Circular No. 13393/BTC-ĐT regarding the settlement of investment capital for completed projects to resolve outstanding construction investment capital debts.

LETTER

OF THE MINISTRY OF FINANCE NO. 13393/BTC-ĐT ON OCTOBER 24, 2005
REGARDING THE SETTLEMENT OF INVESTMENT CAPITAL FOR COMPLETED PROJECTS TO
RESOLVE THE ISSUE OF STALLED INVESTMENT CAPITAL FOR BASIC CONSTRUCTION

Respected: - Ministries, ministerial-level agencies, government agencies;

- Provincial and municipal People's Committees directly under the central government;

- State-owned Joint Stock Companies 90, 91.

In recent years, there have been positive changes in the settlement of investment capital for completed projects, with an increasing number of projects being approved for settlement; through auditing and approving settlements, many improper costs proposed for settlement have been reduced, contributing to preventing capital wastage and loss. However, in some Ministries, sectors, and localities, there still exist situations where many completed projects remain unapproved for settlement according to regulations. To implement Directive No. 21/2005/CT-TTg dated June 15, 2005 of the Prime Minister on implementing the Resolution of the National Assembly regarding investment construction work using state capital and combating wastefulness and loss in construction investment, the Ministry of Finance requests Ministries, sectors, and localities to implement the following contents:

1. Direct and guide project investors and units under their management to review and report on the situation of settling investment capital for completed projects during the period 2001-2005 (content of the report according to Form No. 01 attached) and classify remaining projects for resolution, specifically as follows:

- Projects that have been completed, accepted for handover and put into use but have not yet prepared reports for settlement of investment capital, unfinished projects that cannot continue to be invested in must take measures and guide investors to prepare reports for settlement of investment capital in accordance with regulations;

- Projects where investors have prepared reports for settlement of investment capital but have not yet been approved for settlement, it is necessary to clearly identify the reasons to resolve them thoroughly;

- For projects that have already been approved for settlement of investment capital, if there are difficulties and obstacles related to sources of funds that have not yet resolved debts, they need to report to the competent authority to develop solutions to resolve them thoroughly and settle accounts according to regulations.

Encourage the hiring of independent auditing organizations to audit reports for settlement of investment capital for completed projects; the results of the audit serve as the basis for approving the settlement of investment capital.

2. To accelerate the progress of auditing and approving the settlement of investment capital, the Ministry of Finance guides the implementation of分级审批完成项目的投资结算，根据2005年2月7日政府第16/2005/NĐ-CP号决定关于管理建设项目的规定如下：

- The Minister of Finance approves the settlement of investment capital for national key projects.

- The Minister; the head of a ministry-level agency equivalent to a ministry, central agency of mass organizations; the Chairman of the People's Committee of a province; the Chairman of the Board of Directors of State-owned Joint Stock Companies 90, 91 approve the settlement of investment capital for projects in Groups A, B, and C within their jurisdiction, including Group A projects previously decided by the Prime Minister for investment without approval for settlement.

3. Request Ministries, sectors, and localities to direct units to implement the above points and compile reports to the Ministry of Finance according to Form No. 2 attached. Reporting deadline: before November 30, 2005, for the Ministry of Finance to compile and report as required by the Prime Minister.

Deputy Minister

Vice Minister

Nguyen Cong Nghiep

Form No. 1: REPORT ON REMAINING ISSUES OF SETTLEMENT OF INVESTMENT CAPITAL FOR COMPLETED PROJECTS DURING THE PERIOD 2001-2005

(for Project Investors, Project Management Boards to report)

Form No. 2: REPORT ON REMAINING ISSUES OF SETTLEMENT OF INVESTMENT CAPITAL FOR COMPLETED PROJECTS DURING THE PERIOD 2001-2005

(for Ministries, sectors, and localities to compile and report to the Ministry of Finance)