Vietnam: National investment projects whose total investment under VND 15 billion must be appraised for capital

Duy Thinh

10:51, 18/09/2018

Decree No. 120/2018/NĐ-CP on amendments to some Articles of the Government’s Decree No. 77/2015/NĐ-CP on annual and medium-term public investment plan, Decree No. 136/2015/NĐ-CP on guidelines for some Articles of the Law on Public Investment 2014 of Vietnam and Decree No. 161/2016/ND-CP on special mechanism for construction management of some projects under national target programs during 2016-2020.

A project that meets all of the following criteria shall be eligible for application of procedures for appraising funding sources and capital balancing capacity prescribed in Article 3 of the Decree No. 161/2016/ND-CP of Vietnam’s Government:

- It is included in a national target program during 2016-2020;

- The total investment is under VND 15 billion and techniques required are not sophisticated;

- It is partially funded by the state budget and partially funded by the people’s contributions and other sources with the participation and supervision by the people. The people’s contributions may be in cash, in kind or their working days converted into cash.

Decree No. 120/2018/NĐ-CP of Vietnam’s Government came into force from September 13, 2018.

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