The province has added 18 projects to its 2024 public investment plan, totaling nearly VND 17.5 billion, and has removed 13 projects with a total capital of over VND 400 billion. Adjustments have been made to increase capital for 50 projects, with a total additional capital of nearly VND 1,500 billion, and to decrease capital for 58 projects, with a total reduction of over VND 1,100 billion. Additionally, two projects have had their local budget deficit capital reduced by over VND 1,000 billion.
The project to dredge and reinforce Suoi Cai from Tho Ut Bridge to Dong Nai River will receive increased capital from Binh Duong Province.
So far this year, Binh Duong Province has been among the localities with a relatively high rate of public investment disbursement, although it has not yet met expectations. Specifically, the total disbursement of public investment capital in Binh Duong Province has reached over VND 5,000 billion, achieving approximately 25% of the plan assigned by the Provincial People’s Council.
There are several reasons why the disbursement has not met expectations, including mechanisms and policies, especially the untimely issuance of guiding documents for the implementation of the Bidding Law, which has affected the implementation process. Some projects have had to adjust their documents and forms, and there are still ambiguities and inconsistencies between the Public Investment Law, its guiding decrees, and related laws, which have impacted the implementation and disbursement of public investment capital.
Moreover, compensation and site clearance remain a major bottleneck affecting the construction progress of projects. The procedures for land retrieval, compensation, and resettlement support for projects are prolonged and complex, and the compensation and support policies are not in line with reality.
The key solution for Binh Duong is to accelerate the progress of inter-regional transport projects with large investments and high site clearance costs, such as the Ring Road 3 and Ring Road 4 of Ho Chi Minh City, and the Ho Chi Minh City-Thu Dau Mot-Chon Thanh Highway.
“Resolute in the Pursuit of 7% Growth, Despite the Super Typhoon’s Challenges”
The outlook for Vietnam’s economy remains positive, with forecasts from both domestic and international economic organizations predicting high-growth scenarios that could even surpass the upper target of the 2024 GDP goal. Despite the potential setbacks caused by Super Typhoon Yagi, Prime Minister Pham Minh Chinh remains steadfast in his ambition to achieve a remarkable 7% growth rate for the year.
“A Heartwarming Act of Philanthropy: The Huynh Uy Dung-led Dai Nam Company Donates 5 Billion VND to Flood Victims.”
Many organizations and individuals in Binh Duong have made generous donations to support the flood-affected people in the region. Among them, Dai Nam Joint Stock Company stands out with their remarkable contribution of 5 billion VND in cash.
The Great Land Fill: Unlocking Public Investment for Quang Nam’s Stalled Projects
The province of Quang Nam is facing significant challenges in completing its key projects due to a shortage of fill dirt and construction sand, causing significant delays. Despite the province’s aggressive implementation of solutions to expedite the disbursement of public investment capital and eliminate unnecessary projects, the disbursement rate still falls short of the planned target.
The Profitable Flamingo: How the Resort Chain Soared to Success in 2024
Flamingo Holdings has just released its financial report for the first half of 2024, and the results are impressive. The company has seen significant growth in both revenue and profit, surpassing expectations and setting a strong precedent for the remainder of the year. With a strong performance across the board, Flamingo Holdings is poised for continued success and a bright future ahead.
