On 24/4, with over 96.4% of delegates voting in favor, the National Assembly passed a resolution on the medium-term public investment plan for the 2026-2030 period.

Public investment will account for 20-22% of total social investment from 2026 to 2030. Of this, the central budget will allocate 3.8 quadrillion dong, and local budgets will contribute 4.42 quadrillion dong.

The National Assembly tasked the Government with disbursing at least 95% of public investment capital and reserving 10% of the central budget to address unforeseen issues.

"Public funds must be strategically allocated, reducing the number of projects by at least 30% compared to 2021-2025," the resolution states.

National Assembly delegates attend the morning session on 24/4. Photo: National Assembly Media

Regarding the allocation plan, approximately 717 trillion dong from central funds will be disbursed to ministries, central agencies, and localities (over 462.97 trillion dong), as well as national target programs (about 254.027 trillion dong). The remaining sum, exceeding 2.7 quadrillion dong, will be allocated to projects in accordance with public investment legal regulations.

The Government will also allocate over 192 trillion dong from the central budget to 9 important national projects and three new projects. The three new projects, accounting for approximately 68% (over 131.425 trillion dong), include the North-South high-speed railway, the Lao Cai - Ha Noi - Hai Phong railway, and Ho Chi Minh City Ring Road 4.

According to the resolution, the Government is responsible for guiding the allocation of capital to projects based on output, linking it with socio-economic accounting, and evaluating investment efficiency as regulated.

Five years ago, the National Assembly approved a public investment level of 2.87 quadrillion dong, with over half from the central budget. The Government allocated central funds to 4,652 projects, a 50% reduction from the preceding period.

By the end of 2025, public investment disbursement is estimated to reach 3.02 quadrillion dong, exceeding the plan due to increased local budgets from higher revenues and land use fees.

Anh Tu