The 15th National Assembly's fifth session discussed key economic issues. — VNA/VNS Photo

HÀ NỘI — The National Assembly Chairman Vương Đình Huệ recently issued a resolution of allocating capital aimed at rebuilding the economy post-pandemic. 

Accordingly, VNĐ13.369 trillion (US$564.2 million) of the remaining capital of the Government's Socio-Economic Recovery and Development Programme will be allocated to ministries and local agencies to implement projects that have reported readiness to the National Assembly (NA)’s fifth session.

The Prime Minister has been assigned to direct the allocation of capital for projects in accordance with the provisions of Resolution No. 43/2022/QH15 and the Law on Public Investment.

The amount of VNĐ444.4 billion ($187.6 million) will be allocated to the Ministry of Education and Training. This is part of the medium-term public investment plan of the central budget for the 2021-25 period for the National Target Programme for Socio-Economic Development in Ethnic Minority and Mountainous Areas.

Ministries and central and local agencies will receive more than VNĐ25.995 trillion ($1.08 billion) of the remaining capital of the budget.

So far, ministries and central and local agencies have been allocated VNĐ62.364 trillion ($2.6 billion). 

Under the resolution, the NA will cut VNĐ24.594 trillion ($1.03 billion) of the medium-term public investment plan of the central budget in the 2021-25 period which was allocated to the Ministry of Transport to give provinces of Khánh Hòa, Đắk Lắk, Đồng Nai, Bà Rịa-Vũng Tàu, Tiền Giang, Cần Thơ, Hậu Giang, Sóc Trăng, An Giang and Đồng Tháp.

The NA will allocate VNĐ1.208 trillion ($51 million) from the central budget of 2023 for the national target programmes on Socio-Economic Development in the Ethnic Minority and Mountainous Areas, as well as on New Rural Development, and Grass-Roots Healthcare Network Development in Difficult Areas.

The Government is responsible for issuing documents guiding the implementation of the three national target programmes.

The Government also directs the capital allocation plans of the Socio-Economic Recovery and Development Programme, Medium-term Public Investment Plan from the central budget of 2021-25 period as per Law on Public Investment and the NA’s resolutions.

The People’s Committee of Ninh Thuận Province was asked to complete investment procedures of infrastructure projects in Phước Dinh Commune of Thuận Nam District and Vĩnh Hải Commune of Ninh Hải District with capital of VNĐ273 billion ($11.5 million) from the Socio-Economic Recovery and Development Programme under the NA’s Resolution 43/2022/QH15.

The Ministry of Transport has to urgently complete the investment procedures for the railway connection project between Lào Cai station and northern Hà Khẩu Station with a capital of VNĐ700 billion ($29.5 million).

The Government and the Prime Minister shall direct ministries, central and local agencies to strengthen financial and budgetary discipline and draw experience in the implementation of the NA’s resolutions as well as review and clarify responsibilities of organisations and individuals involved in the delay in completing investment procedures leading to late reporting to the NA Standing Committee.

The Government and relevant agencies must accelerate the disbursement of capital sources and ensure the management and use of capital sources in accordance with the law, for the right purposes.

The resolution implementation will be supervised by the NA’s Committee on Finance and Budget, Council for Ethnic Minority Affairs and other committees, NA deputies, the Việt Nam Fatherland Front, People's councils of cities and provinces, and the State Audit Office. — VNS