On the afternoon of January 9, in Hanoi, Politburo Member, Prime Minister Pham Minh Chinh chaired the National Online Conference to promote public investment in 2025 and 2026.
Speaking in conclusion, the Prime Minister said that, for the entire term, priority has been given to allocating resources from the state budget of 3.4 million billion VND for public investment, an increase of 55% compared to the previous period (the absolute number increased by 1.2 million billion VND).
Focus more on key areas, the number of projects using the central budget decreased from 11,000 in the 2016-2020 period to 4,600 projects in the 2021-2025 period.
The Prime Minister clearly stated that the unchanged goal is to disburse 100% of the capital of 2025, 2026 and associated with improving capital efficiency (reducing the ICOR coefficient from about 6 to 4.5). To do so, it is necessary to prepare investment work well, ensure timely progress and quality, and soon put projects into operation.
The Prime Minister emphasized the need to prioritize overcoming the consequences, limitations, inadequacies, and obstacles in public investment recently, with the review of procedures, processes, standards, criteria, and resource allocation... for projects.
The Head of Government also requested to stop scattered investment, to identify priority orders, ensure them according to the approved overall plan; relevant subjects are responsible for selecting the simplest, most convenient but most effective procedures, such as in contractor selection, ensuring publicity, transparency, and preventing and combating corruption, negativity, and wastefulness.
Immediately replace officials who work ineffectively, contractors who do not ensure; promote the application of digital transformation, build KPI indicators to regularly assess, monitor, and urge in project implementation and disbursement of public investment.
Strictly handle investors, management boards, and contractors who cause difficulties, obstruct progress, show signs of law violations, related to corruption, negativity and waste.
Regarding site clearance work, the Prime Minister requested to resolutely overcome the situation of projects waiting for site clearance; publish complete, public, and transparent information, especially land price lists, compensation prices...
Directing the allocation of capital and detailed allocation of the 2026 state budget public investment plan, the Prime Minister requested ministries, branches, and localities to urgently assign tasks and projects in accordance with regulations with the spirit of focusing, prioritizing, and prioritizing key and important national projects.
Ensure that the number of public investment projects using central budget capital in the 2026-2030 period is below 3,000 projects; end the situation of spreading investment," the Prime Minister emphasized, and at the same time noted to allocate capital for scientific and technological works and innovation.
Pay special attention to the implementation of important national projects and key transport sector projects such as Long Thanh International Airport phase 2, connecting roads between Long Thanh airport and Tan Son Nhat airport, North-South high-speed railway, railway lines connecting Vietnam - China...
The Prime Minister emphasized that it is necessary to firmly grasp the thoughts, aspirations, and reflections of the people to resolve them satisfactorily; it is not allowed to forget the legitimate and lawful rights and interests of the people both before, during and after project implementation.
