investment items and is currently undergoing a review of implementation details and completing procedures for continued implementation (the Da Lat City Smart City Development Project); one project (Ta Hoet Reservoir) is still facing many difficulties and obstacles in compensation and land clearance; and one project (Dai Ninh Lake Tourist Area) is currently undergoing investigation and inspection. In addition, the National Highway 28B project has received investment approval and is scheduled to commence construction in 2024…

In order to overcome difficulties and bring projects into life, and maximize the effectiveness of construction works, the province has established 7 inter-agency inspection teams to review investment projects funded by non-budgetary capital in Lam Dong province; 3 working groups are actively working to inspect and supervise localities on the socio-economic development situation, budget revenue, disbursement of public investment capital, investment attraction, organizational restructuring and streamlining, and resolving difficulties and obstacles in the area... The Department of Construction has established a working group to resolve difficulties and obstacles related to planning for investment projects in urban areas of the province..., identifying and resolving many issues affecting and hindering the implementation of projects... aiming to bring public investment projects into service as soon as possible and to serve effectively.

Source: https://baolamdong.vn/kinh-te/202504/lam-dong-tang-toc-dau-tu-phat-trien-6d038ce/