Vietnam's Finance Ministry eases budget rules to accelerate rural development projects
The Ministry of Finance (MoF) has issued new guidelines to improve the use of national target program funds. Local authorities can now carry over unspent 2025 budgets into 2026, with disbursement allowed until December 31. The move aims to boost efficiency and ensure timely completion of key projects across provinces like Quang Nam, Soc Trang, and Lao Cai. The MoF has called on provincial and municipal governments to review project objectives, assess needs, and prepare investment dossiers. This push ensures full disbursement of funds in 2026, avoiding delays and improving outcomes. Localities must also work closely with the State Treasury to manage fund transfers smoothly.
Quang Nam province has already linked national target programs to investment planning, reducing delays and completing rural infrastructure. These efforts have transformed rural areas and raised living standards. Similarly, Soc Trang has adjusted or halted unsuitable projects while integrating funding sources to better support ethnic minority communities. Lao Cai has decentralised funds to commune-level authorities, ensuring infrastructure projects stay on schedule. The province's approach has directly benefited ethnic minority groups. Meanwhile, the MoF is prioritising the **National Target Program for Cultural Development (2025-2035)**, with Phase I running until 2030. Three other programs—**New Rural Development**, **Sustainable Poverty Reduction**, and **Socio-Economic Development of Ethnic Minorities and Mountainous Areas**—will merge and continue under a 2026-2035 plan. The changes aim to shift production methods toward more effective economic models. This creates sustainable livelihoods while generating local employment, particularly for low-skilled workers and ethnic minorities. The two-tier government system also requires administrative adjustments to streamline budget management for these programs.
The MoF's guidance allows unused 2025 funds to be carried into 2026, with a December 31 deadline for spending. Provinces must now focus on completing tasks from the 2021-2025 period while preparing for new investments. The reforms seek to improve capital efficiency, support rural development, and strengthen economic opportunities for vulnerable groups.
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