The Ministry of Planning and Investment (MPI) has recently submitted a draft Decree detailing the implementation of several articles of the amended Law on Public Investment, marking a significant step forward in the effective management and utilization of the nation’s public investment capital. The draft, consisting of 8 chapters and 59 articles, is currently being made public to gather feedback from ministries, sectors, and localities across the country.
The Prime Minister chairs an online Government meeting with ministries, sectors, and localities on the disbursement of public investment capital, on the afternoon of August 3rd
A notable point in this draft is the clear definition of 13 key sectors and fields that will be prioritized for the allocation of public investment capital. This decision reflects the Government’s strategic focus on vigorously promoting socio-economic development while firmly ensuring national defense and security.
Specifically, the 13 prioritized investment sectors include:
- National Defense: Focusing on programs serving national security missions and search and rescue operations.
- Security and Order: Prioritizing projects that ensure social safety and crime prevention, contributing to a safe living environment for citizens.
- Education and Training: Investing in educational infrastructure at all levels, from preschool to university, to improve the quality of human resources.
- Science and Technology: Supporting the construction of research infrastructure and equipment, creating momentum for innovation and scientific and technological development.
- Healthcare: Increasing investment in facilities for the healthcare and public health sectors, aiming to enhance the quality of medical services for the people.
- Culture and Information: Focusing on the preservation and development of cultural and artistic heritage, while enhancing the role of the press in conveying information and shaping public opinion.
- Radio, Television, and News Agencies: Investing to serve political and social tasks and essential public interest activities, ensuring information is effectively transmitted to all segments of the population.
- Physical Education and Sports: Building infrastructure for physical education and sports activities, contributing to improving public health and national athletic achievements.
- Environmental Protection: Prioritizing projects that improve environmental conditions and effectively respond to climate change, aiming for sustainable development.
- The Economy: Concentrating investment in agriculture, industry, and commerce to drive economic growth and enhance national competitiveness.
- Activities of State Management Agencies: Upgrading workplaces and equipment for state agencies to create better working conditions and improve operational efficiency.
- Social Affairs: Renovating and upgrading infrastructure to serve people who have rendered meritorious services to the revolution and individuals in difficult circumstances, reflecting the state’s concern for social issues.
- Other Tasks, Programs, and Projects as per Legal Regulations: This includes upgrading workplaces and equipment for state agencies to ensure compliance with current regulations.
The MPI emphasizes that the ultimate goal of investing in these key sectors is to maximize the efficiency of state capital, creating strong momentum for the country’s sustainable development in the coming period. The public disclosure of the draft Decree and the broad solicitation of opinions from relevant parties demonstrate the Ministry’s transparency and accountability in the process of building and finalizing this important policy.
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