Ninh Binh actively hastens public investment disbursement

To date, the provincial People’s Council has completed the allocation of the assigned capital plan. Of which 3.55 trillion VND comes from the central budget and over 6.2 trillion VND from the province’s budget.

Dang Thai Son, Director of the Department of Finance, said this year’s allocated investment is over 3 trillion VND higher than the figure in the previous year. This is a great capital source for the province’s growth and shows the high determination of the Government and the province in taking public investment to lead private investment in order to create momentum for other economic sectors to develop. Therefore, the province is striving to disburse at least 95% of the investment sum in 2025, he stressed.

With the high determination of the provincial People’s Committee, the proactive engagement of local administrations at all levels and sectors in removing difficulties to accelerate the speed of construction, especially key projects, in the first month of 2025, the province disbursed nearly 477 billion VND (20 million USD), making 5% of the yearly plan.

To reach the disbursement rate of 95%, the Ninh Binh provincial People’s Committee decided to set up working groups to prompt units and investors to speed up investment procedures and implementation of projects.

Besides, it has promptly removed arising difficulties and hindrances or reported these issues to competent agencies for resolving in a bid to accelerate construction progress and disbursement in line with the schedule and allocated capital plan.

In addition, local administrations at all levels, sectors and branches have continued to accelerate administrative reforms and apply technology in handling public investment procedures.