54 projects are stuck, capital of more than 92. 911 billion VND
According to the Department of Finance, Vinh Long province has 954 valid domestic and foreign investment projects, with a total registered capital of more than 415.321 billion VND. Of which, 182 FDI projects have registered capital of 5.9 billion USD.
Mr. Truong Dang Vinh Phuc - Director of the Department of Finance - said that through review, there are 49 projects being implemented according to the approved schedule, with a total capital of more than 35,322 billion VND; 12 projects have stopped operating and are undergoing termination procedures.
In addition, 11 projects have had their investment policies or investment registration certificates revoked; 7 projects are carrying out procedures for land recovery, investment policy revocation or investment registration certificate revocation.
Notably, 54 projects outside System 751 (resolving backlog projects) are under construction but facing difficulties and delays, with a total capital of more than 92.911 billion VND. Among them, 5 FDI projects have capital of more than 11,279 billion VND.
According to Mr. Phuc, the projects are mainly entangled in site clearance, financial capacity, capital mobilization and land procedures, construction. In Co Chien Industrial Park alone, out of 720 households, 160 households have not been inventoried and counted, affecting progress.
Gilimex Vinh Long Industrial Park has a total capital of more than 2,571 billion VND, has completed many legal procedures and advanced compensation money. However, high site clearance costs and lack of filling sand are affecting the progress.
At Ngu Lac Industrial Park (Green IP-2), land prices and compensation costs are increasing, while the project needs about 6.2 million m3 of sand for phase 1. Connectivity infrastructure, especially National Highway 54, is still limited.
In the energy sector, Tra Vinh Biomass Power Plant, with a capital of more than 1,066 billion VND, has reached the deadline, still facing site clearance, electricity prices and financial capacity; Tra Vinh Green Hydropower Plant, with a capital of more than 7.856 billion VND, has not yet deployed the main project.
Review each project, handle it in the right direction
Talking to Lao Dong Newspaper, Mr. Tran Tri Quang - Chairman of Vinh Long Provincial People's Committee - said that the province requests departments, branches, and localities to review each project, clarify the causes, responsibilities and ability to continue implementation to have appropriate handling directions.
According to Mr. Quang, projects that are still viable must be focused on removing difficulties, creating conditions for capable investors to accelerate progress. For projects that are no longer viable, they must be handled according to regulations.
The Chairman of the Provincial People's Committee requested to clearly classify each project according to progress, level of obstacles and feasibility, thereby determining appropriate handling directions; resolutely handle prolonged projects, investors with insufficient capacity, avoiding waste of resources.
Mr. Quang emphasized that removal must be linked to controlling investor capacity, project efficiency and obligations according to regulations; and at the same time continue to effectively support projects, handle obstacles, and put land and social capital into exploitation.
According to Mr. Quang, the review not only solves immediate difficulties but also improves investment management efficiency, improves the business environment, and limits prolonged projects and inefficient land use.
For projects that meet the conditions to continue, the province focuses on removing obstacles to accelerate progress and soon promote efficiency. Conversely, projects that do not meet the conditions must be handled thoroughly and in accordance with regulations.
Through this, Vinh Long aims to effectively exploit land resources, social investment capital, promote value-creating projects, contribute to the budget, jobs and local economic growth.
