Lao Cai ranked 5th in disbursement of public investment capital among provinces and cities nationwide.

As of September 15, the disbursement rate of public investment capital in Lao Cai province reached 71.8% compared to the budget capital plan assigned by the Prime Minister and ranked 5th among provinces and cities nationwide.

Contractors are focusing on maximum equipment and human resources to speed up the progress of traffic projects.

According to the report of the Provincial People's Committee, up to now, Lao Cai has allocated and assigned a public investment plan of nearly 15,120 billion VND (of which, the old Yen Bai province is nearly 7,023 billion VND, the old Lao Cai province is nearly 8,097 billion VND). Of this amount, more than 14,748 billion VND has been allocated in detail, reaching 97.5% of the capital plan; the remaining capital that has not been allocated in detail is more than 371 million VND, accounting for 2.5%.

As of September 15, the whole province has disbursed about 6,800 billion VND, reaching 45% of the 2025 plan, higher than the same period in 2024 (at this time in 2024, Yen Bai province reached 36.3%, and the old Lao Cai province reached 34%). Of which, the disbursement of the budget capital plan assigned by the Prime Minister reached 6,502/9,047.9 billion VND, equal to 71.8% of the assigned plan, ranking 5th among the provinces and cities nationwide.

Construction of the road bridge project across the Red River at the border of Bat Xat (Vietnam) - Ba Sai (China).

Construction units of Package No. 8 level the ground and build technical infrastructure for plots SX1 and SX2 in the Kim Thanh - Ban Vuoc logistics area.

To speed up the disbursement of public investment capital and put projects into use soon to promote investment efficiency, the province requires departments, branches and localities to focus on removing obstacles in the implementation process, especially site clearance. At the same time, strictly implement discipline and order in construction investment, improve the capacity of contractors. The province also emphasizes speeding up the progress of key projects and works on construction and transportation, strengthening connectivity, creating momentum for socio -economic development in localities.

Source: https://baolaocai.vn/lao-cai-thuc-hien-giai-ngan-von-dau-tu-cong-dung-thu-5-trong-cac-tinh-thanh-ca-nuoc-post882731.html