While the revised Law on Public Investment is continuing to be perfected for submission to the National Assembly, within its reach, the Government of Vietnam has just decided to amend several regulations related to capital allocation and disbursement of medium-term and annual public investment capital in order to untangle and improve the efficiency of public investment.
The Government of Vietnam issued Decree No. 120/2018/NĐ-CP on amendments to some Articles of the Government’s Decree No. 77/2015/ND-CP on annual and medium-term public investment plans.
Decree No. 120/2018/NĐ-CP of Vietnam’s Government on amendments to some Articles of the Decree No. 77/2015/ND-CP on annual and medium-term public investment plan, No. 136/2015/ND-CP on special mechanism for construction management of some projects under national target programs during 2016-2020 was promulgated on September 13, 2018.
The Law on Public Investment 2014 of Vietnam was issued on June 18, 2014 and officially effective from January 01, 2015. One of the outstanding contents of this Law is the regulation on rules and contents of public investment management.
Public investment plan means a combination of targets; orientation and listing of public investment programs and projects; balance of the budget capital for public investment; plans of budget allotment; and approaches to resource mobilization and project execution.
The Law on Public Investment 2014 of Vietnam was issued on June 18, 2014. This Law provides for the management and use of the capital budget for public investment; the state management of public investment; the right, obligation and responsibility of agencies, organizations and individuals involved in public investment activities. This Law also stipulates prohibited public investment acts.
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