(HBO) – Under the direction of the Prime Minister and the Chairman of the provincial People's Committee, the province should disburse at least 60 percent of the allocated public investment capital by September 30. However, the goal seems to be impossible to reach as the disbursement rate only reached 29 percent of the plan as of August 15.
Construction on Hoa Binh 2 bridge
project (Hoa Binh city) is being accelerated to ensure that it will be put into
trial operation on schedule.
This year, the province is allocated 3.7 trillion VND (166
million USD) of investment capital from the State budget. Meanwhile, capital in
the investment plan that has been approved by the provincial People's Council
totals over 4 trillion VND.
Up to now, some projects have disbursed over 60 percent of the planned target.
However, many others recorded low disbursement rates, with some even not
disbursing any capital at all.
Delivering a report at the meeting of the provincial People's Committee, Nguyen
Van Thang, Director of the Department of Planning and Investment (DPI) said:
"Currently, there is still over 720 billion VND of capital yet to be allocated
to new construction projects.” However, he said, from August 15 to September 8,
an additional 321 billion VND was disbursed, raising the disbursement rate to
37 percent.
The biggest difficulty in raising the disbursement rate, is related to Official
Development Assistance (ODA) capital in Hoa Binh city in the northern
mountainous urban programme and the capital for the Da river bed project in
2016-2020 extension period, Thang said.
To speed up the disbursement of public investment capital, Quach Tat Liem, Vice
Chairman of the provincial People's Committee said projects management boards
needed to organise weekly meetings with the construction sides to speed up the
progress of the projects, especially for those with large capital allocation
but suffering low disbursement rate. In addition, the capital plan for the
projects should be adjusted to ensure effective payment.
The biggest cause of concern is the slowness in allocating capital to projects
while there are only more than three months left until the end of the year.
Therefore, he said, it is essential for the DPI to have specific solutions for
each project before allocating capital, otherwise, disbursement would be
impossible.
The provincial Party Committee has directed each department, agency and
locality to have detailed plans to speed up the disbursement of public
investment funds, ensuring that the disbursement rate will reach over 60
percent by September 30, fulfilling the set target for this year.
He said that drastic measures should be adopted and heads of units should bear
the responsibility if they fail to meet 2021 public investment capital./.
On May 15, the Hoa Binh Steering Committee for Science, Technology, Innovation, and Digital Transformation launched the "Digital Literacy for All” movement. The event was held both in-person and virtually, connecting provincial authorities with district-level Party committees and local communities across communes, wards, and townships.
The People’s Committee of Hoa Binh province on May 16 held a conference to honour outstanding intellectuals for their contributions in 2025.
The Standing Board of the Hoa Binh provincial Party Committee has held a conference to announce the provincial Party Committee’s decision about the merger of Hoa Binh Newspaper and the provincial Radio and Television Station, along with the Standing Board’s appointment decisions.
After the historic victory on April 30, 1975, which liberated the South and reunified the country, the whole Vietnam embarked on a new mission — promoting peace and reconstructing the nation with century-defining projects. On the fierce Da River, over 30,000 engineers, sappers, and construction workers battled against rocky mountains and raging floods to achieve a remarkable feat. The Hoa Binh Hydropower Plant, the largest of its kind in Southeast Asia at that time, officially began generating electricity, lighting up the North and ushering in a new era of industrialisation.
Muong Dong in Kim Boi district, one of the four major Muong regions in Hoa Binh province, is harnessing its revolutionary legacy and cultural heritage to drive socio-economic transformation.
Throughout April, the joyful atmosphere of the 50th anniversary of the Liberation of the South and National Reunification spread nationwide. Together with the whole country, residents in Hoa Binh city also expressed their patriotism through meaningful and practical actions.
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