On October 24, 2016, the Vietnam Ministry of Agriculture and Rural Development issued Circular 32/2016/TT-BNNPTNT stipulating the settlement of completed projects funded by state capital under the management of the Ministry of Agriculture and Rural Development.
The time limit for submitting documents on settlement of a completed project in Vietnam is calculated from the date of signing the handover minutes for use; the time for verification and approval is calculated from the date the verification agency receives full documents from the investor. The maximum time limit is specified as follows:
Unit: months
Project Type | Maximum time limit for submitting documents on settlement of projects for approval (including audit time) | Maximum time limit for verification and approval |
Projects of national significance | 09 | 07 |
Group A projects | 09 | 04 |
Group B projects | 06 | 02 |
Group C projects | 03 | 01 |
The power to approve the settlement may be found in Circular 32/2016/TT-BNNPTNT effective from December 15, 2016.
- Thanh Lam -
Address: | 19 Nguyen Gia Thieu, Vo Thi Sau Ward, District 3, Ho Chi Minh City |
Phone: | (028) 7302 2286 |
E-mail: | info@lawnet.vn |