Promoting the progress of public investment projects from the beginning of the year and creating momentum for economic growth is the goal of issuing Hai Duong's public investment scenario.
For many years, the rate of public investment disbursement at the beginning of the year has often been slower than at the end of the year. Many experts believe that this reality is not only due to subjective reasons, the leisurely mentality at the beginning of the year of some investors causing some projects to be slow to implement, but also due to objective reasons. That is the specificity in the process of implementing and disbursing public investment projects.
In the early stages of the year, investors often focus on completing the volume of works and items corresponding to the amount of capital advanced from the previous year, or completing the disbursement for projects that have been completed since the previous year. This is a common situation across the country.
Basically, the implementation of a public investment project must go through many stages to complete the procedures. At the beginning of the year, after being assigned a capital plan, the projects will carry out investment procedures, select contractors, sign contracts, and related documents... Therefore, construction and capital advances are usually implemented in the middle of the year or even at the end of the year. The end of the year is a busy period for disbursement and completion of projects. Because the disbursement rate is concentrated at the end of the year, the phrase "leisurely at the beginning of the year, hard at the end of the year" is often used to describe public investment.
Public investment will bring a large amount of capital into the economy to invest in building infrastructure, creating motivation, conditions, and development space for industries and fields. Thereby creating jobs, increasing income, promoting production and business. All of these are aimed at promoting economic growth. The real value of public investment lies not only in the absolute amount of disbursement, but also in the level of influence, spread, support, and catalysis that create the premise for economic components.
With such an important role, slow disbursement of public investment capital will greatly affect economic growth targets from many different perspectives.
The double-digit economic growth target set by the Prime Minister for 2025 is not only a challenge but also a strong aspiration for the country to rise in the new era - the era of national rise.
With that aspiration, Hai Duong has approved a detailed GRDP growth scenario for each quarter. Along with that is a detailed project implementation progress scenario and public investment disbursement for each month of the year. In 2025 and the end of the fiscal year (January 2026), it strives to disburse 99.7% of the total capital plan of nearly VND 10,453 billion to implement hundreds of public investment projects across the province.
In the first quarter of 2025, the cumulative disbursement rate must reach 19% of the total capital plan. The leaders of the Provincial People's Committee requested that heads of departments, branches, sectors, and localities in the province take full responsibility before the Provincial People's Committee and the Chairman of the Provincial People's Committee for the implementation results of the sector, locality, agency, and unit.
That determination and fierceness is also demonstrated through the actual inspections of the progress of public investment projects right in the first days of the new year 2025, such as the inspection on the weekend of January 12 by the Chairman and Vice Chairman of the Provincial People's Committee.
Through weekly inspections, progress reports, and monitoring through public investment software applications, provincial leaders have directed timely resolution of difficulties and obstacles, and encouraged and motivated construction units. Departments, branches, and localities have also actively and made maximum efforts to improve administrative procedures to facilitate the implementation of new projects as well as transitional projects.
All are aimed at the goal of promoting the disbursement of public investment capital right from the beginning of the year, taking public investment as the leading factor and activating social investment. From there, successfully completing the economic growth target of the province.
TWO WALLS