Nghe An 's public investment plan for 2025 to be reviewed

Under Document No. 4631/UBND-KT, issued recently by the Nghe a provincial People's Committee, relevant departments, agencies and localities in the central province, based on the achievements in the implementation of the public investment plan in the first half of 2024, will have to assess the progress of the plan as well as its impact on the local socio-economic development in the whole year.

Additionally, they are also required to identify difficulties and obstacles, if any, relating to the disbursement of the 2024 public investment capital, and propose solutions and recommendations for successful implementation of the plan.

According to the document, the public investment capital for 2025 will be allocated on the basis of the evaluation of the implementation and disbursement capabilities of each project and task.

For foreign capital, besides complying with the Law on Public Investment and related documents, the plan allocation must align with agreements and commitments from donors.

Proposed project lists must be attached to the approved 2021-2025 medium-term public investment plan; while the list of proposed adjustments to the 2021-2025 public investment plan will be submitted by the Nghe a Provincial People’s Committee to the Ministry of Planning and Investment (MPI) for consideration.

After allocating sufficient capital for priority tasks and projects, remaining funds will then be allocated for new projects that have completed investment procedures. In cases where the investment procedures for new projects have not been completed at the time of planning for capital allocation, agencies, units, and localities must commit  to finalizing these procedures, if they want to have detailed capital allocation plans assigned for 2025.