Ministries asked to review and revise policies on infrastructure development

Long Thành- Dầu Giây Highway. VNA/VNS Photo

Deputy Prime Minister Trần Hồng Hà has signed a decision to implement the plan for constructing a joined-up infrastructure system across Việt Nam, with plans to be in place by the end of 2024.

The plan is projected to transform the country into an industrialised nation, oriented towards modernity.

All organisations at local levels are being asked to combine forces to promote the development of regional, inter-regional and local connectivity infrastructure, narrowing regional and local disparities.

The plan outlines key tasks and solutions, which include continuing to effectively implement viewpoints, objectives, and development orientations for various infrastructure fields as per Resolution No. 13-NQ/TW and major solutions to develop a modern and synchronous infrastructure system with focus, priority on key areas and advanced steps ahead.

Ministries, branches and localities continue to thoroughly grasp and effectively implement the viewpoints, goals and orientations for synchronous and gradually modern infrastructure development associated with the organisation of national development space, regions and economic corridors according to the national master plan, regional plan, provincial plan and related plans under the management of their sectors, fields and localities.

They are also asked to continue to manage, exploit, and use the built infrastructure system effectively, promoting the development infrastructure, narrowing regional and local disparities as well as use land, water, forest and other resources rationally and efficiently.

According to the decision, management agencies will co-ordinate with other ministries, agencies and localities to review policies and laws related to infrastructure development that have shortcomings to present proposed amendments to the Prime Minister and the Government by the fourth quarter of 2025.

The Ministry of Planning and Investment will review and propose amendments to policies and laws related to public-private partnership (PPP) investment, detailing public investment-private management and private investment-public use models.

The completion target is the fourth quarter of 2024.

The Ministry of Natural Resources and Environment is in charge of reviewing, studying and proposing to the Prime Minister mechanisms and policies to shorten the compensation and land clearance process by the fourth quarter this year.

The Ministry of Finance is requested to review and propose amendments to policies and laws on State Budget management, infrastructure service pricing and fees management, and public asset management related to infrastructure development. This is to be completed by the second quarter of 2025.

The Ministry of Information and Communications has to review and propose amendments to policies and laws related to digital infrastructure, digital economy, and digital society development. This is targeted for completion by the fourth quarter this year.

The Ministry of Planning and Investment, in co-ordination with the Ministry of Finance will prioritise the allocation of State Budget capital for critical projects including projects of inter-regional impact, disaster prevention and sustainable economic development. They will also focus on projects that cannot recover capital or are difficult to attract investment from outside the State sector.

The Ministry of Finance will continue to study and mobilise appropriate ODA and concessional loans, improving their utilisation efficiency and ensuring the Government's repayment capacity. This will also involve developing the financial market to supply capital, persifying investment entities, and investment forms participating in the capital market.

The ministry will flexibly use the structure of public debt for deficit compensation, ensuring it stays within approved safety limits, aligned with the 10-year socio-economic development strategy for 2021-2030, to prioritise infrastructure investment.

The ministry is also asked to study and propose the establishment of an infrastructure development fund to the Prime Minister and the Government by the second quarter of 2025.

Ministries, sectors, localities, and units using capital will closely monitor disbursement progress as per the plan as well as evaluate, supervise, and inspect the management and use of capital, ensuring effective utilisation of resources for infrastructure development.