As outlined in its recently released 2025 program on thrift practice and wastefulness prevention, the ministry has emphasized prioritizing resources for critical infrastructure development.
The ministry is focusing on allocating capital efficiently to key national programs, projects of strategic importance, and transport networks connecting provinces, regions, and international trade hubs.
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A section of the Trung Luong - My Thuan Expressway |
At the same time, it is conducting a thorough review to eliminate inefficient or non-essential projects, channeling funds into priority initiatives that drive sustainable and rapid economic growth.
A major focus is expediting the implementation of public investment projects, ensuring the swift completion and use of long-delayed infrastructure projects to avoid resource wastage.
Along with enhancing the efficiency of public investment management, the ministry is optimizing mechanisms to absorb investment capital effectively.
According to the MoT's Department of Planning and Investment, the 2025 budget for the ministry is 81.2 trillion VND (3.34 billion USD), with 71.3 trillion VND (2.93 billion USD) allocated from the 2025 budget and an additional 9.4 trillion VND (390 million USD) from surplus funds saved in 2022.
Minister of Transport Tran Hong Minh acknowledged the challenge of efficiently managing this substantial budget but highlighted it as an opportunity to complete essential transport infrastructure projects, laying the groundwork for national economic development.
The ministry has instructed project management units and contractors to maximize resources, take advantage of favorable weather conditions to expedite construction, and work closely with local authorities to address land clearance, resettlement, and technical infrastructure relocation.
It is also requiring detailed monthly disbursement plans for all projects, with strict monitoring to ensure capital is reallocated from slow-moving projects to those with faster implementation progress.
To achieve the national goal of completing 3,000 km of expressways by 2025, Minister Minh has called for accelerated progress on the North-South Expressway (Eastern part). The ministry is also prioritizing investment approvals for key projects such as Ho Chi Minh City – Trung Luong – My Thuan, Ho Chi Minh City – Long Thanh – Dau Giay, Yen Bai – Lao Cai, Thai Nguyen – Cho Moi, Hanoi – Thai Nguyen, Cau Gie – Ninh Binh, Phap Van – Cau Gie, Cam Lo – La Son, La Son – Tuy Loan, and My An – Cao Lanh.
Meanwhile, the Dong Dang – Tra Linh Expressway project is receiving special attention, with the ministry assisting northern Lang Son and Cao Bang provinces in expediting investment procedures for phase two to maximize project benefits.
Source: VNA