On April 1, 2025, Resolution No. 70/2025/UBTVQH15 of the National Assembly Standing Committee stipulating the principles, criteria and norms for allocating public investment capital from the state budget for the period 2026 - 2030 officially took effect.
According to the Resolution, the allocation of public investment capital from the state budget must serve the implementation of the country's development goals and orientations in the 10-year Socio-Economic Development Strategy 2021 - 2030.
In accordance with the ability to balance investment capital from the state budget in the 5-year financial plan for the period 2026 - 2030, ensuring macro-balance and public debt safety indicators.
Promote public investment restructuring, reasonably calculate the structure of central and local budget resources, ensure the central budget plays a leading role.
Increase the mobilization of non-state budget capital, promote the attraction of social capital to implement infrastructure investment projects.
In addition, capital allocation must ensure concentration, efficiency, not spread, meeting national socio-economic development goals.
The principles of allocation include: Complying with the Law on Public Investment, the Law on State Budget; increasing non-budgetary capital mobilization, reducing administrative procedures.
Prioritize important national projects, transport infrastructure works, regional connectivity, digital transformation, energy, water security; ensure publicity and transparency in allocation.
The order of capital allocation is determined as follows:
- Emergency public investment projects.
- National target programs, national important projects.
- repayment of advance capital, payment of construction arrears.
- The project has been completed but not yet allocated enough capital.
- Programs using ODA capital, international preferential loans.
- PPP project according to regulations on public-private partnership investment.
The Resolution also stipulates the criteria and norms for allocating central budget capital, local capital, domestic capital and foreign capital for the period 2026 - 2030.
Accordingly, localities in mountainous, border and island areas will be given priority for capital allocation to narrow the development gap.
Regarding the capital allocation standard for the period 2026 - 2030, a maximum of 30% of the central budget will be allocated to supplement with targets for localities and allocated by sector and field (excluding capital for projects under the National Target Program and ODA capital, preferential loans from foreign donors).
The remaining central budget capital is allocated to ministries and central agencies according to sectors and fields.
Ministries and central agencies are responsible for specifically allocating to programs and projects in accordance with the provisions of law and according to the principles and priority order prescribed in this Resolution.
