Speaking at the conclusion of the NA Standing Committee’s 49th session yesterday, National Assembly Vice Chairman Nguyen Duc Hai said ministries, central agencies and localities must align funding with project progress and actual disbursement capacity, rather than repeatedly revising assigned plans.
He stressed that decisive solutions were needed to quickly allocate remaining funds and speed up disbursement, with transparency and strict measures to prevent corruption and waste.
The session focused on the allocation of increased central budget revenue from 2022, adjustments to the 2025 budget estimates, and revisions following the restructuring of ministries and local agencies.
Under the Government’s proposal, nearly VND1.93 trillion (US$72.9 million) from the 2022 budget surplus will be allocated to Lam Dong Province to develop the Bao Loc – Lien Khuong Expressway under a public–private partnership.
In addition, VND723 billion no longer needed by the Ministry of Finance and the Ministry of Construction will be reallocated to Quang Ngai and Lam Dong provinces.
The Government also proposed cutting VND3.27 trillion from nine ministries and three localities in 2025 to redistribute to other ministries and 13 provinces.
A further VND703 billion in foreign-sourced capital from the Ministry of Agriculture and Environment, before its merger, will be reassigned to Tuyen Quang, Ho Chi Minh City and Tay Ninh.
Other adjustments shift VND381 billion to the Ho Chi Minh National Academy of Politics, VND187.7 billion to three ministries, and smaller sums to the Ministries of Science and Technology and Public Security.
Presenting the verification report, Chairman of the NA Economic and Financial Committee Phan Van Mai confirmed support for the Government’s proposals, particularly the allocation of funds to Lam Dong for the expressway project. He said the proposed budget adjustments were consistent with current laws and NA resolutions.
The Economic and Financial Committee, together with the Committees for Legal and Judicial Affairs and the Ministry of Finance, has been tasked with refining the draft resolution before submission to the NA chairman for signing.
