Over VND49trillion in mid-term public investment capital estimated for allocation in 2021-2025

On the afternoon of August 31, provincial People's Committee held its online second session to approve a mid-term public investment plan for the 2021-2025 period. Vo Van Minh, Vice-Secretary of provincial Party Committee, Chairman of provincial People's Committee chaired the session. Attending the session were Mai Hung Dung, member of provincial Party Standing Committee, Permanent Vice-Chairman of provincial People's Committee; Nguyen Loc Ha, member of provincial Party Standing Committee, Vice- Chairman of provincial People's Committee and leaders of departments, agencies and sectors in the province.

According to the draft plan, the province’s total mid-term public investment capital for the 2021-2025 period is more than VND 49.5 trillion from the local State budget. The central State budget will also allocate more than VND 2.58 trillion of domestic capital and more than VND 40 billion of foreign capital. During this period, the province plans to arrange 40 key projects and works with more than VND 13.82 trillion. At the session, representative of province Department of Planning and Investment (DoPI) also proposed a number of solutions to complete works and projects under the set goals and plans…

Concluding the session, Mr. Minh emphasized that the 2021-2025 mid-term public investment plan is very important, having a great impact on the development of the province in this period, so based on their actual situation, districts, towns and cities were suggested to focus on studying and giving contributive ideas to the draft plan. He also noted that the allocation of capital should give priority to traffic field, especially for regional connection traffic, creating the clean land fund in order to take the initiative in public investment; well implement traffic planning, urban planning, making a motivation for the province to attract investment projects while assigning provincial DoPI to continue implementing the prescribed processes and procedures to complete the draft plan and submit it to provincial People's Council for approval.

Reported by Phuong Le-Translated by Kim Tin

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