On the morning of June 22, with the majority of delegates in favor (96.36% of the total number of National Assembly delegates), the National Assembly passed a Resolution on capital allocation for the Socio-Economic Recovery and Development Program; allocation and adjustment of the medium-term public investment plan of the central budget for the 2021-2025 period and allocation of the central budget investment plan in 2023 of national target programs.

More than 13,000 billion VND allocated to 45 projects of the economic recovery and development program

  Specifically, the Resolution decided to allocate 13,369.468 billion VND of the remaining capital of the Socio-Economic Recovery and Development Program to ministries, central agencies and localities to implement projects with sufficient investment procedures, reported to the National Assembly at the 5th Session of the 15th National Assembly (According to the Government's report to the National Assembly, the number of projects with sufficient procedures is 45 projects).

At the same time, the Prime Minister is assigned to direct the review and assignment of capital plans for projects in accordance with the provisions of Resolution No. 43/2022/QH15 and the Law on Public Investment.

With the majority of delegates in favor, the National Assembly passed the Resolution on capital allocation for the Socio-Economic Recovery and Development Program.

Previously, during the discussion, some opinions of National Assembly deputies suggested strictly implementing the National Assembly's resolution to maintain strict discipline and national financial order, and strongly canceling the allocation of this capital source in accordance with the spirit of Resolution No. 69.

On behalf of the National Assembly Standing Committee, reporting to the National Assembly on this issue, Chairman of the National Assembly's Finance and Budget Committee Le Quang Manh stated: The amount of capital for the Socio-Economic Recovery and Development Program that has not been assigned in detail is quite large and the tasks and projects stem from practical needs, have completed investment procedures according to regulations, and are eligible for capital plan assignment; if detailed capital plans are not allocated and assigned to these projects, it will affect the socio-economic development tasks.

Therefore, the National Assembly considers allowing continued allocation for ministries, central and local agencies to implement tasks and projects that have completed investment procedures, promoting the effectiveness of capital sources in accordance with practical requirements, contributing to the good implementation of the socio-economic development plan.  

Allocating more than 444 billion VND to the Ministry of Education and Training

In addition, the resolution also resolved to allocate the remaining 444,407 billion VND of the medium-term public investment plan from the central budget for the 2021-2025 period of the National Target Program on Socio-Economic Development for Ethnic Minority and Mountainous Areas to the Ministry of Education and Training.

Allocate 25,995,167 billion VND of the remaining capital of the medium-term public investment plan using central budget capital for the period 2021-2025 to ministries, central agencies and localities. Assign the Prime Minister to direct the review and assignment of capital plans for tasks and projects with sufficient investment procedures, reported to the National Assembly at the 5th Session of the 15th National Assembly.

The Resolution also adjusts down 24,594.3 billion VND of the medium-term public investment plan of the central budget for the period 2021-2025 allocated to the Ministry of Transport to adjust up accordingly the medium-term public investment plan of the central budget for the period 2021-2025 for the following localities: Khanh Hoa 1,845 billion VND; Dak Lak 1,641 billion VND; Dong Nai 1,436 billion VND; Ba Ria - Vung Tau 1,976 billion VND; Tien Giang 872 billion VND; Can Tho 3,250 billion VND; Hau Giang 3,466 billion VND; Soc Trang 3,769.5 billion VND; An Giang 4,928 billion VND; Dong Thap 1,410.8 billion VND.

The National Assembly also resolved to allocate 1,208.188 billion VND of the central budget capital in 2023 for national target programs to ministries, central agencies and localities. Of which, the national target program for socio-economic development in ethnic minority and mountainous areas is 183.188 billion VND; the national target program for new rural construction is 1,025 billion VND to implement the investment program for developing the grassroots health network in disadvantaged areas.

The National Assembly requested the Government to direct the review and promptly issue full guidance documents to implement the 3 National Target Programs to ensure proper objectives and effectiveness.

GRASSLAND