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| The inauguration ceremony of Vinh Phu Bridge took place on August 30th, a project constructed with public investment funds. (Source: VNA) |
According to a report by the People's Committee of Vinh Phuc province, in 2023, the total central government-allocated public investment capital was VND 7,688.404 billion. By November 30th, the province had disbursed VND 7,938 billion, a 3.2% increase compared to the central government's allocated capital, ranking 7th out of 63 provinces and cities nationwide. This is also the year with the highest disbursement rate and volume of public investment capital ever recorded by the province.
In the context of a challenging global and domestic economy , recognizing that the disbursement of public investment capital cannot be delayed and is a key component of the three major development breakthroughs, Vinh Phuc province has focused on urging and striving to resolve difficulties and obstacles, accelerating the implementation of projects.
From the end of 2022, the Provincial People's Committee allocated the 2023 public investment plan to various programs and projects, creating favorable conditions for investors to implement projects in the early months of the year. Simultaneously, the province established a special task force to promote the disbursement of public investment capital in 2023; monthly thematic meetings were held to hear reports on implementation, resolve difficulties and obstacles, and direct specialized agencies to hold briefing meetings to specifically address difficulties and obstacles related to procedures, processes, construction material prices, land prices, etc. At the same time, provincial leaders also directed departments and agencies to strengthen training and guidance on the Public Investment Law, the Bidding Law, the Construction Law, and the State Budget Law for localities and investors; and district-level People's Committees to strengthen compensation and land clearance for projects…
These efforts have borne fruit as the province has completed, handed over, and put into use many important social welfare projects such as: Vinh Phu Bridge; Ring Road 2, section from National Highway 2B to National Highway 2C; the Project to renovate, upgrade and expand the right embankment of Pho Day River, Lap Thach district; the Project to upgrade and renovate Lap Thach Medical Center; the Phuc Yen City Medical Center Project, phase 2; the Project to renovate and upgrade National Highway 2B, section from Chan Suoi Bridge to Tam Dao I Tourist Area…
At the same time, many new construction projects were also started, bringing a new look to the entire province, such as: the Provincial Radio and Television Station Project; the Office Building Project of the Department of Transport and the Project Management Board for Investment and Construction of Transport Works; the Hanoi - Lao Cai Railway Parallel Road Project, Northern Line, section from Khai Quang Industrial Park to Binh Xuyen Industrial Park; the Tran Phu High School Project…
Favorable weather conditions, coupled with the contractors' construction capacity and the timely disbursement of public investment funds, mean that several more projects are expected to be completed and put into use this December, including: the Ben Gao Bridge project across the Pho Day River on Provincial Road 305; the restoration and renovation project of Tho Tang communal house in Tho Tang town, Vinh Tuong district; and the Vinh Yen city Ring Road 2 project, the section from Ton Duc Thang to National Highway 2B…
In 2024, Vinh Phuc province anticipates a total public investment capital of VND 7,701.818 billion. From this capital, the province will allocate sufficient funds for projects that have been finalized, completed, and put into use before December 31, 2023; and for transitional projects that must be completed in 2024 as stipulated. The province is expected to allocate funds for tasks and projects implementing resolutions of the Provincial People's Council, such as: the National Target Program for building advanced and model new rural areas; and Resolution No. 06/2023/NQ-HĐND, dated May 5, 2023, of the Provincial People's Council promulgating regulations on some specific policies to support the construction of model cultural villages in the province, giai đoạn 2023 – 2030. Resolution No. 71/2019/NQ-HĐND, dated October 23, 2019, stipulates the mechanism for supporting investment and restoration of ranked historical and cultural relics in Vinh Phuc province, for the period 2019-2025…
The achievements in 2023 regarding the disbursement of public investment capital serve as a solid foundation for the expectation that in the future, Vinh Phuc will have more projects and works invested in and constructed to serve socio-economic development and improve all aspects of people's lives.
3 major directions for breakthrough development The resolution of the Vinh Phuc Provincial People's Council outlines three major directions to create breakthroughs in the development of Vinh Phuc province: - To comprehensively improve mechanisms and policies for socio-economic development; enhance competitiveness, improve the investment and business environment, and prioritize serving the people and businesses. - Develop human resources, especially high-quality human resources; attract, value, and reward talented individuals; promote the application and transfer of science and technology, digital transformation, and the development of the digital economy and digital society. - Mobilize and utilize all resources effectively and economically, creating breakthroughs in building a synchronous and modern socio-economic infrastructure. Prioritize creating clean land funds to attract investment and implement key projects with a ripple effect and the ability to connect different regions. |
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