HCMC – An additional allocation of VND12 trillion for its 2021-2025 medium-term public investment plan has been approved through a Government decision signed by Deputy Prime Minister Ho Duc Phoc.
The funds will be distributed to the Ministry of Construction and three provinces, namely Ha Giang, Tuyen Quang, and Vinh Long.
According to the Vietnam News Agency, the funding is sourced from the surplus in central government budget revenues in 2022 and 2023, drawn from the general contingency reserve of the 2021-2025 medium-term public investment plan.
In addition, an extra VND1.2 trillion from the 2025 central budget will be allocated to Can Tho City, using surplus revenue from 2021.
The list of projects and specific funding allocations have completed investment procedures and were submitted to the National Assembly Standing Committee in Report No. 455/TTr-CP dated May 29, 2025.
Ministries and local authorities must submit detailed allocation reports by July 1, 2025.
