Capital should be prioritized for overcoming natural disaster consequences
VGP – Prime Minister Nguyen Xuan Phuc presided over
a meeting on Tuesday to discuss how to allocate VND 10 trillion from the
mid-term public investment plan for 2016-2020.
PM Nguyen Xuan Phuc addresses at the Government meeting
on medium-term public investment plan for 2016-2020, Ha Noi, August 13, 2019 -
Photo: VGP/Quang Hieu
The Government chief said that the capital should be
prioritized for disadvantaged provinces and urgent projects, especially
those designed to overcome consequences of national disasters, including
landslides in the Mekong Delta and northern moutainous provinces
The capital allocation plan for the two aforesaid
regions must be clear and transparent based on careful evaluation, Phuc
As required by law, the allocation plan will be
submitted to the National Assembly Standing Committee for approval.
Earlier in 2016, the National Assembly adopted
Resolution No. 26/2016/QH14 approving the first-ever mid-term public
investment plan with aggregate investment capital of VND 2,000 trillion for
the period of 2016-2020.
The total figure includes VND 1,120 trillion from
central budget and VND 880 trillion local budget, according to the
The Government is responsible for designing a list
of public investment projects and report to the Legislature for decision.
The same day, Phuc also chaired a meeting to discuss
credit matters for construction of two expressways, Huu Nghi-Chi Lang (Lang
Son province) and Dong Dang (Lang Son province)-Tra Linh (Cao Bang
The two expressways are expected to help shorten
travel time from Ha Noi to Cao Bang to 2-2.5 hours from the current 5.5-6