Dedicating more than 8.2 million billion VND to the medium-term public investment plan for the period 2026-2030

On the morning of April 24, the National Assembly passed a resolution on the medium-term public investment plan for the period 2026 - 2030.

The resolution aims to improve the efficiency of public investment, create spillover effects, and lead the maximum attraction of non-state capital sources for development investment, promoting rapid and sustainable economic growth.

At the same time, promoting the role of public investment as one of the driving forces for growth, completing a strategic, synchronous, and modern infrastructure system to serve economic development goals, ensuring social security, national defense, and security.

Innovate public investment management, implement the allocation, management and use of public investment capital based on assessing socio-economic efficiency, increased infrastructure capacity, and the level of improvement in life and social security enjoyed by the people.

According to the resolution, the total capital of the medium-term public investment plan from the state budget for the period 2026 - 2030 is more than 8.2 million billion VND. Of which, the central budget capital is 3.8 million billion VND, and the local budget capital is more than 4.4 million billion VND.

Reserve 10% of the medium-term public investment plan of central budget capital according to each capital source to handle issues arising in the medium-term plan period according to the provisions of law on public investment and the state budget.

Provision for medium-term public investment plans of local budget capital for the period 2026 - 2030 is decided by People's Councils at all levels according to the provisions of law on public investment and state budget.

Still according to the resolution, the detailed allocation of central budget capital is 717. 000 billion VND, including: allocation to ministries, central agencies, and localities 462. 973 billion VND, allocation to national target programs 254. 027 billion VND.

With the remaining unallocated capital of the medium-term public investment plan of the central budget capital of more than 2.7 million billion VND, the resolution assigns the Government to implement it on the basis of ensuring the conditions of the law on public investment and the principles of this resolution.

Regarding the medium-term public investment plan orientation for the period 2026 - 2030, the National Assembly's resolution emphasized that investment must be focused, key, synchronous, and soon complete and put projects into use, promoting practical efficiency.

In which, focus on national target programs, important national projects, national defense and security tasks, programs and projects according to the Action Program of the Central Executive Committee to implement the Resolution of the 14th Party Congress.

Along with that are key projects with high spillover effects, which have the meaning of promoting socio-economic development, improving the competitiveness of the economy, creating breakthroughs to attract investment capital in the form of public-private partnerships. Overcoming the situation of dispersed, spreading, and prolonged investment.

The Resolution also noted to take public investment to lead and activate the mobilization of non-state investment resources, and promote public-private partnerships in strategic infrastructure development.

Prioritize investment capital from the state budget for dynamic areas, mountainous areas, border areas, islands, ethnic minority areas, areas heavily affected by natural disasters, storms and floods, and areas with particularly difficult socio-economic conditions.

Continue to synchronously complete and make strong breakthroughs in building socio-economic infrastructure; especially multimodal transport infrastructure, technology infrastructure, and infrastructure serving digital transformation.

By 2030, the whole country will have at least 5,000km of highways; focus on investing in and building important highway traffic axes; seaports, gateways combined with international transshipment; major airports; high-speed railway lines on the North-South axis.

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