Many key projects in Da Nang only reached approximately 6% of the annual plan

Nguyễn Linh |

Da Nang - As of the end of February, the realized value at many large-scale infrastructure projects in Da Nang City only reached approximately 6% of the annual plan.

The Hoi An Erosion Prevention and Sustainable Coastal Protection Project has a total investment of 982 billion VND (42 million Euros). As of the end of February 2026, the total realized value since the groundbreaking (March 2025) reached 559 billion VND, equivalent to 56.9% of the total investment.

However, in the 2026 capital plan, this project is assigned 484 billion VND. Of which, foreign capital (ODA) accounts for 420 billion VND, and the remaining 64 billion VND is from the city budget. In fact, in February 2026, the realized value is only estimated at 28 billion VND, equal to 5.8% of the annual plan.

At the Vo Chi Cong coastal road completion project (total investment of more than 2,056 billion VND), the accumulated realized value by the end of February 2026 reached 1,006 billion VND. This figure is equal to 48.9% of the total project investment capital.

In 2026, the project is allocated 488.46 billion VND. Of which, the city budget accounts for a large proportion with 450 billion VND, and the central budget supports 38.46 billion VND. In February, the realized value is estimated at 30 billion VND, equivalent to 6.1% of the assigned capital plan.

In the western area of the city, the connecting route from the ring road to the La Son - Tuy Loan expressway has a total investment of 1,654.5 billion VND. As of the end of February, the realized value reached 814.9 billion VND, equal to 49.3% of the total investment capital. In February alone, the realized value reached 23.9 billion VND, equal to 6% of the plan.

For the inner-city project, which is Upgrading and renovating 29 March Park (total cost of nearly 673 billion VND), the accumulated realized value reached 513.3 billion VND, equal to 76.3% of the total investment. In the capital structure of this project, compensation costs accounted for 297 billion VND, construction and equipment costs were 330 billion VND. In February, the project was implemented for 10.9 billion VND, reaching 6% of the assigned planned capital.

Data reports show that the implementation rate in February of all 4 key projects in Da Nang City fluctuated at a low level (from 5.8% to 6.1% of the annual plan).

One of the reasons leading to the above situation is that February coincides with the Lunar New Year holiday, affecting the construction progress at the construction site. However, with the total investment of 4 projects up to more than 5,300 billion VND, the low realized value in February is creating great pressure on disbursement and construction in the following quarters of 2026, especially in projects using ODA capital and the city's centralized budget.

Nguyễn Linh
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