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| Illustration photo. Source: MPI |
General principles of capital allocation
According to the Resolution, the allocation of public investment capital from the State budget for the 2026-2030 period must comply with the provisions of the Law on Public Investment, the Law on State Budget and relevant legal documents.
The general principle is to ensure centralized management, unified in goals, mechanisms and policies; promote the role of public investment leading private investment to attract and mobilize all social resources for development investment; strengthen decentralization, decentralization, review and minimize administrative procedures in investment management according to the provisions of law, create initiative for ministries, central agencies and local authorities at all levels, eliminate bureaucratic subsidies, and eliminate the "ask-give" mechanism.
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, resolutions and conclusions of the Party Central Committee, the Politburo , the 5-year Socio-Economic Development Plan 2026-2030 of the country, sectors, fields, localities, the national 5-year financial plan, the 5-year public debt borrowing and repayment plan for the period 2026-2030, and plans decided or approved by competent authorities, ensuring the goal of rapid, sustainable and harmonious development between the economy and society.
Allocate capital in a concentrated manner, not in a dispersed or spread-out manner; ensure effective use of capital. Improve the quality of investment preparation. Only allocate capital for programs, tasks, and projects that meet the conditions prescribed by the Law on Public Investment and related legal documents. The time for allocating capital for project implementation must comply with the provisions of Article 57 of the Law on Public Investment 2024.
Focus on prioritizing capital allocation to implement, accelerate progress, complete early, and promote the effectiveness of projects under national target programs, important national projects, expressway projects, high-speed railway projects, urban railway projects, connectivity projects, projects with inter-regional impacts, projects that are meaningful in promoting rapid and sustainable socio -economic development; programs and projects on science and technology development, innovation, digital transformation, nuclear energy, atomic energy, semiconductor microchips; programs, tasks, and projects on national defense, security, justice, education, training of high-quality human resources, protection and care for people's health, environmental protection, adaptation to climate change, prevention, control, and overcoming consequences of natural disasters, riverbank and coastal landslides, drought, saltwater intrusion, rising sea levels, ensuring energy security, water security, food security, and green transformation.
Prioritize capital allocation for mountainous, border, island, ethnic minority, disadvantaged, especially disadvantaged, and areas frequently affected by natural disasters, contributing to narrowing the gap in development level, income and living standards of people between regions in the country.
Capital allocation priority
The order of priority for allocating public investment capital from the State budget for the period 2026-2030 is as follows: 1- Urgent public investment projects; 2- National target programs, important national projects; 3- Refund of advanced capital; 4- Projects completed and handed over for use but not yet fully allocated capital; 5- Programs and projects using ODA capital, foreign preferential loans, including counterpart funds; 6- State investment participating in the implementation of PPP projects in accordance with the law on investment under the public-private partnership method; compensation, early termination of PPP project contracts decided by competent authorities, payment of reduced revenue of PPP projects under the responsibility of the State, payment according to BT project contracts in cash; 7- Transitional projects completed within the planning period; 8- Transitional projects implemented according to the approved schedule; 9- Planning tasks, investment preparation tasks (capital allocated for investment preparation tasks for projects expected to start construction in the period 2026-2030, capital allocated for investment preparation tasks for projects expected to start construction in the period 2031-2035); 10- Payment of outstanding debts for basic construction arising before January 1, 2015 (if any); 11- Subsidizing preferential credit interest rates, management fees; providing charter capital for policy banks, non-budget State financial funds; supporting investment for other subjects according to the Government's decision or the Prime Minister 's decision; 12- Arranging local budget capital to implement preferential credit policies through the Social Policy Bank according to the resolution of the Provincial People's Council; 13- Newly started projects meeting the requirements prescribed by the Law on Public Investment.
The Resolution clearly states that the allocation of public investment capital from the state budget must ensure publicity, transparency and fairness in the allocation of public investment planning capital, contributing to promoting administrative reform and strengthening the work of preventing and combating corruption, practicing thrift and combating waste./.
Source: https://www.mpi.gov.vn/portal/Pages/2025-2-21/Nguyen-tac-tieu-chi-va-dinh-muc-phan-bo-von-dau-tu6tzx18.aspx
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