Vietnam: Norms of allocation and distribution of public investment capital derived from the central budget’s domestic funds

Le Hai

16:40, 18/09/2020

On September 14, 2020, the Prime Minister of Vietnam issued Decision No. 26/2020/QĐ-TTg elaborating on the implementation of several Articles of the Resolution No. 973/2020/UBTVQH14 regulating the principles, criteria and norms of distribution of the state budget’s public investment capital for the period of 2021 – 2025.

According to Decision No. 26/2020/QĐ-TTg of the Prime Minister of Vietnam, criteria and norms of allocation and distribution of public investment capital derived from the central budget’s domestic funds are specified as follows:

- Not more than 30% thereof is used as goal-based supplementary funding for localities and is allocated and distributed by sectors, industries, but does not include funds for projects of National target programs.

- Residual amounts thereof shall be allocated and distributed as follows:

+ Such amounts are distributed to ministries, central authorities according to sectors or industries.

+ Such amounts are distributed to tasks, programs and projects, specifically including: National target programs, projects of national significance, inter-regional connection and influence programs or projects playing important roles in promoting fast and sustainable socio-economic development, public health protection and care, the implementation of tasks of general national planning, national sea spatial planning, national land use planning, national industrial planning, regional planning, payment obligations of the central budget, other policies using the central budget’s public investment capital under laws.

View details at Decision No. 26/2020/QĐ-TTg of the Prime Minister of Vietnam, issued on September 14, 2020.

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