Authority for Appraisal of State Budget Funded Projects

15:48, 11/07/2024

According to Article 9 of Circular 09/2016/TT-BTC, which stipulates the authority for approval and the agency for final account verification, it is regulated that for projects not using public investment capital, the investor approves the final account. The person with the authority to approve the final account assigns a functional unit under their management to organize the final account verification for the completed project before approval.I would like to ask: For state-owned enterprises (100% state capital), for projects where the investment decision falls under the authority of the enterprise (Chairman cum Director), who has the authority to approve the final account? Which department within the enterprise is responsible for the final account verification? I have read but am not clear. Thank you.

Response:

According to the provisions of Article 9 of Circular 09/2016/TT-BTC dated January 18, 2016, of the Ministry of Finance, apart from national important projects and other important projects decided by the Prime Minister of the Government of Vietnam, the person deciding the investment is the one approving the final settlement of the completed project; concurrently, at Point c Clause 2 Article 9 stipulates: “For the remaining projects: The competent authority approving the final settlement assigns a functional unit under management to organize the audit of the project’s final settlement before approval.”

Thus, for projects invested by state-owned enterprises, the competent authority approving the final settlement assigns a functional unit under the management of the enterprise to organize the audit of the final settlement before approval.

According to the Ministry of Finance's electronic portal

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