Vietnam: Backing capital in the annual and medium-term public investment plan from November 01, 2015

15:31, 14/09/2015

This is a notable content of the Decree No. 77/2015/NĐ-CP of Vietnam’s Government on annual and medium-term public investment plans.

muc von du phong trong ke hoach dau tu cong trung han, Nghi dinh 77/2015/NĐ-CP

According to Article 7 of Decree No. 77/2015/NĐ-CP of Vietnam’s Government, the backing capital in the annual and medium-term public investment plan is implemented as follows:

a) For the national medium-term public investment plan, the Prime Minister shall provide for the backing capital based on each capital source.

b) For the medium-term public investment plan of the Ministries, central sectors and localities, the backing capital is 10% over the total medium planning capital based on each capital source.

The backing capital for dealing with the arising problems during the implementation of medium-term public investment plan is used in the following cases:

- Handling of price spiraling after the backing capital is used up within the approved total investment of each project as prescribed by law;

- Addition to the urgent project investment and newly-generated necessary projects and allocation of reciprocal capital to ODA programs and projects and preferential loan capital from foreign aid donors not included in the list of medium-term investment plan.

- Other urgent issues arising during the implementation of medium-term public investment plan.

View more details at the Decree No. 77/2015/NĐ-CP of Vietnam’s Government, effective from November 01, 2015.

Thu Ba

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