PHU THO TARGETS OVER US$5.27 BLN IN PUBLIC INVESTMENT FOR 2026-2030

Phu Tho plans to allocate VND137.035 trillion (US$5.271 billion) in public investment capital for the 2026-2030 period, up roughly 27% from 2021-2025, while the overall number of projects is expected to fall by at least 30%.

Under the proposed medium-term public investment plan for 2026-2030 funded by the state budget, Phu Tho's total public investment capital is projected to reach VND137.035 trillion (US$5.271 billion), with VND119.084 trillion (US$4.580 billion) coming from the local budget.

The province plans to concentrate funding on key projects that offer strong regional connectivity and the potential for broad spillover effects, while limiting fragmented investment. By increasing total capital while reducing the number of projects, the province aims to improve allocation efficiency, make better use of capital, and prevent projects from extending across several planning periods.

Of the total local budget public investment capital for 2026-2030, land-related revenue is expected to reach VND80.433 trillion (US$3.094 billion), accounting for more than 67%. Under the proposed plan, land-related revenue is expected to increase by an average of 10% annually, with 2026 serving as the base year. After deducting the land-related revenue allocated for 2026, more than VND67 trillion (US$2.577 billion) in revenue will need to be generated during 2027-2030.

For ongoing projects, Phu Tho plans to allocate VND12.355 trillion (US$475.2 million) to 473 projects during 2026-2030. Only about VND865 billion (US$33.3 million) in capital is expected to be needed during 2031-2035. Meanwhile, VND21.134 trillion (US$812.8 million) in capital will be carried over from 2021-2025 into the next period.

The province is also reviewing 63 ongoing projects that have exceeded the prescribed period for capital allocation to determine the causes of delays, remaining funding needs, completion prospects, and the responsibilities of project owners, thereby identifying appropriate measures.

Alongside its medium-term plan, Phu Tho is focusing on balancing capital sources during implementation. More than VND6 trillion (US$230.8 million), representing roughly 5.7% of total capital, including carried-forward funds, remains undisbursed. The province plans to review completed projects that no longer require funding and reallocate the funds to underfunded, ongoing projects with strong implementation and disbursement capacity.

Phu Tho is shaping its 2026-2030 public investment plan around greater concentration of resources, a smaller number of projects, and clear priorities for works that can be completed, deliver tangible results, and create momentum for socioeconomic development. Through this approach, public investment capital will continue to play a leading role in completing key infrastructure and expanding the province's development space during the new period.

Source: VCCI