Vietnam: Notes on finalization of completed projects funded with State capital

Thu Hien

09:40, 21/05/2018

Circular No. 09/2016/TT-BTC issued by the Ministry of Finance of Vietnam on January 18, 2016 shall be applied from March 05, 2016, which has specified some notes on finalization of completed projects funded with State capital.

Specifically, according to the Circular No. 09/2016/TT-BTC of the Ministry of Finance of Vietnam, a financial statement shall be fully and accurately specify:

- Sources of funding in detail;

- Total investment and cost breakdown (costs of compensation, relocation, construction, equipment, project management, consulting and others);

- Costs of compensation for damage occurred in the process of investment;

- Expenses allowed not to be included in the value of assets derived from investment

- Values of assets derived from the investment.

Issued together with Circular No. 09/2016/TT-BTC are the following specimens of financial statements:

- For completed projects, completed independent work items and canceled projects whose construction workload and equipment installed thereof are accepted, forms 01, 02, 03, 04, 05, 06, 07/QTDA attached hereto shall be applicable.

- For projects financed with the development investment fund (if any) and canceled projects none of its construction work and equipment installed thereof are accepted, forms 03, 07 and 08/QTDA attached hereto shall be applicable.

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