What are criteria for classifying Group B projects in Vietnam? What are the main contents of the Report for proposing investment policy for Group B projects in Vietnam?
What are criteria for classifying Group B projects in Vietnam?
Based on Article 10 of the Public Investment Law 2024 stipulating the criteria for classifying Group B projects:
Article 10. Criteria for Classifying Group B Projects
- Projects in the fields specified in Clause 2, Article 9 of this Law with a total investment from 240 billion VND to less than 4,600 billion VND.
- Projects in the fields specified in Clause 3, Article 9 of this Law with a total investment from 160 billion VND to less than 3,000 billion VND.
- Projects in the fields specified in Clause 4, Article 9 of this Law with a total investment from 120 billion VND to less than 2,000 billion VND.
- Projects in the fields specified in Clause 5, Article 9 of this Law with a total investment from 90 billion VND to less than 1,600 billion VND.
According to the above provisions, the criteria for classifying Group B projects are as follows:
[1] Projects in the following fields with total investment from 240 billion VND to less than 4,600 billion VND:
- Transportation, including bridges, seaports, river ports, airports, railways, national highways
- Electric industry
- Oil and gas extraction
- Chemicals, fertilizers, cement
- Machinery manufacturing, metallurgy
- Mining and mineral processing
- Housing construction
[2] Projects in the following fields with total investment from 160 billion VND to less than 3,000 billion VND:
- Transportation, excluding projects on bridges, seaports, river ports, airports, railways, national highways
- Irrigation, disaster prevention
- Water supply and drainage, waste treatment, and other technical infrastructure works
- Electrical engineering
- Information and electronics equipment manufacturing
- Pharmaceutical chemistry
- Material production, excluding projects related to chemicals, fertilizers, cement
- Mechanical works, excluding machinery manufacturing, metallurgy projects
- Post and telecommunications
[3] Projects in the following fields with total investment from 120 billion VND to less than 2,000 billion VND:
- Agricultural, forestry, salt production, aquaculture
- National parks, nature reserves
- New urban area technical infrastructure
- Industry
[4] Projects in the following fields with total investment from 90 billion VND to less than 1,600 billion VND:
- Health, culture, society, information, education
- Scientific research, environment, information technology, broadcasting, television, finance, banking
- Warehousing
- Tourism, physical training, and sports
- Civil construction, excluding residential projects as specified in Point g, Clause 2 of this Article
- Projects in the field of national defense
What are criteria for classifying Group B projects in Vietnam? What are the main contents of the Report for proposing investment policy for Group B projects in Vietnam? (Image from the Internet)
Which Group B project investment policy are under jurisdiction by the Provincial People's Committee in Vietnam?
Based on Clause 7, Article 18 of the Public Investment Law 2024, it is stipulated that the Provincial People's Committee decides on the following investment projects:
- Group B projects using local budget funds, including additional funds with specific targets from higher-level budgets, and legitimate local funds managed by their level
- Group B projects implemented across at least 02 provincial administrative units under the management of the Provincial People's Committee as the supervisory authority according to the decision of the Prime Minister
- Group B projects using ODA funds, preferential foreign loans
What are the main contents of the Report for proposing investment policy for Group B projects in Vietnam?
Based on Article 35 of the Public Investment Law 2024 stipulating the main contents of the report proposing investment policy for Group B and Group C projects:
Article 35. Main Contents of the Report Proposing Investment Policy for Group B and Group C Projects
The main contents of the report proposing investment policy for Group B and Group C projects include:
- The necessity for investment, conditions to implement investment, assessment of conformity with related planning as stipulated by planning law;
- Objectives, scale, location, and scope of investment;
- Estimated total investment and structure of investment capital, ability to balance public investment capital, and mobilize other funds and resources to implement the project;
- Proposed implementation schedule, proposed capital allocation plan suitable to actual conditions and capability to mobilize resources in a reasonable priority order, ensuring focused and efficient investment;
[...]
Thus, the main contents of the report proposing investment policy for Group B projects are as follows:
- The necessity for investment, conditions to implement investment, assessment of conformity with related planning as stipulated by planning law
- Objectives, scale, location, and scope of investment
- Estimated total investment and structure of investment capital, ability to balance public investment capital, and mobilize other funds and resources to implement the project
- Proposed implementation schedule, proposed capital allocation plan suitable to actual conditions and capability to mobilize resources in a reasonable priority order, ensuring focused and efficient investment
- Preliminary identification of related costs during implementation and operational costs after project completion
- Preliminary analysis and evaluation of environmental and social impacts; preliminary determination of investment efficiency in socio-economic terms
- Breakdown of component projects (if any)
- Implementation organization solutions
