Progress of developing the mid-term public investment plan in Vietnam for the 2026-2030 period

Progress of developing the mid-term public investment plan in Vietnam for the 2026-2030 period

The content mentioned in Directive 25/CT-TTg, 2024 on preparing the medium-term public investment plan for the 2026-2030 period issued by the Prime Minister of the Government of Vietnam.

(1) The Ministry of Planning and Investment, in collaboration with the Ministry of Finance and related agencies shall:

- Based on Directive 25/CT-TTg, 2024, guide ministries, central agencies, and localities on goals, requirements, content, timeline, and progress in preparing the medium-term public investment plan for the 2026-2030 period before August 15, 2024.

- Urgently develop and report to the Prime Minister of the Government of Vietnam before August 20, 2024, for consideration, and notify the estimated public investment capital from the state budget for ministries, central agencies, and localities in accordance with Clause 2, Article 55 of the Public Investment Law 2019.

- Develop principles, criteria, and norms for allocating public investment capital from the state budget for the 2026-2030 period and present to competent authorities as regulated before September 20, 2024.

- From February 1, 2025 to April 30, 2025, appraise and provide appraisal opinions on the proposed plan and method for allocating medium-term public investment capital from the central budget for the 2026-2030 period for ministries, central agencies, and localities.

- Consolidate the national medium-term public investment plan for the 2026-2030 period and report to the Government of Vietnam before July 31, 2025.

Progress of developing the mid-term public investment plan in Vietnam for the 2026-2030 period (Image from the internet)

(2) Ministry of Finance of Vietnam shall:

- Lead in collaboration with the Ministry of Planning and Investment and relevant agencies to report to the Government of Vietnam on the projected balanced state budget for development investment for the 2026-2030 period before January 15, 2025.

- Coordinate with the Ministry of Planning and Investment to implement tasks in Item (1).

(3) Ministries, central agencies, and local authorities shall:

- Seriously implement Directive 25/CT-TTg, 2024 and the guidance of the Ministry of Planning and Investment, ensuring quality and progress as regulated.

- Based on regulations in the Public Investment Law 2019, Directive 25/CT-TTg, 2024, and guidance from the Ministry of Planning and Investment, review and consolidate capital needs, prepare the medium-term public investment plan for the 2026-2030 period, and send to the Ministry of Planning and Investment and the Ministry of Finance before September 30, 2024.

- After receiving the appraisal opinions from the Ministry of Planning and Investment as per point (d) Clause 1, Section IV of Directive 25/CT-TTg, 2024, finalize the medium-term public investment plan for the 2026-2030 period and send to the Ministry of Planning and Investment and the Ministry of Finance before June 30, 2025, for consolidation and reporting to competent authorities.

(4) Ministers, heads of agencies under the Government of Vietnam, and other central institutions, as well as Chairmen of People's Committees of provinces and centrally affiliated cities, based on their functions, duties, and provisions in Directive 25/CT-TTg, 2024, urgently organize and implement following the regulated progress in the Public Investment Law 2019 and guidance from the Ministry of Planning and Investment, ensuring the medium-term public investment plan for the 2026-2030 period is of high quality, economical, and effective.

Assessment of the use of public Investment Capital in the Socio-economic Recovery and Development Program

According to Directive 25/CT-TTg, 2024, the evaluation of the use of public investment capital in the socio-economic recovery and development program is mentioned as follows:

The implementation of the Program is organized according to tasks assigned by competent authorities. The total public investment capital of the Program is assigned by competent authorities to ministries, central agencies, and localities. The situation of allocating public investment capital for tasks and projects under the Program by ministries, central agencies, and localities.

The situation of allocation, implementation, and disbursement of capital for tasks and projects under the Program in the annual public investment plan (specific reports on the adjustment situation of the plan capital between tasks and projects under the Program for tasks and projects under the medium-term public investment plan for the 2021-2025 period, the reimbursement of annual public investment plan capital for tasks and projects under the Program).

Achievements. Feasibility and the potential for completing tasks and projects under the Program according to the assigned goals and tasks. Difficulties and obstacles in implementation, responsibilities of individuals and collectives. Lessons learned. Propose solutions and recommendations (if any).

More details can be found in Directive 25/CT-TTg, 2024.

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