09:53 | 05/09/2024

Approval Authority for Final Settlement of Projects Utilizing State Capital Sources

Regarding regulations on the finalization of projects using state funds. Inquiry: Which authority is responsible for approving the finalization of projects using state funds? Looking forward to an early response.

Authority for Approval of Final Settlement of Projects Using State Capital as Stipulated in Clause 1, Article 8 of Circular 10/2020/TT-BTC. Specifically:

- For national important projects and other important projects decided by the Prime Minister of the Government of Vietnam to invest:

+ Projects or sub-projects using state budget capital: The head of the ministry, central agency, state corporation, or general state company shall approve the final settlement for projects or sub-projects assigned to the ministry, central agency, state corporation, or general state company for management. The Chairman of the Provincial People's Committee shall approve the final settlement for projects or sub-projects assigned to the provincial level for management. The Chairman of the District People's Committee shall approve the final settlement for projects or sub-projects assigned to the district level for management.

+ Sub-projects not using state budget capital: The investor shall approve the final settlement of the project.

- For the remaining projects: The person with the authority to decide on the investment project approval is the person with the authority to approve the final settlement of the completed project or may authorize the head of the immediately lower-level agency to approve the final settlement of the completed project.

Respectfully.

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