In 2024, while many localities across the country are facing difficulties in disbursing public investment capital, Thanh Hoa is still continuously in the top of high disbursement. As of October 28, Thanh Hoa has disbursed 9,301.7 billion VND, reaching 65.9% of the allocated capital plan, ranking 4th in the country. Entering the peak of the "sprint" in the last months of the year, investors and construction units are determined to remove the remaining "bottlenecks", organize construction effectively to "reach the finish line" of the goal of disbursing 100% of this capital source.
Not only is it a driving force for economic growth, public investment is also considered as “seed capital” to activate other social resources to participate in socio-economic development. With the motto of not investing widely, this capital source is being prioritized by Thanh Hoa to allocate and implement works and projects that bring strategic breakthroughs in infrastructure, with the expectation of creating new development spaces in the future!
“Paving the way” projects
Like the “Ha Long of Thanh land”, Ben En National Park (Nhu Thanh) with its diverse complex of mountains, forests, rivers, lakes, and caves with shimmering and magical stalactites, has all the elements to develop into an ideal eco-tourism area of national significance. This place promises to be “transformed” when the “mega-project” of the Van Thien to Ben En road is nearing its opening date.
In late October, the appearance of the billion-dollar, 4-lane road has basically taken shape. Van Thien intersection has also opened to traffic with the North-South expressway in the East. From this intersection, vehicles from the North to the South on the expressway can look out to the West of Thanh Hoa, with the undulating hills surrounding the poetic and fascinating Ben En lake... In particular, when the road is completed, it will add a "push" to promote the determination to exploit the Ben En tourist area of "big" investors, creating new growth momentum for the southwestern districts of the province.
Officially starting construction on August 22, 2022, a huge amount of work has been promptly deployed by the construction investor, the Thanh Hoa Traffic Construction Investment Project Management Board, and the site clearance investor (People's Committee of Nong Cong and Nhu Thanh districts). The 69ha area was recovered, affecting 822 households, of which 110 households had to be resettled. The authorities of Nong Cong and Nhu Thanh districts mobilized the entire political system to focus on implementation, with 99% of the total length of the route handed over.
Mr. Bui Anh Tuan, Deputy Head of Project Management Department 2, Thanh Hoa Traffic Construction Investment Project Management Board and Chief Supervisor of the Van Thien - Ben En road project, said: “The construction site is mobilizing 17 construction teams to implement most of the items; including 7 teams for roadbed construction, 6 teams for crushed stone construction, 3 teams for foundation, sidewalk, trees and 1 team for electrical items. 70% of the construction volume, with 12km of the route having completed the foundation, 6/6 bridges on the route have been completed to the bridge deck and railings. In coordination with the authorities of Nong Cong and Nhu Thanh districts to resolve some remaining problems in site clearance, we also strengthen the urging of construction, supervision to ensure the quality of the items for partial acceptance, striving to complete this major project on the occasion of welcoming the Spring of At Ty 2025”.
Directly connected to the Van Thien road project to Ben En, Nhu Thanh district has also completed the Ben En road project to the center of Ben Sung town, with a total length of 2.8km. The route has contributed to connecting Ben En tourist area with National Highway 45 and Ho Chi Minh road, creating favorable conditions to attract tourists from the direction of Ho Chi Minh road to the tourist area, gradually forming the eastern belt road of Ben Sung town according to the plan. This route also shares traffic volume with National Highway 45 through the center of Ben Sung town, opening up space for development and exploitation of land funds in Ben Sung town area, enhancing the ability to connect Ben Sung town with Ben En and Am Tien tourist areas.
Comrade Han Van Huyen, Vice Chairman of the People's Committee of Nhu Thanh district, said: "In the midst of the busy work of site clearance for many key and urgent projects that the district needs to implement this year, the local Party Committee and government have focused highly on site clearance work as well as urging the construction of this project. Currently, the project has been completed and put into operation according to the set plan."
With the motto "transportation goes first, paving the way", from 2021 to now, the public investment capital allocated by the Central and the province has invested in upgrading, expanding, and constructing new national and provincial highways with a total length of 594.9km, 1.3 times higher than the target of the term plan. Many important projects have been put into operation, playing an important role in inter-regional connectivity, gradually completing the regional transport infrastructure network, creating favorable conditions for people's travel and trade of goods, attracting investment and development. It is possible to name a series of projects that have been completed and put into operation this year, such as: the road from National Highway 1A to the starting point of East-West Highway 4 to Nghi Son Port with a total investment of 1,343 billion VND; the project to renovate and upgrade provincial road 506B from Lam Son town to Tho Lap commune (Tho Xuan) with a total investment of 138 billion VND; Ben Kem Bridge (Ba Thuoc) construction project with a total investment of 80 billion VND; traffic route from Yen Cat town to Tan Binh commune...
Last May, the "bridge connecting the happy shores" - the bridge across the Chu River with a total investment of more than 921 billion VND was also successfully closed. This key project officially put into operation, will open up opportunities for connecting trade and exchanging goods for the people of Tho Xuan and Thieu Hoa districts and neighboring areas; at the same time, shorten the way to Tho Xuan Airport for people and investors from Thieu Hoa, Yen Dinh and Vinh Loc districts.
Mobilizing public investment resources to lead investment
In the context that the State budget has not been able to meet the "thirst" for investment, especially in the infrastructure sector with large capital sources, "seed capital" for public investment in Thanh Hoa has played an important role in activating resources from the investment sector in the form of public-private partnership (PPP).
This summer, the Sea Square project - Sam Son City festival landscape axis with an area of 15 hectares, with a total investment of nearly 1,456 billion VND, which Sun Group Corporation coordinated with Thanh Hoa province to implement under the PPP form, was inaugurated, making the "upgrade" of Sam Son tourism in particular and Thanh Hoa in general. It is known that this is just a "highlight" in the billion-dollar "mega-project" - the sea square and the Sam Son urban complex of eco-tourism, resort, and entertainment. When the project is put into full operation, it will not only contribute to changing the face of the tourism industry, helping to attract more luxury and international visitors to the coastal city, but also create a classy ecosystem including large-scale projects, thereby improving the investment environment, creating motivation to attract more large domestic and foreign corporations to invest and do business in Sam Son City in particular and Thanh Hoa in general.
It is known that in 2023-2024, 3 PPP projects are the project to build a clean water and raw water supply system for urban areas along National Highway 47, Thanh Hoa City and surrounding areas; the coastal road section Hoang Hoa - Sam Son, the section Quang Xuong - Nghi Son; the sea square, the festival landscape axis of Sam Son City are key projects promoted by Thanh Hoa province.
In addition, along with institutional creation, the environment for production and business development, State resources have been and are being focused on investing in essential infrastructure, attracting domestic and foreign investors. This will also create more spillover, stimulate development, increase economic scale, improve people's lives, and clearly change the appearance not only of the province but also of neighboring areas.
A bright spot in attracting direct investment, from 2016 to present, Yen Dinh district has successfully attracted 84 new projects, with a total investment of 9,900 billion VND. Notably, in the 2 years of 2021-2023, this locality has mobilized 25 projects, with a total investment capital of 4,560 billion VND; including 5 foreign direct investment (FDI) projects. From 2016-2023, the total mobilized development investment capital in Yen Dinh district is about 24,472 billion VND, 4.5 times higher than the period of 2011-2015. Notably, industrial clusters (ICs) in the area are attracting many investors, such as: ICC No. 1 in Quan Lao town with an area of 72.5 hectares has achieved an occupancy rate of 59%; ICC No. 2 has an occupancy rate of 22.7%; Quy Loc Industrial Park with an area of 22.9 hectares has been approved by the Provincial People's Committee to invest in a garment project with an area of about 4.2 hectares.
According to the leaders of Yen Dinh district, with the view that infrastructure is the leading factor, the locality has focused on reviewing planning and mobilizing capital sources to invest in building technical infrastructure systems, especially traffic infrastructure. Up to now, many traffic routes in the district have been renovated, upgraded and expanded, connecting the district administrative center with commune centers and neighboring areas, with industrial clusters and new residential areas, creating new development corridors.
Some well-invested projects in Yen Dinh district include: the traffic project connecting National Highway 45, Dinh Lien commune with National Highway 47B, Yen Truong commune; the project to renovate and upgrade the road from Yen Hoanh bridge to the southern bypass of Quan Lao town; the bypass of National Highway 45 to the industrial park in the northwest of Quan Lao town... The projects are all planned with focus, key points, designed with vision, associated with the goal of building advanced new rural areas and orienting the development of Yen Dinh to become a provincial urban area in the future.
In particular, with the determination to soon bring Nghi Son Economic Zone (KKTNS) to its full potential, from the Central to the provincial levels, State resources have been prioritized to develop infrastructure here, with many transport infrastructure projects being implemented. The Ministry of Transport has invested in the North-South expressway section through the KKTNS (phase 1) with a scale of 4 lanes to be completed and put into operation in September 2023. The project to renovate and upgrade the shipping channel to the ports in the South Nghi Son area, Thanh Hoa province has also been completed.
From 2021 to now, the provincial budget has also invested and mobilized about 6,296 billion VND to implement many important projects such as: East-West Road 4 project to Nghi Son Port, Tuan Cung River conversion project, North-South Road 2 project, East-West Road project connecting North-South Road 1B with North-South Road 3, road from National Highway 1A to the starting point of East-West Road 4 to Nghi Son Port. Many major projects are being actively urged and accelerated such as: East-West Road 1 extension - KKTNS; investment in construction of main traffic routes in the West - KKTNS; comprehensive development of dynamic urban areas - Tinh Gia urban sub-project, Thanh Hoa province; road connecting North-South Expressway, National Highway 1A to Nghi Son Port; investment in drainage system of Road 513 - KKTNS;...
Comrade Nguyen Tien Hieu, Head of the Management Board of the Economic Zone and Industrial Parks of the province, said: “The Economic Zone has currently attracted 311 domestic investment projects with a total registered investment capital of about 161,619 billion VND and 25 foreign investment projects with a total registered investment capital of more than 12.8 billion USD. In 2025, the Economic Zone is expected to attract large, key projects that investors have been interested in and surveyed recently, such as: Vietnam - India High-Tech Pharmaceutical Industrial Park with a total investment of 62 million USD; Dai Duong 3 Cement Factory with a total investment of 5,990 billion VND; Nghi Son North Wharf expansion with a total investment of 14,119 billion VND; Nghi Son LNG power project with a total investment of 58,026 billion VND”.
In the period of 2021-2024, the whole province has attracted 350 direct investment projects (including 55 FDI projects), with a total registered investment capital of about 58,480 billion VND and 831.6 million USD. In Thanh Hoa, there have appeared names in the world's top 200 such as: Idemitsu Kosan Group; Marubeni Corporation, Mitsui Chemicals; Taiheiyo Cement Corporation (Japan); Kepko Group of Korea; SK Engineering & Construction (Korea); Kuwait Petroleum International (Kuwait); Musim Mas Group (Singapore)... The national and international factories of these investors have come into operation, raising the prestige and position of Thanh products, not only domestically but also internationally. |
In particular, in order to maximize the investment efficiency of the North-South expressway, Thanh Hoa province has mobilized investment resources, allocating nearly VND 8,300 billion from the provincial budget to invest in a number of large-scale projects with 4-8 lanes, connecting the province's key routes with the expressway project through intersections, creating a "leverage" to attract investment.
From a province with a low starting point, Thanh Hoa has now attracted the attention of many famous domestic and foreign investors. In the near future, the AEONMALL Thanh Hoa Commercial Center Project will start construction; investment projects in construction and infrastructure business of industrial parks: Phu Quy with a total investment of 55 million USD, Giang Quang Thinh with a total investment of 53 million USD, the industrial park in the West of Thanh Hoa City with a total investment of 122 million USD are also about to be realized after the memorandum of understanding, which is a "sweet fruit" proving the efforts and attractiveness of the investment environment of Thanh Hoa; including the results from the breakthrough in infrastructure development.
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Lesson 2: Thoroughly remove obstacles
Source: https://baothanhhoa.vn/giai-ngan-von-dau-tu-cong-quyet-tam-giu-vi-the-top-dau-bai-1-kich-hoat-nguon-luc-229448.htm
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