The northern mountainous province of Hoa Binh is making strong progress thanks to major public investment projects carried out in recent years.

To get the funds, the province actively mobilised various sources including land-use revenues, local budget overspending, concentrated basic construction investment capital and non-state capital. These resources are being funneled into major infrastructure projects with high spillover effects, especially in the fields of transport, environmental protection, and climate change response.

Instead of spreading funds thinly across many small projects, Hoa Binh has shifted toward concentrated and strategic investments. This change is aligned with the Party’s orientation: prioritising key national and local projects with strong regional impacts and potential to drive socio-economic growth, particularly in disadvantaged areas.

The Resolution of the 17th provincial Party Congress identified infrastructure development one of four strategic breakthroughs in this term. To realise this strategic breakthrough, in Project No. 02-DA/TU on completing socio-economic infrastructure in the 2021 – 2025 period, the provincial Party Committee identified the focus as prioritising the development of road traffic infrastructure and technical infrastructure to protect the environment and respond to climate change. This orientation is consistent with the key directions in allocating resources for medium-term investment that is to allocate capital to important and urgent projects, and projects that can create a high connectivity, inter-regional impacts, and boost socio-economic development.

Nguyen Van Danh, Director of the provincial Department of Finance, said that public investment capital are allocated to projects and works properly, following lawful schemes. Priority is given to large-scale and high-impact projects, especially roads, industrial zones, and projects that enhance inter-regional connectivity.

Public investment has already fueled several large-scale projects. Notably, the Hoa Binh – Moc Chau Expressway, running through Hoa Binh, has a total investment of nearly 10 trillion VND, including 1.7 trillion VND from the provincial budget. Another major project is the inter-regional road connecting Hoa Binh with Hanoi and the Son La expressway, worth 4.12 trillion VND. Important roads have been built or repaired. Currently, the province has over 11,170 km of roads, an increase of around 420 km compared to 2020.

Alongside roads, irrigation and dike projects have also been upgraded to ensure agricultural productivity and residents' safety. The national power grid now covers 100% of communes and towns in the province.

Industrial zones have been improved to increase occupancy rates and attract more businesses. At the same time, the province is investing in public services to improve quality of life. Schools, hospitals, and social welfare facilities have been built or renovated with public funds.

While many achievements have been made, Hoa Binh is still facing challenges in turning public investment into long-term development momentum. Success requires not only financial resources but also strong political will, institutional reforms, and practical actions.

Nevertheless, the past five years have demonstrated the province’s determination. With the active involvement of administrations at all levels, Hoa Binh is on track to achieve sustainable growth and overcome its difficulties.