Circular No. 25 TC/DT stipulates the procedures for preparing capital disbursement plans for completed construction products, applicable to project sponsors and investment management agencies. This document guides the content, procedure for preparing and reviewing investment capital disbursement plans to ensure efficient use of funds.
Scope of application
["Project sponsor","Investment management agency","Department of Finance","Investment and Construction Bank"]
Key points
- The "Project sponsor" must prepare the annual, quarterly, and monthly investment capital disbursement plan based on the investment volume plan.
- The "Investment management agency" is responsible for reviewing and notifying each project sponsor of their capital disbursement plan.
- Local Departments of Finance and Investment and Construction Banks must aggregate local investment capital disbursement and borrowing plans and report them to higher authorities.
- The Ministry of Finance is responsible for reviewing, balancing, and aggregating the national investment capital disbursement plan.
- Project sponsors must implement the capital disbursement plan notification from the investment management agency.
🌐 Social impact of this document
- The "Project sponsor" and "Investment management agency" are specifically guided on the preparation and review of investment capital disbursement plans.
- Local Departments of Finance and Investment and Construction Banks are responsible for aggregating and reporting to higher authorities.
- The Ministry of Finance ensures the balancing and aggregation of the national investment capital disbursement plan.
- Project sponsors must implement the capital disbursement plan notification from the investment management agency.
❓ Frequently asked questions
How should the project sponsor prepare the investment capital disbursement plan?
The "Project sponsor" must prepare the annual, quarterly, and monthly investment capital disbursement plan based on the investment volume plan.
What responsibilities does the investment management agency have in preparing the capital disbursement plan?
The "Investment management agency" is responsible for reviewing and notifying each project sponsor of their capital disbursement plan.
What actions must local Departments of Finance and Investment and Construction Banks take in preparing the capital disbursement plan?
Local Departments of Finance and Investment and Construction Banks must aggregate local investment capital disbursement and borrowing plans and report them to higher authorities.
What responsibilities does the Ministry of Finance have in preparing the capital disbursement plan?
The Ministry of Finance is responsible for reviewing, balancing, and aggregating the national investment capital disbursement plan.
How must project sponsors implement the capital disbursement plan notification from the investment management agency?
Project sponsors must implement the capital disbursement plan notification from the investment management agency.
Full text
|
MINISTRY OF FINANCE Number: 25 TC/ĐT |
SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness ------------------------------ |
|
Hanoi, September 7, 1983 |
CIRCULAR
REGULATIONS ON THE SYSTEM OF ESTABLISHING PLANS FOR CAPITAL PAYMENTS FOR COMPLETED CONSTRUCTION PRODUCTS
Pursuant to the regulations on construction management issued pursuant to 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 regarding the issuance, lending, and payment in investment construction;
After consultation with the Planning Commission and the State Bank, the Ministry of Finance hereby stipulates the system for establishing plans for capital payments for completed construction products (hereinafter referred to as the investment construction capital plan) as follows:
I. OBJECTIVES AND REQUIREMENTS FOR INVESTMENT CONSTRUCTION CAPITAL PLANNING
The investment construction capital plan is an important component of the investment construction plan, and at the same time, it is also an important part of the production-technical-financial plan of enterprises, units, central ministries and localities, aiming to:
1. Effectively implement the system of capital payments for completed construction products in construction projects.
2. Enhance the initiative and responsibility of sectors, levels, units, and financial and construction investment agencies in planning and managing investment construction capital.
3. Ensure the allocation of capital in line with the progress of investment construction, providing sufficient capital for the issuance and payment of construction products, while promoting concentrated and decisive investment in construction, quickly putting projects into production and use, and ensuring adequate capital for the next year's plan.
II. CONTENTS, PROCEDURES FOR ESTABLISHING AND REVIEWING INVESTMENT CONSTRUCTION CAPITAL PLANS
The project owner and the investment management authority are responsible for establishing the investment construction capital plan according to the guidance provided below.
The investment construction capital plan is established annually (divided into quarters), quarterly (divided into months), and simultaneously with the investment construction volume plan.
1. Contents of the investment construction capital plan:
The investment construction capital plan includes:
a) Capital investment plan for each project.
b) Comprehensive capital investment plan for each type of project managed by the investment management authorities (ministries and sectors at the central level and localities).
c) Comprehensive capital investment plan for each national economic sector managed by the investment management authorities (ministries and sectors at the central and local levels).
Each plan consists of two parts:
a) Expenditure plan (in numerical data) according to the attached forms.
b) Explanation section:
- Evaluation of the implementation of the previous period's investment construction capital plan, analyzing the causes and impacts on its execution.
- 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 investment construction capital plan
a) Central and local project owners (regardless of the source of investment capital) are responsible for establishing and reporting the annual and quarterly investment construction capital plan based on the annual investment construction volume plan, approved total investment amount, completion schedule, and product delivery schedule for use, to their direct investment management authority, and simultaneously sending it to the financial and construction investment agencies directly responsible for capital issuance and payment.
b) Central and local investment management authorities are responsible for notifying the reviewed investment construction capital plan to each project owner.
c) Upon receiving the notification of the investment construction capital plan, project owners must adjust their investment construction capital plan and resubmit it to the investment management authority, and send it to the financial and construction investment agencies directly responsible for capital issuance and payment. Investment management authorities must compile the comprehensive investment construction capital plan for their ministry, sector, and locality (by project type and economic sector) and submit it to the National Planning Commission, financial, and construction investment agencies at the same level.
d) Financial agencies are responsible for coordinating with construction investment banks to review and discuss with the investment management authorities to determine the amount of capital to be issued in each period, for each project, each managing sector, and each locality according to the sources of investment capital. Local finance departments and construction investment banks must compile the local investment construction capital issuance and loan plan and report it to their superiors.
e) The Ministry of Finance is responsible for reviewing, balancing, and compiling the overall national investment construction capital plan, including various sources of investment capital: budget funds, self-owned funds, investment credit funds, and raised funds.
g) After the financial agency has determined the amount of capital to be issued for investment construction, the investment management authority will notify the investment construction capital plan to each project owner, and simultaneously send it to the financial and construction investment agencies directly responsible for capital issuance and payment.
h) Financial agencies, construction investment banks, and investment management authorities are responsible for monitoring the implementation of the investment construction capital plan by project owners, promptly resolving any issues and other matters related to the investment construction capital plan.
This circular shall take effect from October 1, 1983.
Previous regulations on establishing investment construction capital plans that conflict with this circular are no longer valid.
|
Place of Receipt: - Office of the Council of Ministers (V13, V4, V1) (for circulation) - Distribution and Circulation Department - Ministries, Commissions, and Agencies under the Council of Ministers (for coordination) - People's Committees of provinces, cities, and centrally-administered municipalities - Provincial, city, and centrally-administered municipality finance departments. - Provincial, city, and centrally-administered municipality branches of the Construction Investment Bank. - State Bank of Vietnam - Construction Investment Bank - To be filed in the Office: Construction Investment Department, Ministry of Finance. |
THE MINISTER OF FINANCE Chu Tam Thuc |
Relations map
Click a document to open. A red border = a relation that changes validity.
Translations
This document is available in the following languages: