>>> Cabinet members discuss medium-term public investment
In the document, the PM requested the concerned ministries, central agencies and localities receive appraisals from the Ministry of Planning and Investment to review all projects expected to be subjected as part of medium-term public investment in the 2021-2025 period, with the aim of resolutely cutting off projects that are not really necessary or inefficient, while reducing the number of new projects.
The total number of public investment projects from the central budget in that period is set at about 5,000.
The National Committee for Ethnic Minority Affairs, the Ministry of Labour, Invalids and Social Affairs, and the Ministry of Agriculture and Rural Development are tasked with the preparation of the necessary conditions for implementation immediately after the National Assembly approves the investment figures for the national target programmes.
Localities should focus on carefully reviewing and reducing the number of projects using local budget funds, ensuring that they are not spread out too much and also further promote their effectiveness.
The Ministry of Planning and Investment shall coordinate with the relevant ministries, central and local agencies in reviewing and completing the allocation plan for the medium-term public investment plan during 2021-2025, while making reports to the PM, the Government, the Politburo, the Party Central Committee, the National Assembly and its related agencies on the issue.
The Ministry of Finance is urged to coordinate with the Ministry of Planning and Investment in agreeing on the amount and structure of medium-term public investment capital from the State budget.
In the directive, the PM also assigned the Ministry of Planning and Investment to assume prime responsibility for and coordinate in reviewing and completing legal regulations, promoting decentralisation, boosting creativity, and strengthening the level of inspection and supervision of the work.
The PM also suggested further research, developing the criteria, principles, norms of capital support, subjects and types of programmes and projects managed by the local authorities, supported by the central budget, as a basis for implementation.
