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Directive on medium-term public investment plan for a period of 2021 - 2025 

 Wednesday, July 31,2019

AsemconnectVietnam - The number of projects with debts in basic construction has allocated capital in the medium-term public investment plan for the period of 2016-2020, the situation of capital allocation in 2016 - 2019 to pay for outstanding debts of basic construction, the remaining capital must be arranged to pay outstanding debts for basic construction in 2020.

Directive on medium-term public investment plan for a period of 2021 - 2025
Pursuant to Law on public investment and the State budget law; The Prime Minister requests ministries, ministerial-level agencies, agencies attached to the Government, other central agencies and People's Committees of provinces and centrally-run cities (hereinafter referred to as ministries, sector, locality) deploy medium-term public investment plan for a period of2021 - 2025 according to the following regulations:
I. Evaluation of implementation of medium-term public investment plans for a period of 2016-2020
Pursuant to the Central’s resolutions, development objectives and orientations in the 10-year socio-economic development strategy for the 2011-2020 period; Resolution No. 07-NQ/TW of November 18, 2016 of the Politburo on restructuring the State budget, managing public debt to ensure a safe and sustainable national finance (Resolution No. 07-NQ/TW); Resolutions of the National Assembly: Resolution No. 142/2016/QH13 on socio-economic development plan of 5 years period of 2016 - 2020, Resolution No. 25/2016/QH14 on financial plan of 5 years period of 2016-2020, Resolution No. 26/2016/QH14 on medium-term public investment plan for the period of 2016-2020, Resolution No. 71/2018/QH14 on adjusting mid-term public investment plans for the period of 2016-2020; Decision No.63/QD-TTg dated January 12, 2018 approving the Scheme on restructuring public investment in the period of 2017-2020 and orientation to 2025 (Decision No.63/QD-TTg);
Resolutions of the Government; Resolution of People's Councils at all levels on socio-economic development plans, financial plans for 5 years in the 2016-2020 period, medium-term public investment plans for the 2016-2020 period, regional and territorial socio-economic development plans, sector development plan on basis of situation and results of implementation of public investment plans in a period of 2016 - 2018, estimated to be implemented in 2019 and planned for 2020, ministries, sectors and localities assess implementation of the medium-term public investment plan for the 2016-2020 period of ministries, branches and localities, managing each specific capital source; including: investment plan for the State budget (central budget capital including Government bond capital and local budget balance capital); capital from the State budget which left for investment but not yet included in the State budget balance; credit capital for development investment of the State; capital of local government bonds, other loans of local budgets; official development assistance (ODA) and concessional loans from foreign donors. In the report of evaluating implementation of public investment plans, it is necessary to focus on the following contents:
1. Implementation of plans according to branches, sectors, programs and projects according to each capital source compared with the approved plans, including: situation of allocation and adjustment of annual capital investment plans for projects assigned by the Prime Minister to the medium-term public investment plan for the period of 2016-2020, the previous year's capital plan will be transferred (if any), and adjusting mid-term public investment plan for the period of 2016 - 2020 (if any), disbursement results, including: capital under the annual plan, the previous year's capital will be extended to the next year; the number of projects adjusting the total investment compared to initial investment decision; the number of projects carried out slowly compared to the approved investment decisions and investment plans; situation of making, appraising, approving investment decisions, investment decisions on public investment projects and adjusting public investment projects (if any) in accordance with law on public investment and direction and management documents of the Government and the Prime Minister. Implementation situation of investment projects from the sale of assets on land and the transfer of land use rights. Ministries of Health, National Defense and Ho Chi Minh City People's Committee report on situation of investment implementation, construction of 05 central and final hospitals from funding of the Enterprise arrangement and development assistance fund (detailing total capital disbursed from the fund, the disbursed capital, the amount of capital disbursed but not yet paid, the unpaid capital amount), the capital amount allocated from the budget's development investment estimate of the Central budget for 2017 - 2019 (including the amount of completed capital) and implementation.
For investment capital in local budget balances, localities shall clearly report the local budget balances allocated annually compared to the medium-term capital amount for the 2016-2020 period, assigned by the Prime Minister, implementation situation of public investment plans with local budgets, local budgets source as prescribed in Resolution No. 71/2018/QH14, annual budget overspending each year and an average of 05 years of 2016 - 2020; investment situation of this source of overspending; use of increasing annual local budget revenue for investment.
2. The number of projects with debts in basic construction has allocated capital in the medium-term public investment plan for the period of 2016-2020, the situation of capital allocation in 2016 - 2019 to pay for outstanding debts of basic construction, the remaining capital must be arranged to pay outstanding debts for basic construction in 2020.
3. Prepaid capital was arranged to be recovered in the medium-term public investment plan for the period of 2016-2020, situation of capital allocation in a period of 2016 - 2019 to recover advance capital, expected to arrange the remaining capital to withdraw in the 2020 plan. Amount of prepaid capital to the end of 2015 plan has been summed up in the medium-term public investment plan for the 2016-2020 period but there has not been sufficient source of annual plan to recover and the amount of prepaid capital has not been consolidated in the medium-term public investment plan (if any), proposed remedial measures.
4. Number of projects completed, handed over and put into use in the period of 2016-2020, number of new projects started in the period of 2016-2020, but has not been allocated annually, number of projects transferred to the period 2021 - 2025, details of Group A, Group B, Group C projects.
5. Management, administration and compliance with the law on public investment in the period of 2016-2020.
6. Achievements of public investment, such as: capacity to increase, improve quality of public services... and impacts on implementation of socio-economic development plan objectives 2016-2020 period of the whole country and of ministries, branches and localities; management and use of investment projects in 2016-2020 period have been completed and handed over and put into use.
7. Difficulties, problems and shortcomings, limitations in implementation; objective and subjective causes, learned lessons; responsibilities of all levels, branches, organizations and individuals.
8. Solutions and recommendations on policies and mechanisms should be implemented in the remaining 2 years of the medium-term public investment plan for the 2016-2020 periods.
9. The assigned agencies are the program owners, ministries, branches and localities shall implement national target program and target program to organize evaluation of program implementation according to the following contents:
a) Situation of implementation of national target programs, target programs in the period of 2016-2020.
b) Allocation situation of capital for implementation of national target programs, target programs in the period of 2016-2020, integration of programs, mobilization of resources and integration of capital sources implementing the program in 2016 - 2019 and expected in 2020, the disbursement situation of the program.
c) Management and administration and observance of regulations in management of national target programs and target programs for the 2016-2020 period.
d) Achievements, out of which clarifying the results of achieving the approved objectives in the investment decisions of national target program and target program; difficulties and problems and shortcomings and limitations in implementation, clarifying objective, subjective, learned lessons and responsibilities of all levels and sectors.
e) Solutions and policies need to be implemented to the end of 2016-2020 period to effectively implement objectives of the program.
II. Planning medium-term public investment in a period of 2021 - 2025
Planning medium-term public investment in the period of 2021 - 2025 complies with the provisions of the Law on public investment, the State budget law, closely following the plan to submit to the Party Congress at all levels on objectives, orientations, tasks of socio-economic development in 10 years of 2021 - 2030, 05-year socio-economic development plan in a period of 2021 - 2025 (including main objectives, orientations and tasks on finance and budget, investment); Resolution No. 07-NQ/TW of the Politburo; Decision No. 63/QD-TTg of the Prime Minister; situation and results of implementation of public investment plan in the period of 2016 - 2020.
1. Objectives and orientations for public investment in the period of 2021 – 2025
Objective of public investment in a period of 2021 - 2025: Attracting and effectively using investment capital sources to develop the economy, investing in economic and social infrastructure systems, serving for implementation of objectives and targets of the 10-year socio-economic development strategy of 2021 - 2030 and the 5-year socio-economic development plan of 2021 - 2025. Out of which, allocating capital to complete and accelerate implementation of national target programs, national important projects, key projects with great significance for socio-economic development of the whole country, taking into account regional connecting and spreading. Continuing to prioritize investment capital from the State budget for mountainous areas, ethnic minority areas, areas frequently hit by natural disasters, floods and other difficult areas. Do not allocate investment capital of the State budget to develop fields and projects that other economic sectors can invest. Thoroughly grasp the principle of prioritizing allocation and use of the State budget capital as capital to maximize exploitation of capital sources of other economic sectors. Create a breakthrough to attract domestic and foreign private sector capital by the method of public-private partnerships to concentrate investment in developing an important socio-economic infrastructure system, especially for projects which have a wide spread and impact on economic development; social infrastructure projects serving community in health and education sectors...
2. Principles for planning medium-term public investment for the 2021-2025 period
a) Mid-term public investment plan to implement development objectives and orientations in the 10-year socio-economic development strategy of a period of 2021 - 2030, 5-year socio-economic development plan of a period of 2021 - 2025 of the country, sectors, localities and socio-economic development plans and approved plans of branches and sectors.
b) Being in line with the national 5-year financial plan in the period of 2021-2025, ability to balance public investment capital sources and attract investment capital sources of other economic sectors; ensure macro balances, prioritize public debt safety.
c) Allocation of public investment capital must comply with the principles, criteria and norms of public investment allocation in the period 2021-2025 decided by the competent authorities.
d) On basis of assessing implementation of tasks of socio-economic development, medium-term public investment plans for the 2016-2020 period of ministries, branches and localities to determine key tasks, important implementation in the period of 2021 - 2025 in accordance with the objectives of allocating public investment capital in the period of 2021 - 2025; actively arrange order of priority spending tasks, programs and projects approved by competent authorities according to the urgency, importance and implementation capability in the period of 2021 - 2025; focus on allocating public investment capital to complete and accelerate implementation of important national programs and projects, key programs and projects with great significance for socio-economic development of the land countries, levels and sectors; repay the State budget capital in advance of the plan; loans from local budgets.
d) Not allocating capital for programs and projects which are not in public investment field.
e) Arranging sufficient capital for investment preparation from the 2020 plan and public investment plan for the 2021-2025 period to organize formulation, appraisal and decision of investment policies; prepare, appraise, decide investment in new investment projects in the period of 2021-2025, capital for formulation, appraisal, decision or approval, announcement and adjustment of planning in accordance with provisions of the law on planning.
g) Arranging capital for public investment plan in the period of 2021 - 2025 to pay full amount of outstanding construction debts arising before January 1, 2015.
h) Ensure publicity, transparency and fairness in medium-term public investment plan.
i) Ensuring centralized and unified management of objectives, mechanisms and policies; implementing decentralization in investment management in accordance with law, creating autonomy for all levels and sectors and improving investment efficiency.
3. Review list of public investment projects for period of 2016 - 2020 to transition to period of 2021 – 2025
Ministries, branches and localities organize review of projects that have been assigned to medium-term public investment plans for the 2016-2020 period and make lists of projects under each capital source; divided into groups of projects: (i) list of projects expected to be completed in the period of 2016-2020 but has not allocated enough capital; (ii) list of transition projects, completed after 2020; (iii) list of projects that have been assigned medium-term investment plans for the 2016-2020 period but have not yet been allocated annual public investment plans; (iv) list of projects using foreign capital signed in the agreement but not yet included in the list of medium-term public investment plans for the period of 2016-2020.
4. Review construction debt capital and prepaid capital
Ministries, branches and localities synthesize and review basic construction debt capital arising before January 1, 2015 but have not been incorporated into medium-term public investment plan for 2016-2020 period (if any), amount of prepaid capital up to the end of the 2015 plan must be recovered in the period of 2021 - 2025; prepaid capital generated in the period of 2016 - 2020 but has not arranged capital plan to recover (if any).
5. Catalog and allocate capital for public investment plans for the period 2021 - 2025 for public investment projects
On basis of the bases and principles, objectives and orientations of public investment in the period 2021-2025 stipulated in points 1 and 2 of Section II, ministries, branches and localities select lists and arrange medium-term investment plans of each capital source in each branch, sector and program in the following order of priority:
a) Project has been completed and handed over and put into use but has not been allocated enough capital;
b) Reciprocal capital for projects using ODA and concessional loans from foreign donors;
c) Investment capital of the State participating in the implementation of projects by public-private partnerships;
d) Transition projects follow the approved schedule;
d) The project is expected to be completed in the planning period;
e) Newly started projects must meet the following conditions:
- Necessary programs and projects, which meet the conditions for allocating planned capital.
- After allocating enough capital to pay outstanding debts for basic construction according to regulations.
- Ensure to arrange sufficient capital to complete the program or project according to the approved investment schedule.
III. Assignment and progress of mid-term public investment plan for the 2021-2025 period
1. Ministry of Planning and Investment shall function as the key implementer and coordinate with the concerned agencies in:
a) before August 15, 2019, guide implementation of this Directive, which provides specific guidance on medium-term public investment planning progress.
b) Before December 31, 2019, to formulate principles, criteria and norms for allocation of investment capital for development of the State budget in the period of 2021-2025 and submit them to competent authorities according to regulations.
c) Before July 31, 2020, review and summarize medium-term public investment plan for the 2021-2025 period, submit to competent authorities as prescribed.
d) Before December 31, 2019, assess implementation of medium-term public investment plans for the 2016-2020 period; synthesizing difficulties and obstacles, learned lessons and proposing solutions to effectively implement medium-term public investment plan for 2016-2020 period in the remaining period, reporting to the Prime Minister.
2. Ministry of Finance:
a) Before January 31, 2020, to assume the prime responsibility for and coordinate with Ministry of Planning and Investment and concerned agencies in reporting to competent authorities to estimate ability to balance the State budget for development investment expenditures in period 2021 - 2025.
b) Coordinate with Ministry of Planning and Investment:
- Determine the State budget investment capital for national development investment according to each branch and domain in the medium-term public investment plan for the 2021-2025 period.
- Review and synthesize medium-term public investment plans for the 2021-2025 period.
3. Ministers, heads of government-attached agencies and other central agencies, presidents of provincial / municipal People's Committees shall base themselves on their functions, tasks and regulations in the directive, urgently organize to implement according to the schedule stipulated in the Law on public investment and guidance of the Ministry of Planning and Investment, to ensure plan of medium-term public investment in the period 2021-2025 with quality, savings, efficiency.

Long Giang
Source: Vitic/ thuvienphapluat.vn
 

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