In 2023, Binh Duong province was allocated 21,817 billion VND of public investment capital (the highest ever). This capital is mainly used to invest in infrastructure projects connecting the region. 

Binh Duong Provincial People’s Committee has just issued Decision No. 3679/QD-UBND on the allocation of public investment capital in 2023 (local budget capital).

According to the decision, the total capital of the public investment plan in 2023 from the provincial budget is VND 18,675 billion. Compared to 2022, the local budget for public investment in Binh Duong increased 2.17 times.

Including the central budget in 2023 assigned by the Prime Minister, the total public investment plan in 2023 of Binh Duong is 21,817 billion VND. This is the highest amount of public investment allocated ever.

Binh Duong

The fact that Binh Duong has been allocated public investment capital is higher than in previous years to promote investment in regional infrastructure projects such as Ring Road 3, Ring Road 4 (HCMC) passing through Binh Duong; Expressway Ho Chi Minh City – Thu Dau Mot – Chon Thanh; Saigon riverside road from Thu Dau Mot to Thuan An.

Regarding the disbursement of public investment capital in 2022, Binh Duong province has issued the plan No. 6523/KH-UBND, on implementing the peak campaign to accelerate the disbursement of public investment capital.

The campaign will run from December 8, 2022 to January 31, 2023. In the plan, Binh Duong province has assigned disbursement rate targets to 16 agencies and units and set out 12 specific tasks for agencies and units to implement according to the schedule.

According to the report of Binh Duong Department of Planning and Investment, before the promulgation of the plan, the disbursement rate of the public investment capital plan in 2022 (including capital in 2021 extending to 2022) only reached 38.7%. ; It is estimated that as of January 5, 2023, the disbursement rate will reach 58.2% and as of January 31, 2023 it will be 83.4%.
The amount of capital that is not expected to be disbursed is mainly due to projects such as road construction from Tam Lap bridge to Dong Phu; building a bridge over Dong Nai river (Bach Dang Bridge 2); 1500-bed general hospital; compensation and ground clearance of Bung Biep – Suoi Cat drainage axis (section of Thuan An city)…

Due to challenges and issues with site clearance, investment planning, project management, etc., the cause of public investment disbursement did not meet the plan.