Circular No. 10067/TC/DT stipulates that the payment of construction investment capital (XDCB) for the year 2001 is only allowed until January 31, 2002 and does not permit payment for quantities completed after December 31, 2001. The document also guides adjustments to the capital plan for projects.
Scope of application
Ministries, ministerial-level agencies, central-affiliated agencies, State-owned Enterprise No. 91, and People's Committees of provinces and centrally-administered cities
Key points
- Construction investment capital in 2001 is only paid for quantities completed up to December 31, 2001 (Article 1).
- The final deadline for paying capital under the plan for 2001 is January 31, 2002 (Article 1).
- Quantities completed after December 31, 2001 are not paid from the 2001 budgeted capital (Article 1).
- Ministries, sectors, and localities must review project progress to adjust the capital plan for projects that can be completed in 2001 (Article 2).
- Adjustments to the 2001 capital plan must conclude no later than December 31, 2001 (Article 2)
🌐 Social impact of this document
- Assist investors in concentrating resources to complete projects within 2001.
- Limit the use of 2001 budgeted funds for construction quantities after December 31, 2001 to ensure effective capital utilization.
- Create difficulties for investors if projects do not meet the planned schedule.
❓ Frequently asked questions
When is the payment deadline for construction investment capital in 2001?
The final deadline for paying capital under the plan for 2001 is January 31, 2002.
Can quantities completed after December 31, 2001 be paid?
No, quantities completed after December 31, 2001 are not paid from the 2001 budgeted capital.
What must ministries, sectors, and localities do to adjust the capital plan?
Must review project progress to reallocate the capital plan for projects that can be completed in 2001.
When does the adjustment of the 2001 capital plan end?
The adjustment of the 2001 capital plan must conclude no later than December 31, 2001.
Full text
LETTER
OF THE MINISTRY OF FINANCE NUMBER 10067TC/DT DATED OCTOBER 23, 2001
REGARDING THE PAYMENT DEADLINE FOR CAPITAL INVESTMENT IN CONSTRUCTION AND DEVELOPMENT PROJECTS IN 2001
RESPECTED: - Ministries, ministerial-level agencies, central agencies under the Government, State-owned Enterprise No. 91, and central bodies of social organizations
Government agency, State Corporation 91, central agencies of social organizations
People's Committees of provinces and centrally-run cities
Pursuant to Directive No. 23/2001/CT-TTg dated September 14, 2001 of the Prime Minister on further strengthening guidance and management of economic and social development to achieve and exceed the economic growth targets for 2001, the Ministry of Finance guides the payment deadline for capital investment in construction and development projects under the plan for 2001 as follows:
- Capital investment in construction and development projects under the plan for 2001, including the initial plan according to Decision No. 146/2000/QĐ-TTg dated December 22, 2000 (allocating phases I and II) and supplementary plans according to Decision No. 1117/QĐ-TTg dated August 22, 2001 of the Prime Minister, shall only be paid for completed work that has been inspected and accepted up to December 31, 2001. The payment deadline is until January 31, 2002. Work carried out and inspected after December 31, 2001 will not be eligible for capital investment under the plan for 2001.
- Ministries, sectors, and localities shall review the progress of projects, reallocate according to their authority or submit to the Prime Minister for reallocation of project plans that are unable to proceed to other projects capable of completion in 2001. To ensure prompt and accurate adjustment of capital, before submitting to financial authorities, ministries, sectors, and localities shall work with State Treasury to determine the amount of capital under the plan for 2001 already paid for each project. The adjustment of the 2001 capital plan must be completed no later than December 31, 2001.
We request ministries, ministerial-level agencies, central agencies under the Government, State-owned Enterprise No. 91, and People's Committees of provinces and centrally-run cities to instruct project sponsors to implement these guidelines and closely coordinate with the Ministry of Finance to promptly address any issues arising in the payment of capital investment for construction and development projects under the plan for 2001.
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