The Executive Committee of the Hanoi City Party Committee has just issued Conclusion No. 170-KL/TU on adjusting the 2024 city-level public investment plan and updating and adjusting the 5-year public investment plan 2021-2025 at the city level; and outlining the medium-term public investment plan for the 5 years 2026-2030, signed by the Standing Deputy Secretary of the City Party Committee Nguyen Thi Tuyen on September 30, 2024.

The conclusion states that, based on the working regulations of the City Party Committee, the Standing Committee of the City Party Committee, and the Executive Committee of the City Party Committee of the 17th term (2020-2025); and based on the opinions of the members of the Hanoi City Party Committee (17th term) on the contents proposed by the Party Committee of the Hanoi People's Committee: Adjusting the 2024 public investment plan and updating and adjusting the 5-year public investment plan 2021-2025 at the city level; and orienting the medium-term public investment plan for the 5 years 2026-2030 of Hanoi City, the City Party Committee unanimously concludes as follows.

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Prolonged heavy rain caused the Bui River to overflow its banks in several communes of Chuong My district, Hanoi, in mid-September. Photo: Quang Phong

The meeting reached a consensus on the proposals of the Party Committee of the Hanoi People's Committee regarding the following contents: Adjusting the 2024 public investment plan and updating and adjusting the 5-year public investment plan 2021-2025 at the city level; and outlining the medium-term public investment plan for the 5 years 2026-2030 of Hanoi City.

The Party Committee of the People's Committee of Ho Chi Minh City directs the People's Committee of Ho Chi Minh City and relevant agencies to study the opinions of the members of the City Party Committee to review and finalize the submission dossier, ensuring compliance with current regulations of the law on public investment and other relevant legal regulations before submitting it to the City People's Council for consideration and approval. This ensures efficiency, adherence to principles and criteria for allocation, alignment with the implementation progress and capital needs of projects, especially key programs and projects, creating momentum to promote the socio -economic development of the city.

Projects aimed at strengthening and ensuring the safety of dike systems, irrigation works, and bridge systems in the area... meet the requirements of disaster prevention and control. A thorough review of adjustments to increase or decrease capital will be conducted to ensure they align with the projected disbursement schedule of the project from now until the end of 2024, avoiding multiple adjustments to the capital plan of a single project. Simultaneously, a continued review of exploitable resources will be conducted to balance medium-term public investment capital, meeting the city's investment needs for the 2026-2030 period.

The Party Committee of the City People's Council directs the committees of the City People's Council to review and ensure compliance with the principles, criteria, and legal regulations on the State budget and public investment. Particular attention should be paid to the consistency between the medium-term financial plan and the medium-term public investment plan for each period. At the same time, strengthen the supervision of the implementation of the 2024 public investment plan and the city's medium-term public investment plan, ensuring improved efficiency in the management and use of public investment capital in the city.

The City Party Committee requests the Party Committee of the City People's Committee, the Party Group of the City People's Council, the district and town Party Committees, and relevant agencies and units to uphold a high sense of responsibility and proactively organize the implementation to ensure the comprehensive completion of the 2024 Public Investment Plan, as a basis for completing the city's 5-year Public Investment Plan 2021-2025.