Using public investment to "lead" private investment.

With the goal of using public investment to "lead" private investment, the province has paid special attention to key projects, especially transportation projects, over the years. The Provincial People's Committee directs departments, agencies, and project management boards to coordinate with districts, towns, and cities to focus on revenue collection, land clearance for projects, and accelerating the disbursement of public investment capital; supporting contractors in resolving administrative procedures and construction work, ensuring improved investment efficiency.

The East-West regional road project, fully named the Investment Project for the Construction of a connecting road from National Highway (NH) 1A intersecting with the Cau Gie - Ninh Binh Expressway via the Liem Son interchange, passing through Binh Luc district and intersecting with NH 21A, NH 21B, and the road connecting the Hanoi - Hai Phong and Hanoi - Ninh Binh expressways; connecting two special national historical sites: Tran Thuong Temple (Ha Nam province) and the Tran Temple historical and cultural relic site (Nam Dinh province). The project is divided into two routes: Route 1, 32km long, connects NH 1A via Road 495B (phase 1) with the Hanoi - Ninh Binh expressway, NH 21A, NH 21B, and leads to Thai Ha Bridge and Hung Ha Bridge; Route 2, 14.6km long, connects the two Tran Temples, starting in Tran Hung Dao commune and ending in Hoa Hau commune (Ly Nhan). The project has a total investment of VND 3,600 billion, funded by the central government budget combined with local capital, and is being implemented from 2022 to 2025. To date, the contractor has completed over 90% of the work, and the investor has essentially disbursed funds according to the progress of completed work. Specifically, the section from National Highway 1A to National Highway 21B has been put into operation. Currently, the contractor is constructing the Chau Giang bridge, the Liem Son intersection overpass, and the end point of the road connecting the two Tran temples in Hoa Hau commune, aiming for full road opening in 2025.

Along with the East-West regional connecting road project, the Phu Thu interchange project and the Liem Son interchange on the Cau Gie - Ninh Binh expressway are also being accelerated. The Phu Thu interchange is designed and constructed as a three-tiered interchange, including: the first tier, a tunnel above the Cau Gie - Ninh Binh expressway with 6 lanes designed for a speed of 120 km/h; the second tier, a roundabout with a radius of 40m comprising 4 standard lanes for level 3 roads in flat terrain, designed for a speed of 80 km/h; a road alongside Ring Road 5, designed for a speed of 60 km/h; and the third tier, an overpass of Ring Road 5 in the Capital Region above the Cau Gie - Ninh Binh expressway. The total investment for the project is approximately 1,400 billion VND, funded by the local budget. The Vietnam Import-Export Construction Corporation (Vinaconex) and Trung Chinh Trading and Construction Company Limited won the construction bid. The project is scheduled to be implemented from 2022 to 2025. To date, the contractor has completed more work than planned.

The 68-meter-wide road section passing through Liem Chinh ward (Phu Ly city) has been expanded, contributing to creating momentum for the development of production and business activities in the area.

With the goal of accelerating public investment, using public investment to "lead" private investment, and attracting important projects to the province, Ha Nam has focused on investing in transportation infrastructure, industrial park infrastructure, and university urban areas in recent years to attract investors and contribute to improving the effectiveness of investment attraction. To date, the province has approximately 1,300 active investment projects, including over 840 domestic projects and nearly 500 FDI projects with a registered capital of VND 180,690.6 billion and over USD 6,554.7 million. Regarding the Nam Cao University Area, since the beginning of the year, the province has attracted several projects from institutions such as the Banking Academy, the National Economics University, and the University of Transport and Communications to build training facilities. Most recently, theFPT UniSchool Ha Nam educational complex, covering an area of ​​101.5 hectares in Tien Noi, Hoang Dong wards and Tien Ngoai commune (Duy Tien town), with a training capacity of 10,000 people, has also invested in the province. The investment by FPT, Vietnam's leading technology group, in building an educational complex in Ha Nam demonstrates the investor's vision and affirms the potential, strengths, and advantages of the Nam Cao University Area.

According to Associate Professor Dr. Bui Huu Toan, Secretary of the Party Committee and Chairman of the Council of the Banking Academy, Ha Nam is emerging as a development hub in the Red River Delta region with an extremely convenient transportation system. For the Banking Academy, there are expected to be 69,000 applications in 2024. Currently, the academy is training 16,000 students, with a projected increase to 35,000, thus requiring expansion of its training facilities. To implement its development strategy, the Banking Academy is focusing on building training facilities in neighboring areas and has decided to choose Ha Nam as the location for its expansion. The school hopes the province will create favorable conditions for the Academy to soon build its facility in Ha Nam.

Mr. Pham Quang Hung, Director of the Provincial Investment and Construction Project Management Board, stated: Implementing the 2025 public investment plan is challenging due to land clearance issues in some projects and lower-than-planned revenue from land at the beginning of the year. To achieve the set plan, the Board has coordinated with localities to focus on land clearance for projects, especially key projects, striving for completion in 2024-2025. For contractors, the Board has directed them to accelerate construction progress, ensure quality, and complete projects according to schedule. Currently, many projects are being expedited to ensure the disbursement of public investment capital as planned.

In the first six months of 2025, the entire province aims to collect approximately 12 trillion VND from land revenue. To achieve this plan, the Provincial People's Committee directs relevant departments, localities, and units to promptly resolve difficulties and obstacles, proactively implement appropriate construction solutions to ensure the approved progress, and contribute to accelerating the disbursement of public investment capital. For localities, the Provincial People's Committee directs the synchronized implementation of policies to effectively exploit budget revenue from various economic sectors, while simultaneously creating and nurturing revenue sources. The goal is to achieve the highest possible revenue target set by the Provincial People's Council, ensuring resources to serve socio-economic development goals; and to focus on mobilizing all investment resources to complete a comprehensive and modern socio-economic infrastructure system, prioritizing the development of transportation infrastructure and industrial park/cluster infrastructure to attract investment and serve socio-economic development tasks.

Tran Thoan

Source: https://baohanam.com.vn/dau-tu/lay-dau-tu-cong-dan-dat-dau-tu-tu-163931.html