On December 6, the 24th session of the People's Council of Ba Ria - Vung Tau province, term VII, 2021-2026, passed a Resolution approving the 2025 public investment plan in the area.
According to the Resolution, Ba Ria - Vung Tau plans to allocate more than 19,904 billion VND in capital in early 2025. Of which, the capital allocation for projects decided by the province to invest is more than 17,498 billion VND; additional capital for the district budget is more than 1,815 billion VND; and other smart urban programs, national target programs...
The capital of more than VND 17,498 billion corresponds to 351 projects that the province decided to invest in, including 21 key projects (more than VND 7,254 billion); 16 connecting traffic infrastructure projects (more than VND 3,943 billion); and 314 other socio-economic and planning projects.
If classified by industry/sector, the capital spent on economic activities is more than 15,166 billion VND. Of which, investment in road traffic projects accounts for more than 12,769 billion VND (about 72.98% of the total capital allocated to projects).
In addition, the province also plans to allocate more than VND 1,087 billion to funds and projects that have been allocated medium-term capital for 2021-2025; has not yet allocated more than VND 1,083 billion (it is expected to submit to competent authorities for additional allocation to component project 3 of Bien Hoa - Vung Tau expressway after adjusting the investment policy; Ho Chi Minh City Ring Road 4; and projects with increased total investment, other arising situations...).
