Vietnam: Contents of supervision by investment deciders for investment projects funded by non-public investment state capital

Article 64 of Decree 29/2021/ND-CP stipulates the contents of supervision by investment deciders for investment projects funded by non-public investment state capital in Vietnam as follows:

1. Monitoring contents:

a) Adherence to reporting regulations by investors;

b) Execution of the project: progress; implementation of the capital investment plan; disbursement, financial statement after the project is complete; outstanding debts accruing from capital construction activities (if any) and settlement thereof; difficulties that affect the project execution and results of resolution thereto;

c) Operation of the project; primary difficulties that arise affect project operation and results of resolution thereto;

d) Adherence to regulations on environmental protection, use of land and natural resources as prescribed;

dd) Performance of other tasks specified in decisions on investment in projects;

e) Implementation of measures by investors;

g) Proposed plans for resolving difficulties and issues beyond the competence as prescribed.

2. Inspection contents:

a) Adherence to regulations on supervision and assessment of investment; bidding; compensation for land clearance and relocation; use of capital and other resources; distribution of capital, disbursement, payment, statement of investment capital; settlement of difficulties that arise during the project execution; acceptance and inauguration of the project; management and operation of the project; environmental protection, use of land and natural resources (if any);

b) Project management;

c) Projects’ progress;

d) Management and operation of projects;

dd) Implementation of measures for resolving discovered issues.

Respectfully!