PM Revises Foreign-funded Public Investment Plan for Medium Term

The Prime Minister recently issued Decision 784/QD-TTg on revised medium-term foreign-funded public investment plan financed by central budget for 2016-2020.

Accordingly, the Prime Minister adjusted the medium-term foreign-funded public investment plan financed by the central budget for the 2016-2020 period for 19 projects in 13 localities (Bac Kan, Yen Bai, Tuyen Quang, Son La, Hoa Binh, Hai Duong, Ha Tinh, Quang Tri, Phu Yen, Ninh Thuan, Ho Chi Minh City, Long An and Tra Vinh) with a total budget of VND180,406 billion, of which VND5,689 billion will come from a 10% reserve for the local medium-term public investment plan and VND174,717 billion will come from an internally adjusted source among projects in each locality as proposed by the Ministry of Planning and Investment .

The Ministry of Planning and Investment is fully responsible to the Prime Minister, inspectorates and relevant agencies for the accuracy of information, data, lists and capital of each project.

The Ministry of Finance is responsible for controlling the disbursement for projects.

The Prime Minister has assigned the People's Committees of Ho Chi Minh City, Bac Kan, Yen Bai, Tuyen Quang, Son La, Hoa Binh, Hai Duong, Ha Tinh, Quang Tri, Phu Yen, Ninh Thuan, Long An and Tra Vinh to notify component units of each project and to send progress reports to the Ministry of Planning and Investment and the Ministry of Finance for supervision of implementation.

By Thu Ha, Vietnam Business Forum