blue-check New regulations on advance funding and settlement of public investment projects

Decree No. 99/2021/ND-CP dated November 11th, 2021 of the Government on management, disbursement, payment and final settlement of investment funds for publicly-funded projects
Posted: 15/11/2021 1:07:43 PM | Latest updated: 3/6/2022 10:06:32 AM (GMT+7) | LuatVietnam: 5334 | Vietlaw: 556

This Decree regulates in details 2019 Law on Public Investment regarding principles, dossiers, advance funding, payment, and settlement of public projects, including public – private partnership (PPP) investment projects and overseas public investment projects.

According to Article 10 of this Decree, total amount of advance funding given to a public project shall not exceed 30% of the contract value, including construction contract and project without building part or component.

This Decree takes effect from January 1st, 2022.

To abrogate regulations on documents included in the dossiers prescribed in clause 4, 5, 6, 7, 8, 9, 10 and regulations on declaration forms specified in point a of clause 16 of Article 8; Regulations on documents included in the dossiers prescribed in clause 4, 5 and 6 and the declaration form laid down in point a of clause 12 of Article 9; Regulations on documents included in dossiers of projects (component projects) funded by foreign funds that are specified in the development plans receiving the state budget’s full grants and those receiving partial grants or on-lending on pro rata basis as provided in clause 4 and regulations on declaration forms with respect to investment expenditures prescribed in point a of clause 10 of Article 10 in Decree No. 11/2020/ND-CPstatus2 dated January 20, 2020.

Please be informed that the attached forms are neither translated nor included in the English file.
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Penalty document
Effective Date 1-Jan-2022
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 556
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State Capital Investment