In 2025, Ho Chi Minh City plans to have a public investment capital of more than VND103,000 billion; of which the proposed capital allocated by the Central Government is more than VND3,000 billion, and local capital is more than VND100,000 billion.
On the morning of July 17, at the 17th session, the Ho Chi Minh City People's Council passed a resolution on the expected public investment plan for 2025 of Ho Chi Minh City.
Specifically, the HCMC People's Council agreed on the plan to allocate central budget capital in the 2025 public investment plan with the total proposed capital allocated by the Central Government being more than VND3,237 billion. At the same time, the total local budget capital plan as planned by the HCMC People's Committee was more than VND100,004 billion.
The People's Council of Ho Chi Minh City agrees with the proposal of the People's Committee of Ho Chi Minh City on the principles of establishing, balancing capital arrangement, priority order, and methods of allocating public investment capital in 2025 of Ho Chi Minh City.
The People's Council of Ho Chi Minh City proposed that when the balance of development investment expenditure for other public investment is approved, the estimated capital level is 100,004.86 billion VND, based on the capital source and the ability to balance the Ho Chi Minh City budget in 2025, the People's Committee of Ho Chi Minh City shall report to the People's Council of Ho Chi Minh City on the allocation when submitting the capital plan for 2025 at the meeting of the People's Council of Ho Chi Minh City at the end of 2024 according to regulations.
The People's Council of Ho Chi Minh City assigned the People's Committee of Ho Chi Minh City to synthesize and report to the Ministry of Planning and Investment according to regulations. Monitor and recommend the Prime Minister, ministries, and central agencies to consider and arrange sufficient public investment capital plans for 2025 according to the needs of the projects to support Ho Chi Minh City in implementing key public investment projects, projects with regional connectivity, and meaningfully promoting the rapid and sustainable socio-economic development of Ho Chi Minh City, contributing to promoting the development of neighboring provinces.
In addition, the Ho Chi Minh City People's Committee continues to complete the 2025 public investment plan using local budget capital and promptly complete necessary investment procedures, ensuring that the programs, projects, and public investment objects that the Ho Chi Minh City People's Committee plans to allocate capital as mentioned above are eligible for capital allocation according to regulations when submitting to the Ho Chi Minh City People's Council for consideration and resolution to approve the Ho Chi Minh City's 2025 public investment plan.
After the national public investment plan for 2025 is approved by the National Assembly, the Ho Chi Minh City People's Committee is responsible for submitting to the Ho Chi Minh City People's Council a resolution on the 2025 public investment plan using the city's local budget capital according to regulations, in accordance with the capital source and the ability to balance capital sources of Ho Chi Minh City.
The HCMC People's Council noted that for projects preparing for investment, priority capital should only be recorded for truly urgent projects that ensure all required procedures and legal regulations. Avoid spreading out the allocation to many projects that are not really necessary, causing imbalance when developing the medium-term public investment plan for the 2021-2025 period and the 2026-2030 period. At the same time, ensure that the total value of the total investment of programs and projects to be implemented in the medium-term public investment plan for the next period does not exceed 20% of the total capital of the medium-term public investment plan for the previous period.
CIVILIZATION - NGO BINH
Source: https://www.sggp.org.vn/tphcm-du-kien-ke-hoach-von-dau-tu-cong-nam-2025-hon-103000-ty-dong-post749707.html
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