In 2025, Ho Chi Minh City is expected to be allocated more than 84,100 billion VND in public investment capital.
The Ministry of Planning and Investment has announced that the estimated central budget capital for 2025 allocated to Ho Chi Minh City is more than VND 3,237 billion, while public investment capital from the local budget is more than VND 80,911 billion.
According to the 2025 public investment plan submission of the Ho Chi Minh City People's Committee, the City has been notified by the Ministry of Planning and Investment that the estimated central budget capital for 2025 is more than VND 3,237 billion (equal to the central budget capital demand for 2025 as proposed by the city).
Based on the central budget capital level estimated by the Planning and Investment Department as mentioned above, the Ho Chi Minh City People's Committee reported to the Planning and Investment Department the list and plan for allocating the city's public investment plan for 2025.
Specifically, the An Phu Intersection Construction Project is 330 billion VND; the Ring Road 3 Construction Project through Ho Chi Minh City (including Kenh Thay Thuoc Bridge) is more than 1,547 billion VND; the National Highway 50 Construction and Expansion Project (Binh Chanh District) is 80 billion VND;
The project of Infrastructure construction and environmental improvement of Tham Luong - Ben Cat canal - Nuoc Len canal (connecting Long An province via Cho Dem river and Binh Duong province, Dong Nai province via Saigon river) is 1,180 billion VND.
In addition, the central budget capital source of foreign capital of 100 billion VND is also expected to be allocated for the Ho Chi Minh City Environmental Sanitation Project - Phase 2.
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| The project to build Ring Road 3 through Ho Chi Minh City (including Kenh Thay Thuoc Bridge) is expected to allocate more than 1,547 billion VND. Photo: Le Toan |
In addition, the Ministry of Planning and Investment plans to allocate the 2025 public investment capital plan from the local budget to the City with a capital of more than VND 80,911 billion.
The City People's Committee proposed to allocate more than VND 62,399 billion to programs, projects, and public investment objects in the City's medium-term public investment plan for the 2021-2025 period.
Specifically, the arrangement from ODA capital re-borrowed from foreign loans of the Government is 3,217.2 billion VND; The arrangement of counterpart capital for projects using ODA capital and preferential loans from foreign donors is 984.732 billion VND;
The state investment capital arrangement for participating in the implementation of PPP projects and projects serving PPP projects is 140.6 billion VND. The development investment capital arrangement (public investment capital source) to implement the entrustment to the Social Policy Bank, Ho Chi Minh City Branch for lending to support poverty reduction and job creation is 901 billion VND.
The city also plans to allocate 150 billion VND in capital for the Investment Stimulus Program; 13.5 billion VND in capital for the City's planning task for the 2021-2030 period, with a vision to 2050; 48,782.1 billion VND in capital for projects using the concentrated City budget.
In addition, capital allocation for previous projects using district budget capital and additional targeted City budget capital for districts is 255 billion VND; Capital allocation for projects using additional targeted capital from the City budget for the budgets of 5 districts and Thu Duc City is 7,954.9 billion VND.
The city also allocated a development investment budget for the public investment plans of districts and Thu Duc City from the city's public investment budget of VND 2,024.3 billion.
For the remaining VND 16,487.7 billion, the City proposes to reserve and will allocate when new projects starting construction in 2025 meet the conditions for allocation.
The City People's Committee said that, after reviewing, the current projects have been allocated medium-term capital and are expected to start construction and be implemented in 2025 with additional capital needs in the year including: 3 component projects of the Ho Chi Minh City - Moc Bai Expressway Construction Investment Project Phase 1 implemented under the PPP form of 4,643 billion VND; projects using the City budget are expected to start construction after completing investment decision procedures of 11,844 billion VND.
The City emphasizes that the above plan ensures the allocation and allocation of sufficient capital according to the level of capital expected by the Ministry of Planning and Investment to be submitted to the Prime Minister for allocation to the City in 2025.
At the same time, to ensure disbursement, the City People's Committee has reviewed and identified specific projects that need to accelerate the implementation of related investment procedures and the expected additional capital for these projects and will direct relevant agencies and units to urgently accelerate project approval procedures and flexibly implement capital adjustments and supplements in 2025.
In 2024, the City assigned and allocated a detailed public investment capital plan for 2024 of VND 79,263 billion, including central budget capital of VND 3,686 billion and local budget capital of VND 75,577 billion.
To promote the disbursement of public investment capital, the City has deployed and thoroughly implemented many key solutions in the remaining months of the year and directed the handling and removal of obstacles for each specific project to speed up the implementation progress and capital disbursement.
In particular, focusing on reviewing, updating and adjusting detailed disbursement plans for each week and month, including detailed lists of each project and the amount of capital disbursed each week, and at the same time strictly reminding units that have not yet strived to disburse capital to achieve the common goals of the City.
However, the City People's Committee acknowledged that during the implementation process, the City encountered some difficulties and obstacles, mainly objective ones such as changes in some related laws, depending on the progress of resolving difficulties and obstacles in procedures under the authority of central ministries and branches. Not to mention, there are still obstacles in compensation procedures for site clearance, procedures for adjusting planning;...
Therefore, as of November 29, the total capital of the City's public investment plan for 2024 is still slow, disbursed is 19,723 billion VND, reaching 24.9% of the assigned capital.
The city said it will strive to disburse VND60,944 billion by the end of December, a rate of 76.9%; by the end of the 2024 Plan fiscal year (January 2025), disbursement will reach VND64,528 billion, a rate of 81.4% (over VND79,263 billion of assigned capital).
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