Resolution No. 70/2025/UBTVQH15 on principles, criteria, and allocation standards for state budget capital for public investment during the period 2026-2030.

RESOLUTION

Regarding principles, criteria, and allocation standards for state budget capital for public investment during the period 2026

and Law No. 56/2024/QH15 - 2030

 THE STANDING COMMITTEE OF THE NATIONAL ASSEMBLY

On the basis of the Constitution of the Socialist Republic of Vietnam;

On the basis of the Law on Public Investment No. 58/2024/QH15;

Based on the Law on State Budget No. 83/2015/QH13, which has been amended and supplemented by certain articles pursuant to Law No. 59/2020/QH14 This Decision stipulates the principles, criteria, and allocation standards for state budget capital for public investment during the period 2026 - 2030.;

 RESOLUTION:

Chapter I

GENERAL PROVISIONS

Article 1. Scope of Regulation

1. Ministries, central agencies, and localities as prescribed by the Public Investment Law.

Article 2. Applicability

2. Agencies, units, organizations, and individuals involved in or related to the construction, preparation, review, allocation, assignment, implementation, and execution of medium-term and annual public investment plans from the state budget during the period 2026 - 2030.

PRINCIPLES, CRITERIA AND ALLOCATION STANDARDS FOR STATE BUDGET CAPITAL FOR PUBLIC INVESTMENT DURING THE PERIOD 2026 - 2030

Chapter II

Article 3. General Principles on the Allocation of State Budget Capital for Public Investment During the Period 2026 - 2030

1. The allocation of state budget capital for public investment during the period 2026 - 2030 must comply with the provisions of the Public Investment Law, the State Budget Law, and other relevant laws.

2. Ensuring centralized and unified management regarding objectives, mechanisms, and policies; promoting the role of public investment in leading private investment to attract and mobilize all social resources for development; strengthening decentralization and delegation of authority, reviewing and reducing administrative procedures according to the law, creating autonomy for ministries, central agencies, and local authorities, eliminating bureaucratic practices and the "request-grant" mechanism.

3. The allocation of state budget capital for public investment must serve the implementation of national development goals and orientations set out in the National Socio-Economic Development Strategy for 2021 - 2030, resolutions and conclusions of the Central Committee of the Communist Party of Vietnam, the Politburo, the National Socio-Economic Development Plan for 2026 - 2030, sectoral and regional plans, the five-year national financial plan, the five-year government borrowing and repayment plan, ensuring rapid and sustainable development, harmonizing economic and social progress.

4. Being consistent with the ability to balance public investment funds from the state budget in the five-year financial plan for the period 2026 - 2030, ensuring macroeconomic balance indicators and public debt safety. Promoting restructuring of public investment, reasonably calculating the structure of central and local budget resources, ensuring the central budget plays a leading role; enhancing mobilization of non-state budget resources, accelerating attraction of social capital to implement infrastructure projects.

5. Concentrating capital allocation without dispersion, ensuring efficient use of capital. Improving the quality of investment preparation work. Only allocate capital for programs, tasks, and projects meeting the conditions stipulated by the Public Investment Law and other relevant laws. The time for allocating capital to implement projects must comply with Article 57 of the Public Investment Law.

6. Prioritizing capital allocation to expedite the implementation, accelerate progress, and promptly complete and effectively utilize projects under national target programs, important national projects, expressway projects, high-speed railway projects, urban rail transit projects, inter-regional connection projects, projects promoting rapid and sustainable economic and social development; programs and projects for scientific and technological development, innovation, digital transformation, nuclear energy, atomic energy, semiconductor chips; programs, tasks, and defense, security, judicial, education, and training of high-quality human resources projects, health care, environmental protection, adaptation to climate change, disaster prevention and mitigation, coastal erosion, droughts, saltwater intrusion, rising sea levels, ensuring energy security, water resource security, food security, green transition.

7. Prioritizing capital allocation to mountainous, border, island, ethnic minority, disadvantaged, and extremely disadvantaged regions, contributing to narrowing the gap in development levels, income, and living standards between regions across the country.

8. The priority order for allocating state budget capital for public investment during the period 2026 - 2030 is as follows:

a) Urgent public investment projects;

b) National target programs, important national projects;

d) Completed projects handed over for use but not fully funded;

đ) Programs and projects using ODA and preferential foreign loans, including counterpart funds;

e) State investment in PPP projects as prescribed by the law on public-private partnerships; compensation, early termination of PPP projects decided by competent authorities, payment for reduced revenue of PPP projects due to the responsibility of the state, payment according to BT project contracts in cash;

g) Continuing projects to be completed within the planning period;

h) Continuing projects implemented according to approved schedules;

i) Planning tasks, investment preparation tasks (capital allocated for new projects expected to start in 2026 - 2030, capital allocated for new projects expected to start in 2031 - 2035);

k) Payment of outstanding construction debts arising before January 1, 2015 (if any);

l) Interest subsidy for preferential credit, management fees; capital contribution to policy banks and non-budget state financial funds; support for other investment targets as decided by the Government or the Prime Minister;

m) Allocation of local budget funds to implement preferential credit policies through the Social Policy Bank as decided by the People's Council at the provincial level;

n) New projects starting that meet the requirements of the Public Investment Law.

9. Ensuring transparency, fairness in the allocation of public investment plans, contributing to administrative reform and strengthening anti-corruption efforts, thrift, and the elimination of waste.

n) New project commencement shall comply with the requirements stipulated in the Law on Public Investment.

9. Ensure transparency, fairness, and impartiality in the allocation of budgeted public investment funds, contributing to the acceleration of administrative reform and the enhancement of anti-corruption efforts, thrift, and the prevention of waste.

Article 4. Principles, criteria, and allocation standards for state budget capital for domestic sources under the central budget for the period 2026-2030

1. The allocation of capital shall be carried out according to the provisions of the Law on Public Investment, Clause 3 of this Resolution regarding general principles, priority order in allocating capital, and specific principles as follows:

a) Capital for public investment shall be allocated for tasks, programs, and projects within the public investment expenditure of the central state budget as prescribed by laws on the state budget and public investment.

b) Ensuring a reasonable proportionate structure in the allocation of public investment capital among ministries, central agencies, and between sectors and fields; central state budget capital for targeted supplementation to localities; capital for implementing specific tasks, programs, and projects as stipulated in Clause 6, Article 3 of this Resolution.

c) Capital for public investment of ministries, central agencies, and localities shall be allocated by sector and field as prescribed by laws on public investment.

2. Criteria and allocation standards for the period 2026-2030:

b) The remaining central state budget capital shall be allocated as follows:

- Allocating to ministries, central agencies by sector and field. Ministries and central agencies shall be responsible for specifically allocating to programs and projects in accordance with the provisions of the law and the principles and priority order specified in this Resolution.

- Allocating to specific tasks, programs, and projects as stipulated in Clause 6, Article 3 of this Resolution and other expenditures under the responsibility of the central state budget as prescribed by law.

Article 5. Principles, criteria, and allocation standards for state budget capital for foreign sources under the central budget for the period 2026-2030

1. The allocation of capital shall be carried out according to the provisions of the Law on Public Investment, Clause 3 of this Resolution regarding general principles, priority order in allocating capital, and specific principles as follows:

a) Capital for public investment shall be allocated for tasks, programs, and projects within the public investment expenditure of the central state budget as prescribed by laws on the state budget, public investment, and consistent with the National Financial Plan and borrowing and repayment of public debt over five years.

b) Prioritizing the allocation of capital for implementing key tasks, programs, and large projects, and projects as stipulated in Clause 6, Article 3 of this Resolution.

c) Foreign capital of ministries, central agencies, and localities shall be allocated by sector and field as prescribed by laws on public investment.

2. Criteria, allocation standards, and capital structure:

a) Prioritizing the allocation of medium-term public investment plan capital for the period 2026-2030 for ongoing projects from the medium-term public investment plan for the period 2021-2025 (including projects using foreign capital with loan agreements/expiry dates before December 31, 2025 but still within the settlement period as prescribed by the donor).

b) Allocating capital for tasks, programs, and projects that have met the conditions for capital allocation as prescribed by the Law on Public Investment.

c) Any remaining capital (if any) shall be allocated for new programs, tasks, and projects arising during the medium-term period 2026-2030 after completing the required investment procedures.

Article 6. Principles, criteria, and allocation standards for capital of the National Target Program during the period 2026-2030

1. Ensure compliance with the provisions of the Law on Public Investment, the State Budget Law, and related legal documents.

2. The principles, criteria, and allocation standards for central budget capital for national target programs shall be implemented according to the investment policy of each program decided by the National Assembly.

Article 7. Principles and criteria for allocating public investment capital from the central budget to ministries and central agencies during the period 2026-2030

1. For domestic capital, it shall be implemented in accordance with Articles 3 and 4 of this Resolution.

2. For foreign capital, it shall be implemented in accordance with Article 5 of this Resolution.

Article 8. Principles, criteria, and allocation standards for additional public investment capital from the central budget for localities during the period 2026-2030

1. Allocation principles for domestic capital shall be implemented in accordance with Article 4 of this Resolution and the following specific principles:

b) The allocation of public investment capital from the central budget for domestic purposes to supplement localities shall ensure transparency, fairness, focus, and effectiveness; prioritize investment in large projects with regional, provincial, national, and international connectivity, which have a spreading effect and drive economic and social development in localities, regions, and the country;

c) Localities shall be responsible for allocating supplementary targeted capital for programs and projects according to the principles and priority order specified in this Resolution, creating conditions to attract maximum other sources of capital for development.

2. Criteria and allocation standards for domestic capital:

a) Public investment capital from the central budget for supplementary targeted purposes for localities shall be allocated to projects with scale from Group B upwards (excluding projects under the National Target Program). Other cases shall be decided by the Prime Minister;

- Population criterion: Average population and number of ethnic minorities in localities (excluding Hanoi and Ho Chi Minh City);

- Development level criterion: Multidimensional poverty rate, domestic revenue (excluding land use revenue and lottery revenue), central budget redistribution rate, and supplementary balance rate from the central budget to the local budget;

- Area criterion: Natural land area, paddy field area, forest coverage rate of localities;

- Administrative unit criterion at district level: Number of administrative units at district level, number of mountain districts, highland districts, island districts, and land border districts of each locality;

- Additional criteria include:

+ ATK commune criterion; affected areas of defense works and special military zones; particularly difficult communes in Region III;

+ Island commune criterion; land border commune criterion, including communes along the Vietnam-China, Vietnam-Laos, and Vietnam-Cambodia borders;

+ Region criterion: Areas significantly affected by natural disasters and climate change (storms, landslides, flash floods, riverbank erosion, coastal erosion, droughts, saline intrusion, rising sea levels, etc.);

+ Priority criterion according to National Assembly Resolutions.

3. For foreign capital, it shall be implemented in accordance with Article 5 of this Resolution.

Article 9. Local State Budget Investment Capital

1. To be allocated by sector and field in accordance with the laws on public investment and the principles stipulated in Article 3 of this Resolution.

3. To ensure sufficient local state budget capital allocation according to approved investment policies or commitments for programs and projects utilizing multiple sources of investment funds.

4. The 2026 local state budget public investment plan shall be developed in compliance with the laws on public investment and the state budget, taking into account anticipated local state budget revenue based on the tiered distribution system, additional balancing funds from the central budget to the local budget (if applicable), aligning with the orientation and goals of the five-year socio-economic development plan for 2026-2030 and specific socio-economic development targets for 2026; the results of the local state budget execution during the 2021-2025 period, and the estimated execution for 2025.

5. The local state budget public investment plans from 2027 to 2030 shall be determined annually based on the average annual growth rate of local state budget public investment capital over the five-year period compared to the 2026 public investment capital (excluding land revenue and lottery proceeds).

Chapter III

IMPLEMENTING PROVISIONS

Article 10. Responsibilities of the Government

1. To organize and direct ministries, ministerial-level agencies, government agencies, and other central and local agencies to implement this Resolution.

2. To report on the implementation of this Resolution to the National Assembly and the Standing Committee of the National Assembly as required.

3. In cases where additional or amended principles, criteria, and allocation standards for public investment capital sourced from the state budget for the 2026-2030 period are outside the provisions of this Resolution, the Government shall report to the Standing Committee of the National Assembly for decision.

Article 11. Responsibilities of the Prime Minister

1. To detail allocation standards for each criterion, timeframes, and data-providing agencies as the basis for determining supplementary targeted public investment capital from the central budget for localities during the 2026-2030 period; to determine the average annual growth rate of local state budget public investment capital over the five-year period compared to the 2026 public investment capital.

2. Based on the medium-term public investment plan for the 2026-2030 period assigned by the competent authority and stipulated in this Resolution, the Prime Minister shall decide specifically on the principles and priority order for annual allocation of public investment capital from the state budget, ensuring transparency in the allocation of public investment capital, contributing to administrative reform and enhancing anti-corruption efforts, thrift, and the prevention of waste.

3. To detail the principles, criteria, and allocation standards for public investment capital from the state budget as specified in Chapter II of this Resolution and to organize the implementation of this Resolution.

Article 12. Effective Date

This Resolution takes effect from April 1, 2025, and applies to the fiscal years of the 2026-2030 period.

Article 13. Supervision of the Implementation of the Resolution

The Standing Committee of the National Assembly, the National Ethnic Council, and the Committees of the National Assembly, the Delegations of National Assembly Members, and National Assembly Members shall supervise the implementation of this Resolution within the scope of their duties and powers./.

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This Resolution was adopted on February 7, 2025, at the 42nd session of the Standing Committee of the National Assembly of the Socialist Republic of Vietnam, Session XV./.