On February 7, 2025, the Standing Committee of the National Assembly of Vietnam issued Resolution 70/2025/UBTVQH15 stipulating the principles, criteria, and allocation norms of public investment capital sourced from the state budget for the period 2026-2030.
The principles, criteria, and norms for allocating public investment capital from domestic sources of the central budget for the period 2026 – 2030 in Vietnam are stipulated as follows:
(1) Principles of Capital Allocation
Implemented according to the provisions of the Law on Public Investment, Article 3 of Resolution 70/2025/UBTVQH15 regarding general principles, priority order in capital allocation, and the following specific principles:
- Public investment capital is allocated for tasks, programs, and projects within the remit of central budget public investment expenditure as stipulated by the law on state budget and public investment;
- Ensure a reasonable correlation in the structure of investment capital allocation between Ministries, central agencies and between sectors, fields; central budget capital supplements with specific goals for localities; capital for implementing specific tasks, programs, and projects as stated in Clause 6 Article 3 of Resolution 70/2025/UBTVQH15;
- Public investment capital of Ministries, central agencies, and localities is allocated by sector and field as per the law on public investment.
(2) Criteria, Norms for Capital Allocation for the Period 2026 – 2030
- Allocate a maximum not exceeding 30% of central budget capital to supplement localities with specific goals and allocate by sector and field (excluding capital for projects under the National Target Program and ODA, concessional loans from foreign donors);
- The remaining central budget capital is allocated as follows:
+ Allocate to Ministries, central agencies by sector and field. Ministries, central agencies are responsible for specifically allocating to programs and projects in accordance with the law and according to the principles and priority order specified in this Resolution;
+ Allocate to specific tasks, programs, and projects as stipulated in Clause 6 Article 3 of Resolution 70/2025/UBTVQH15 and other expenditure tasks under the obligations of the central budget as per the law.
More details can be found in Resolution 70/2025/UBTVQH15 effective from April 1, 2025.
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