At the 42nd Session of the Provincial People's Committee, the Chairman of the Provincial People's Committee requested departments, branches and localities to implement the contents of the Directive of the Chairman of the Provincial People's Committee on strengthening the attraction of social development investment capital

Accordingly, the key tasks set out are: Improving the effectiveness of leadership and administration, ensuring proactivity, determination and timeliness; emphasizing the role and responsibility of leaders in fulfilling assigned tasks; proactively analyzing and forecasting, promptly responding to external challenges and arising issues; increasing the frequency of monitoring, inspection, supervision and performance evaluation.

Efforts will also focus on addressing institutional obstacles, establishing a transparent, streamlined and comprehensive legal framework for businesses and investors; ensuring uninterrupted state management activities amid ongoing administrative reorganization; accelerating administrative reform and enhancing the investment and business environment.

The province will also accelerate the implementation and disbursement of public investment capital, especially in the second quarter of 2025; strive to complete and bring into use large-scale projects in key infrastructure sectors; and expedite construction progress on ongoing works and projects.

Accelerating the implementation of projects and disbursement of public investment capital in 2025

Actively resolving difficulties and obstacles, supporting the acceleration of the implementation of off-budget investment projects; at the same time, decisively addressing long-standing stagnant projects that risk wasting natural and land resources, thereby unlocking resources for the economy.

It is needed to focus on attracting large-scale investment projects and strategic investors in new sectors and high-tech industries. The province will develop and effectively implement plans, programs and schemes to mobilize resources in emerging fields; enhance the application of science and technology, digital transformation to increase labor productivity and the efficiency of investment capital usage. There will also be greater efforts to mobilize investment resources from the residential sector.

Focusing on attracting large-scale investment projects and strategic investors in new, high-tech sectors. (In the photo: General perspective of Yen Binh Concentrated Information Technology Park)

To ensure the completion of the above tasks, the Chairman of the Provincial People’s Committee requires heads of departments, agencies, Chairmen of District and City People’s Committees and investors to, based on their assigned functions and tasks, focus on thoroughly understanding, directing, guiding and organizing the implementation of this Directive, adhering to the principles of: “clear assignment of personnel; clear tasks; clear responsibilities; clear timelines; clear outcomes; clear methods; and clear funding.” They shall bear direct responsibility before the Provincial People’s Committee and the Chairman of the Provincial People’s Committee for the implementation and results achieved. The Department of Finance shall take the lead, in coordination with the Office of the Provincial People’s Committee, to guide, monitor and urge units to implement the Directive; periodically report on implementation progress and propose solutions to the Provincial People’s Committee to address any issues arising during the process.

In addition, the Chairman of the Provincial People’s Committee requests the State Bank of Vietnam Regional Branch No.5 to develop solutions for bank-enterprise connectivity based on investment needs, promoting the growth of mobilized capital and credit within the province. Secretaries of City and District Party Committees are requested to focus on leading, directing and urging the implementation of the tasks assigned under this Directive, particularly regarding compensation, support and resettlement for investment projects and the disbursement of public investment capital. The Fatherland Front Committee of the province, socio-political organizations and business associations in the province are encouraged to collaborate closely with departments, agencies and District and City People’s Committees to enhance communication and mobilization efforts, encouraging businesses and residents to boost production, consumption and investment activities, as well as fostering consensus in compensation and land clearance for project implementation.