PM asks for prompt design of middle-term public investment plan
Prime Minister Nguyen Xuan Phuc has asked ministries, ministry-level and central agencies as well as centrally-run localities to make middle-term plans for public investment in 2021-2025.
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc hasasked ministries, ministry-level and central agencies as well as centrally-runlocalities to make middle-term plans for public investment in 2021-2025.
In a directive issued on July 29, the PM said the objectiveof the plan is to attract and optimise resources for economic development andinfrastructure expansion, thus completing goals set for 2021-2030 as well asthe socio-economic development plan for the 2021-2025 period.
Public investment should focus on speeding up nationaltarget programmes and major projects significant to socio-economic developmentof the whole country, as well as supporting ethnic minority group andmountainous regions, and disaster-prone and poor areas, asked the PM.
He stressed that public investment should not be poured intoprojects in which other economic sectors can invest.
Ministries, sectors and localities should mobilise moreresources from other economic sectors, especially the private sector throughpublic-private partnerships.
Under the directive, the designing of public investment planfor 2021-2025 should be suitable to the financial plan for the period. Thecapital will not be spent in programmes and projects in areas that are notcovered by public investment.
Ministries, sectors and localities were requested to defineprioritised areas for investment, while focusing on paying pre-paid capitalfrom the State budget as scheduled.
According to the directive, agencies should prepare capital forthe investment plan in 2020 and the 2021-2025 period, and to pay debts forcapital construction arisen before January 1, 2015.-VNA
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Illustrative image (Source: VNA) 
