With the promulgation of Presidential Decree No. 107 on 24 January 1973, the National Economic and Development Authority (NEDA) was created with a Regional Office each for the eleven (11) administrative regions defined in the Integrated Reorganization Plan, (subsequently increase to twelve under Presidential Decree No. 742) NEDA Regional Office V (NRO V) or termed as NEDA 5 of which is now based in Arimbay, Legazpi City.

   Through the years, NRO V staff complement grew to 38 distributed among its three (3) divisions namely: Administrative, Plan Formulation and Program Coordination Divisions. With the reorganization of the government in 1987, Executive Order No. 230 was signed into law reorganizing the National Economic and Development Authority. The reorganization of the entire NEDA bureaucracy took effect on 16 February 1988. For Region V, authorized plantilla of personnel totaled to 61 for four (4) technical divisions: (Macro-Intersectoral Coordinating and Assistance Division (MICAD), Economic Development Division (EDD), Social Development Division (SDD), and Infrastructure Development Division (IDD)) and one (1) Operations Division. In June 1992, however, with the effectivity of RA 7430, otherwise known as the "Attrition Law," five positions were put on hold thereby leaving to 56 positions authorized to be filled up.