PHỤ LỤC SỐ I: Nghị quyết 29/2021/QH15 KẾ HOẠCH VỐN ĐẦU TƯ TRUNG HẠN NGUỒN NGÂN SÁCH NHÀ NƯỚC GIAI ĐOẠN 2021-2025 (Kèm theo Nghị quyết số 29/2021/QH15 ngày 28 tháng 7 năm 2021 của Quốc hội)

RESOLUTION

ON MEDIUM-TERM PUBLIC INVESTMENT PLAN FOR 2021 - 2025

THE NATIONAL ASSEMBLY

Pursuant to the Constitution of the Socialist Republic of Vietnam;

Pursuant to the Law on Public Investment No. 39/2019/QH14, amended by the Law No. 64/2020/QH14;

Pursuant to the Law on State Budget No. 83/2015/QH13, amended by the Law No. 59/2020/QH14;

After considering Report No. 244/TTr-CP, Report No. 243/BC-CP dated July 16, 2021 of the Government, Verification Report No. 7/BC-UBCNS15 of July 21, 2021 of the Committee of Finance, Budget, Report on explanation No. 28/BC-UBTVQH15 dated July 28, 2021 of the National Assembly Standing Committee and opinions of National Assembly deputies;

HEREBY RESOLVES:

Article 1. Objectives and orientations of the medium-term public investment plan for the period 2021 - 2025

1. General objective:

Continue to restructure public investment and improve the efficiency of public investment capital, reduce the proportion of public investment capital in total social investment capital, promote the leading role of public investment, increase attraction of investment capital from non-state economic sectors; create clear changes in strategic breakthroughs in infrastructure development, promote growth and ensure social security; make an important contribution to realize the objectives of the 5-year socio-economic development plan 2021-2025.

2. Specific objectives:

a) The average total social investment capital in the five years from 2021 to 2025 is about 32-34% of GDP, the average proportion of public investment capital in five years is about 16-17% of the total investment capital of the whole society;

b) The proportion of expenditure on development investment from the state budget is about 28%, striving for about 29% of the total state budget expenditure, enhancing the leading role of the central budget in public investment;

c) The average disbursement rate of public investment capital in the 2021 - 2025 period is expected to reach over 90% of the plan assigned by the National Assembly; the number of projects completed in the period is expected to reach over 80% of the total capital-funded projects.

3. Orientation:

a) Make focused, synchronous, modern investment, ensure the works to be soon completed and put into use, and promote practical efficiency.  Focus on investing in national target programs, important national projects, key projects with substantial impact on others, meaningful in promoting socio-economic development, improving competitiveness, etc. competition of the economy, creating a breakthrough to attract investment capital in the form of public-private partnership.  Limit scattered, diversified and prolonged investments; minimize the number of new construction projects;

b) Public investment must closely follow and serve the effective implementation of development objectives and orientations of the 10-year socio-economic development strategy for 2021-2030, and the socio-economic development plan for 5 years from 2021 to 2025 of the country, branch, field, locality; national, regional, branch and provincial planning approved by competent authorities; use the public investment to lead and activate the mobilization of non-state investment resources, promote public-private cooperation in strategic infrastructure development;

c) Ensure a reasonable and effective investment structure among regions, regions and fields, in which priority is given to investment capital from the state budget for dynamic regions, mountainous, border and island areas, ethnic minority areas, areas heavily affected by epidemics, natural disasters, storms and floods, and areas with extremely difficult socio-economic conditions; strengthen the capacity of infrastructure systems to respond to climate change.

Complete the site clearance of the project of Long Thanh International Airport; meet the progress requirements to basically complete the North-South expressway in the East (phase 1); urgently prepare for investment, soon start construction and basically complete ring road projects 3 and 4 of the dynamic areas of Hanoi and Ho Chi Minh City, connecting the Mekong Delta, the route connecting the West Highlands with South Central Coast, Northern mountainous area, coastal road, East-West economic corridor, North-South expressway project on Eastern route in the period of 2021 - 2025; report to the National Assembly for consideration and decision on investment policy in projects of national importance in accordance with the law on public investment.

Article 2. Total capital of the medium-term investment plan from the state budget for the period 2021 - 2025

1. The total capital of the medium-term investment from the state budget in the 2021-2025 period is VND 2,870,000 billion, including:

a) Central budget capital is 1,500,000 billion dong, including:  domestic capital is 1,200,000 billion dong, foreign capital is 300,000 billion dong;

b) The local budget balance capital is 1,370,000 billion dong.

(Appendix I attached to this Resolution)

2. Reserve 10% of the central budget's medium-term investment plan for each capital source to handle problems arising during the implementation of the medium-term investment plan.

3. The reserves for the local budget’s medium-term investment plan in the 2021 - 2025 period shall be decided by the People's Councils at all levels according to the competence specified in Clause 6, Article 51 of the Law on Public Investment.

4. Allocation of medium-term investment capital from the state budget:

a) Amount of capital to be allocated to ministries, central and localities as follows:

(i) Central budget capital is VND 1,090,014.445 billion;

(ii) Local budget capital is 1,233 trillion dong.

For the remaining local budget capital of VND 137,000 billion that has not been allocated in detail, the Government shall urgently complete the allocation plan and submit it to the National Assembly Standing Committee for consideration and comments before assigning the medium-term investment plan.

(Appendix II attached to this Resolution)

b) Allocate the central budget capital sources in details by sector, field to each ministry and central agency and dedicated additional capital from the central budget for each locality.

(Appendix III attached to this Resolution)

Article 3. National target programs and National important projects

1. Allocate VND 100,000 billion of the medium-term investment plan capital from the state budget in the 2021 - 2025 period to implement 03 National target programs, of which:

a) The national target program for socio-economic development in ethnic minority and mountainous areas is VND 50,000 billion;

b) The national target program on building new rural areas is VND 30,000 billion;

c) The national target program for sustainable poverty reduction is VND 20,000 billion.

2. Allocate VND 65,795,847 billion of medium-term investment plan capital from the state budget for the period 2021 - 2025 to continue implementing 03 projects of national importance whose investment policies have been decided by the National Assembly:  Project on land acquisition, compensation, support and resettlement at Long Thanh International Airport, Project on construction of a number of expressways on the East North-South route (phase 1) and Project on Ka Pet Reservoir, Ham Thuan Nam district, Binh Thuan province.

3. Allocate about VND 38,738 billion of capital in the medium-term investment plan from the state budget in the period of 2021 - 2025 to invest in the project of national importance of the North - South expressway on the East route in the period of 2021 - 2025.

4. With a capital of about VND 78,719 billion to invest in expressway projects and other key projects:  The Government is assigned to urgently direct the completion of investment procedures and submit them to the National Assembly for consideration and decision on the investment policy for projects of national importance and the amount of capital allocated for each project in accordance with the provisions of the Law on Public Investment, without subdividing projects.

(Appendix IV attached to this Resolution)

Article 4. Principles for allocation of the medium-term investment capital plan from the state budget for the period 2021 - 2025

1. The allocation of capital plans must comply with the Constitution, the Law on Public Investment, the Law on State Budget, Resolution No. 973/2020/UBTVQH14 dated July 8, 2020 of the National Assembly Standing Committee on regulations on principles, criteria and quotas for allocation of public investment capital from the state budget for the period 2021 - 2025 and other relevant legal documents.

2. Suitability to the ability to balance public investment capital sources and to the financial capacity; assurance of the macro balance, maintenance the safety of public debt.

3. Compliance with the order of priority in allocating capital as prescribed by law, ensuring openness to the public and transparency in the allocation of public investment capital, contributing to promoting administrative reform and thrift practice and anti-waste.

4. Localities that are allocated central budget capital for the 2021 - 2025 period must commit to allocate the shortfall of capital from the local budget and other lawful capital sources to complete the project on schedule.  In case of increasing the total investment of the project compared to the total investment amount assigned by the competent authority for the medium-term investment plan, the locality must balance its own capital to complete the project on schedule with quality assurance.

5. With regard to foreign capital, it is necessary to calculate and balance between the borrowing needs and the debt repayment capacity of projects that have been executed and new projects.

6. Ensure openness to the public, transparency and objectivity; resolutely abolish the "ask - give" mechanism, fight against misconduct, corruption, and group interests.

Article 5. Order of priority in capital allocation of the medium-term investment capital plan from the state budget for the period 2021 - 2025

1. Allocate enough capital to pay the outstanding debt for capital construction according to Clause 4, Article 101 of the Law on Public Investment.

2. Allocate enough capital to repay the capital that is advanced but not enough for repayment.

3. Allocate capital to projects that have been completed, handed over and put into use but have not yet been allocated sufficient capital, projects funded by ODA and concessional loans from foreign grant funding bodies (including counterpart funds) ); investment capital of the State participating in the project execution in the form of public-private partnership; transitional projects shall be executed according to the approved schedule; the project is expected to be completed within the planning period.

4. Allocate capital to perform planning tasks.

5. Allocate capital for investment preparation for formulation, appraisal and decision on investment policies and formulation, appraisal and decision on investment in programs and projects.

6. Allocate capital to newly commenced projects that meet the requirements specified in Clause 5, Article 51 of the Law on Public Investment.

Article 6. Solutions for implementing the medium-term public investment plan for the 2021-2025 period

1. Strengthen the implementation of the Law on Public Investment, accelerate investment preparation, resolutely cut unnecessary procedures, assign estimates, and disburse public investment capital in association with the accountability of organizations and individuals, especially the leaders.

2. Review and improve mechanisms, policies and regulations of the law on public investment and relevant laws to promptly remove difficulties and obstacles and improve the efficiency of public investment.  Assign the Government to research and develop a pilot project on separating land clearance and relocation from the investment projects, and report it to the National Assembly Standing Committee for submission to the National Assembly for consideration and decision.

3. Strengthen leadership, direction, promote decentralization, delegation of authority, assignment of duties, individualization of responsibilities along with coordination, supervision, inspection, evaluation of the performance and commendation, reward and discipline in a timely and strict manner.  Resolutely reduce the number of new investment projects to focus on completing unfinished projects and works in progress that have been approved; strictly control the number of projects and the time for allocating capital to complete the projects in accordance with the Law on Public Investment, ensuring the objectives, efficiency and continuity of public investment.

4. Focus on reviewing and resolutely eliminating inefficient projects, projects that are not absolutely necessary and urgent, prioritizing capital for key and urgent projects, creating motivation for rapid and sustainable development.  Improve the quality of project preparation and execution, limit adjustments in the execution process, and ensure efficiency; strictly control the scope, scale and total investment of each investment project in accordance with the objectives, fields and provisions of law.  Resolutely tighten discipline, strengthen inspection, audit, supervision, post-inspection, strictly sanction violations; strictly control objectives, effectively use investment capital to ensure fairness, openness to the public, transparency, anti-corruption, interest group.

5. Practice thrift, prevent loss and waste in public investment; strengthen the restructuring of state budget expenditure in order to speed up the progress and efficiency of implementing the policy of private sector involvement for public sector entities, rearranging and streamlining the state apparatus, and reducing regular costs, increasing the proportion of development investment spending.

6. Strictly manage the use of the reserve capital of 10% of the medium-term public investment plan funded by the central budget.  The unallocated reserve capital shall only be used when the capital source is balanced and allocated for really necessary and urgent items in accordance with the Law on Public Investment and the Law on State Budget.

Article 7. Assignment to the Government

1. Expeditiously complete dossiers and submit them to the National Assembly for consideration and decision on investment policies for projects of national importance in accordance with law.

2. For projects expected to be invested in the medium-term public investment plan for the 2021-2025 period from the central budget, the Government shall assign the medium-term public investment plan for the 2021-2025 period to projects that have fully met the requirements specified in Article 52 of the Law on Public Investment by the time the National Assembly approves the medium-term public investment plan for the period 2021 - 2025.

For projects that have not yet met the prescribed investment procedures and unallocated capital, the Government shall urgently complete investment procedures and report to the National Assembly Standing Committee for opinions before assigning the medium-term public investment plan in the period 2021 - 2025 to each project in accordance with the law.

For coastal road projects, the Government shall carefully review and calculate the allocation of investment capital, takes appropriate solutions to ensure feasibility and investment efficiency, avoiding diversified and unfinished investment.

3. Organize the implementation and direct ministries, central agencies and localities to synchronously and drastically implement solutions to implement the medium-term public investment plan for the 2021-2025 period, inspect and strictly sanction violations.

4. Direct ministries, central and localities to review and take responsibility for data and ensure adequate allocation of capital to pay all outstanding debts for capital construction and return advance capital as prescribed.

5. Allow the extension of capital plans in 2017 and 2018 to the period of 2021 - 2025 of 12 projects with a total capital of VND 4,118,884 billion.  The time for implementation and disbursement is until the end of December 31, 2022. If the disbursement has not been fully done upon expiry of the above time limit, then cancel the plan and estimate according to regulations.

(Appendix V attached to this Resolution)

6. With regard to local budget balance capital, localities are assigned annual public investment plans with capital sources in the local budget balance on the basis of actual revenue collection capacity, ensuring that there is no increase in overspending levels of the annual local budget.

Article 8. Implementation

1. The Government, ministries, central agencies and localities shall, according to their functions and tasks, implement this Resolution.

2. National Assembly Standing Committee, Committee of Finance and Budget, the Nationality Council, other Committees of the National Assembly, National Assembly delegations, National Assembly deputies, Vietnam Fatherland Front and other member organizations, the State Audit shall, within the ambit of their tasks and powers, supervise and audit the implementation of this Resolution.

This Resolution is passed by the 15th National Assembly of the Socialist Republic of Vietnam, at its first session, on July 28, 2021.

APPENDIX NO. I

MEDIUM-TERM INVESTMENT CAPITAL PLAN FROM STATE BUDGET FOR THE PERIOD OF 2021-2025
(Issued together with Resolution No. 29/2021/QH15 dated July 28, 2021 of the National Assembly)

Unit: VND billion

APPENDIX NO. II

MEDIUM-TERM INVESTMENT CAPITAL PLAN FROM STATE BUDGET FOR THE PERIOD OF 2021-2025 OF MINISTRIES, CENTRAL AGENCIES, LOCALITIES
(Issued together with Resolution No. 29/2021/QH15 dated July 28, 2021 of the National Assembly)

Unit: VND billion

APPENDIX NO. III

ALLOCATION OF MEDIUM-TERM INVESTMENT CAPITAL PLAN FROM CENTRAL STATE BUDGET FOR THE PERIOD OF 2021-2025 OF MINISTRIES, CENTRAL AGENCIES, LOCALITIES BY FIELDS AND SECTORS
(Issued together with Resolution No. 29/2021/QH15 dated July 28, 2021 of the National Assembly)

Unit: VND billion