Quang Ninh realizes growth target from public investment momentum

With the motto of "taking public investment to lead private investment", Quang Ninh identifies public investment as the main driving force to promote growth, unleashing investment resources from other economic sectors.

Promote disbursement and unblock public investment

In 2025, with the economic growth target of Quang Ninh reaching 14%, the province has identified public investment as one of the most important driving forces to promote economic growth. With the motto of "using public investment to lead private investment", capital from the budget will be allocated to invest in key, driving projects that stimulate and unleash investment resources from other economic sectors.

Accordingly, Quang Ninh province aims to complete the disbursement of 100% of the capital plan allocated for 2025 as soon as possible. Urgently complete projects and works that were behind schedule in the previous phase in 2025. Speed up the implementation and complete on schedule the works to welcome the 16th Provincial Party Congress.

Mr. Pham Duc An, Chairman of Quang Ninh Provincial People's Committee, directed to speed up the construction progress of the riverside road connecting Ha Long - Hai Phong expressway to Dong Trieu area. Photo: Do Phuong

Mr. Pham Duc An, Chairman of the Provincial People's Committee, Secretary of the Party Committee of Quang Ninh Province said: Public investment is a key pillar, playing a role in activating the entire growth engine. Together with FDI capital and the private sector, public investment is a strategic lever to unlock resources, promote production, create jobs, support consumption and increase the momentum for Quang Ninh's economic growth.

It is no coincidence that public investment is called the “backbone” of the economy. Public investment is also the key to opening up new development spaces, clearing infrastructure, logistics and regional connectivity bottlenecks. As an important “seed capital”, public investment also creates a strong spillover effect: leading private capital flows, attracting FDI, stimulating investment throughout society. A public investment capital disbursed at the right time and in the right focus can create a series of chain effects such as increasing production, creating livelihoods, improving income, contributing to ensuring social security and stabilizing people's lives.

The lessons that Quang Ninh has gained in taking public investment as a driving force for investment as well as many other successes are derived from the innovative thinking, creation and action of local Party committees and authorities. The resources that Quang Ninh focuses on are not money, central budget investment and support, but innovation from the stage of issuing resolutions, issuing instructions, specific plans associated with inspection, supervision, periodic assessment of effectiveness, causes of limitations, solutions, promoting effective production models. Proactively proposing policies and mechanisms to take into account specificities, shifting economic structure, implementing many solutions to increase budget revenue, promoting and improving the investment environment, supporting the settlement of investment procedures quickly...

Construction of the overpass at the intersection of National Highway 18. Photo: Do Phuong

In the first 7 months of 2025, the total value of public investment disbursement in Quang Ninh province reached more than 5,770 billion VND, equivalent to 48.5% of the annual capital plan. This disbursement level has improved significantly compared to the same period last year, partly reflecting the initial effectiveness after reorganizing the management boards. However, in the remaining period of the year, units must continue to disburse more than 7,400 billion VND (the total public investment capital plan for 2025 is 13,166 billion VND), causing great pressure, especially in the context of the rainy season, scarcity of construction materials and escalating prices.

Drastic solutions from Quang Ninh

Right from the beginning of the year, Quang Ninh province has resolutely directed, operated, and developed monthly and quarterly disbursement plans for each project, assigning specific leaders to be responsible for monitoring the implementation progress and disbursement of each project. At the same time, review, classify and implement to thoroughly resolve difficulties and obstacles, clear "bottlenecks", create all favorable conditions (procedures, processes...) to put all investment capital of the province in 2025 (reaching over 120,000 billion VND) into socio-economic development.

Ensuring project progress and avoiding disruptions during the transition process when implementing a two-level government is a key requirement. The province needs to perfect the coordination mechanism, quickly handle procedural problems and site clearance, so that public investment capital can truly play its role in stimulating the economy.

Mr. Vu Van Dien, Standing Vice Chairman of the People's Committee of Quang Ninh province, said that the province has proposed 9 groups of tasks and solutions that need to be focused on to complete the set goals. Specifically: Continue to focus on implementing solutions to clear and effectively use public investment resources, focus on resolving difficulties and obstacles, especially key projects within and outside the budget that are being implemented, and put the projects into operation soon. Accelerate the disbursement of public investment capital, promptly transfer capital from slow-disbursing projects to projects with good disbursement and those in need of additional capital. Thereby speeding up the investment and construction progress, especially for key and key projects and works.

The project to renovate and upgrade National Highway 279 is being accelerated by the investor and contractors, determined to complete in 2025. Photo: Do Phuong

With the goal of disbursing 100% of public investment capital, in the last months of 2025, the province will strive to complete the riverside road; renovate and upgrade National Highway 279; accelerate the progress of projects scheduled to start and inaugurate to celebrate the 80th anniversary of National Day September 2 and welcome the 16th Provincial Party Congress. In addition, the locality will also study and propose investment implementation for new projects, typically the project to upgrade National Highway 4B through Quang Ninh under the direction of the Prime Minister, investing in standard gauge railway lines Hai Phong - Quang Ninh - Mong Cai...

To speed up settlement and disbursement, the People's Committee of Quang Ninh province has also requested relevant agencies to complete payment procedures for 111 projects that have been settled in the fourth quarter of 2025 to early 2026, to avoid prolongation. For the 99 transitional projects, the units must clearly identify the content that needs to be completed and report for adjustment and capital allocation at the Quang Ninh Provincial People's Council meeting at the end of the year (December 2025) with the deadline for completing procedures being December 15, 2025.

Persistently pursuing the strategy of leveraging public investment will help Quang Ninh not only fulfill the goals of the Provincial Party Congress Resolution, but also create a solid foundation for the 2026-2030 development period, aiming to become the leading center of marine economy, processing industry, manufacturing, and logistics services in the North, making an important contribution to regional and national growth.

Source: https://baodautu.vn/quang-ninh-hien-thuc-hoa-muc-tieu-tang-truong-tu-dong-luc-dau-tu-cong-d354793.html