HCMC – The Government has scaled up the medium-term public investment plan by nearly VND3 trillion for 10 provinces and cities, using funds from the central budget for the 2021-2025 period.
The provinces set to receive the additional funding include Yen Bai, Bac Kan, Phu Tho, Hai Duong, Nghe An, Ha Tinh, Quang Tri, Ninh Thuan, Hau Giang, and HCMC.
According to Decision 833 signed by Deputy Prime Minister Tran Luu Quang, the Government reduced nearly VND3.1 trillion in foreign-funded public investment initially allocated to the Ministry of Science and Technology. These funds have been redirected to the Ministry of Foreign Affairs and the 10 provinces and centrally-run cities.
HCMC is set to receive VND1.5 trillion, the largest portion of the reallocated funds. Additionally, the Government cut over VND6 trillion from medium-term public investment plans for certain projects, redistributing the funds to other ministries, central agencies, and localities.
The decision also allocates more than VND2.9 trillion from the 2021 budget savings, including VND2.4 trillion for the Ministry of Health and VND500 billion for the Vietnam National University – Hanoi. These allocations align with Resolution No. 43/2022/QH15 of the National Assembly.
