Vietnam: Order to formulate the annual investment plan from the development investment credit capital of the State

According to Article 38 of Decree No. 77/2015/NĐ-CP of Vietnam’s Government, the Ministries, central sectors and localities shall prepare the investment plan of the next year from the development investment credit capital of the State and send it to the Vietnam Development Bank, Bank for Social Policies, Ministry of Planning and Investment and Ministry of Finance before the 31st of July of the previous year.

The Vietnam Development Bank and the Bank for Social Policies shall aggregate and report the preparation for the investment plan of the next year from the development investment credit capital of the State, send it to the Ministry of Planning and Investment and the Ministry of Finance before the 10th of August of the previous year.

The Ministry of Planning and Investment shall aggregate the plan and report it as stipulated in Clause 31 of Decree No. 77/2015/NĐ-CP.

Notably, the assignment of investment plan of the next year from the development investment credit capital of the State is done as follows:

- Before the 15th of December of the previous year, the Prime Minister shall assign the total rate of investment plan from the development investment credit capital of the State or the growth rate of credit outstanding balance, offsetting of differences in interest rate, banking fees and capital addition (if any) of the next year to the Vietnam Development Bank and the Bank for Social Policies;

- Before the 31st of December of the previous year, the Ministry of Planning and Investment shall assign the investment plan from the development investment credit capital of the State of the next year to the Vietnam Development Bank and the Bank for Social Policies, the Ministries, central sectors and localities for loan to the projects with a part of loan repaid by the capital from the state budget.

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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