Accelerating Public Investment Disbursement to Drive Socio-Economic Growth

In recent times, public investment disbursement in Phu Tho province has achieved significant results, becoming a highlight of the 2025 socio-economic development landscape. The disbursement rate reached approximately 95% of the annual plan, equivalent to 182% of the target assigned by the Prime Minister. This result reflects the political determination and the decisive, flexible leadership of local authorities in managing and promoting public investment, thereby creating a vital impetus for economic growth.

In 2025, the total state budget capital allocated to the province was 35.94 trillion VND. This included 11.33 trillion VND from the central budget, 23.61 trillion VND from the local budget, and 5.63 trillion VND carried over from 2024. The large volume of capital and wide project scope set high requirements for organization and execution.

Efforts in public investment disbursement have accelerated the progress of transport infrastructure projects, creating momentum for investment attraction and socio-economic development in Thanh Ba Commune.

To resolve bottlenecks, especially for key projects, the Provincial People’s Committee established steering committees and specialized task forces. Regular meetings were held to promptly address issues arising during implementation. Simultaneously, the province effectively reorganized project owners and management units under a two-tier local government model.

At the grassroots level, the handover and management of public investment projects were executed swiftly. For instance, Thanh Ba Commune received 115 projects transferred from the district level and 27 projects from the communal level.

Mr. Khuat Nang Thang, Vice Chairman of the Thanh Ba People’s Committee, stated: "Allocating project management to the Public Service Center and proactively resolving obstacles ensured that disbursement stayed on schedule and maintained high quality. This created significant momentum for local growth. In 2025, the commune’s budget revenue reached 63.32 billion VND, a 59% increase over the plan. The investment environment continues to improve, attracting substantial interest from businesses."

On a provincial scale, accelerated disbursement has provided a powerful “push” for infrastructure, particularly in transport and production support services. This synchronized connectivity has attracted strong private and Foreign Direct Investment (FDI). In 2025, the province attracted approximately 1.2 billion USD in FDI (114.2% of the plan, up 38.5% compared to 2024). Domestic Direct Investment (DDI) reached an estimated 220 trillion VND, 3.3 times higher than the previous year. Approximately 4,500 new businesses were established (128.6% of the target), with a total registered capital of over 40 trillion VND. Furthermore, about 1,000 businesses resumed operations, a 25% increase from 2024.

Looking toward 2026, the province’s total public investment capital is projected at 22 trillion VND, with a target of 100% disbursement. As the first year of the 2026–2030 Socio-Economic Development Plan, the province continues to aim for double-digit growth. This requires all levels and sectors to urgently allocate detailed capital to each specific project to ensure funds are put into practice early.

To enhance efficiency, authorities at all levels will continue to manage the 2026 budget strictly and economically. The Provincial People’s Committee will assign specific public investment targets to each investor and locality from the beginning of the year to avoid implementation delays.

Timely public investment disbursement not only ensures the progress of key projects but also creates a “spillover effect” for socio-economic development, consolidating the confidence of businesses and citizens in the government’s management capacity. This forms a solid foundation for the province to continue attracting investment resources and creating sustainable growth momentum in the next phase.

Le Oanh