Main items of Ngoi Gianh reservoir project to build (Trung Son commune, Yen Lap district) has been completed.
In the period of 2016-2020, the medium-term public investment plan was first implemented, considered as an important innovation step in financial management, budget management, and public investment management on the basis of the linkage of the medium term expenditure frameworks to the five-year plan and to the annual budget. During this period, the total public investment capital in the province reached over VND27,700 billion. The assigned planned capital under the management of the province's budget was over VND17,700 billion; the estimated disbursement of the medium-term plan until the end of 2020 (including the following-year-extended-disbursement capital) reached over VND16,680 billion, accounting for 94.2%.
The effeciency of use speeding up the implementation and disbursement of public investment capital, especially in the situation of COVID-19 pandemic, has been both created more jobs and income for many industries and speeded up progress of infrastructure systems upgrading for provincial economic development and investment attraction.
Investment efficiency gradually improved, basically overcoming the status of spread, wasteful, ineffective investment. The structure of capital mobilization has changed positively, the proportion of State investment capital in total social investment has gradually decreased, from 32.9% in the period of 2011-2015 to 20.3%, in accordance with the orientation of decreasing public investment while increasing private investment.
This will be an important basis for continuing to restructure public investment and improve the efficiency of using public investment capital, making an important contribution to the implementation of the socio-economic development objectives in the period of 2021 - 2025.