Vietnam: Requirements for granting decisions on policies for investment in public investment projects in 2020

09:06, 28/01/2020

The Law on Public Investment 2019 was officially promulgated by the National Assembly of Vietnam on June 13, 2019.

According to the Law on Public Investment 2019 of Vietnam, requirements for granting decisions on policies for investment in public investment programs and projects from January 01, 2020 are specified as follows:

- Conform to relevant socio-economic development strategies, plans and planning schemes in accordance with law on planning that have already obtained decisions or approval from competent authorities.

- Avoid overlapping between public investment programs and projects already obtaining investment policy decisions or investment decisions.

- Meet the capacity for balancing public investment capital and channeling other funding sources for use in public investment programs and projects using multiple sources of funding.

- Correspond to capabilities of borrowing funds and repaying public or Governmental debts and local government’s debts.

- Ensure socio-economic efficiency, national defense and sustainable development.

View more details at the Law on Public Investment 2019 of Vietnam, effective from January 01, 2020.

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