Khanh Hoa urgently deploying public investment capital disbursement

In 2025, the public investment capital assigned by the Prime Minister to Khanh Hoa has increased by more than VND 1,827 billion compared to 2024. Therefore, from the beginning of the year, the Provincial People's Committee has urgently deployed public investment capital disbursement.

Large amount of capital allocated

In 2024, the Prime Minister assigned Khanh Hoa province more than VND 8,269 billion of public investment capital; the actual capital allocated by the Provincial People's Council and Provincial People's Committee was nearly VND 7,214 billion. By January 31, 2025, the whole province had disbursed about 95.4% of the capital plan actually assigned by the Provincial People's Committee, completing the target set out under the direction of the Government. For 2025, the Prime Minister continues to assign Khanh Hoa province nearly 10,096 billion VND of public investment capital. This is a very large number but is consistent with the development requirements of the province to achieve the goals of Resolution 09 of the Politburo on the development of Khanh Hoa province to 2030, with a vision to 2045.

Therefore, from the beginning of the year, the provincial People's Committee has urgently deployed plans to implement public investment projects. Of the total capital assigned by the Prime Minister, to date, the Provincial People's Council and the Provincial People's Committee have allocated nearly 7,529 billion VND; and more than 2,567 billion VND will be added. At the same time, the Provincial People's Committee has also planned to arrange land for projects; at the same time, clearly identified the order of priority for projects with high driving force and great impact on the province's socio-economic development. Key projects, especially transport infrastructure, are focused on investment to create a solid foundation for the province's sustainable development in the following years. The province determined that the entire political system must get involved and resolutely implement measures to promote the disbursement of public investment capital right from the beginning of the year. Completing capital payment procedures, promoting site clearance and closely monitoring contractors are important factors to ensure that public investment capital is used effectively, contributing to the construction of key infrastructure projects and promoting the province's economic growth. These efforts not only help to complete public investment targets in 2025 but also create momentum to promote the development of other sectors, contributing to the development of the following years.

Van Phong - Nha Trang expressway under construction

Urgent disbursement

According to the Department of Finance, 2025 is the last year to implement the medium-term public investment plan for the period 2021 - 2025, which is extremely important in completing the province's major goals in this period. In order to facilitate the implementation of the public investment plan for 2025 and limit arising problems affecting the progress of project implementation, the Department of Finance recommends that the Provincial People's Committee consider and direct the implementation of a number of key contents. In particular, for transitional projects to be completed in 2025 and after 2025 but have not yet completed site clearance, the Provincial People's Committee directs investors to urgently coordinate with relevant localities (Nha Trang City, Ninh Hoa Town, Khanh Son District, Khanh Vinh District, Cam Ranh City) to complete site clearance in the first quarter of 2025 to promptly deploy construction according to the set schedule. For key projects of the province that separate the project into components of compensation, support, resettlement, and site clearance, the Provincial People's Committee also promptly directs localities to promptly complete the submission of appraisal and approval of investment projects; relevant agencies are responsible for coordinating and supporting the provision of relevant route documents and records for localities to carry out investment procedures according to regulations.

In addition, for unallocated capital in 2025, the Department of Finance also requested the Provincial People's Committee to direct units with key public investment projects of the province to promptly complete investment procedures; have a written registration of capital needs in 2025 and commit to disbursing 100% of the assigned capital plan...

Mr. Tran Hoa Nam - Vice Chairman of the Provincial People's Committee affirmed that in order to complete the public investment disbursement plan 2025 of nearly VND 10,096 billion, investors, departments, branches and localities need to make more efforts and be more determined, and must have different ways of doing things compared to previous years. Currently, the provincial People's Committee has requested investors and localities to complete site clearance for key projects in the first quarter of 2025; promote the appraisal and approval of investment policies. For projects that have not been allocated capital, it is necessary to promptly complete investment procedures, as well as approve investment decisions for projects under the National Target Program. All units must have the highest determination to hope to achieve the set goals.

According to Mr. Nguyen Tan Tuan - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, Secretary of the Provincial People's Committee Party Committee, to achieve the target of double-digit annual growth in the next 10 years and realize Resolution 09 of the Politburo on the development of Khanh Hoa province to 2030, with a vision to 2045, the disbursement of public investment capital is extremely important. Accordingly, from now until 2030, Khanh Hoa need disburse 10,000 billion VND or more of public investment capital each year. This source of capital plays a leading role in attracting non-budgetary investment and creating leverage for long-term development. 

Dinh Lam

Translated by T.T