Vietnam: 12 contents of the assessment of public investment projects without construction components in foreign countries

According to Decree No. 40/2020/NĐ-CP of Vietnam’s Government, assessment of public investment projects without construction components in foreign countries shall focus on the followings:

- Conformance of components of application or request documentation for assessment to laws;

- Conformity of public investment projects with investment policies approved by competent authorities;

- Investment necessity;

- Relevance of public investment projects to planning schemes provided in host countries’ domestic laws;

- Relevance of project objectives and size;

- Factors related to natural conditions, economic conditions and selection of project sites;

- Factors related to security and environment;

- Site clearance plans (if any);

- Proposed schedule of project implementation; timeline displaying main investment milestones;

- Determination of total investment capital;

- Organizational form for project management;

- Appropriacy in terms of funding source and capacity to balance investment capital; correlation between total investment capital and balancing of capital specified in the medium-term and annual public investment plans; the structure of investment funding sources and capacity to balance public investment funds.

Besides, Decree No. 40/2020/NĐ-CP also specifies that feasibility study reports of public investment projects without construction components in foreign countries shall include the following main contents:

- Necessity of the investment;

- Relevance of the public investment project to the related planning scheme provided in the host country’s domestic laws;

- Analysis and determination of objectives and selection of the appropriate size of a public investment project;

- Analysis of natural conditions, economic conditions and selection of the public investment project site;

- Factors related to security and environment;

- Site clearance plan (if any);

- Proposed schedule of implementation of the public investment project; the timeline displaying main milestones of the investment;

- Determination of total investment capital and funding structure;

- Project management activities, including identification of the project owner, analysis and selection of organizational form for project management;

- Analysis of socio-economic effectiveness.

Tasks or workload involved in public investment projects with construction components of Vietnam’s overseas representative missions shall be subject to the Government’s regulations on management of public investment projects of overseas representative missions of the Socialist Republic of Vietnam and other relevant laws. Tasks or workload involved in public investment projects with construction components of Vietnam’s overseas representative missions shall be subject to the Government’s regulations on management of public investment projects of overseas representative missions of the Socialist Republic of Vietnam and other relevant laws.

View more details at Decree No. 40/2020/NĐ-CP of Vietnam’s Government, effective from April 06, 2020.

Le Hai

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