Criteria for classifying public investment projects under Group A in Vietnam from January 01, 2025

Criteria for classifying public investment projects under Group A in Vietnam from January 01, 2025​ (Image from the Internet)

On November 29, 2024, the National Assembly of Vietnam passed the Public Investment Law 2024.

Criteria for classifying public investment projects under Group A in Vietnam from January 01, 2025

According to Article 9 of the Public Investment Law 2024, public investment projects classified under Group A in Vietnam will be based on the following criteria:

(1) Projects regardless of total investment level falling within one of the following cases:

- Projects producing toxic substances, explosives, except projects in the defense and security sectors;

- Projects for infrastructure in industrial zones, export processing zones, and high-tech zones;

(2) Projects with a total investment of VND 4,600 billion or more in the following fields:

- Transportation, including bridges, seaports, river ports, airports, railways, national highways;

- Electric industry;

- Oil and gas extraction;

- Chemicals, fertilizers, cement;

- Machinery manufacturing, metallurgy;

- Mineral exploration and processing;

- Residential area construction;

(3) Projects with a total investment of VND 3,000 billion or more in the following fields:

- Transportation, except projects stipulated in point a, clause 2, Article 9, of the Public Investment Law 2024;

- Irrigation, natural disaster prevention;

- Water supply and drainage, waste treatment, and other technical infrastructure projects;

- Electrical engineering;

- Production of information and electronic equipment;

- Pharmaceutical chemistry;

- Material production, except projects specified in point d, clause 2, Article 9 of the Public Investment Law 2024;

- Mechanical works, except projects specified in point e, clause 2, Article 9 of the Public Investment Law 2024;

- Postal services, telecommunications;

(4) Projects with a total investment of VND 2,000 billion or more in the following fields:

- Agricultural, forestry, salt, aquaculture production;

- National parks, nature conservation areas;

- New urban area technical infrastructure;

- Industry, except projects in the industrial fields specified in (1), (2), and (3);

(5) Projects with a total investment of VND 1,600 billion or more in the following fields:

- Health, culture, society, information, education;

- Scientific research, environment, information technology, broadcasting, television, finance, banking;

- Warehousing;

- Tourism, physical training, sports;

- Civil construction, except residential area construction specified in point g, clause 2 of this Article;

- Projects in defense and security, except projects specified in (1), (2), (3), and (4).

Note: The above-mentioned public investment projects do not belong to national important projects. A national important project is an independent investment project or a cluster of projects tightly linked together under one of the following criteria:

- Using public investment capital of VND 30,000 billion or more;

- A large impact on the environment or potential for severe environmental impacts, including:

+ Nuclear power plant;

+ Using land that requires a conversion of the special-use forest land purpose from 50 hectares or more; upstream protective forest, border protective forest from 50 hectares or more; wind, sand, wave break protective forest, sea encroachment from 500 hectares or more; production forest from 1,000 hectares or more;

- Using land requiring conversion of particularly protective rice cultivation land from two crops or more with a scale of 500 hectares or more;

- Relocation and resettlement of 20,000 people or more in mountainous areas, from 50,000 people or more in other areas;

- Projects requiring the application of special mechanisms and policies that need to be decided by the National Assembly.

More details can be found in the Public Investment Law 2024 effective from January 1, 2025.

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