Directive No. 20/CT-TTg on medium-term public investment for the period of 2021 – 2025

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Directive No. 20/CT-TTg dated July 29, 2019 of the Prime Minister on planning medium-term public investment for the period of 2021 – 2025
Issuing body: Prime MinisterEffective date:
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Official number:20/CT-TTgSigner:Nguyen Xuan Phuc
Type:DirectiveExpiry date:Updating
Issuing date:29/07/2019Effect status:
Known

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Fields:Investment

SUMMARY

Shall not allocate state budget for project able to be invested outsource

On July 29, 2019, the Prime Minister issues the Directive No. 20/CT-TTg on planning medium-term public investment for the period of 2021 – 2025.

Accordingly, Investment capital from the state budget shall not be invested the fields and projects in which other economic sectors can invest. Investment capital from the state budget shall be preferentially invested in mountainous areas, ethnic minority areas, areas frequently hit by natural disasters and floods, as well as other difficult areas.

Medium-term public investment shall have to comply with principles: to aim at implementing the development objectives and orientations in socio-economic development strategies and plans; be in line with the 5-year national financial plan; comply with the principles, criteria and norms of public investment allocation; not allocating capital for programs and projects not in the field of public investment…

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Effect status: Known

THE PRIME MINISTER
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THE SOCIALIST REPUBLIC OF VIETNAM

 Independence – Freedom - Happiness
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No. 20/CT-TTg

Hanoi, July 29, 2019

 

 

DIRECTIVE 
On planning medium-term public investment for the period of 2021 – 2025
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Pursuant to the Law on Public Investment and the Law on State Budget; the Prime Minister requests ministries, ministerial-level agencies, Government-attached agencies and other central agencies as well as People's Committees of provinces and municipalities (hereinafter referred to as ministries, agencies and localities) to deploy medium-term public investment planning for the period of 2021 - 2025 according to the following regulations:

I. EVALUATION OF IMPLEMENTATION OF THE MEDIUM-TERM PUBLIC INVESTMENT PLAN FOR THE PERIOD OF 2016-2020

Pursuant to the Central Resolution, development objectives and orientations in the 10-year socio-economic development strategy for the period of 2011-2020; Resolution No.07-NQ/TW dated November 18, 2016 of the Politburo on restructuring the state budget and managing public debts to ensure a safe and sustainable national finance (Resolution No.07-NQ/TW); Resolutions of the National Assembly: No.142/2016/QH13 on the 2016-2020 5-year socio-economic development plan (Resolution No.142/2016/QH13), No.25/2016/QH14 on the 5-year national financial plan for the period of 2016-2020 (Resolution No.25/2016/QH14), No.26/2016/QH14 on the medium-term public investment plan for the period of 2016-2020 (Resolution No.26/2016/QH14), No.71/2018/QH14 on adjusting the medium-term public investment plan 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, with orientations towards 2025 (Decision No.63/QD- TTg); Resolutions of the Government; Resolutions of People's Councils at all levels on 5-year socio-economic development plans and financial plans for the period of 2016-2020, medium-term public investment plans for the period of 2016-2020, regional and territorial socio-economic development planning, sector development planning; based on the results of implementation of public investment plans in the years from 2016 to 2018, the ongoing implementation in 2019 and the planning for 2020, ministries, sectors and localities shall assess the implementation of the medium-term public investment plan for the period of 2016-2020 according to each specific capital source, including: State budget capital (central budget capital (including Government bond capital) and local budget-balanced capital); capital from revenue left for investment but not yet included in the state budget balance; State credit capital for development investment; local bond capital and other loans of local budget; official development assistance (ODA) and concessional loans from foreign donors. The implementation evaluation report on the medium-term public investment plan shall focus on analyzing some contents as follows:

1. The implementation of plans of branches, domains, programs and projects for each capital source in reality compared with the approved plans, including: the allocation and adjustment of annual capital investment plans for projects assigned by the Prime Minister in the medium-term public investment plan for the period of 2016-2020 and the previous year's capital plans (if any), adjustments of the medium-term public investment plan for the 2016 period - 2020 (if any) and disbursement results, in which contents shall be mentioned as: capital for the annual plans, capital for the previous year's plans extended to the next year; the number of projects adjusting the total investment compared to the initial investment decisions; the number of projects carried out slowly compared to the approved investment decisions and investment plans; the situation of making, appraising and approving decisions on investing in public investment projects and adjusting public investment projects (if any) in accordance with the Law on Public Investment and guiding documents of the Government and the Prime Minister. 

The implementation of investment projects funded by the proceeds from the sale of assets on land and the transfer of land use rights. 

Ministry of Health, Ministry of National Defense and People's Committee of Ho Chi Minh City shall report on the implementation of investment and construction of 05 central and national-level hospitals from the advance funding of the Business Arrangement and Development Assistance Fund (the details of total capital disbursed from the Fund, the amount of disbursed capital, the amount of capital provided but not yet disbursed, the amount of uninvested capital), the amount of capital allocated from development investment expenditure estimates of State budget for the period of 2017-2019 (including the amount of paid capital) and the implementation of capital investment.

Regarding investment capital included in local budget balances, localities shall clearly report on the local budget balances allocated annually compared to the amount of medium-term capital for the period of 2016-2020 assigned by the Prime Minister; the implementation of public investment plans with local budget balances and local budgets as prescribed in Resolution No.71/2018/QH14, annual amount of local overspent budgets and the average amount of 05 years from 2016 to 2020; the investment of such overspent budgets; the use of annual local budget extra-revenue for investment.

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