Ho Chi Minh City tightens the application of the 1-3-7 formula to effectively disburse public investment.

The 1-3-7 formula in public investment disbursement of Ho Chi Minh City is to receive and assign staff within 1 day, coordinate processing within 3 days, maximum 7 days.

The 1-3-7 formula in public investment disbursement of Ho Chi Minh City is to receive and assign staff within 1 day, coordinate processing within 3 days, maximum 7 days.

At a recent meeting on the assignment of the 2025 Public Investment Plan, Chairman of the Ho Chi Minh City People's Committee Phan Van Mai requested relevant departments and branches to strictly implement the 1-3-7 formula, that is, when the investor submits the application, the department and branch will continuously receive and assign staff within 1 day, coordinate processing within 3 days, and in cases requiring more time, it will take 7 days.

The Ho Chi Minh City People's Committee also assigned the Department of Home Affairs Inspectorate to inspect this matter. If any unit does not comply, it will be subject to public service.

In 2025, Ho Chi Minh City will achieve the target of 95% public investment disbursement.

In 2025, Ho Chi Minh City strives to disburse public investment at a rate of 95%. Previously, the Department of Planning and Investment advised the City People's Committee to submit to the People's Council for approval the public investment capital plan for 2025 with a total capital of VND 84,149,052 billion, of which the central budget capital is VND 3,237,492 billion and the local budget capital is VND 80,911.56 billion.

On that basis, the Department of Planning and Investment has advised the Ho Chi Minh City People's Committee to assign and allocate detailed public investment plans for 2025. Accordingly, the detailed capital allocation is 67,395,860 billion VND, of which the central budget capital is 3,237,492 billion VND, the local budget capital is 64,158,368 billion VND, and the local budget reserve is 16,753,192 billion VND.

It is known that in 2024, the total public investment capital assigned by the Prime Minister to Ho Chi Minh City to disburse is 79,263,776 billion VND. By the end of the 2024 planning year (January 2025), the City has disbursed about 60,080 billion VND, reaching a rate of 75.8%.

Source: https://baodautu.vn/tphcm-siet-viec-ap-dung-cong-thuc-1-3-7-de-giai-ngan-dau-tu-cong-hieu-qua-d242133.html