Prime Minister Pham Minh Chinh has just signed Directive No. 25/CT-TTg dated August 8, 2024 on the medium-term public investment plan for the period 2026-2030.
According to that, the Prime Minister requires the implementation of a medium-term public investment plan for the period 2026-2030 in order to attract the maximum amount and effectively utilize available investment funds to serve the implementation of the 10-year socio-economic development strategy 2021-2030 and the planned 5-year socio-economic development plan 2026-2030.
Focus on prioritizing and focusing on implementing major tasks, projects, and programs that are symbolic, transformative, and have a significant impact on the situation and status, accelerating progress, and completing a synchronized, modern infrastructure system.
Do not allocate funds in a scattered, fragmented manner; for localities, public investment funds should be allocated in accordance with each level of government, each level of budget, administrative boundaries, and development requirements of each level of locality.
The number of investment projects using central budget funds to be implemented during the 2026-2030 period must be lower than the 2021-2025 period, with a target of around 15 to 20% of the total number of projects; to focus on major, important national projects and avoid spending a lot of time on procedures.
Implement the principle, order of priority, and allocation, and use of state budget funds to lead, exploit, and maximize the resources of other economic sectors.
Create a breakthrough in attracting private sector funds from within and outside the country through public-private partnership (PPP) mode to focus on investing in and completing a system of important socio-economic infrastructure, especially projects with a wide impact and significant effects on socio-economic development; social infrastructure projects serving community living, such as healthcare, education, and social welfare...
Proactively rearrange the order of priority for programs, tasks, and projects that have been approved by competent authorities based on their level of urgency, importance, and feasibility of implementation during the 2026-2030 period; do not allocate funds in a scattered, fragmented manner.
Focus on allocating public investment funds to complete and accelerate the implementation of National Target Programs, important national projects, high-speed rail projects, urban rail projects, connectivity projects with inter-regional, inter-national, and inter-international impacts, and projects that promote rapid and sustainable socio-economic development.
Ensure transparency, openness, fairness, and accountability in the medium-term public investment plan for the 2026-2030 period. Ensure centralized, unified management of objectives, mechanisms, and policies.
Enhance decentralization and delegation of authority, coupled with a high sense of responsibility and supervision; reduce administrative procedures in managing public investment, grant autonomy to all levels and sectors, and improve the effectiveness of investment.
Develop a medium-term public investment plan for the 2026-2030 period: Ministries, central agencies, and localities will review and forecast the medium-term public investment plan for the 2026-2030 period based on each source of funding in each sector, field, and task, program, or project in order of priority.
Accordingly, allocate sufficient funds to settle all outstanding debts for infrastructure construction (arising before January 1, 2015) in accordance with the Public Investment Law (if any).
Allocate sufficient funds to repay all advance funds (if any)...
Prime Minister Pham Minh Chinh has assigned ministries, sectors, and localities to develop a medium-term public investment plan for the 2026-2030 period before September 30.
