Tien Giang: Accelerating public investment progress, promoting economic growth

ACHIEVE MANY POSITIVE RESULTS

According to the People's Committee of Tien Giang province, the province's public investment plan for 2025 is over 7,002 billion VND; of which, the local budget balance is over 4,138 billion VND, and the central budget is over 2,863 billion VND. On April 29, the People's Council of Tien Giang province issued Resolution 14 on adjusting the public investment plan for 2025 with a total capital of 7,858 billion VND. Of which, the local budget is over 4,994 billion VND and the central budget is over 2,863 billion VND. The Provincial People's Committee has also allocated 100% of the plan in detail.

Tien Giang is focusing on speeding up the progress of key projects.

In order to increase the disbursement rate of public investment plans from the first months of 2025, promptly complete and promote the investment efficiency of projects, contributing to the implementation of the GRDP growth plan of 8% or more, Tien Giang province has focused on investment preparation work.

Accordingly, right from the mid-2024 meeting, the Provincial People's Committee submitted to the Provincial People's Council for approval the proposed public investment plan for 2025 as a basis for investors to proactively carry out investment preparation and site clearance work to implement the project.

Thereby, improving the quality of investment preparation work, ensuring compliance with standards and norms as prescribed when establishing, appraising, and approving investment policies and establishing, appraising, and approving projects. This contributes to the early completion of investment preparation work for newly started projects under the 2025 public investment plan.

Tien Giang has done a good job of disbursing public investment capital in the first months of the year.

Tien Giang has done well in disbursing public investment capital in the first months of 2025.

At the same time, the province also focuses on capital allocation and project management. Specifically, the province allocated capital to investors immediately after the 2025 public investment plan was approved by the Provincial People's Council. At the same time, closely monitor and direct the implementation of construction investment and disbursement of projects to continue transferring capital from low-volume projects to high-volume projects. Focus on urging investors to repay capital from the Land Development Fund, contributing to accelerating the disbursement progress of public investment plans.

The Provincial People's Committee also directed provincial and local departments and branches to improve the quality of planning and appraisal of contractor selection plans and strictly control the implementation time of construction and equipment packages to quickly put works and projects into operation and use.

The Standing Committee of the Provincial People's Committee regularly organizes inspection teams to inspect the implementation of public investment management in the province and work with the People's Committees of districts, cities and towns. Thereby, it has promptly resolved difficulties and problems in basic construction investment in the province.

Investors have focused on speeding up project progress.

One of the important solutions is to urge investors to speed up the implementation of transitional projects to be completed by 2025 to contribute to increasing the province's disbursement rate and creating favorable conditions in the process of arranging and perfecting the organization of the two-level local government apparatus.

To contribute to achieving the target of GRDP growth of 8% or more, the People's Committee of Tien Giang province proposed that the Ministry of Finance consider submitting to the Prime Minister an additional VND 3,015 billion from government bond capital to the province's 2025 public investment plan to invest in 11 important projects of strategic significance.

In particular, Tien Giang proposed to prioritize investment in the Go Cong Coastal Erosion Project (section from Rach Bun Bridge to Den Do) according to the Prime Minister 's Conclusion Notice No. 163/TB-VPCP dated April 15, 2024. The project is about 6.8 km long with a total investment of about 336 billion VND; of which, the central budget capital is more than 302 billion VND, the local budget capital is 33.6 billion VND. Tien Giang province proposed to allocate 110 billion VND in capital in 2025 to implement the project.

Previously, in Document No. 780 sent to the Ministry of Finance and the Ministry of Planning and Investment (now the Ministry of Finance), the People's Committee of Tien Giang province proposed to consider adding central budget capital to the province's 2025 public investment plan to implement 11 newly started projects.

Accordingly, after reviewing the implementation status and strategic infrastructure development needs, the People's Committee of Tien Giang province proposed that the Ministry of Finance consider adding VND 3,015 billion of central budget capital to the province's public investment plan for 2025 to implement 11 newly started projects with a total investment of VND 15,015 billion. Of which, the central budget capital is proposed to be more than VND 13,513 billion, and the local budget capital is more than VND 1,500 billion.

In addition, the Provincial People's Committee has reviewed and proposed the Provincial People's Council to approve the list of projects that have been temporarily suspended due to the impact of the process of arranging and consolidating the organization of the local government apparatus at two levels in Tien Giang province. At the same time, the capital plan of the suspended projects has been transferred to projects under construction that need additional capital and have the ability to disburse capital in 2025.

With the focus on synchronous implementation of solutions, the total disbursement value of the public investment plan in the first 4 months of 2025 was more than VND 1,724 billion, reaching 24.6% of the plan at the beginning of the year. Of which, local budget capital disbursed more than VND 1,030 billion, reaching 24.9% of the plan; central budget capital disbursed VND 693.2 billion, reaching 24.2% of the plan.

The disbursement rate of the province's public investment plan in the first 4 months of 2025 reached 24.6% of the plan, higher than the average disbursement rate in the first 4 months of the year of the whole country of 15.56% and ranked 22nd out of 63 provinces and centrally-run cities (according to the Ministry of Finance). As of May 15, the total disbursement value of the province's public investment plan in 2025 was more than 1,790 billion VND, reaching 25.6% of the plan at the beginning of the year. Of which, the local budget capital was disbursed more than 1,086 billion VND, reaching 26.3% of the plan; the central budget capital was disbursed 704 billion VND, reaching 24.6% of the plan.

FOCUS ON SPEEDING UP PUBLIC INVESTMENT PROGRESS

To achieve the goal of disbursing 100% of the public investment plan in 2025 as directed by the Prime Minister, Tien Giang Provincial People's Committee has been focusing on implementing a number of key solutions to accelerate public investment progress.

Comrade Nguyen Van Danh, member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the National Assembly Delegation of Tien Giang province inspected the progress of the Cao Lanh - An Huu Expressway Component 2 Project and visited, presented gifts, and encouraged the spirit of cadres and workers at the construction site on the occasion of Lunar New Year 2025.

Accordingly, for transitional projects, the Provincial People's Committee has requested investors to accelerate construction progress, ensure project quality, conduct acceptance and payment of capital to the State Treasury as soon as there is volume to disburse the allocated capital well. At the same time, continue to regularly transfer capital plans between internal investors and investors to accelerate the disbursement progress of the 2025 public investment plan.

For newly started projects, focus on completing contractor selection and early implementation of projects. Regarding site clearance, the Provincial People's Committee requests to urgently complete documents, proactively remove difficulties and obstacles, and thoroughly resolve compensation and resettlement support.

Continue to strengthen propaganda and mobilize people to grasp and understand the State's policies, create consensus in site clearance work, contributing to speeding up project progress; continue to use capital from the Provincial Land Development Fund to pay for compensation work to soon complete site clearance work, meeting project progress.

Tien Giang provincial leaders regularly inspect the progress of basic construction to promptly remove arising difficulties and problems.

Tien Giang Provincial People's Committee also directed departments, branches and localities to proactively review and guide the handover of public investment projects during the process of arranging and perfecting the organization of the two-level local government apparatus to ensure the progress of disbursement of the 2025 public investment plan without any delay or interruption due to the impact of the arrangement, merger and separation of administrative units.

The Provincial People's Committee also requested localities to strengthen the direction of their subordinate management units, focus on removing difficulties and obstacles, speed up the implementation progress and disburse well the capital sources managed by the district level, including: Decentralized capital from the centralized capital source for basic construction expenditure; decentralized capital from land use revenue; additional targeted lottery capital; central budget capital to support the implementation of the National Target Program on New Rural Construction.

Tien Giang will strengthen coordination with central ministries and branches in the appraisal of 2 project proposals using ODA capital (the proposal for the Coastal Road Project through Tien Giang province connecting with Long An and Ben Tre provinces, phase 1 and the Climate Resilience and Integrated Transformation Project for the Mekong Delta (WB11) - Tien Giang province component project).

Mr. THANH

Source: https://baoapbac.vn/kinh-te/202505/tien-giang-day-nhanh-tien-do-dau-tu-cong-thuc-day-tang-truong-kinh-te-1043587/