Accordingly, such capital sources as revenues of constructive lottery; fees and charges; and revenues from transformation of purpose and right of land use of the Ministries, central sectors and localities shall not be used for execution of public investment projects as previously (Clause 1 Article 1).
The capital advanced from next year’s budget estimate must not exceed 20% of the estimated capital expenditure (Clause 1 Article 1).
With regard to a project at the stage of investment preparation, it is required to obtain a decision on permission for investment preparation and investment preparation estimate decided by the competent authority by October 31 of the year preceding the plan year (Clause 3 Article 1).
This Decree takes effect from the date of its signing.
“PPP” (Public-Private Partnerships) means any form of investment on the basis of a contract between a regulatory agency and an investor, a special purpose entity to build, innovate, operate and manage infrastructure and public service project.
This Decree takes effect from June 19th, 2018 and replaces Decree No. 15/2015/ND-CP dated February 14th, 2015.
The regulations on project investment proposal in PPP projects in Articles 10, 17, 19, 24, and 33 of Decree No. 136/2015/ND-CP dated December 25, 2015 shall be annulled
In addition, this Decree also supplements the regulation according to which state enterprises (exclusive of enterprises operating in the real estate business) are banned from contributing assets and right to use leased land to invest in the real estate business. Under the earlier regulations, they were only banned from contributing capital.
Furthermore, according to the amended regulations, upon buying fixed assets which are means of transport used for business and service operations, the state enterprises must carry out in the form of bidding.
This Decree takes effect from May 1st, 2018. To abolish the regulations at point a Clause 3 Article 31 of Decree No. 91/2015/ND-CP and abolish Decision No. 51/2014/QD-TTg dated September 15th, 2014; Decision No. 41/2015/QD-TTg dated September 15th, 2015.
Accordingly, banks with state capital (at least 50% charter capital is held by the state) shall be evaluated and rated (A, B, C) based on these criteria: gross revenue; net income; bad debt ratio; compliance with laws and provision of public products and services (if any).
A bank is given “A” rating if it has actual bad debt ratio lower than 3%; it shall be given “C” rating if its debt ratio is higher than 3.5%; if the debt ratio is between 3% and 3.5%, the bank shall be given “B” rating.
In case of basing on return on equity (ROE), a bank shall be given “A” rating if it has attained a ROE equal to or higher than the planned one. It shall be is given “B” rating if it has attained a ROE lower than but equal to at least 90% of the planned one and it shall be given “C” rating if it has attained a ROE lower than 90% of the planned one.
This Circular takes effect from March 19th, 2018 and applies from the fiscal year 2018.
“Public debts” comprise government debts, sovereign-guaranteed debts, and provincial debts.
According to Clause 3 Article 36 of this Law, an enterprise is eligible for an on-lent loan when it fulfills the following conditions:
- It has legal status, established lawfully in Vietnam and operated for at least 3 years;
- It has an investment project to be financed by ODA on-lent loans;
- It has a feasible financial plan approved by competent authority;
- Its debt-to-equity ratio does not exceed 3 to 1 according to the last annual financial statement;
- It has not incurred loss for the last 3 consecutive years according to the audit report, except for the loss incurred due to adoption of state policies;
- It has no overdue debt when the application for an on-lent loan is submitted; and the loan has been secured
On-lending interest rate includes external loan interest rate, charges specified in the loan agreement, charges for management of on-lent loans and on-lent loan loss reserves.
In which, the charge for management of on-lent loans is 0.25% per year calculated based on on-lent outstanding debt. The maximum on-lent loan loss reserve must not exceed 1.5% per year based on the outstanding debt.
This Law takes effect from July 1st, 2018 and replaces the Law on public debt management No. 29/2009/QH12.
This Decree takes effect from January 1st, 2018 and replaces Decree No. 59/2011/ND-CP dated July 18th, 2011, Decree No. 189/2013/ND-CP dated November 20th, 2013 and Decree No. 116/2015/ND-CP dated November 11th, 2015.
This Decree takes effect from June 5th, 2017, and applies from the 2017 budgetary year. For the formulation of 2018-2020 three-year finance-state budget plans, ministries, agencies, units and localities shall submit their 2018 state budget estimates to competent authorities for setting ceiling budget expenditures, basic expenditures and new expenditures for 2018 and 2 subsequent years.