Details of the implementation of part of the Public Investment Act

On June 4, 2020, the government issued The 40th ND-CP, a statute detailing the implementation of the Public Investment Act.This statute applies to organizations or individuals engaged or related to public investment, management, and the use of public investment capital.

In particular, records, evaluation content and time, investment policy decisions, decisions on investment policy adjustments, adjustments to investment policy programs, public sector A, B project laws, C. records, evaluation content and timing, program decisions, projects; content, order, procedures for establishment, evaluation of program adjustments, public investment group A, B, C. Project.

Principles, abilities, sequences and procedures for determining investment policies;The program uses capital from the legal income of the jurisdiction, order and procedural hierarchy, the state government agencies, public sector units devoted to investment, and the hierarchy of jurisdiction, order and procedures to determine investment decisions.Orders and procedures for investing in the subject of preferred credit interest, management fee compensation.Bank policy, charter capital financing for foreign financial funds.Investment support for other policy issues determined by the Prime Minister.

The subject determines the preliminary environmental impact of the content evaluation project investment policy.Manage general investment preparation, planning, and projection tasks without construction components.Capital from the legal income of state government agencies and public career units for establishment, appraisal, approval, mid-term and annual planning, investment.A solution for organizing, implementing, and reporting competent levels of implementation of medium-term and annual public investment plans.Procedures for adjusting the medium-term public investment plan and annual state budget capital.The case extends the time spent on the implementation and payment of public investment plans to annual state budget capital.Information system and national database on public investment.

This statute consists of chapter 8, 54, which came into force on June 4, 2020.The Ministry of Planning and Investment is responsible for the implementation of the contents of information systems and the implementation of a national database on public investment.These include general usage regulations, such as information about public investment, collected data, information stored in national databases, data, original documentation of programs, and public investment projects.For paper copies and different systems, information on the system is the basis for establishment, evaluation, delivery, mid-term and annual public investment plans.Public investment projects are not paid without an annual portfolio and data delivery plan on the system, and the project does not have to pay for the data delivery plan on the system.Organizations or individuals who use the system are responsible for the accuracy of the data given by the reporting authority updated on the system.Organizations or individuals who use the system must use the government's digital signature when registering reports on the system.The provisions in this article do not apply to projects that require state confidentiality.

The Public Investment Act is passed by Congress on 6 November 2019 and can come into effect from January 1, 2020.The law was issued more institutionally to implement the task of rebuilding the economy under the party and national perspectives, supporters, policies, and especially resolution No.January 11, 2016 05-NQ/TW, 2016, Continues to Transform Growth Model, Improve Sgrowth Quality, Labor Productivity, Economic Competitiveness, Resolution 24/2016/QH14 2 On October 11, 2016, the National Assembly on the 2016 2016 reconstruction plan of the National Assembly on October 11, 2016, to lock the XII against advocates and key policies.

At the same time, it contributes to improving investment efficiency in accordance with the continuation of institutional completion, the law on public investment in the direction of unification, synchronization with other relevant laws that strengthen strict controls, the efficiency of public investment activities, and the situation of public investment capital, and the expansion, purpose, strategic direction, planning, and plans for the development of the country's economy and social development.Remove barriers, obstacles, and other issues related to public investment regulations, accelerate the speed of public investment capital associated with stratification, and strengthen the responsibilities of organizations and individuals involved in managing public investment operations.Increased transparency in public relations and public investment management.