Construction units are upgrading the surface of National Highway 49B.

"Seed capital" drives growth.

The experience of the 2021-2025 period shows that public investment has clearly played a leading role, contributing to the completion of infrastructure, improving the investment environment, and creating a strong attraction for the private sector and FDI. A series of transportation, urban, and economic -industrial zone infrastructure projects have been implemented, transforming the city's appearance and creating an important foundation for Hue to make breakthroughs in attracting investment.

Notable projects include: the expansion of the Phu Bai Brewery; the EON Industry Vietnam helmet manufacturing plant; the expansion of the high-quality, low-iron quartz sand and powder processing line; the Gilimex Hue Industrial Park centralized wastewater treatment plant; theFPT Education Complex; the Hue International General Hospital; the Indochina Hotel; a chain of international-standard travel services and supporting services; and the high-end service area along the Perfume River… These projects not only add new capacity to the economy but also contribute to shaping the urban and service development space of Hue.

However, at the 10th session of the 8th City People's Council, Party Central Committee member, Deputy Secretary of the City Party Committee, and Chairman of the City People's Committee Nguyen Khac Toan pointed out that the disbursement progress of public investment capital and the three national target programs has not met the set plan; land clearance remains a major "bottleneck"; some non-budgetary investment projects are being implemented slowly, and the additional capacity has not increased significantly. Investment preparation for projects expected to start construction is still slow, especially in economic zones and industrial parks, due to prolonged obstacles related to construction procedures, environment, fire safety, or planning adjustments.

In the final months of 2025, the city focused on reviewing and removing bottlenecks, accelerating construction progress, and striving to disburse 100% of the allocated capital. Simultaneously, solutions were implemented to support businesses and activate additional social resources to compensate for difficulties arising from objective factors.

Prioritize projects that create strategic breakthroughs.

2026 is the year to lay the foundation for achieving the goals set forth in the Resolution of the 17th City Party Congress; the 10-year socio-economic development strategy 2021-2030 and the 5-year development plan 2026-2030. In the context of Hue having just achieved the goal of becoming a centrally-governed city, the requirements for public investment are not only sufficient disbursement, but also focused, timely, and creating a clear ripple effect.

The total public investment plan for Hue City in 2026 is projected to reach VND 5,615.8 billion, of which the local budget accounts for VND 4,597.3 billion and the central government budget accounts for VND 1,018.5 billion. This capital structure demonstrates the increasing proactiveness of the locality, especially in revenue from land use fees – a key factor for reinvesting in urban infrastructure and developing land resources.

The 2026 public investment plan is built on the principle of concentration, avoiding dispersion, and prioritizing projects that have the potential to create strategic breakthroughs and expand new development opportunities. The focus of capital will be on inter-regional transportation projects connecting cities, airports, economic zones, and industrial parks; completing urban technical infrastructure, beautifying public spaces, parks, and the banks of the Perfume River; investing in infrastructure for economic zones and industrial parks to create clean land for investment; and education, healthcare, and socio-cultural projects aimed at improving the quality of life for the people.

Notably, the 2026 plan will allocate at least 3% of development investment expenditure to science and technology, innovation, and digital transformation, demonstrating the concretization of Resolution No. 57-NQ/TW on breakthroughs in national science, technology, innovation, and digital transformation development, while also opening up a new approach to using budget capital in a more in-depth and sustainable manner.

According to the Director of the Department of Finance, La Phuc Thanh, the key requirement is to prepare the public investment plan early and thoroughly, right from the beginning of the year and the term. The focus is on reviewing and perfecting the planning system in a synchronized and unified manner; proactively preparing land and infrastructure to attract investment, considering this as the main resource for growth.

In addition, the city continues to propose specific mechanisms and policies for Hue; at the same time, it reviews mechanisms that have been approved by the National Assembly but have not been implemented effectively in order to propose more substantive solutions.

Currently, the City People's Committee has issued regulations to improve work discipline and order, focusing on clearly defining responsibilities, tasks, and completion timelines. Simultaneously, it has established the principle of prioritizing the payment of outstanding debts for basic construction, ODA funds, and loans, allocating funds only to projects that meet the criteria and have a high disbursement capacity. This is considered an important solution to avoid spreading resources too thinly, prolonging projects, and improving the efficiency of budget utilization.

Text and photos: Quynh Vien

Source: https://huengaynay.vn/kinh-te/tao-suc-bat-tu-dau-tu-cong-162574.html