The 2020 - 2025 term of the provincial Party Congress has marked a period of great effort for Hoa Binh province, a locality still facing many difficulties yet gradually transforming, driven by public investment.

 Immediately after land clearance was completed, contractors accelerated construction progress on the Hoa Binh – Moc Chau Expressway, particularly the section passing through Cao Sơn commune, Da Bac district.
 
In the 2021–2025 period, Hoa Binh has been allocated the largest amount of medium-term public investment ever. The province has restructured its funding sources, prioritising public investment for high-impact, strategic projects aimed at infrastructure breakthroughs and acting as a crucial driving force for socio-economic development.
 
Entering the second year of implementing the Resolution of the 17th provincial Party Congress (2020–2025 term), Hoa Binh officially rolled out its medium-term public investment plan for 2021–2025. The total approved funding after adjustments stands at 33.316 trillion VND ($1.27 billion), including 12.39 trillion VND from the provincial budget and 20.925 trillion VND from the central budget. This marks a record high, an increase of 170% compared to the 2016–2020 period and significantly higher than previous terms. This reflects the strong support from central authorities and the province’s efforts to mobilise internal resources.
 
Alongside central budget allocations, the 12.39 trillion VND from the provincial budget demonstrates the province’s capacity to balance local finances and its determination to make a breakthrough in public investment, especially noteworthy for a mountainous province with ongoing hardships. To secure this record capital for public investment projects, the province mobilised resources from land-use revenues, local budget overspending, and concentrated development investment. It also stepped up efforts to attract off-budget funding and social public investment for infrastructure development projects.
 
A notable highlight in Hoa Binh’s mindset and action during the 2021–2025 period is its strategic shift from scattered and fragmented investment to focused, priority-driven investment. This change aligns with the orientation set out by the 13th National Party Congress.
 
The province’s political system has reformed its thinking and taken decisive action to activate public investment resources effectively. Not only is there a record high in total investment, but the 2021–2025 period also marks the province’s political determination to implement public investment projects. With a "strategic focus” mindset and commitment to breakthroughs, public investment has been linked to efforts to realise a key strategic breakthrough in the 2020–2025 term: investing in synchronous and modern infrastructure.

Specifically, the Resolution of the 17th provincial Party Congress identifies infrastructure development as one of four strategic breakthroughs to be implemented throughout the term. Under Project No. 02 on socio-economic infrastructure development for the 2021–2025 period, the provincial Party Committee has prioritised the development of road traffic infrastructure and technical infrastructure for environmental protection and climate change response. 

Nguyen Van Danh, Director of the Department of Finance, said medium-term and annual public investment plans are allocated in detail for each project and construction work in compliance with regulations, procedures, and timelines.

Additionally, the department advises the provincial People’s Committee to prioritise public investment for large-scale, key, and regionally connected projects that significantly impact local development, particularly major transportation projects and industrial parks and clusters with high investment appeal. Thanks to this, public investment is being used for the right purposes, delivering tangible results, creating ripple effects throughout society, and overcoming fragmented and scattered investment patterns.
 
In recent years, public investment has been channeled into key projects as a central driver of socio-economic development. Notable examples include the Hoa Binh – Moc Chau Expressway (provincial section) with a total investment of 9.997 trillion VND, including 1.754 trillion VND from the provincial budget; and the inter-regional road project linking Hoa Binh with Hanoi and Son La (Hoa Binh – Moc Chau expressway), with a total investment of 4.120 trillion VND, including 1.620 trillion VND from the provincial budget. Numerous important road projects have been initiated or upgraded. To date, the province boasts over 11,170 km of roads, up by approximately 420 km compared to 2020.
 
In addition to transport, irrigation and dike infrastructure projects have also been upgraded to ensure water supply, living conditions, and residential safety. The national power grid now covers 100% of communes, wards, and towns. Industrial zones and clusters have gradually achieved infrastructure synchronisation, increasing the occupancy rate of industrial land and enhancing investment attraction.

At the same time, the province has placed strong emphasis on ensuring social welfare. Numerous public works in health, education, and community development, funded by public investment, are now in place, offering vivid proof of how appropriately timed and targeted public funding can yield effective, visible outcomes.

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