Construction contractors are currently mobilizing machinery, equipment and workers to speed up progress, especially on key transport projects.

Cam Ly bridge construction project.

According to the Department of Finance, Bac Ninh is managing over 20.3 trillion VND (893 million USD) in public investment capital this year.

The funds have been allocated to sectors and localities to finance both ongoing and new projects in transport, irrigation, environment and healthcare. By the end of August, disbursement had reached more than 10.5 trillion VND, or 51.7% of the planned capital.

Recognizing public investment disbursement as a central task to support socio-economic development and create momentum for growth, Chairman of the provincial People’s Committee Vuong Quoc Tuan called for stronger action at the August regular meeting.

He directed departments, localities and project owners to ensure at least 85% of government-assigned capital and 70% of provincial People’s Council-assigned capital are disbursed by September 30.

Priority is being given to strategic projects, particularly transport infrastructure, while relevant departments are tasked with closely monitoring progress and removing obstacles, especially in land clearance.

Heads of agencies and units entrusted with public investment capital are required to take personal responsibility and lead with decisiveness to ensure timely and effective implementation.

At present, the Department of Finance is tightening oversight of monthly and quarterly disbursement at each project, assigning specific leaders to track construction progress and capital use.

Localities are reviewing and reassessing the disbursement potential of individual projects to reallocate funds from slower projects to those with faster execution capacity. Project owners are mandated to complete payment procedures within three working days of acceptance of completed work, preventing delays and avoiding a rush of payments at year-end.

The province’s aggressive stance on public investment reflects its broader strategy to stimulate economic growth amid challenging domestic and global conditions.

By prioritizing capital efficiency and transparency, Bac Ninh aims to create breakthroughs in infrastructure, improve public services and strengthen investor confidence. The emphasis on accelerating transport projects such as the Belt Road No.4 through Bac Ninh underscores the province’s vision of building modern, interconnected infrastructure as a foundation for sustainable growth.

The provincial leadership has also emphasized the need to maintain discipline and accountability throughout the disbursement process. By reinforcing coordination among departments and addressing bottlenecks promptly, Bac Ninh hopes to turn public investment into a real catalyst for economic transformation.

Key projects in Bac Ninh drive new development phase

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