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With strong determination, the Western Hai Phong Investment and Construction Project Management Board is taking a range of bold and synchronous measures to speed up public investment disbursement.
Many projects ahead of schedule
The extended provincial road 396 project (connecting provincial roads 391 and 390) in the former Thanh Ha and Tu Ky districts, West Hai Phong, was approved in September 2023. It spans over 7.6 km with a total investment of over 846 billion VND. Construction began in July 2024 and by June, more than 50% of the 2025 allocated budget had been disbursed, exceeding the plan.
Another key project is the construction of an interchange connecting National Highway 17B with National Highway 5 and Ha Noi – Hai Phong railway with a total investment of 1.867 trillion VND. Started at the end of December 2024, this project had already disbursed over 60% of its 2025 budget allocation by the end of June.
According to the Western Hai Phong Investment and Construction Project Management Board, a total of over 5.175 trillion VND has been allocated for 69 projects in 2025. Estimated disbursement in the first half of the year reached more than 2.331 trillion VND, nearly 53% of the allocated budget and over 45% of the full-year plan. In July alone, estimated disbursement exceeded 812 billion VND. The board aims to complete 100% of the 2025 budget disbursement target by year’s end.
Decisive solutions
Le Anh Tuan, Deputy Director of the Western Hai Phong Investment and Construction Project Management Board, said that the unit has taken a lot of synchronous measures to speed up construction progress and disbursement. Project owners urged contractors to concentrate machinery and equipment, adjust construction methods, and resolve material-related bottlenecks to ensure a steady supply of building materials.
The extended provincial road 396 project exemplifies this approach. “With the goal of completing the project by December 2025, we’ve mobilized maximum equipment and manpower, maintaining 5 to 6 construction teams working around the clock in three shifts. As soon as each construction volume is completed, contractors work closely with the investor for timely acceptance, payment, and disbursement,” said Tran Ngoc Duong, a representative of the joint venture of Viet Hoa Construction and Trading JSC.
To meet all set goals, the Western Hai Phong Investment and Construction Project Management Board is determined to continue applying comprehensive solutions.
For completed projects, the board will closely coordinate with relevant parties to expedite final settlement procedures.
For projects slated for completion in 2025, efforts will focus on finishing all remaining components, finalizing acceptance procedures, and ensuring timely payments and disbursement to contractors.
For ongoing projects extending beyond 2025, the board will push contractors to accelerate construction progress, finalize legal procedures, and certify completed volumes as early as possible.
The Western Hai Phong Investment and Construction Project Management Board is striving to meet all disbursement targets to make a meaningful contribution to the city’s socio-economic development.
NGUYEN LAN
