Effectively Implementing Breakthrough Measures to Improve the Investment Environment

In recent years, Phu Tho Town has implemented various solutions to effectively carry out the province’s strategic breakthrough in significantly improving the local investment and business environment for the 2021–2025 period.

One of the key solutions the town has focused on is land clearance, which plays a crucial role in enhancing the investment environment, increasing competitiveness, and attracting investment. In 2024, land clearance efforts have continued to show positive progress, with accelerated compensation and resettlement processes. The town has directed compensation and support work for 17 projects, successfully handing over 6 projects. Several major and priority projects have been implemented, including: The access road to Phu Ho Industrial Cluster (IC); The resettlement area and infrastructure construction project for Phu Ho IC; The compensation and support sub-project under the connection route project linking Noi Bai – Lao Cai Expressway with Tuyen Quang – Phu Tho Expressway. At the same time, efforts to resolve long-standing issues and obstacles are ongoing.

In addition, basic construction has always been a key focus of the town, with decisive implementation to promote economic growth, establish infrastructure, and enhance the quality of investment attraction. Measures to accelerate the disbursement of public investment have been comprehensively implemented. For transitional projects and those expected to be completed in 2024, the town has directed the concentration of resources, urging contractors to accelerate construction progress, conduct acceptance testing, make payments, and disburse funds immediately upon completion of work. Investment preparation efforts have been expedited, with the selection of consulting and construction contractors ensuring that newly initiated projects are carried out on schedule.

With the effective implementation of these measures, total social investment capital in the area has maintained its growth momentum. The total social investment capital has exceeded VND 4,500 billion, surpassing the target by 57.6% and increasing by 19.0% compared to 2023. Of this, direct foreign investment capital reached VND 3,040 billion, marking a 36.2% increase from 2023. The town has proactively mobilized support resources from the central budget, provincial budget, and other funding sources. Strict directives have been issued to ensure the disbursement of public investment funds, achieving a disbursement rate of 95%-100% across all funding sources.

With the goal of continuously improving the investment and business environment and attracting investment to the area, the town has directed the consistent and effective implementation of measures to ensure the completion of the medium-term public investment plan for the 2021–2025 period. Efforts have been strengthened in state management of construction investment, ensuring the effective and focused use of public investment funds. Regular monitoring and inspection of project implementation progress have been carried out to identify difficulties and obstacles, thereby accelerating capital disbursement. Special attention has been given to improving the efficiency of compensation and land clearance processes, ensuring timely land recovery and handover according to the schedule, creating the best conditions for investors. Administrative reforms continue to be promoted to enhance competitiveness and further attract investment.

Thanh Loan