Extending the time to allocate capital for projects of Vietnam Social Security

The Government has just issued Resolution 16/NQ-CP dated February 8, 2022 on extending the time for allocating capital for projects using capital from the lawful revenue for investment of Vietnam Social Security. .

Extending the time to allocate capital for projects of Vietnam Social Security

Extending the time to allocate capital for projects of Vietnam Social Security (Illustration image)

Accordingly, the Government assigned the General Director of Vietnam Social Insurance to decide the time to allocate capital to implement projects using capital from lawful revenue sources for transitional investment from the 2016-2020 period to the next phase. 2021 - 2025 in case the time limit for allocating capital is not met, up to the end of 2025;

Along with that, focus on prioritizing allocating capital for the early completion of these projects; take full responsibility for the investment efficiency of the projects.

For new construction projects in the period of 2021 - 2025, Vietnam Social Security shall prepare, appraise, approve and allocate capital plans in accordance with the provisions of the public investment law and other laws. relevant law.

The Ministry of Planning and Investment is fully responsible before the Prime Minister and relevant agencies for the contents of reports and proposals.

Simultaneously, the Government assigned the Ministry of Planning and Investment to assume the prime responsibility for, and coordinate with relevant ministries and agencies in, summarizing problems in the implementation of the provisions of the law on public investment, including the content of appraisal. the right to extend the time for allocating capital for projects using capital from lawful revenue sources of state agencies and public non-business units for investment in accordance with regulations, propose solutions to remove, report report to the competent authority as prescribed.

Resolution 16/NQ-CP takes effect from February 8, 2022.

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