Assessment of the Implementation of Basic Construction Investment Capital in 2013

Evaluation of the Implementation of Basic Construction Investment Capital in 2013 (Illustrative Image)

To be specific, in Article 3 of Circular 90/2013/TT-BTC, the evaluation of the allocation and implementation of basic construction investment capital in 2013 is stipulated as follows:

Regarding the evaluation of the allocation and assignment of basic construction investment expenditure estimates for 2013:

- Allocation and arrangement of basic construction investment capital in 2013 for the projects and works completed before the end of 2012; allocation of counterpart funds for ODA projects; projects and works completed in 2013, ongoing projects, and newly commenced projects.- Timing of allocation and planning assignment for investors (precisely match the assigned investment totals; domestic capital structure, foreign capital structure; economic sector structure).- Results of allocation for recovering advanced budget capital and paying basic construction investment debts from the state budget source.

Regarding the evaluation of the implementation of basic construction investment expenditure tasks in 2013:

- Evaluate the implementation status of the basic construction investment plan for 2013, including the value of implemented volumes by the end of Quarter II/2013, funds paid by the end of Quarter II/2013 (including payment for completed volumes and advance payment of investment capital), projected volumes to be implemented and funds paid by December 31, 2013; accompanied by a detailed appendix for each project, including data on approved total investment, cumulative payment up to the end of 2012, 2013 planned capital according to the above contents.- Evaluate the implementation status of programs and projects using official development assistance (ODA) funds: Disbursement progress of ODA funds and the ability to ensure counterpart funds.- Report the amount of expenditure reduction to recover and supplement central budget reserve and local budget reserve for the investment capital allocated in the estimate but by June 30, 2013, has not been allocated or allocated non-conformable; investment capital planned for 2013 allocated but by June 30, 2013, not yet implemented as per Directive 09/CT-TTg dated May 24, 2013, of the Prime Minister of the Government of Vietnam.- Evaluate the implementation status of projects extended for the 2012 budget year for payment until September 30, 2013, as per Notification 196/TB-VPCP dated May 17, 2013, of the Office of the Government of Vietnam.- Evaluate the implementation status of projects paid in advance in 2013 according to the decision of the competent authority.- Summarize and evaluate the status and results of handling outstanding basic construction investment debts according to Directive 27/CT-TTg dated October 10, 2012, of the Prime Minister of the Government of Vietnam; propose and recommend solutions to handle outstanding debts.- Evaluate the status of finalizing completed investment projects, clearly stating: the number of projects completed but not finalized according to regulations by the end of June 2013 and projected to the end of the year 2013; clearly state the project completion time but not yet finalized, causes, and proposed solutions.- Evaluate the status of mobilizing, recovering, and repaying various capital sources (including temporary advances from the State Treasury) to implement infrastructure investment projects and works.

For detailed information, see Circular 90/2013/TT-BTC, effective from August 14, 2013.

Le Vy

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