Decree 40: Time limits for assessment of public investment programs or projects in Vietnam

Le Hai

14:30, 07/04/2020

Recently, the Government of Vietnam has issued Decree No. 40/2020/NĐ-CP providing detailed regulations on the implementation of several Articles of the Law on Public Investment.

According to Decree No. 40/2020/NĐ-CP of Vietnam’s Government, time limits for assessment of public investment programs or projects without construction components after authorities presiding over assessment activities receive full and valid submitted documents shall be as follows:

- National target programs: Not exceeding 60 days;

- Public investment programs (except national target programs): Not exceeding 45 days;

- Group-A public investment projects: Not exceeding 45 days;

- Group-B and C public investment projects: Not exceeding 30 days;

In case where any submitted document is invalid, or any component of pre-feasibility study reports for public investment programs or projects is not conformable to regulations laid down in Article 44 in the Law on Public Investment of Vietnam, within the maximum duration of 10 days of receipt of submitted documents, Assessment Councils or authorities presiding over assessment activities shall send their written opinions to authorities applying for or requesting assessment to provide supplementary documents or complete feasibility study reports for public investment programs and projects.

View more contents at Decree No. 40/2020/NĐ-CP of Vietnam’s Government, effective from April 06, 2020.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

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