Supplementing the Medium-Term Public Investment Plan for Vietnam Electricity Group

Continuing the 29th session, this afternoon (January 8), the National Assembly Standing Committee (NASC) gave its opinion on supplementing the Medium-Term Public Investment Plan of the Central Budget for the 2021-2025 period from the general reserve source corresponding to the source of increased revenue and savings of the Central Budget in 2022 for public investment tasks and projects and supplementing the Medium-Term Public Investment Plan for Vietnam Electricity Group from the reserve source of the Medium-Term Public Investment Plan.

Bổ sung Kế hoạch đầu tư công trung hạn cho Tập đoàn Điện lực Việt Nam

Submitting a supplementary plan to the Medium-Term Public Investment Plan for Vietnam Electricity Group

Presenting the Proposal on the proposed plan to allocate the general reserve fund for the medium-term public investment plan using domestic central budget capital for the 2021-2025 period corresponding to the increased central budget revenue in 2022 (VND 63,725 billion), Deputy Minister of Planning and Investment Tran Quoc Phuong said that the total of VND 63,725 billion expected to be allocated to 5 sectors and fields including: National Defense, Security, State Management, Science and Technology, and Transport.

Regarding the completion of investment procedures, up to now, out of a total of 50 tasks and projects, 33 projects have completed investment procedures according to regulations, qualified for assignment, and supplemented the medium-term public investment plan for the period 2021-2025 from the general reserve fund of the medium-term public investment plan for the period 2021-2025 with a capital of VND 33,157,137 billion. There are 17 projects completing investment procedures and documents requesting decentralization as the governing body according to Resolution No. 106/2023/QH15.

Regarding the addition of the medium-term public investment plan for Vietnam Electricity Group (EVN) from the reserve fund of the medium-term public investment plan, Deputy Minister Tran Quoc Phuong emphasized the necessity of investment and the basis for choosing the power supply plan for Con Dao district. The project of supplying power from the national grid to Con Dao district, Ba Ria - Vung Tau province is a special project, using both the central budget and EVN's own capital.

In order to effectively use this capital source, to achieve the goal of ensuring stable and safe electricity supply for the Con Dao district power grid, contributing to ensuring national defense and security and ensuring national sovereignty over seas and islands, it is necessary to consider and report to the National Assembly for a mechanism to assign the central budget capital plan of the Project to EVN. The Ministry of Industry and Trade is the sector management agency, responsible for conducting inspection, supervision and examination to ensure that there is no policy exploitation, group interests, loss and waste. The handover of assets after the project is completed is carried out in accordance with the law on public asset management and relevant laws.

Representative of the Ministry of Planning and Investment reports to the Standing Committee of the National Assembly

The Government submitted to the Standing Committee of the National Assembly a report to the National Assembly: Firstly, allowing the use of 63,725 billion VND of the general reserve fund of the Medium-term Public Investment Plan for the 2021-2025 period corresponding to the increased revenue of the State budget in 2022 to supplement the medium-term public investment plan of the State budget capital for the 2021-2025 period, which is 33,157.137 billion VND from the general reserve fund of the Medium-term Public Investment Plan for the 2021-2025 period for ministries, central agencies and localities, detailed by sector and field.

For the remaining capital of VND 30,567,863 billion expected to be allocated to the list of projects that have not met investment procedures according to regulations, the Government urgently completes investment procedures.

Second, regarding the mechanism and policies applied to additional projects in the Medium-term Public Investment Plan using the State Budget for the 2021-2025 period from the general reserve fund of the Plan corresponding to the increased State Budget revenue in 2022: Regarding the mechanism for deciding on investment policies for 04 projects of the Ministry of Public Security.

Regarding the assignment of annual plans for Projects, the Government submits to the National Assembly for permission to allocate the 2024 and 2025 plans from the 2022 central budget revenue increase to ministries and localities to carry out tasks and projects that are supplemented with the 2021-2025 medium-term public investment plan from the general reserve when meeting the prescribed conditions; during the period between two sessions of the National Assembly, report to the Standing Committee of the National Assembly for decision and report to the National Assembly at the nearest session.

Presenting the Summary Report on the Examination of this content, Chairman of the National Assembly's Finance and Budget Committee Le Quang Manh said that the Government's submission to the National Assembly Standing Committee for consideration and comments to submit to the National Assembly for consideration and decision on supplementing the Medium-term Public Investment Plan of the central budget for the period 2021-2025 from the general reserve source corresponding to the increased revenue of the central budget in 2022 for public investment tasks and projects and supplementing the medium-term public investment plan for Vietnam Electricity Group from the reserve source of the Medium-term Public Investment Plan under the authority of the National Assembly is within its authority.

Chairman of the National Assembly's Finance and Budget Committee presents the review of the Proposal

The Standing Committee of the Finance and Budget Committee recommends that the Standing Committee of the National Assembly allow the National Assembly to consider and decide on the principles and criteria for capital allocation. Accordingly, the allocation and arrangement of the use of the general reserve for the medium-term public investment plan using the central budget must strictly comply with the principles and order of priority prescribed in the Law on Public Investment, the Law on State Budget, Resolution No. 29/2021/QH15 of the National Assembly, Resolution No. 973/2020/UBTVQH14, Resolution No. 40/2023/NQ-UBTVQH15 of the Standing Committee of the National Assembly and Resolution No. 106/2023/QH15 of the National Assembly.

Regarding the use of the general reserve fund of the medium-term public investment plan, it is recommended that the Standing Committee of the National Assembly agree that the Government submit to the National Assembly a supplement to the medium-term public investment plan using the central budget for the period 2021-2025 from the general reserve fund corresponding to the increased revenue source of the central budget in 2022 for public investment tasks and projects. For projects that have completed investment procedures according to the Government's Submission: Supplement the medium-term public investment plan using the central budget for the period 2021-2025 from the general reserve fund of the medium-term public investment plan for the period 2021-2025 for ministries, central agencies and localities.

Assign the Government to urgently complete investment procedures and report to the Standing Committee of the National Assembly for comments before assigning additional medium-term public investment plans for the 2021-2025 period for each project for the remaining capital of 3 expected to be allocated to the list of projects that have not met investment procedures as prescribed in accordance with the provisions of law...

Regarding the mechanism applied to projects, the Standing Committee of the National Assembly's Finance and Budget Committee considers and decides on the Government's supplementary reporting dossier, thorough and specific impact assessment of policies and resources for policy implementation, and submits to the National Assembly for issuance of a pilot Resolution to allow the Ministry of Public Security to approve investment policies for projects in accordance with the Law on promulgation of legal documents.

The Government is assigned to direct ministries, central agencies and localities to urgently complete the approval of project investment decisions or adjust project investment decisions to ensure sufficient conditions for arranging annual capital plans as prescribed in Article 53 of the Law on Public Investment, report to the National Assembly to allocate plans for 2024 and 2025 from the increased revenue of the central budget in 2022 to ministries and localities to carry out tasks and projects that are added to the Medium-term Public Investment Plan for the period 2021-2025 from the general reserve fund when sufficient conditions are met as prescribed.

Regarding the allocation of capital to implement the Project of supplying electricity from the national grid to Con Dao district, Ba Ria - Vung Tau province, it is recommended to agree to allocate capital to EVN to implement the Project of supplying electricity from the national grid to Con Dao district, Ba Ria - Vung Tau province. At the same time, it is recommended that the Government take responsibility and commit to selecting the most optimal option of supplying electricity from the national grid to ensure efficiency, saving investment resources, reasonable cost and expenses; Assign the Ministry of Industry and Trade as the sector management agency, responsible for appraising the project feasibility study report and reports, contents related to the project in accordance with the provisions of law on construction and related laws; conduct inspection, supervision, and audit to ensure that there is no policy exploitation, group interests, loss, or waste; The handover and addition of capital and assets after the project is completed shall comply with the provisions of law on management and use of state capital for investment, production and business at enterprises and management of public assets, and other relevant legal provisions.

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