Over VND 2 trillion in public investment capital disbursed

On the afternoon of May 29, Vo Van Minh, Vice Secretary of provincial Party Committee and Chairman of provincial People’s Committee chaired the 97th meeting of provincial People’s Committee, in attendance of Vice Chairpersons of provincial People’s Committee, leaders of departments, agencies and localities.

The meeting heard a report from provincial People’s Committee Office on the directives and administration of provincial People’s Committee as well as the province’s socio-economic, national defense and security situation in May 2025. The committee also reviewed the draft public investment plan for the 2021–2025 period and the 2025 public investment plan using legal revenues from State agencies and public service units for investment purposes, along with a draft decision approving the list of individuals eligible for policies under the Decree No. 178/2024/ND-CP.

The meeting sought opinions on the authority to approve the list of investors meeting technical requirements for the phase I of the Ho Chi Minh city belt road 4 project, with the section from Thu Bien bridge to the Saigon River, under the public-private partnership (PPP) model. The meeting also reviewed the results of negotiations on the investment contract for the Ho Chi Minh city – Thu Dau Mot – Chon Thanh expressway project passing through Binh Duong province under the PPP model.

In the first five months of 2025, the province’s index of industrial production (IIP) was estimated at increasing by 9.22% compared to the same period last year. The province’s export turnover reached more than US$ 14.8 billion, up 9.9% year-on-year while import value exceeded US$ 10.5 billion, up 10%.

In terms of domestic investment, the province attracted VND 63.42 trillion in newly registered business capital, an increase of 32.7% over the same period last year. Regarding foreign direct investment (FDI), the province attracted US$ 795 million, 2.3 times higher than the same period last year. The province’s total State budget revenue reached VND 39.491 trillion, fulfilling 55% of the target assigned by the Prime Minister and 50% of the revised estimate approved by provincial People's Council, marking a 29% increase compared to the same period last year. Notably, as part of the province’s 100-day intensive campaign to accelerate the disbursement of public investment capital in 2025, over VND 2.049 trillion has already been disbursed.

Concluding the meeting, Mr. Minh emphasized that departments, agencies and localities need to focus on removing obstacles to accelerate the disbursement of public investment capital. He basically agreed to approve the contents and drafts presented at the meeting while receiving opinions on the draft items under the authority of provincial People's Committee, completing draft decisions and then submitting them to provincial People's Council for approval.

Reported by Minh Duy-Translated by Kim Tin