Bac Ninh accelerates public investment disbursement, prioritizing key projects
WVR - According to the Department of Finance of Bac Ninh province, from the beginning of the year until June 2, the province disbursed VND 3,533.118 billion in public investment capital, reaching 38.4% of the detailed allocation made by the three levels of administration (provincial, district, and commune), and 43.3% of the capital allocated by the central government.
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| Project DT285B, Yen Phong district, Bac Ninh province.(Photo: Business Forum) |
Specifically, public investment capital managed by the provincial budget reached 24.7% of the allocated amount (including rolled-over capital); public investment capital managed by district and commune budgets reached 36.5%; public investment from legitimate revenue sources reached 3.8%.
Notably, during the past week (from May 26 to June 2), the province disbursed over VND 311.451 billion, an increase of 3.94% compared to the previous week, based on the Government’s capital plan.
Several key projects saw progress, including: The component project for compensation, support, resettlement, and technical infrastructure restoration as part of the Gia Binh Airport site clearance project, which disbursed an additional VND 6.768 billion during the week;
Component project 1.3 for compensation, support, and resettlement (including expressway systems, parallel roads [urban roads], and technical infrastructure within Bac Ninh Province), under the Belt Road No. 4 construction investment project in the Capital Region, which disbursed an additional VND 21.737 billion this week, achieving a disbursement rate of 69.6% compared to the assigned plan.
The year 2025 has been identified as a pivotal and significant year, marking the final year of the 2021–2025 medium-term public investment plan. It plays a decisive role in achieving the socio-economic development goals of Bac Ninh province for the 2021–2025 period, especially the target of attaining an economic growth rate of 10% or higher.
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| Chairman of the Bac Ninh Provincial People's Committee Vuong Quoc Tuan inspects land clearance and project progress of the Ring Road 4 – Hanoi Capital Region section passing through Bac Ninh Province.(Photo: Bac Ninh Newspaper) |
Mr. Vuong Quoc Tuan, Chairman of the Bac Ninh Provincial People's Committee, said that the province is implementing strong, determined, and effective measures to accelerate the disbursement of public investment capital, striving to achieve a 100% disbursement rate in 2025 as assigned by the Prime Minister. Public investment will be used to lead and stimulate private investment, while also strengthening public-private partnerships.
The province will clearly identify the obstacles and causes of delays in disbursement for each specific project in order to directly provide timely guidance and resolution. It will focus strongly on land clearance, resolving difficulties in the supply of construction materials, and accelerating the progress of key national projects. Funds will be promptly reallocated from slow-disbursing projects to well-performing projects that require additional capital.
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| Ring Road 4 section through Bac Ninh Province. (Photo: Cafe F) |
At the same time, accelerating disbursement must go hand in hand with ensuring the quality of projects, preventing corruption, misconduct, and waste. Officials who are incompetent, afraid of responsibility, evasive, or who fail to fulfill their disbursement tasks must be promptly dealt with. Each unit and locality must take full responsibility before the Provincial People's Committee and its Chairman for the public investment disbursement results in 2025.
The Department of Finance is assigned to take the lead in weekly consolidating the public investment disbursement situation and promptly reporting to the Chairman of the Provincial People’s Committee for review and direction.
In 2025, Bac Ninh Province was allocated a total public investment capital plan of VND 7,618.243 billion by the Prime Minister. As of June 2, 2025, the Provincial People’s Committee had allocated and detailed VND 12,016.734 billion (including carry-over capital), reaching 157.7% of the capital plan assigned by the Government.
(Source: Bac Ninh Newspaper)
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