Legal Counselling

Appraisal of funding sources for implementation of small-scale group-C projects in Vietnam

15:22, 24/12/2016

On December 02, 2016, the Government of Vietnam issued Decree No. 161/2016/NĐ-CP stipulating a special mechanism for construction investment management of a number of projects under national target programs during 2016-2020.

According to Decree No. 161/2016/ND-CP of Vietnam’s Government, a provincial-level People’s Committee shall appraise funding sources and the capacity to allocate funds from the central budget for the list of small-scale group-C projects and prepare an appraisal report.

A general appraisal report must specify:

- Funding sources: Projects’ conformity with funding sources, objectives and target beneficiaries of the program;

- Fund balancing: The capability to allocate capital from the total capital of the program’s medium-term or annual investment plan for projects arranged in the order of priority as prescribed by law;

- The list of appraised projects: name of project, location, size and total investment capital (central budget, local budget, people’s contributions and other sources), duration and form of implementation.

View more details at the Decree No. 161/2016/ND-CP of Vietnam’s Government, effective from December 02, 2016.

- Thanh Lam -

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