Vietnam: Conditions for projects to be allocated capital for medium-term public investment plan

Specifically, according to Article 10 of Decree No. 77/2015/NĐ-CP of Vietnam’s Government, programs and projects to be allocated capital for medium-term public investment plan must meet the following conditions:

- Satisfaction of conditions specified in Article 55 of the Law on Public Investment of Vietnam.

- For newly-commenced projects, in addition to meeting the provisions in Clause 1 of this Article, it is required to balance sufficient capital for project completion according to the time specified in Article 13 of this Decree.

- The order and procedures for formulation, appraisal and approval of policies on public investment program and project shall comply with the provisions of the Law on Public Investment and the Decrees of the Government guiding the implementation of Law on Public Investment of Vietnam.

The capital for investment preparation in the medium-term public investment plan is allocated from the state budget by decentralized management and the targeted additional capital from the higher-level budget and other legal capital sources to implement the contents specified in Clause 1, Article 57 of the Law on Public Investment of Vietnam.

The capital for implementation of projects in the medium-term public investment plan shall comply with the provisions specified in Clause 2, Article 57 of the Law on Public Investment of Vietnam. Moreover, the capital for project implementation is only allocated upon meeting the conditions specified in Article 10 of Decree No. 77/2015/NĐ-CP of Vietnam’s Government.

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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