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Sunday, April 19, 2026

Focusing on transformative projects

By An Nhien

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In its report to the first sitting of the 16th National Assembly, the Government announced that the total mid-term public investment capital for the 2026–2030 period will amount to VND8.22 quadrillion. These funds are prioritized for implementing the Party Central Committee’s action program to carry out the Resolution of the 14th National Party Congress, with a focus on breakthrough and transformative tasks and projects. The 16th National Assembly began its first sitting on April 6, completing the election and approval of 38 high-ranking leaders, thereby establishing the organizational structure and operational framework for the entire term. Just days later, on April 9, the newly formed Government presented socio-economic reports to the legislature, including the medium-term public investment plan for the 2026–2030 period. In its report to the National Assembly, the Government stated that total allocated and disbursed public investment capital for the 2021–2025 period exceeded VND3 quadrillion, with a focus on urgent projects, essential infrastructure, and initiatives capable of driving economic growth. Notably, the mid-term public investment plan from the central budget during this period encompassed 4,652 projects (excluding those under national target programs and projects arranged to recover advances from the central budget), of which 2,340 were newly initiated. […]
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