The Ministry of Planning and Investment of Vietnam proposes sanctions for organizations and individuals that delay and fail to complete the detailed allocation and disbursement of public investment capital for subjective reasons.
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The Government issued Resolution 80/NQ-CP dated June 28, 2022 on the allocation, reduction, and adjustment of public investment plans in 2022 among ministries, central agencies, and localities in Vietnam
Proposing sanctions to handle the delay in disbursement of public investment capital in Vietnam (Source: Internet)
The Resolution in Vietnam stipulates allowing ministries, agencies and localities to continue allocating state budget investment plans in 2022 to June 28, 2022 as proposed by the Ministry of Planning and Investment of Vietnam.
In accordance with the law on public investment, ministries, central agencies, and localities shall report on the results of the allocation of the state budget investment plan in 2022.
The Ministry of Finance of Vietnam shall assume the prime responsibility for, and coordinate with the Ministry of Planning and Investment of Vietnam in, calculating and formulating local budget balance expenditure estimates in 2023 according to regulations.
In addition, the Ministry of Planning and Investment is assigned to propose sanctions for organizations and individuals that delay and fail to complete the detailed allocation and disbursement of public investment capital for subjective reasons.
This content was reported to the Prime Minister in July 2022.
Resolution 80/NQ-CP was issued on June 28, 2022.
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