Supplementation of functions of the Department of Planning and Investment of Vietnam

Supplementation of functions of the Department of Planning and Investment of Vietnam
Diễm My

On May 10, 2022, the Minister of Planning and Investment of Vietnam issued Circular 05/2022/TT-BKHDT guiding the functions, tasks and powers of the Department of Planning and Investment of Vietnam under the Provincial People's Committee and the Finance - Planning Department under the District People's Committee.

Accordingly, the provincial Departments of Planning and Investment of Vietnam have the function of advising and assisting the provincial People's Committees of Vietnam in state management on planning, plans and development investment, including:

- Mechanisms and policies in the economic fields, attracting investment resources, restructuring the economy, implementing new economic models and new business modes, coordinating the regional and inter-regional development; (Newly supplemented contents)

- To consolidate and uniformly manage matters related to enterprises, collective economy, cooperatives, private economy, households and other economic organizations; (Addition of households and other economic organizations)

- Socio-economic development plannings and plans;

- Public investment plan;

- Domestic investment and foreign investment in localities;

- Management of official development assistance (ODA), concessional loans from donors and non-refundable aid not belonging to official development assistance of foreign agencies, organizations and individuals;

- Bidding;

- Making business registration within their respective localities;

- Providers of public services under the state management of the Services as prescribed by law in Vietnam.

The circular No. 05/2022/TT-BKHDT dated July 20, 2022 and replaces the Joint Circular No. 21/2015/TTLT-BKHDT-BNV dated December 11, 2015.



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