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Construction of the Bac Kan - Ba Be Lake road, connecting to Na Hang ( Tuyen Quang ), contributes to the completion of inter-regional transportation infrastructure. |
Maintaining the pace of construction on the site.
At many construction sites throughout the province, the pace of construction remains rapid. Inter-regional transportation projects, urban infrastructure projects, and projects in disadvantaged communes are being accelerated starting from the first quarter of 2026. Many investors are requiring contractors to work overtime and organize continuous construction to ensure the disbursement plan is met.
Cost pressures are clearly increasing. Rising fuel prices are leading to escalating transportation, production, and construction costs. According to businesses and contractors, the current rate of inflation has reached 25-30%, directly impacting production and business efficiency as well as the ability to fulfill contracts. This situation forces entities to recalculate their financial plans, restructure resources, and ensure stable cash flow throughout project implementation.
Mr. Pham Thai Son, CEO of GREEN Song Cong Production and Trading Co., Ltd., said: "Input costs have increased sharply, especially fuel, causing product prices to rise. Businesses are forced to adjust production plans, cut costs, and even accept reduced profits to maintain operations and retain market share."
Construction material suppliers are also experiencing a ripple effect. The constantly fluctuating prices of steel, sand, and stone make contract signing risky. Many businesses have to carefully consider their options before finalizing prices or adjusting them according to market conditions. Some suppliers are opting for short-term contracts and smaller delivery schedules to minimize the risks from price fluctuations.
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The Bản Áng resettlement area (Thanh Thịnh commune) is currently undergoing infrastructure development to serve the Bắc Kạn - Chợ Mới expressway project. |
Mr. Le Manh Cuong, CEO of Viet Cuong Steel Trading Joint Stock Company, shared: "We expect public investment to remain stable. When projects are continuously implemented, supporting businesses will have more opportunities to develop, thereby offsetting the additional costs due to price fluctuations."
Price fluctuations not only affect business operations but also directly impact the progress and effectiveness of public investment projects. Without timely solutions, the risk of cost overruns and delays is very high, consequently affecting infrastructure development and the province's growth targets.
Faced with this challenge, Thai Nguyen has implemented many comprehensive solutions, closely following the Government's directives. The focus is on strengthening the management of the market for raw materials, fuels, and construction materials, while promptly resolving difficulties for businesses and investors.
Departments and agencies are tasked with closely monitoring market price developments, especially the prices of gasoline, diesel fuel, and key construction materials. Price announcements are made promptly and accurately, providing a basis for adjusting investment costs. The province also proactively implements price stabilization plans when necessary, particularly for items with significant price fluctuations in a short period.
Proactively respond to fluctuations in material prices.
Land clearance work continues to be accelerated. Local authorities are strengthening dialogue, resolving obstacles, and ensuring the legitimate rights of the people. This is a crucial step to ensure that projects are implemented on schedule. In construction, investors and contractors are required to maximize resources, implement a "three shifts, four teams" system, and work through weekends and holidays for key projects. The goal is to compensate for the time lost due to objective factors, including price fluctuations.
Authorities are also intensifying market inspections and supervision. Acts of speculation, hoarding, and price gouging of construction materials will be strictly dealt with, contributing to stabilizing supply and limiting unreasonable price increases. At the same time, emphasis is placed on disseminating information and providing transparent pricing information to stabilize market sentiment.
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Rising fuel prices lead to increased transportation and production costs, putting significant pressure on business operations and construction project timelines. |
Mr. Nguyen Van Ha, Deputy Director of the Department of Construction, said: The province has developed scenarios to respond to fluctuations in material prices. Investors are required to review costs, effectively utilize contingency funds, and be flexible in choosing contract forms to minimize risks.
Despite facing numerous challenges, Thai Nguyen remains steadfast in its goal of disbursing public investment capital, demonstrating strong determination in its management. This is a crucial solution to stimulate growth, create jobs, and promote related economic sectors. The effectiveness of public investment is gradually becoming apparent.
By April 2026, Thai Nguyen province had commenced construction on 3 out of 4 key infrastructure projects. In the first quarter of 2026 alone, the province led the country in attracting FDI, with over $5.7 billion. This result demonstrates the role of infrastructure in attracting investment, especially large-scale projects.
In the long term, the Thai Nguyen Provincial People's Council has approved the projected medium-term public investment plan for the period 2026-2030 with a total capital of 165,381 billion VND. This serves as a foundation for further improving the synchronous infrastructure system, aiming for rapid and sustainable development.
Price fluctuations are an unavoidable challenge in a volatile global economy. With proactive and flexible leadership and the support of businesses, Thai Nguyen is gradually controlling the situation and maintaining the progress of projects. Difficulties also present opportunities to improve management and operational capacity and adaptability. If utilized effectively, public investment will continue to play a driving role in promoting the province's socio-economic development in the coming period.
Source: https://baothainguyen.vn/kinh-te/202604/vuot-bao-gia-giu-nhip-dau-tu-cong-82e49dc/
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