Investment News


Persistence in "taking public investment to lead investment": Ensuring interconnected, synchronous and modern infrastructure

05/02/2021

 

 “Getting public investment to lead investment” can be said to be one of the trademarks of the province. By mentioning Quang Ninh, it is referring to trillions of investment projects in the form of public-private partnership (PPP). The local budget is considered a "prime capital" but it is extremely important, motivating and promoting PPP projects to be implemented quickly. Thanks to that, Quang Ninh has mobilized huge capital outside the budget to complete the infrastructure in a connected, synchronous and modern manner. From here, creating an important foundation for the province to realize its big goals in development.

 Multi-purpose projects

It is estimated that in the 2016-2020 period, the total investment capital for infrastructure development in Quang Ninh is over VND 123,000 billion. The special thing is, on average, for every 1 dong of the budget spent, 8-9 dong of non-budget capital has been mobilized to invest in the province. This is something not every local can do.

Speaking at the 15th Provincial Party Congress, term 2020-2025, National Assembly Chairwoman Nguyen Thi Kim Ngan affirmed: Quang Ninh has persistently, proactively and creatively implemented three strategic breakthroughs. , has focus, focus, achieves many important results. Socio-economic infrastructure, especially transport and urban infrastructure, is relatively synchronously invested. The province has mobilized investment resources in the form of public-private partnership, "taking public investment to lead investment", creating a breakthrough in the development of socio-economic infrastructure, focusing on transport infrastructure, promote regional linkages. With a high urbanization rate and qualified human resources associated with labor restructuring, Quang Ninh has a fundamental premise and important motivation to strive to become a modern industrialized province by 2030.