What are rights and responsibilities of all-level financial institutions regarding construction projects financed by public investments in Vietnam?
Hello Lawnet. I have a question about management of construction projects financed by public investments in Vietnam. What are rights and responsibilities of all-level financial institutions regarding construction projects financed by public investments in Vietnam? Thank you!
Pursuant to Clause 1 Article 10 of the Circular 107/2018/TT-BTC stipulating rights and responsibilities of all-level financial institutions regarding construction projects financed by public investments in Vietnam as follows:
- Collaborate with competent authorities in providing guidance on and inspecting payment and final accounts of investments in investment and construction projects financed by public investments of overseas Vietnamese bodies.
- Have the right to request the State Treasury and presiding ministries to provide documents, materials and information necessary to perform the tasks of state management of financing for investments, including documents serving the needs of inspection of distribution of investments and documents on reporting of implementation of plans and investments according to regulations on the reporting regime and materials serving the needs of audit of final accounts of investments in accordance with regulations in force.
- Implement regulations on inspection of distribution of investments under the provisions of Article 3 herein.
Above are rights and responsibilities of all-level financial institutions regarding construction projects financed by public investments in Vietnam.
Best regards!
