11:07, 26/07/2022

Khanh Hoa Province keeps promoting investment

In order to effectively implement the targets set out in the socio-economic development plan for the period 2021-2025, the People's Committee of Khanh Hoa Province has directed departments, branches and localities to boost calling investment, quickly solving problems related to procedures, infrastructure and site clearance, speeding up the progress of projects to accelerate disbursement of investment capital.

In order to effectively implement the targets set out in the socio-economic development plan for the period 2021-2025, the People's Committee of Khanh Hoa Province has directed departments, branches and localities to boost calling investment, quickly solving problems related to procedures, infrastructure and site clearance, speeding up the progress of projects to accelerate disbursement of investment capital.
 
According to a report of the provincial Department of Statistics, in the second quarter of 2022, the total investment and development capital in the province was estimated at more than VND 14,600 billion (up 11.46% over the same period last year), including more than 3,865 billion VND of the State capital (up 5.79%), more than 9,000 billion VND of the non-state capital (up 11.22%) and over 1,700 billion VND of the foreign invested sector (up 28.50%). For the first 6 months of 2022, the province's total development investment capital was more than 26,293 billion VND, up 11.34% over the same period last year. In which, capital construction investment accounted for the highest proportion with 83.28%; investment capital to purchase fixed assets used for production without basic construction accounted for 10.92%; investment capital to repair and upgrade fixed assets accounted for 2.69%; investment capital supplementing working capital accounted for 2.12% and other investment capital accounted for 0.99%.
 
 
Project on
Van Phong 1 BOT Thermal Power Plant project
 
In the plan to implement the key tasks of socio-economic development in July, the Provincial People's Committee assigned specific tasks to each department, branch and locality. For development investment, in the coming time, the province will accelerate the construction and completion of economic development projects to promptly submit them to competent authorities for consideration and approval as a basis for effectively implementing the objectives and tasks in Resolution No. 09 of the Politburo on constructing and developing Khanh Hoa Province to 2030, with a vision to 2045; urgently direct and focus on developing specific plans to implement Resolution No. 55 of the National Assembly; develop a list of key public investment projects in the 2020-2025 period and identify investment needs in projects using non-budget capital to prioritize allocating investment resources and attracting investment effectively.
 
In addition, the provincial People's Committee required investors and localities to be responsible for urging and speeding up the disbursement of public investment capital for projects in the province.
 
In addition, the provincial People's Committee will organize a review and make public investment plan in 2023 to submit to the provincial People's Council for approval in the fourth quarter of 2022; speed up the formulation of provincial plannings, new urban planning and subdivision planning; review and adjust the urban development program of Khanh Hoa Province for the period of 2021-2025 and orientation to 2030, the housing development program of Khanh Hoa Province to 2025 and orientation to 2030. The provincial People's Committee will also effectively develop and implement tasks and solutions to improve business investment environment, improve the Provincial Competitiveness Index (PCI), the Provincial Governance and Public Administration Performance Index (PAPI), the Public Administration Reform Index (PAR-Index) and the Satisfaction Index of Public Administrative Services (SIPAS) in the province to make premise for effective investment attraction.
 
 
Xom Bong Bridge project
Xom Bong Bridge project
 
Currently, the province has a number of important traffic projects that are under construction or about to be invested such as North - South expressway project on routes of Nha Trang - Cam Lam, Cam Lam - Vinh Hao and Van Phong - Nha Trang; Xom Bong Bridge; Khanh Hoa - Buon Ma Thuot highway... When these projects are completed, they will actively serve the task of socio-economic development of the province.
 
For non-budget capital, the province also has a number of large projects that have been implemented, creating a driving force for the economic development and create new revenue sources such as  Van Phong 1 BOT Thermal Power Plant, Southern Van Phong General Port, Ninh Thuy Industrial Zone, Dien Phu - VCN Industrial Cluster...
 
Dinh Lam
 
Translated by T.T