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On the morning of April 24, during the closing session of the First Session of the 16th National Assembly, under the leadership of Acting Chairman Đỗ Văn Chiến, the National Assembly voted to approve the Resolution on the mid-term public investment plan for 2026–2030. The voting results showed 482 out of 484 deputies in attendance voting in favor, representing 96.40% of the total number of deputies, officially approving the Resolution. Before the vote, Ngo Văn Tuấn, Minister of Finance, on behalf of the Prime Minister, presented a summarized explanatory report, reception, and revision of the draft Resolution. The Resolution on the mid-term public investment plan for 2026–2030 comprises eight articles, clearly specifying the objectives and directions for using public investment capital to improve efficiency, broaden spillovers, and lead in attracting external resources for development investment. The plan aims to drive two-digit economic growth while maintaining macroeconomic stability; to complete a synchronized, modern infrastructure system; to ensure social welfare, national defense, and security. The Resolution also emphasizes reforming public investment management, implementing allocation and management of capital based on evaluating economic-social efficiency and the level of improvement in living standards and social welfare enjoyed by the people; ensuring a reasonable investment structure and regional balance, prioritizing dynamic regions, mountainous and border areas, island areas, ethnic minority regions, and areas with particularly difficult socio-economic conditions. The share of development investment is expected to account for about 40% of total state budget expenditure and about 20–22% of total social investment. Regarding allocation, the total public investment capital for 2026–2030 is 8.22 quadrillion VND, of which central budget funds are 3.8 quadrillion VND and local budgets are 4.42 quadrillion VND. The resolution also calls for prioritizing national-level strategic projects, key projects, and tasks under the Action Program implementing the 14th Party Congress resolutions, as well as projects under the Politburo's strategic directions. In terms of implementation, the document calls for continuing to review and improve public investment laws; focusing on capital allocation, avoiding dispersion and fragmentation. The central budget should concentrate on strategic infrastructure, cross-regional and international connectivity, and breakthrough projects; local budgets should actively decide investments according to planning and capital balance, tied to local responsibilities. The resolution also sets a target to decentralize and delegate authority, reduce at least 30% of the number of projects compared with the 2021–2025 period; improve the quality of project preparation, tighten discipline, strengthen monitoring and post-implementation inspection, and strictly handle violations; thereby enhancing coordination between public investment and private investment to mobilize resources for socio-economic development in the coming period.
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