The project has been allocated a mid-term public investment plan with a capital of VND 3,400 billion for the 2021-2025 period. This was outlined in Decision No. 490/QD-TTg, dated June 10, 2024, by the Prime Minister, regarding the allocation of additional capital from the central budget’s general reserve and central budget sources for the mid-term public investment plan for the 2021-2025 period.

Perspective of the Hoa Binh – Moc Chau Expressway Phase 1, with a 2-lane scale.
The Hoa Binh – Moc Chau Expressway project, which includes a section in Son La province, is considered a key project by the provincial authorities. It is expected to boost socioeconomic development in the locality and the Northwest region.
The Son La section is over 30 km long, starting at km 53 in Chieng Yen commune, Van Ho district, and ending at km 85+300, intersecting with National Highway 43 in Phieng Luong commune, Moc Chau district. The total length of the land to be cleared is over 30 km. The project will be implemented in phases, initially with a 2-lane scale and a 4-lane land clearance scale. The total investment is estimated at VND 4,938 billion from the state budget, and the construction is scheduled from 2023 to 2028.
The Prime Minister has issued Decision No. 216/QD-TTg, dated March 2, 2024, delegating and assigning management agencies for road projects under the National Assembly’s Resolution No. 106/2023/QH15 on piloting special policies for investment and construction of road projects.
Accordingly, the Son La Provincial People’s Committee has been delegated as the management agency and is authorized to use the local budget and other legal capital sources to invest in the project “Investment in building the Hoa Binh – Moc Chau Expressway, Son La section.”
Vinh Long Chairman determined to eliminate underperforming contractors.
The Chairman of the People’s Committee of Vinh Long province has recently issued a Directive on the implementation and disbursement of the public investment plan for 2024. The Directive calls for strict penalties for consultants and contractors who delay the progress of the projects; and resolute actions, including termination of contracts, against contractors who are not qualified…
The Underperforming Projects: Over 300 Ventures with Zero Public Investment Capital Disbursement Rates Exposed by the Ministry of Finance.
As of April 30th, a staggering 316 central-budget projects and sub-projects across 48 localities have failed to disburse any funds, according to the Ministry of Finance. This concerning figure highlights a standstill in critical sectoral and field-specific initiatives, all funded by domestic capital.