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| Ministries, branches and localities all have large investment needs in the 2026-2030 period. Photo: Duc Thanh |
Huge investment demand for double-digit growth period
The first drafts of the Medium-Term Public Investment Plan 2026-2030 have begun to be made. Accordingly, it is expected that a "huge" resource will be invested in this period, when the economy begins to enter a double-digit growth period to accelerate development.
The report of the Ministry of Finance shows that, through synthesis, the preliminary investment demand for the period 2026-2030 of ministries, branches and localities is about 8.75 million billion VND. Of which, the central budget is nearly 5 million billion VND, the local budget is over 3.755 million billion VND. This investment demand is very large, especially when compared with 2.87 million billion VND of the Medium-term Public Investment Plan 2021-2025.
It is understandable that ministries, branches and localities all have large investment needs in the period 2026-2030, a period of strategic significance in the development breakthrough of localities in particular and the entire economy in general. For example, Hai Phong City has an investment need of up to 198,345 billion VND in the period 2025-2030.
In a recent meeting with Vice Chairman of the National Assembly Nguyen Duc Hai, the leaders of Hai Phong City proposed that the National Assembly, the Government and ministries and branches pay attention to increasing the annual public investment capital to ensure the high growth target of the City in the period of 2026 - 2030. In particular, in 2026 alone, the investment demand is about 35,107.5 billion VND.
Meanwhile, Quang Ngai needs to invest over 41,500 billion VND. Da Nang needs 118,000 billion VND. Phu Tho needs to invest over 108,000 billion VND (central budget capital is over 34,246 billion VND, local budget capital is over 73,877 billion VND).
On the day Phu Tho held a meeting to discuss the development of the 2026-2030 Medium-Term Public Investment Plan, Chairman of Phu Tho Provincial People's Committee, Mr. Tran Duy Dong, emphasized that public investment is considered a "locomotive" for the economy, especially in periods when growth needs to be stimulated. Through public investment, state budget capital will activate and mobilize investment resources from the whole society, promoting public-private cooperation in strategic infrastructure development.
“Therefore, the development of the Medium-Term Public Investment Plan for the period 2026 - 2030 is an important task, of key significance to create a strategic breakthrough in socio-economic development in the next 5 years. This is one of the driving forces to achieve the double-digit growth target,” the Chairman of the People’s Committee of Phu Tho province emphasized.
When drafting the Medium-Term Public Investment Plan 2026-2030, the Ministry of Finance also emphasized promoting the role of public investment - one of the most important driving forces for growth.
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Capital arrangement with focus, key points
In the 2026-2030 period, according to the Ministry of Finance, the demand for investment in key national projects, such as the North-South high-speed railway projects, the Lao Cai-Hanoi-Hai Phong railway line, urban railway lines in Hanoi and Ho Chi Minh City, road projects to achieve the target of 5,000 km of highways by 2030... is very large.
Based on the National 5-year Public Finance Plan Report, the Ministry of Finance believes that the expected ability to balance the state budget for development investment in the 2026-2030 period is about 8.5 million billion VND, but the principles have been set. That is, the capital arrangement must be focused, not spread out, giving priority to national target programs, important national projects, special public investment projects, urgent public investment projects...
In May 2025, at the Conference on Promoting Public Investment, Prime Minister Pham Minh Chinh directed that the medium-term public investment plan for the next term will only allocate less than 3,000 projects, ensuring that they are not spread out. This spirit has been thoroughly implemented in the Draft Medium-Term Public Investment Plan 2026-2030, which the Ministry of Finance is developing.
Accordingly, the total number of projects using central budget capital in this period is not more than 3,000 projects, of which the proposal does not include projects under national target programs, projects in the fields of science, technology, innovation and digital transformation.
Currently, localities are also following this spirit when developing the province's Medium-Term Public Investment Plan 2026-2030. Chairman of the Quang Ngai Provincial People's Committee Nguyen Hoang Giang has requested the Department of Finance to review resources and clearly determine the ability to balance capital sources to develop a Medium-Term Public Investment Plan that is realistic, feasible, and meets the socio-economic development requirements of the province. At the same time, review the list of registered projects to avoid missing necessary projects, but also eliminate overlapping and unnecessary projects.
Good project selection and preparation, and focused capital allocation are among the important factors contributing to the positive results of the implementation of the 2021-2025 Medium-Term Public Investment Plan. In this medium-term period, although the initial allocated resources were 2.87 million VND, in the end, with additional resources from the Socio-Economic Recovery and Development Program, central budget reserves, mobilization from local budgets, etc., about 3.043 million billion VND were allocated.
If 100% of the plan is disbursed by 2025, the total public investment resources disbursed in the 2021-2025 period will reach more than VND 3,026 trillion. Public investment resources have been put into the economy, effectively promoted, and directly contributed to the socio-economic development of the country.
Source: https://baodautu.vn/dau-tu-cong-trung-han-bo-tri-von-dau-tu-tap-trung-khong-dan-trai-d389761.html
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