Circular No. 25 TC/ĐT stipulates the regulations for preparing capital disbursement plans to settle completed construction products, applicable to project sponsors, financial agencies, and banks. This circular aims to ensure effective management and allocation of basic construction investment funds.
Scope of application
Basic construction project sponsors, central and local investment supervisory agencies, financial agencies, and construction and investment banks.
Key points
- Project sponsors are responsible for preparing annual, quarterly, and monthly investment construction capital plans concurrently with the volume of investment construction plans.
- The capital plan includes the planned expenditure section (in accordance with the form) and the explanatory section evaluating the implementation of previous plans.
- Investment supervisory agencies notify capital plans to project sponsors, who then revise the plans and resubmit them to the supervisory agencies.
- Financial agencies cooperate with banks to determine the level of capital disbursement for each period, project, industry, and locality.
- The Ministry of Finance compiles the national general plan for basic construction investment capital.
🌐 Social impact of this document
- Positive impact: Ensuring effective management and allocation of construction investment funds, promoting the completion progress of projects.
- Negative impact: May increase administrative procedural burdens for project sponsors and financial agencies.
❓ Frequently asked questions
What should project sponsors do when preparing investment construction capital plans?
Project sponsors need to prepare plans annually, quarterly, and monthly concurrently with the volume of investment, including the planned expenditure section (in accordance with the form) and the explanatory section evaluating the implementation of previous plans.
What responsibilities do investment supervisory agencies have?
Investment supervisory agencies notify capital plans to project sponsors, then receive revised plans from sponsors and compile them into plans for ministries, sectors, or localities.
What responsibilities does the financial agency have in preparing capital disbursement plans?
Financial agencies cooperate with banks to determine the level of capital disbursement for each period, project, industry, and locality.
What does the Ministry of Finance do to compile the general plan for basic construction investment capital?
The Ministry of Finance compiles the national general plan for basic construction investment capital, including sources of capital: budget, self-owned, credit, and mobilized funds.
When does this circular take effect?
This circular takes effect from October 1, 1983.
Full text
|
MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness |
| Number: 25 TC/ĐT | Hanoi, September 7, 1983 |
CIRCULAR
Regulations on the establishment of capital planning for the settlement of completed construction products
____________________________
Pursuant to the regulations on construction management issued under Decree No. 232-CP dated June 6, 1981 of the Council of Ministers;
Pursuant to Circular No. 06-TT/LB dated July 14, 1983 of the Ministry of Finance and the State Bank stipulating the issuance, lending, and settlement in basic construction investment;
After consultation with the Planning Committee and the State Bank, the Ministry of Finance hereby establishes the regulations on the establishment of capital planning for the settlement of completed construction products (hereinafter referred to as the capital investment planning for basic construction) as follows:
I. OBJECTIVES AND REQUIREMENTS FOR CAPITAL INVESTMENT PLANNING FOR BASIC CONSTRUCTION
The capital investment planning for basic construction is an important component of the basic construction investment plan, and at the same time, it is also an important part of the production-technical-financial plan of enterprises, units, central ministries and local sectors, aiming to:
1. Effectively implement the system of capital settlement for completed construction products in basic construction.
2. Enhance the initiative and responsibility of sectors, levels, units, and financial and investment construction agencies in the work of capital investment planning and management for basic construction.
3. Ensure the allocation of capital in accordance with the progress of basic construction investment, both ensuring sufficient capital for the issuance and settlement of basic construction products, and promoting concentrated and final basic construction investment, quickly putting projects into production and use, while ensuring sufficient capital for the next year's plan.
II. CONTENTS, PROCEDURES FOR ESTABLISHING AND REVIEWING THE CAPITAL INVESTMENT PLANNING FOR BASIC CONSTRUCTION
The project owner and the investment management agency are responsible for establishing the capital investment planning for basic construction according to the guidance provided below.
The capital investment planning for basic construction is established annually (divided into quarters), quarterly (divided into months), and simultaneously with the volume planning for basic construction investment.
1. Contents of the capital investment planning for basic construction:
The capital investment planning for basic construction includes:
a) Capital investment planning for each project.
b) Comprehensive capital investment planning for basic construction by type of project of the investment management agencies (central ministries and local sectors).
c) Comprehensive capital investment planning for basic construction by national economic sector of the investment management agencies (central ministries and local sectors).
Each plan consists of two parts:
a) Expenditure planning section (in numerical data) according to the attached forms.
b) Explanation section:
- Evaluation of the implementation of the previous period's capital investment planning for basic construction, analyzing the reasons and impacts on the implementation of the plan.
- Presentation of the basis, grounds, and conditions for the indicators proposed in this period's plan, or requests and recommendations for higher-level resolution.
2. Procedures for establishing and reviewing the capital investment planning for basic construction
a) Central and local project owners (regardless of the source of investment capital) are responsible for basing their annual volume planning for basic construction investment, approved total investment amount, completion and handover schedule for completed construction products to be put into use, to establish and report the annual and quarterly capital investment planning for basic construction to their direct investment management agencies, and simultaneously send it to the financial and investment construction agencies directly responsible for issuing and settling the capital.
b) Central and local investment management agencies are responsible for notifying the reviewed capital investment planning for basic construction to each project owner.
c) Upon receiving the notification of the capital investment planning for basic construction, project owners must adjust their capital investment planning for basic construction and resubmit it to the investment management agency, and simultaneously send it to the financial and investment construction agencies directly responsible for issuing and settling the capital. Investment management agencies must compile the capital investment planning for basic construction of the ministry, sector, and locality (by project type and by economic sector) and submit it to the National Planning Committee, financial, and investment construction agencies at the same level.
d) Financial agencies are responsible for coordinating with investment construction banks to discuss and determine the amount of capital to be issued at each stage, for each project, each managing sector, and each locality according to the sources of investment capital. Local Departments of Finance and Investment Construction Banks must compile the local investment construction capital issuance and borrowing plan and report it to their superiors.
e) The Ministry of Finance is responsible for reviewing, balancing, and compiling the overall national capital investment planning for basic construction, including various sources of basic construction investment capital: budget capital, self-owned capital, investment credit capital, and raised capital.
g) After the financial agency has determined the amount of capital to be issued for investment in basic construction, the investment management agency will notify the capital investment planning for basic construction to each project owner, and simultaneously send it to the financial and investment construction agencies directly responsible for issuing and settling the capital.
h) Financial and investment construction agencies, and investment management agencies are responsible for monitoring the implementation of the capital investment planning for basic construction by project owners, promptly resolving any issues and other matters related to the capital investment planning for basic construction.
This circular shall take effect from October 1, 1983.
Previous regulations on the establishment of capital investment planning for basic construction that conflict with this circular are no longer valid./.
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THE MINISTER OF FINANCE (Signed)
Chu Tam Thuc |
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