Inspection, Examination, and State Audit in Investment Activities under the PPP Method

Inspection, audit, state audit in investment activities under PPP mode (illustration image)

This content is regulated in Articles 84, 85, and 86 of the Law on Public-Private Partnership Investment 2020 as follows:

1. Regarding the inspection of investment activities under PPP mode, the contents include:

- The contents of the inspection of investment activities under PPP mode include:

- Issuance of guidelines on investment under PPP mode by competent authorities;- Investment preparation; organization of investor selection; signing and implementation of contracts;- Other activities related to investment under PPP mode.

- Irregular inspections as decided by the head of the competent inspection authority.

2. Regarding the audit of investment activities under PPP mode:

- The audit of investment activities under PPP mode is a specialized audit in accordance with the law on auditing.- The audit of investment activities under PPP mode is carried out for competent authorities, contracting authorities, investors, PPP project enterprises, and related agencies, organizations, and individuals as stipulated in this Law.

3. Regarding the state audit in investment activities under PPP mode:

- Auditing the management and use of public finance, public assets, and activities related to the management and use of public finance and public assets involved in PPP projects in accordance with the law on state audit.- Auditing during the implementation of revenue increase/decrease sharing mechanisms as stipulated in Article 82 of this Law.- Auditing the entire asset value of the PPP project when transferred to the State.

More details can be found in the Law on Public-Private Partnership Investment 2020, effective from January 1, 2021.

Thanh Thao

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