The National Assembly adopts a resolution on adjustments to the medium-term public investment plan until 2020 with 89.48 percent of votes on November 12, 2018.(Photo: quochoi.vn)

Total foreign capital in medium-term public investment will be up from 13 billion USD to a maximum of 15.5 billion USD, while domestic capital will be reduced correspondingly to meet disbursement requirements of projects using foreign capital. Capital for important national projects is reduced to 3 billion USD from the initial 3.4 billion USD. 430 million USD from the adjustment will be allocated to projects on natural disaster prevention and mitigation, strengthening dykes, dealing with riverbank and coastline erosion, and relocating residents of areas with a high risk of flash flood or landslide.

Nguyen Duc Hai, Chairman of the NA Committee for Finance and Budget, said: “The adjustment will help address the lack of capital and several urgent problems that arose during implementation of projects in the mid-term investment plan.”

The deputies also discussed the revised Law on Tax Management and the revised Law on Public Investment, and adopted a resolution ratifying the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.