Classification of plans for public investment in Vietnam according to current regulations

According to Article 49 of the Law on Public Investment 2014 of Vietnam, plans for public investment are classified as follows:

- The plans for public investment that are classified according to time limit include:

+ Medium-term plans for public investment that are formulated for 05 years and conformable with the 5-year-plans for socio-economic development;

+ Annual plans that are used for implementing the medium-term plans, balancing annual capital budget for public investment and conformable with the targets of the annual plans for socio-economic development.

- The plans for public investment that are classified according to decentralization include:

+ National plans for public investment;

+ Plans for public investment of Ministries and central authorities;

+ Plans for public investment of local authorities.

- The plans for public investment that are classified according capital sources include:

+ Investment plans funded by central budget, including investment in sectors and fields of Ministries, central authorities, central authorities of Vietnamese Fatherland Front, socio-political organizations, and other organizations and the projects on public investment funded by central budget for Ministries, regulatory authorities and local authorities;

+ Investment plans financed by local revenues from the State budget;

+ Investment plans financed by revenues which are retained but not recorded in the State budget balance;

+ Investment plans financed by funds derived from Government bonds;

+ Investment plan financed by loan capital from the State;

+ Investment plans financed by funds derived from municipal bonds and other loan capital from the local budget;

+ Investment plans financed by funds derived from ODA and overseas concessional loans.

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