Enhancing efficiency of non-budget projects

ĐBP - To date, Điện Biên province has approved investment policies or issued registration certificates for 224 projects funded by non-state economic sectors, representing a total registered capital of over VND 76,767 billion.

These resources serve as a vital supplement to public investment, driving economic restructuring, job creation, and local budget growth. Of the total, 152 projects have been completed and are operational with capital exceeding VND 16,160 billion, showing stable performance and full compliance with state financial obligations. Meanwhile, 72 projects are currently in the implementation stage, carrying a massive weight of over VND 60,607 billion in capital, with most generally adhering to their committed investment regulations.

In the realms of urban development, housing, and tourism, several projects have successfully finalized their technical and social infrastructure, creating a fresh urban face for the province. A prime example is the Mường Thanh Market and Commercial Service Project, which replaced a degraded temporary market to form a commercial landmark in the city center. This project has effectively brought business activities into a professional routine, benefiting both small traders and local residents.

The Điện Biên Phủ Commercial Center and Housing project creates a new face for the urban area.

Similarly, the Điện Biên Phủ Commercial Center and Housing Project has significantly contributed to the province’s modern urban aesthetic. However, many other projects remain stalled at the procedural stage, particularly within the group of 13 projects selected through bidding. These are suffering from prolonged delays primarily due to land clearance disputes. For instance, the Residential and Commercial Service Project in Thanh Hưng and Thanh Chăn communes, managed by Danco Land, has been significantly delayed since 2023 because compensation and land use fee calculations have not been finalized.

The agricultural and energy sectors are also facing a significant gap between registered goals and actual progress. The province currently has 13 macadamia projects representing over VND 10,289 billion in capital, yet only 11,350 hectares have been planted out of a planned 39,338 hectares. The high-tech macadamia project by Kinh Bắc Điện Biên highlights this struggle, having planted only 400 hectares out of a planned 7,000 hectares due to difficulties in land mapping and agreements with local residents. In the energy sector, while 21 hydropower projects are operational, 11 others are facing delays related to land-use conversion and national grid connection issues. A notable example is the Nậm He Thượng 2 Hydropower project, which was slated to begin in late 2023 but has yet to complete essential investment procedures.

According to the Department of Finance, there are currently nine stagnant projects and 16 delayed projects across various sectors. The common obstacles remain land clearance, land procedures, and the limited financial capacity of certain investors. One high-tech pig farm in Ảng Tở commune by QSH Global has seen zero progress since 2023 due to shifts in the investor’s strategic technological direction. To address these issues, the province is determined to accelerate land clearance and refine detailed planning to facilitate land auctions and better investor selection. For agricultural and energy projects, officials will review and adjust schedules while requiring investors to provide firm resource commitments.

Điện Biên plans to increase inspections and resolutely revoke projects that continue to violate their commitments, ensuring that every approved investment effectively contributes to the province’s socio-economic life.

Ngọc Huyền
Comment

You have 500/500 characters left

Please enter 5 or more characters!!!

Recent news

  • 'From Uncle Hồ’s teachings to artist’s sense of responsibility

    From Uncle Hồ’s teachings to artist’s sense of responsibility

    CULTURE - SPORTS -
    ĐBP - “Culture and the arts are also a battlefield, and artists are soldiers on that battlefield.” President Hồ Chí Minh’s words have remained deeply etched in the minds of generations of artists and performers at the Điện Biên provincial Art Troupe. For those working in the arts, following Uncle Hồ’s example begins with their everyday work: taking rehearsals seriously, devoting themselves to every performance, constantly learning and creating, and cherishing the traditional cultural values of their homeland and country.
  • 'Raising awareness to repel child marriage

    Raising awareness to repel child marriage

    SOCIAL AFFAIRS -
    ĐBP - Costly lessons from dropping out of school to become wives and husbands at an excessively young age are gradually being addressed in Phình Giàng commune. Driven by the decisive and synchronized involvement of the entire political system, the scourge of child marriage is progressively being curtailed.
  • 'Unlocking resources, forging the future (Part 1)

    Unlocking resources, forging the future (Part 1)

    ECONOMY -
    ĐBP - In the journey to generate development momentum, improving the investment and business climate and enhancing provincial competitiveness are not only immediate imperatives, but also strategic solutions for Điện Biên to unlock resources, attract investment, and expand room for growth.
  • 'Điện Biên’s aspirations to develop

    Điện Biên’s aspirations to develop

    NEWS - POLITICS -
    ĐBP - The 81-year journey since the sacred moment President Hồ Chí Minh read the Declaration of Independence at historic Ba Đình Square is a continuous voyage of our nation safeguarding, cultivating, and promoting the values of independence, freedom, and peace through willpower, intellect, and the strength of solidarity.
  • 'Điện Biên joins nationwide festive rhythm

    Điện Biên joins nationwide festive rhythm

    SOCIAL AFFAIRS -
    ĐBP - These days, Điện Biên dons the radiant crimson of the National Flag. Fluttering against clear blue skies and blending with bustling daily life, the national flag creates a sacred, proud atmosphere for the country’s festive occasion. Local residents eagerly celebrate Independence Day in their own ways, joining in the shared joy of the nationwide festival.
  • 'Điện Biên bustles on National Day

    Điện Biên bustles on National Day

    SOCIAL AFFAIRS -
    ĐBP - On National Day, September 2, historical relic sites across Điện Biên province drew large numbers of local residents and tourists, while communities across numerous communes and wards vibrantly joined cultural, artistic, and athletic activities.
  • 'Điện Biên radiant on National Day

    Điện Biên radiant on National Day

    TRAVEL -
    ĐBP - The 5-day National Day holiday on September 2 serves as an occasion for residents and visitors to rest and enjoy experiences. Across streets and residential quarters in Điện Biên, the crimson of the National Flag blends with colorful banners and floral displays, creating an atmosphere of jubilation and excitement to welcome the nation’s major holiday.
  • 'The light of faith

    The light of faith

    ECONOMY -
    ĐBP - Amid winding roads embracing villages along hill slopes like silk ribbons, rows of towering concrete poles stretch across deep ravines, bringing the national power grid to illuminate mist-shrouded mountain peaks.