According to the medium-term public investment plan 2021-2025, the 5 cities expected to have the highest total public investment capital in the country are mostly located in big cities.
According to the 5-year economic development plan, the provinces and cities plan to make medium-term public investment for 2021-2025 to create a driving force for economic growth. According to the Department of Planning and Investment, Hanoi is the city with the leading medium-term public investment plan in the country, followed by second by Ho Chi Minh city , the third is Hai Phong, then Dong Nai and Binh Duong.
The provinces and cities that are in the leading group of the country in terms of medium-term public investment plans are all provinces with good economic development. Especially, the capital Hanoi and Ho Chi Minh city is the two largest and most diversified economic centers and an important traffic hub.
Five provinces have the highest public investment plans for the 2021-2025 period. Source: Department of Planning and Investment of localities.
According to the report on the 5-year medium-term public investment plan 2021-2025 of of Hanoi, it is expected that the total medium-term public investment capital in this period of the whole city will be more than VND 304,799.7 billion (decreased by VND 272.9 billion from allocated ODA). In which, medium-term public investment from the city budget is more than 218,962 billion VND and the district level is 85,837 billion VND.
In the plan, Hanoi will focus on important traffic projects such as: Metro Line 3, section Hanoi-Hoang Mai station; project of ring road 4 passing through Hanoi, Hung Yen and Bac Ninh; ring road project 3.5 section from Thuong Cat bridge to national highway 32 and ring road project 2.5 auxiliary roads, connecting belts 2 and 3, going through Tay Ho Tay urban area – Nguyen Van Huyen – Trung Kinh – Dam Hong – Kim Dong – Linh Nam.
For Ho Chi Minh city, the city is expected to invest 156,557 billion VND in the medium-term public investment plan. In which, the capital from the local budget is 142,557 billion VND and the State budget is 14,000 billion VND.
The period 2021-2025, Ho Chi Minh City focuses on a number of key projects such as: HCMC green traffic development project; the project to improve the water environment of the city in the Tau Hu – Ben Nghe – Doi Te canal basin (phase 2); urban railway construction project in Ho Chi Minh City, line 1 (Ben Thanh – Suoi Tien) and project to build metro line 2 in Ho Chi Minh City (Ben Thanh – Tham Luong).
Along with two big cities, Hai Phong also promotes public investment capital in the 2021-2025 period. According to Hai Phong Department of Planning and Investment, the city’s total public investment capital for the period 2021-2025 is about VND 95,032 billion.
This is an abundant source of capital, making an important contribution to meeting the development requirements of the city. Hai Phong will spend most of the public investment capital to implement major projects such as Ring Road 2, Ring Road 3, the city’s administrative-political center, important intersections, etc.
In Dong Nai, according to the plan, the province expects the medium-term public investment capital in the 2021-2025 period to be about VND71,979 billion. In which, the local budget is about 60,694 billion VND, the central budget is 11,284 billion VND.
With this investment capital, Dong Nai plans to start 58 new projects, mainly transport infrastructure in the period 2021-2025, in addition to 27 transitional infrastructure projects in the 2016-2020 period. Some notable projects are: Nhon Trach district inter-port road project, phase 1, about VND 2,961 billion; project to build the central axis of Bien Hoa city, the section from Vo Thi Sau street to Dang Van Tran street, VND 1,985 billion,…
In Binh Duong, the total public investment plan of the province’s local budget in the period of 2021-2025 is VND 69,562 billion, expected to be arranged for 453 projects, with an average of VND 152 billion/project. Some key projects connecting regional infrastructure have been allocated capital by the province in the medium-term public investment plan for the 2021-2025 period, such as: East-West main road of Di An city (VND 660 billion), North Road Tan Uyen – Phu Giao – Bau Bang (1,700 billion VND); 5 Phuoc Kien underpass (400 billion VND); Underpass at Cho Dinh intersection (360 billion VND); Bridge connecting Binh Duong – Tay Ninh (VND 120 billion).
Business and Marketing Magazine | Minh Tien| Translated by VIFUCO| February 18, 2022