Adjustment to the medium-term public investment plan for the central budget for the period 2021–2025 in Vietnam

Adjustment to the medium-term public investment plan for the central budget for the period 2021–2025 in Vietnam (Internet image) 

Regarding this matter, LawNet would like to answer as follows:

On April 16, 2024, the Prime Minister issued Decision 312/QD-TTg on the adjustment of the medium-term public investment plan of the central budget for the period 2021–2025 for projects within the internal system of ministries, central agencies, and localities in Vietnam.

Adjustment to the medium-term public investment plan for the central budget for the period 2021–2025 in Vietnam

The adjustment of reduction to the medium-term public investment plan for the central budget for the period 2021–2025 of projects that have been assigned the medium-term public investment plan to adjust the corresponding increase in the medium-term public investment plan for the central budget for the period 2021–2025 for projects within the internal system of ministries, central agencies, and localities as attached in Decision 312/QD-TTg.

* Implementation:

- Ministries, central agencies, and localities, based on the adjusted medium-term public investment plan for the central budget for the period 2021–2025, shall:

+ Notify or decide on the medium-term public investment plan for the central budget for the period 2021–2025 for subordinate agencies and units, ensuring compliance with the regulations on public investment, resolutions of the National Assembly, and the intended purposes and effectiveness.

+ Be responsible for completing the projects that have adjusted the medium-term public investment plan for the central budget for the period 2021–2025, ensuring compliance with the specified time frame according to the Law on Public Investment; not proposing the competent authority to supplement the central budget for projects that have adjusted the medium-term public investment plan for the period 2021–2025.

+ Be accountable to the Prime Minister, inspection, audit, and relevant agencies for the accuracy of the reported content, data, project list, and capital allocation for each project, ensuring compliance with the regulations; combating negative behaviors, corruption, group interests, and fraud.

- The Ministry of Planning and Investment, Ministry of Finance, based on their assigned functions and tasks in state management of public investment, shall be responsible to the Prime Minister, inspection, audit, and relevant agencies for the accuracy of the reported content, data, ensuring compliance with the regulations, combating negative behaviors, corruption, group interests, and fraud; monitoring and inspecting the implementation of Decision 312/QD-TTg.

* Reporting deadline for the implementation results and disbursement of the medium-term public investment plan for the period 2021–2025:

- Report the notification or decision on the medium-term public investment plan for the central budget for the period 2021–2025 for subordinate agencies and units to the Ministry of Planning and Investment, Ministry of Finance, before May 5, 2024.

- The implementation and disbursement of the medium-term public investment plan for the period 2021–2025 shall be carried out in accordance with the provisions of the Law on Public Investment 2019, Decree 40/2020/ND-CP dated April 6, 2020 of the Government detailing the implementation of certain provisions of the Law on Public Investment 2019, and relevant Government resolutions and directives of the Prime Minister.

Decision 312/QD-TTg shall take effect on April 16, 2024.

Nguyen Ngoc Que Anh

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