In recent years, Binh Duong has identified that the mobilization of resources for infrastructure development was essential. The province has flexibly applied mechanisms, policies; taken full advantage of the Government, ministries and central agencies’ support; boosted the socialization in some fields to utilize resources of economic sectors and develop infrastructure, upgrade urban landscapes. Thereby, contributing to generating a foundation for provincial socio-economic development.
Actively seeking funds
In the 2011-2015, the total investment in infrastructure development of the province reached more than VND98,600 billion, accounting for 37.3% of total social investment capital; an average increase of 14%/year. In particular, State budget’s capital accounted for 24.8%, the rest was contributions from businesses and citizens. Meanwhile, the Central’s financial support was VND309.2 billion, which have been allocated properly for projects. Capital construction investment from the provincial budget was over VND20,000 billion that have been allocated for compensation, site clearance, projects being incapable of direct payback, important projects motivating other sources for infrastructure development.
In recent years, Binh Duong has applied flexibly mechanisms, policies to develop infrastructure. Photo: Highway 13, an arterial road, the "backbone" of the province.
In addition, official development assistance (ODA) fund have been utilized by the government and investors with total funding of about VND8,134 billion allocated for 6 water supply and drainage works, environmental treatment and 1 educational project in the province. In the 2011- 2015, the province disbursed VND2,857 billion of ODA. These projects have not only served production and daily life’s needs in the province but also provided people and businesses bordering Ho Chi Minh; and have taken steps to improve the environment, modernize material facilities of vocational training… to contribute to the sustainable development goals of the province.
Infrastructure development
Based on the approved plan, Binh Duong has been actively looking for funds and investors to invest in building new roads managed by the Central and crossing the province, such as My Phuoc – Tan Van road, Thoi An bridge, a stretch of Belt 4 road, Highway 13 ... In addition, the province has mobilized all available resources to invest in new construction, renovation, expansion of important roads connecting many regions, and transport infrastructure connecting local transport network with the southern key economic zone.
The province has also invested in important transport projects, like: expanding Highway 13 crossing the province with 62km long; upgrading and expanding DT741 with 49km long; renovating hu Bien, Bach Dang, Thanh Hoi bridge… Development planning, urban renovation, technical infrastructure have been interested by provincial leadership. In parallel, rural infrastructure, rural roads have been invested by the government and people. The province has asphalted and concreted 1,892km communal roads, hardened 1,134km hamlet roads. The province also upgraded irrigation works, renovated canals, pumping stations ... to ensure production conditions.
Effective deployment of mechanisms and policies
According to PPC, the expected total investment in the 2016-2020 period of the province is more than VND36,000 billion, which is still lower than the investment need of the province. Hence, provincial budget needs to focus on important works with extensive effects. Besides, in order to improve the efficiency of State budget’s investments, Binh Duong will operate efficiently budget collection – disbursement; save regular costs to increase development investments; manage strictly capital allocation, prioritize key projects, restrict debts of capital construction…
In the following period, Binh Duong will continue boosting non-State investment attraction; set up specific mechanisms, processes, list of projects to attract investments from businesses with high financial ability and speciality in public - private partnership (PPP) and other appropriate methods. The province will mobilize contributions from the people to the construction, maintenance of rural infrastructure and urban landscapes; enhance FDI attraction in urban infrastructure, services, logistics and educational infrastructure, high-quality health care...
To mobilize and take full advantage of all economic sectors’ resource to invest in socio-economic infrastructure, in the 2016-2020 period, the province will review and update plans, especially the land use planning as the foundation for investment resource planning. PPC asked all levels and sectors to plan and widely publicize land allocation for PPP projects, auctions, and socialization. In addition, all sectors and localities need to apply effectively and efficiently financial mechanisms involved land; focus on land resource development associated with urban areas potential areas by expanding urban space, heightening land value.
Reported by Phuong Le – Translated by Ngoc Huynh
