In 2023, the Ministry of Planning and Investment directs the drafting of public investment programs

DNHN - The Ministry of Planning and Investment has just released Document No. 5035/BKHT-TH, which will be distributed to ministries, ministerial-level agencies, Governmental agencies, and other central agencies, as well as the People's Committees of provinces and centrally administered cities, regarding the formulation of public investment plans for 2023.

Based on the execution of the public investment plan in the first seven months of 2022, according to the document, the ministries, central agencies, and municipalities should arrange an evaluation of the implementation of the public investment plan in 2022. 

The following information: Assignment and adjustment of public investment plan in 2022 (if any) according to each capital source of each project; implementation and disbursement of the public investment plan in the first seven months of the year, the ability to implement it in nine months, and an estimate for the entire year of 2022 according to each capital source; implementation and disbursement of the public investment plan in the first seven months of the year, the ability to implement it in nine months, and an estimate for the entire year of 2022 according to each capital source (if any).

Simultaneously, evaluate the solutions implemented to promote the disbursement of public investment capital in 2022 by Resolutions No. 01/NQ-CP dated January 1, 2022, No. 11/NQ-CP dated January 30, 2022, and No. 63/NQ-CP dated May 3, 2022; the mobilization of capital sources from other economic sectors in service of development investment; and accurately evaluate and highlight the results achieved in the implementation of the public investment plan.

The 2023 public investment plan must comply with the provisions of the Law on Public Investment, the Law on State Budget, the Government Decrees guiding the implementation of the Law on Public Investment and the Law on State Budget, and the Prime Minister's Directive No. 12/CT-TTg dated July 22, 2022.

Based on an evaluation of the results of the implementation of the public investment plan in 2022; national goals and plans for socio-economic development and five-year public investment in the 2021-2025 period of each sector, field, and locality; objectives and tasks of the socio-economic development plan in 2023 by Directive No. 12/CT-TTg of the Prime Minister; goals of the program of socio-economic recovery and development, ministries, central agencies, and municipalities establish objectives, order of priority, and the capacity to execute and disburse capital plans; rigorously conserve, combat waste, and prevent scattered and dispersed investments.

The Ministry of Planning and Investment suggests that ministries, federal agencies, and local governments report on anticipated public investment plans for 2023 based on the following criteria. Orientation for public investment in 2023; estimated demand for public investment plan in 2023 according to each capital source; expected ability to mobilize investment capital sources of other economic sectors for development investment other than public investment capital; advantages, difficulties, and obstacles in balancing and mobilizing investment capital in 2023 to achieve the objectives and tasks of the socio-economic development plan in 2023; proposals, recommendations

Concerning the planning of state budget investment in 2023, the allocation of state budget capital in 2023 shall adhere to the principles and criteria outlined in the Law on Public Investment and Resolution No. 973/2020/UBTVQH14 of the Government dated July 8, 2020. The Standing Committee of the National Assembly and the Prime Minister's Decision No. 26/2020/QD-TTg dated September 14, 2020.

The state budget investment plan for 2023 contains both the plan of tasks and projects assigned by competent authorities under the medium-term public investment plan for the period 2021-2025 and the capital plan of tasks and projects allocated under the State budget investment plan. Program for socioeconomic rehabilitation and development.

The arrangement of investment plans with ODA and concessional loans from foreign sponsors for projects is ensured by the schedule signed with the donor, the capacity to balance reciprocal capital, the progress of project site clearance by the Land Law, the capacity of the program and project investor, and the implementation schedule for the project.

The Ministries, central agencies, and localities propose to allocate all capital for tasks and projects under the Program on socio-economic recovery and development in 2023, ensuring disbursement of the Program's capital in 2022 and 2023 by Resolution No. 43/2022/QH15 dated 11/01/2022 on fiscal and monetary policies to implement the Program on socio-economic recovery and development.

Ministries, central and local agencies shall evaluate the implementation of the 2022 public investment plan and develop the 2023 public investment plan by the aforementioned guidelines by July 31, 2022, and submit it in writing and on the National Public Investment Information System to the Ministry of Planning and Investment and the Ministry of Finance.

The Ministry of Planning and Investment will release the anticipated plan for central budget investment by August 15, 2022, based on anticipated state budget revenues and expenditures and the state budget capital development investment spending plan for 2023. It is anticipated that the federal government would give funds to ministries, central, and local agencies in 2023.

TH