Calculating Financial Resources for the Medium-Term Public Investment Plan in Vietnam - A Data-Driven Approach

Abstract

This paper examines the calculation of financial resources for Vietnam’s medium-term public investment plan from a data-driven governance perspective. Drawing on the frameworks of public investment management and the Medium-Term Expenditure Framework (MTEF), the study reviews relevant literature and analyzes practical challenges in Vietnam. The findings show that current methods for calculating financial resources still rely heavily on budget ceilings, historical data, and administrative experience, while data on project demand, investment costs, implementation progress, and fiscal capacity remain fragmented and often inaccurate. These limitations lead to significant gaps between planning and implementation and reduce the effectiveness of public investment management. To address these issues, the paper proposes a data-driven approach that integrates project data, implementation schedules, and financial flows into medium-term resource planning.