Lam Dong accelerates investment and development

The Tran Phu - Ba Thang Hai - Tran Le intersection (Da Lat) has just been paved with asphalt under the 1.2 km long Hoang Van Thu Street Upgrading and Expansion Project.

In 2025, the total public investment plan assigned in the province is 7,173,422 billion VND; to date, 7,170.42 billion VND has been allocated, reaching 99.96% of the capital plan. As of March 31, 2025, the total disbursed capital is 431 billion VND/7,173,422 billion VND, reaching 6% of the plan (down 0.9% over the same period); of which: Local budget source: disbursed capital is 310 billion VND/5,258.21 billion VND, reaching 5.9% of the plan; Central budget source: disbursed capital is 121 billion VND/1,915,212 billion VND, reaching 6.3% of the plan.

Assessing the growth scenario, Mr. Ton Thien San - Director of the Department of Finance, said: The first quarter of 2025 needs to reach about 15% (equivalent to disbursed capital of VND 1,076 billion); however, according to the actual situation, the estimated disbursed capital reached about 6% of the capital plan, about 9% lower than the set target. Some reasons were pointed out: For the two projects Tan Phu - Bao Loc and Bao Loc - Lien Khuong Expressway (total planned capital of VND 3,359,684 billion, accounting for 46.8% of the plan) have not been disbursed because they are coordinating with investors to edit and complete the feasibility study report; Infrastructure Improvement Project for Agricultural Development in Lam Dong Province (borrowing ODA capital from Japan): planned capital of VND 48.7 billion, has disbursed VND 1,288 billion, reaching 2.6% of the plan; The project owner is coordinating with international consultants to prepare design documents for construction drawings and estimates, and coordinating with localities to carry out site clearance work...

As of April 7, the disbursement rate of the 2025 plan only reached 7.6%. Most departments, branches, agencies, and provincial-level investor units have a disbursement rate lower than the provincial average (only 2.3%), including: Provincial General Hospital, Loc Son - Phu Hoi Industrial Park Infrastructure Development Company, Provincial Police, Lam Dong II Hospital, Provincial Party Committee Office, Department of Construction, Provincial Women's Union, forest management units, two expressway projects that have not yet been disbursed; there are 3 localities with low disbursement rates, including: Lac Duong 5.4%; Da Lat 12.4%; Don Duong 12.5%...

According to the assessment of the provincial leaders, the progress of disbursement of public investment capital is slow; the implementation of some key projects is also slow compared to the set schedule and plan; the progress of inspection, review, and removal of difficulties and obstacles for 203 non-budget capital projects is also slow, not meeting the requirements under the direction of the Provincial Party Committee and the Provincial People's Committee... In addition, since the beginning of the year, many projects are under construction, carrying out site clearance work, and have not yet been accepted for capital disbursement; of which, there are about 22 projects with capital of over 20 billion VND (total planned capital of 1,818 billion VND, accounting for 25.3%) with low disbursement rates; there are 128 projects preparing for investment with a total capital of 175 billion VND, accounting for 2.4%, not yet disbursed because most investors are preparing investment proposal documents and submitting for appraisal; Some projects lack raw materials, the embankment has not been removed...

At the conference to assess the socio-economic situation in the first quarter of 2025, Chairman of the Provincial People's Committee Tran Hong Thai requested: It is necessary to strongly innovate the direction and management methods; focus on handling and removing "bottlenecks" and "barriers", thoroughly resolving weaknesses and bottlenecks related to planning, investment, and land to mobilize and unblock all resources to participate in investing in socio-economic infrastructure, especially transport infrastructure, health, education, culture, sports and climate change response. In addition, promote the disbursement of public investment capital; improve the efficiency of projects using public investment capital. In particular, be determined to mobilize all resources, prepare well for investment preparation to speed up the implementation of the two Tan Phu - Bao Loc and Bao Loc - Lien Khuong Expressway projects. Focus on removing difficulties and obstacles, especially key projects, works, national target programs...

Up to now, 5 projects have completed procedures and implemented construction investment activities (2 projects are continuing to be implemented, namely Dong Thanh Reservoir and Kazam Reservoir); 1 project has completed a number of investment items and is in the process of reviewing implementation contents and completing procedures to continue implementation (Project to Build Da Lat City into a Smart City); 1 project (Ta Hoet Reservoir) is still facing many difficulties and obstacles in compensation and site clearance; 1 project (Dai Ninh Lake Tourist Area) is serving the investigation and inspection work. In addition, the National Highway 28B Project has been approved for investment policy and started construction in 2024...

In order to remove difficulties to put projects into practice, promote the effectiveness of works..., the province has established 7 interdisciplinary delegations to inspect and review non-budgetary investment projects in Lam Dong province; 3 working groups to inspect and urge localities on the socio-economic development situation, budget collection, disbursement of public investment capital, investment attraction, arrangement, streamlining of organizational apparatus and removing difficulties and obstacles in the area are actively operating... The Department of Construction established a working group to remove difficulties and obstacles related to planning for investment projects in urban areas in the province..., detect and resolve many issues affecting and hindering the implementation of projects... aiming at the goal of soon putting public investment projects into service and serving effectively.

Source: https://baolamdong.vn/kinh-te/202504/lam-dong-tang-toc-dau-tu-phat-trien-6d038ce/