Objectives and orientation of public investment in Vietnam for the period 2026 - 2030

Objectives and orientation of public investment in Vietnam for the period 2026 - 2030

In the implementation of the medium-term public investment planning for the period 2026 - 2030, 05 objectives and orientations for public investment in Vietnam for the period 2026 - 2030 are defined as follows:

(1) Maximizing attraction and effective use of development investment capital to serve the implementation of the 10-year Socio-Economic Development Strategy 2021 - 2030 and the expected 05-year Socio-Economic Development Plan 2026 - 2030 in Vietnam.

(2) Focus on prioritizing and deploying key, major tasks, projects, iconic works that can turnaround and shift the state, accelerating progress, and completing synchronized, modern infrastructure; avoiding scattered and fragmented fund allocation; for local governments, public investment capital should be allocated appropriately at each level of administration, budget, administrative boundary, and the development requirements of each local level. The number of projects using central budget investment capital in the period 2026 - 2030 must be 15 to 20% lower than the period 2021 - 2025 to concentrate on significant national projects and reduce the time required for procedures.

(3) Continue to prioritize state budget public investment funds for infrastructure construction in mountainous regions, ethnic minority areas, regions frequently affected by natural disasters, storms, floods, climate change, drought, saline intrusion, areas with especially difficult socio-economic conditions, key economic regions, and growth poles.

(4) Public investment capital from the state budget will only be allocated to programs, tasks, and projects that fall within the scope of public investment as defined in the Law on Public Investment, and in accordance with the principles, criteria, and norms for allocating public investment capital from the state budget for the period 2026 - 2030 approved by the competent authority in Vietnam.

(5) Upholding the principle and priority order in the allocation and use of state budget funds to guide and maximize the resources of other economic sectors; creating breakthroughs to attract private sector investment both domestically and internationally through public-private partnership (PPP) methods to concentrate on developing and completing key socio-economic infrastructure systems, especially for projects with wide-reaching impact and significant effects on economic development; and social infrastructure projects serving the community in health, education, and social sectors...

More details can be found in Directive 25/CT-TTg dated August 8, 2024.

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