Adjustments to the Medium-Term Public Investment Plan for Central Budget Capital in the 2021-2025 Period
Specifically, a reduction of VND 3,096,187 billion was made in the medium-term plan for foreign-sourced central budget capital investment in the 2021-2025 period, which was previously allocated to the Ministry of Science and Technology. This reduction was made to correspondingly increase the medium-term plan for central budget capital investment in the same period for the Ministry of Foreign Affairs by VND 117,627 billion, and for the following localities: Yen Bai by VND 7,253 billion, Bac Kan by VND 22,147 billion, Phu Tho by VND 48,898 billion, Hai Duong by VND 75,584 billion, Nghe An by VND 589,298 billion, Ha Tinh by VND 162,4 billion, Quang Tri by VND 205,776 billion, Ninh Thuan by VND 62,1 billion, Ho Chi Minh City by VND 1,503,314 billion, and Hau Giang by VND 301,79 billion.
At the same time, a reduction of VND 6,038,954 billion was made in the medium-term plan for central budget capital investment in the 2021-2025 period for tasks and projects that had been assigned investment plans. This reduction was made to correspondingly increase the medium-term plan for central budget capital investment in the same period for tasks and projects within the purview of central ministries, agencies, and localities.
Allocation of Investment Capital from the Program for Socio-Economic Recovery and Development
The Decision clearly states: An allocation of VND 2,920,7 billion from the surplus of increased revenue, cost savings, and budget savings from the central budget in 2021, after implementing the policy of supporting housing rent for employees under the Program for Socio-Economic Recovery and Development, is to be distributed as follows: VND 2,420,7 billion to the Ministry of Health and VND 500 billion to Hanoi National University, in accordance with the total amount and sectoral and field structure stipulated in Resolution No. 43/2022/QH15 of the National Assembly.
At the same time, a list of projects and the corresponding central budget capital allocation plan under the Program for Socio-Economic Recovery and Development are to be provided to those projects that have met the investment procedures as stipulated and are eligible for capital allocation under the Program.
Supplement and Adjust Capital in Accordance with Regulations
The Deputy Prime Minister requested that the central ministries, agencies, and localities base their actions on the investment plan for central budget capital of the Program and the medium-term plan for central budget capital investment in the 2021-2025 period, which have been assigned, supplemented, and adjusted as mentioned above. They are to notify or decide on the detailed allocation of investment capital from the Program and the medium-term investment plan for their respective subordinate agencies and units, ensuring compliance with the Law on Public Investment and the resolutions of the National Assembly, and using the capital efficiently and effectively.
They are also to direct their subordinate units to urgently complete the approval procedures for investment decisions in accordance with the Law on Public Investment and related legal documents; and to take responsibility for completing the projects with reduced investment plans for the 2021-2025 period, ensuring compliance with the time frame specified in the Law on Public Investment. Furthermore, they must not propose to the competent authorities to supplement central budget capital for projects that have had their medium-term investment plans reduced for the 2021-2025 period.
Ensure Efficient Management and Utilization of Capital
The central ministries, agencies, and localities are to implement adjustments to the medium-term plan for central budget capital investment in the 2021-2025 period among the tasks and projects within their respective ministries, agencies, and localities, ensuring efficient management and utilization of capital.
They are to disburse the investment capital from the Program and the medium-term investment plan for central budget capital in the 2021-2025 period in accordance with the Law on Public Investment, the resolutions of the National Assembly, and related regulations. They are also to take responsibility before the Prime Minister, inspection and auditing agencies, and relevant agencies for the accuracy of the reported contents, project lists, and capital allocation for each project, ensuring compliance with legal regulations.
The most extensive bribery case ever in Thanh Hoa: Numerous suspects prosecuted for “Giving and Receiving Bribes”
The Provincial Security Investigation Agency (PSIA) of Thanh Hoa province announced on January 31st that it has made the decision to initiate a prosecution against 23 individuals in connection with the offenses of “Accepting bribes” and “Giving bribes” as stipulated in Article 354(3) and Article 364(2) of the Criminal Code.
Accelerating disbursement of the 120 trillion VND credit package for social housing
Deputy Prime Minister Trần Hồng Hà has recently issued directives regarding the implementation of the 120,000 billion VND credit package for investors and buyers of social housing, workers’ housing, and projects for the renovation and construction of apartment buildings.
“Prosecution of government officials, land registration officers, and tax department employees in the largest bribery case ever”
The Thanh Hoa Police Investigative Agency has initiated legal proceedings against 23 individuals involved in the crimes of “Bribery” and “Receiving bribes”. This is the largest bribery case in terms of the number of suspects ever discovered and apprehended by the Thanh Hoa Police.
The Power of Lizen: Consistently Winning Massive Bids
Lizen has achieved a significant milestone by successfully deploying and implementing major high-speed construction projects in 2023. The company’s revenue has reached 2,030.5 billion VND, which is twice the amount compared to 2022. However, the post-tax profit has reached its lowest point in the past 6 years, dropping down to only 118.3 billion VND.
Mobile World achieves revenue of VND118,000 trillion: TVs, tablets, and phones all decrease by 10% – 50%, while one product grows in both quantity and revenue.
Mobile World Investment Corporation (MWG) has recently announced its 2023 business results. According to the report, the company’s consolidated revenue reached over 118 trillion Vietnamese dong, equivalent to 89% of the revenue in 2022.
