Vietnam: Medium-term public investment plan for 2021-2025 period

According to Vietnam's Resolution 29/2021/QH15, the total capital of the medium-term investment plan from the state budget for the period 2021–2025 is as follows:

-The total planned capital for medium-term investment from the state budget in the 2021-2025 period is VND 2,870,000 billion, including:

+ Central budget capital (NSTW) of 1,500,000 billion VND, consisting of 1,200,000 billion VND in domestic capital and 300,000 billion VND in foreign capital.

+ Balance of the local budget (VND 1,370,000 billion).

- Reserve 10% of the central budget's medium-term investment plan for each capital source to handle problems arising during the implementation of the medium-term investment plan.

- Provision for medium-term investment plans of local budget capital for the period of 2021–2025 decided by People's Councils at all levels according to their competence specified in Clause 6, Article 51 of the Law on Public Investment.

- Allocation of the medium-term investment capital plan from the state budget:

The amount of capital allocated to ministries, central agencies, and localities is as follows:

(i) VND 1,090,014,445 billion in central budget allocation;

(ii) The capital of the local budget is 1,233 trillion VND.

For the remaining local budget capital that has not been allocated in detail, VND 137,000 billion, the government urgently completes the allocation plan and submits it to the Standing Committee of the National Assembly for consideration and comments before handing over the medium-term public investment plan.

+ Allocate detailed central budget capital sources to each ministry and central agency by branch and field, and target additional capital from the central budget for each locality.

Vietnam's Resolution 29/2021/QH15 was approved on July 28, 2021.

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