Classification of public investment projects in Vietnam from January 1, 2025

Classification of public investment projects in Vietnam from January 1, 2025

Based on their nature, public investment projects in Vietnam are classified as follows:

- Projects with construction components are projects utilizing public investment funds for new building construction, renovation, upgrading, and expanding already invested projects, including the acquisition of assets and purchase of equipment for the project;

- Projects without construction components are projects using public investment funds to acquire assets, transfer land use rights, purchase, repair, upgrade equipment, machinery, and other projects not specified in the above item;

- In cases of using off-plan public investment funds to execute tasks and projects mentioned in the two aforementioned items, it will be carried out according to state budget law regulations and other relevant legal provisions.

Based on the importance and scale, public investment projects are classified as follows:

- Nationally important projects, Group A projects, Group B projects, Group C projects according to the criteria set out in Articles 8, 9, 10, and 11 of the Public Investment Law 2024;

- The authority with jurisdiction when approving the investment policy of nationally important projects, Group A, B, C projects, has the right to decide whether to separate or not separate the compensation, support, resettlement, and land clearance content into an independent component project.

The implementation period of the independent component project for compensation, support, resettlement, and land clearance is calculated within the total capital allocation period as stipulated in Article 57 of the Public Investment Law 2024;

- Public investment projects involving various sectors and fields will be grouped according to the sector or field with the largest capital investment proportion in the total investment value of the project;

- Projects not falling under the criteria set out in Articles 8, 9, 10, and 11 of the Public Investment Law 2024 apply the classification criteria based on the total investment amount stipulated in Clause 5, Article 9; Clause 4, Article 10; and Clause 4, Article 11 of the Public Investment Law 2024;

- The Government of Vietnam provides detailed regulations on the classification of public investment projects stipulated in Articles 9, 10, and 11 of the Public Investment Law 2024.

More details can be found in the Public Investment Law 2024 effective from January 1, 2025.

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