Circular No. 70/2024/TT-BTC on the management and use of revenues from consulting and project management activities of project sponsors and project management boards using state budget funds

CIRCULAR
Regulations on the management and use of revenues from consulting and project management activities of project sponsors and project management boards using state budget funds.

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Pursuant to the State Budget Law dated June 25, 2015;

Pursuant to Decree No. 99/2021/NĐ-CP dated November 11, 2021 of the Government on management, payment, and settlement of projects using state capital;

Pursuant to Decree No. 32/2019/NĐ-CP dated April 10, 2019 of the Government stipulating the assignment of tasks, ordering goods or services, or tendering for the provision of public products and services using state budget funds from regular expenditure;

Pursuant to Decree No. 15/2021/NĐ-CP dated March 3, 2021 of the Government on project management;

Pursuant to Decree No. 10/2021/NĐ-CP dated February 9, 2021 of the Government on the management of construction investment costs;

Pursuant to Decree No. 35/2023/NĐ-CP dated June 20, 2023 of the Government amending and supplementing certain articles of decrees under the Ministry of Construction's jurisdiction;

Pursuant to Decree No. 40/2020/NĐ-CP dated April 6, 2020 of the Government detailing implementation of certain provisions of the Public Investment Law;

Pursuant to Decree No. 73/2019/NĐ-CP dated September 5, 2019 of the Government on management of investment in application of information technology using state budget funds;

Pursuant to Decree No. 82/2024/NĐ-CP dated July 10, 2024 of the Government amending and supplementing certain articles of Decree No. 73/2019/NĐ-CP dated September 5, 2019 of the Government on the management of investment in the application of information technology using state budget funds;

Pursuant to Decree No. 114/2021/NĐ-CP dated December 16, 2021 of the Government on the management and use of official development assistance (ODA) and concessional loans from foreign donors;

Pursuant to Decree No. 20/2023/NĐ-CP dated May 4, 2023 of the Government amending and supplementing certain articles of Decree No. 114/2021/NĐ-CP dated December 16, 2021 of the Government on the management and use of official development assistance (ODA) and concessional loans from foreign donors;

Pursuant to Decree No. 14/2023/NĐ-CP dated April 20, 2023, issued by the Government, stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

At the proposal of the Director of the Investment Department,

The Minister of Finance issues this Circular regulating the management and use of revenues from consulting and project management activities of project sponsors and project management boards using state budget funds.

PART I

GENERAL PROVISIONS

Article 1. Scope of Regulation and Applicability

Article 1. Scope of Regulation: This Circular regulates the management and use of revenues from consulting and project management activities of project sponsors and project management boards (PMUs) using state budget funds.

Article 2. Applicability: Project sponsors, PMUs established by project sponsors, specialized PMUs, regional PMUs established according to government decrees, and organizations and individuals related to project management.

Article 3. Project sponsors and PMUs managing projects using official development assistance (ODA) and concessional loans from donors: Shall implement project management in accordance with international agreements, agreements with donors regarding ODA and concessional loans already signed, and current laws on the management and use of ODA and concessional loans, and specific circulars issued by the Ministry of Finance. In cases where there are no provisions in international agreements, agreements with donors, current laws on the management and use of ODA and concessional loans, and specific circulars issued by the Ministry of Finance, they shall follow the provisions of this Circular.

Article 4. Project sponsors and PMUs belonging to public service units (using legitimate income of public service units for investment): Shall implement procedures, contents for preparing, reviewing, approving budgets, preparing, reviewing, and approving final accounts according to this Circular. Financial mechanisms (cost standards for various expenses, savings costs, and other standards for other related project management costs) and review and approval authorities for budgets and final accounts shall be implemented according to the regulations of public service units assigned the role of project sponsor.

Article 2. Sources of Revenue and Allocation of Project Management Revenue between Project Sponsors and PMUs for Managed Projects

1. Sources of revenue:

a) Revenue from project management costs, including: Sources deducted from project management costs and other revenue from managed projects.

b) Other lawful revenue of project sponsors and PMUs as prescribed, including: Revenue from consulting services for other projects and other revenue as prescribed by law.

c) State budget allocation (if applicable).

Article 2. Allocation of Project Management Revenue between Project Sponsors and PMUs for Managed Projects: Based on the content, volume of work, and responsibilities between project sponsors and PMUs, the head of the unit assigned the role of project sponsor decides in writing the ratio of project management revenue allocation between project sponsors and PMUs (if applicable) and is responsible for this content.

Article 3. Transaction Account

1. For revenues from project management costs, fees according to laws on fees and charges, and other state budget revenues (if any) as prescribed by the State Budget Law, the Public Debt Management Law, and related laws: The Project Investor and the Project Management Board shall open an account at the National Treasury where transactions are convenient for management.

2. For revenues not belonging to managed projects, funds established according to the financial autonomy mechanism of public service units as stipulated: The Project Investor and the Project Management Board may open deposit accounts at the National Treasury or commercial banks for management.

Article 4. Classification of Project Management Boards

1. Group I Project Management Boards include: Project Investors organizing project management, Project Management Boards established by the Project Investor in accordance with the provisions of the law (except specialized Project Management Boards and regional Project Management Boards which are public service units).

2. Group II Project Management Boards include: Specialized Project Management Boards and regional Project Management Boards which are public service units established in accordance with the provisions of the law on public service units.

Chapter II

SPECIFIC PROVISIONS

Section 1

ANNUAL INCOME AND EXPENSE ESTIMATE

OF THE PROJECT INVESTOR AND PROJECT MANAGEMENT BOARD

Article 5. Annual Income and Expense Estimate of the Project Investor and Project Management Board

1. Based on specific conditions of the project, the Project Investor decides whether to establish and approve one unified estimate for both the Project Investor and the Project Management Board or to establish and approve two separate estimates for the Project Investor and the Project Management Board for convenient management and use. In the case of establishing a unified estimate for both the Project Investor and the Project Management Board, it is necessary to clearly define the expenses of the Project Investor and the expenses of the Project Management Board.

2. Annually, the Project Investor and the Project Management Board base their determination of project management costs for each project on the implementation period of the project, the organizational form of project management, scale and characteristics of project management work, relevant policies and regulations to ensure that project management costs are appropriate to the volume of management tasks and work within the year and are responsible for this content. Revenues from project management costs assigned according to the decision of the competent authority are recorded into the capital of that project.

The Project Investor and the Project Management Board have the responsibility to ensure sufficient project management costs to organize and implement project management until the project is approved for final investment settlement according to regulations.

3. The annual income and expense estimate is established according to Model No. 03/DT- QLDA issued together with this Circular.

Article 6. Establishment of Income Estimate

The income estimate includes revenues as prescribed in Article 2 of this Circular; among which, the cost deduction of each assigned project is implemented as follows:

The Project Investor determines the cost deduction of each assigned project and forecasts the revenue for managing the project in the years of implementation to record in Model No. 01(i)/DT-QLDA - Table of Project Management Costs; (i) will range from 1 to n for cases where the Project Investor manages multiple projects, specifically as follows:

G_QLDA(CDT) = G_QLDA + G_TV + G_{signing and implementing Agreements} : bid price after corrections and adjustments, minus any discount (if applicable) of the lowest bidder among those detailed financial evaluations;_{d.1. Amount of taxable income in Vietnam:}

G_QLDA(CĐT): Project management costs portion used by the Project Investor and the Project Management Board for each project throughout the project management process.

G_QLDA: Project management costs determined according to the regulations of the competent authority.

G_TV: Consulting costs of the project carried out by the Project Investor and the Project Management Board determined according to the regulations of the competent authority.

G_{signing and implementing Agreements}: Other costs permitted for the Project Investor and the Project Management Board to carry out according to the law.

G_{d.1. Amount of taxable income in Vietnam:}: Costs that the Project Investor and the Project Management Board need to hire to perform during the project management process.

Article 7. Basis for preparing the budget of revenue and expenditure

1. Decision on establishing the Project Management Board (BQLDA) in accordance with the provisions of the law.

2. Decision approving the investment orientation, decision approving the project, decision approving the budget estimate.

3. Budget expenses for investment preparation work (for revenues and management costs during the investment preparation phase).

4. Revenue sources as stipulated in Article 2 and Article 6 of this Circular. In cases where specific details cannot be determined at the time of budget preparation, the investor and BQLDA shall base their estimates on actual conditions and bear responsibility for the content thereof.

5. Current regulations on cost allocation.

6. Annual salary calculation sheet for each employee involved in project management according to Model No. 02/DT-QLDA issued together with this Circular.

7. Current financial management regulations applicable to investors and BQLDA.

8. Internal expenditure rules of the unit established and promulgated in accordance with the provisions of the law.

9. Other bases of the project (if any).

Section 2

PROJECT MANAGEMENT BOARD GROUP I

Article 8. Contents of the BQLDA Group I's expenditure budget

1. Expenditure contents as prescribed in Clause 2, Article 30 of Decree No. 10/2021/NĐ-CP dated February 9, 2021 of the Government on investment construction cost management.

2. For investors and BQLDA managing projects using state budget funds under administrative agencies: Financial mechanisms implemented in accordance with the regulations of the unit assigned the task of being the investor.

3. For investors and BQLDA managing projects using state budget funds under enterprises: Financial mechanisms implemented in accordance with the regulations of the enterprise assigned the task of being the investor.

Article 9. Review and approval of the annual budget of BQLDA Group I

1. Authority to review and approve

a) For investors and BQLDA under administrative agencies: The head of the agency or unit assigned the task of being the investor organizes the review and approval of the budget.

b) For investors and BQLDA under enterprises: The authority to review and approve the budget is carried out in accordance with the regulations of the enterprise assigned the task of being the investor.

2. Documents for requesting review and approval of the budget:

a) Decision approving the investment orientation, decision approving the project, decision approving the budget estimate, decision establishing the BQLDA (in case of establishment of BQLDA).

b) Table calculating revenue from project management activities according to Model No. 01(i)/DT-QLDA issued together with this Circular.

c) Annual salary calculation table according to Model No. 02/DT-QLDA issued together with this Circular.

d) Annual revenue and expenditure budget for project management according to Model No. 03/DT-QLDA issued together with this Circular.

3. Content of budget review:

a) Review the content of tasks, calculation methods, and appropriateness in allocating cost expenses for each year in the Table calculating revenue from project management activities according to Model No. 01(i)/DT-QLDA issued together with this Circular for the assigned plan year.

b) Review the appropriateness of revenue and expenditure content in the budget according to Model No. 03/DT-QLDA with current national financial standards, norms, and systems.

4. Time limit for reviewing and approving the budget:

a) Time limit for reviewing and approving the budget: Maximum 10 working days from the date of receiving complete review and approval budget documents as stipulated in Clause 2 of this Article.

b) Time for approving the budget: Latest by December 31 of the year prior to the plan year, the plan year budget must be approved according to Model No. 01/QĐ-QLDA issued together with this Circular.

5. Adjustment of the annual budget:

a) During implementation, BQLDA Group I may proactively adjust and bear responsibility for adjusting the amount between expenditure items within the approved annual budget range. In cases where revenue does not meet the budget, BQLDA Group I must adjust the expenditure budget appropriately to ensure that the expenditure budget does not exceed the revenue budget. If the revenue budget or expenditure budget or both exceed the budget, then adjustment and supplementary approval must be reviewed and approved.

b) BQLDA Group I is responsible for reviewing and preparing adjusted revenue and expenditure budgets (if any) to send to the investor for review, ensuring that the adjusted budget (if any) must be approved by the investor no later than January 25 of the year following the plan year.

c) Documents for requesting review and approval, content of review, time for review: Implemented in accordance with the provisions of Clause 2, Clause 3, point a of Clause 4 of this Article.

6. After being approved or adjusted, BQLDA Group I must submit the budget to the person who approves the investment project for monitoring, inspection, and supervision of implementation; to the supervisory and settlement agency for implementation of supervision and settlement; and to related units for implementation.

Article 10. Annual revenue and expenditure settlement of Group I Project Management Board

1. At the end of the planning year, the Group I Project Management Board shall seek confirmation opinions from the supervisory and payment agencies to complete the annual revenue and expenditure settlement report based on Model No. 01/QT-QLDA accompanying this Circular at the latest by February 28 of the following year.

2. Authority for reviewing and approving annual revenue and expenditure settlements:

a) For project owners and Group I Project Management Boards under administrative state agencies: The head of the agency or unit entrusted with the role of project owner shall organize the review and approval of the settlement.

Before approving the annual revenue and expenditure settlement, the project owner drafts the decision to approve the settlement along with the content of the project owner's settlement review (including the annual revenue and expenditure settlement report prepared by the Group I Project Management Board) and sends it to the financial management units directly subordinate to the authority that approves the investment project decision, People's Committee of the commune level (for projects managed by the commune level) to obtain their opinions.

Within ten working days from the date of receiving all documents, the unit requested for opinion must provide a written response to the project owner regarding the consistency between the figures proposed for settlement in the annual revenue and expenditure settlement report according to Model No. 01/QT-QLDA and the approved budget and national regulations so that the project owner can proceed with the approval of the annual revenue and expenditure settlement.

b) For project owners and Group I Project Management Boards under enterprises: The authority for reviewing and approving the settlement shall be in accordance with the enterprise's regulations entrusted with the role of project owner.

3. Allocation of expenses for annually managed projects:

In cases where the Group I Project Management Board directly manages two or more projects, each year the Group I Project Management Board shall allocate expenses for the managed projects according to the principle:

a) Expenses already determined for specific projects: Directly allocate to those projects.

b) Expenses not determinable for specific projects: Allocate according to the proportion of costs corresponding to the value of work volume tasks within the year of the project managed by the Group I Project Management Board.

4. Documents for annual settlement report:

a) Petition for approval of the settlement of revenue and expenditure.

b) Summary table of annual revenue and expenditure settlement according to Model No. 01/QT-QLDA accompanying this Circular.

c) List of expenditure vouchers generated during the year prepared by the Group I Project Management Board.

d) Decision on approval of the annual budget, decision on adjustment of the annual budget (if any), Decision on approval of the previous year's settlement (if any).

5. Time limit for reviewing and approving the annual revenue and expenditure settlement report: Not more than fifteen working days from the date of receipt of the complete and valid annual settlement report documents.

6. Content of review:

a) Review the use of revenues in the planning year.

b) Review and compare the consistency between the figures proposed for settlement in the annual revenue and expenditure settlement report according to Model No. 01/QT-QLDA accompanying this Circular and the quota extracted, regulations issued by the state and the approved budget or adjusted budget (if any).

c) Review the legality and validity of the revenue and expenditure items according to the approved budget or adjusted budget.

d) Review the appropriateness of the allocation of settlement values for specific projects implemented in the planning year.

7. Forms for approving revenue and expenditure settlement: According to Model No. 01.QĐ/QT-QLDA accompanying this Circular.

8. Any surplus revenue settled exceeding the settled expenditure shall be carried forward to subsequent years.

9. Settlement of project management costs by the Group I Project Management Board upon completion:

a) For the Group I Project Management Board managing one project: Upon completion of the assigned project, the Group I Project Management Board prepares the settlement report along with the annual settlement report file and the completed project settlement file and submits them to the main reviewing body for project settlement. The main reviewing body for project settlement reviews and reports to the authority with the power to decide on the approval of the investment capital settlement for the completed project.

b) For the Group I Project Management Board managing two or more projects: Upon completion of the assigned project, the settled cost is the total of the annually allocated and approved costs of the project and the costs of the project already executed (not yet annually allocated) determined by the Group I Project Management Board.

c) For costs incurred by the Group I Project Management Board itself for the project managed by the Group I Project Management Board:

The settled cost shall not exceed the approved cost (or adjusted) in the total investment amount (or budget) of the project and is approved collectively in the decision approving the investment capital settlement of the completed project.

Specifically, for the settlement of projects permanently halted with unfinished construction volumes, the project management costs and supervision costs of the Group I Project Management Board shall be settled based on the value of the construction and equipment costs (excluding VAT) that have been properly accepted. If the settled cost exceeds the calculated cost based on the value of the construction and equipment costs (excluding VAT) that have been properly accepted, the Group I Project Management Board shall report to the person deciding on the investment project for consideration and decision.

Section 3

GROUP II PROJECT MANAGEMENT BOARD

Article 11. Sources of Revenue and Granting Financial Autonomy to Project Management Units Group II

1. Sources of revenue for Project Management Units Group II: Consist of the sources of revenue stipulated in Article 2 of this Circular. The sources of revenue specified in points a and b, Clause 1, Article 2 are the sources of revenue that determine the level of financial autonomy of the unit.

For the provision of investment construction consulting services by Project Management Units Group II to project sponsors, other Project Management Units must be consistent with their assigned functions and tasks, match their professional expertise and financial capacity, ensure the completion of management tasks for projects already assigned, and not affect the main tasks of the unit.

2. Granting financial autonomy and determining support funding from the state budget (if any), internal expenditure regulations, and distribution of annual financial results: Implemented according to the laws on the mechanism of financial autonomy for public service units.

Article 12. Preparation and Implementation of Annual Budget Estimates for Project Management Units Group II

1. Preparation, allocation, assignment, and implementation of budget estimates: Implemented according to the laws on state budget, laws on the mechanism of financial autonomy for public service units; among which, note the following contents:

a) Regarding sources of revenue and expenditures: Based on the sources of revenue and corresponding expenditure tasks for each project, Project Management Units Group II are responsible for determining the revenue sources to be used in the year (the amount to be used, ensuring the annual expenditure budget). Revenue transferred to the next year continues to be used (revenue not yet expended on tasks in the planned year and revenue corresponding to incomplete tasks approved in the annual budget) to be transferred to the next year for continued use in accordance with the State Budget Law and current guiding documents.

b) Regarding Forms: Implemented according to Form Nos. 01(i)/DT-PMU, 02/DT-PMU, 03/DT-PMU, 02/QD-PMU issued together with this Circular.

c) Regarding Approval Deadline: By the latest date of December 31 of the year prior to the planning year, the annual budget estimate must be approved; by the latest date of January 25 of the year following the planning year, any adjusted annual budget estimate must be approved.

d) For Project Management Units using state budget funds: The preparation, allocation, assignment, approval deadlines, and implementation of budget estimates are carried out according to the laws on the mechanism of financial autonomy for public service units, state budget, and other relevant regulations.

2. After being approved or adjusted, the annual revenue and expenditure budget estimates of Project Management Units Group II must be sent to the superior supervisory agency for monitoring, inspection, and supervision of implementation; the controlling and payment agency to implement control and payment; related units to implement.

Article 13. Annual Revenue and Expenditure Settlement of Project Management Units Group II

At the end of the planning year, Project Management Units Group II prepare and submit the annual revenue and expenditure settlement report to the same-level finance agency.

For Project Management Units Group II under the management of ministries, ministerial-level agencies, government agencies, and central-level agencies (hereinafter referred to as central agencies): The same-level finance agency is determined and assigned tasks by the head of the central agency.

For Project Management Units Group II under the management of provincial People's Committees, district People's Committees: The same-level finance agency is the Provincial Department of Finance, District Finance and Planning Office according to the management hierarchy.

1. Documents for the annual settlement report:

a) Request for approval of the annual revenue and expenditure settlement.

b) Annual revenue and expenditure settlement report according to Form No. 02/QT-PMU issued together with this Circular.

c) List of expenditure vouchers generated during the year.

d) Decision approving the annual budget estimate, decision adjusting the annual budget estimate (if any).

2. Allocation of costs for managed projects annually:

In cases where Project Management Units Group II directly manage two or more projects, annually, Project Management Units Group II allocate costs for managed projects according to the principle:

a) Costs already identified for specific projects: Directly allocated to those projects.

b) Costs not identifiable for specific projects: Allocated based on the proportion of costs corresponding to the value of work volume tasks within the year of the project managed by Project Management Units Group II.

3. Review and Approval of Annual Settlement:

a) The same-level finance agency organizes review and approves the annual revenue and expenditure settlement.

b) Content of review:

Review the allocation of project management costs, consultancy fees, and other expenses over the years and the planning year.

Compare data in the annual revenue and expenditure settlement report according to Form No. 02/QT-

Review the legality and validity of revenue and expenditure items according to the approved or adjusted budget.

4. Time limit for review and approval of settlement: A maximum of 15 working days from the date of receiving complete and valid annual settlement report documents, the same-level finance agency reviews and issues the Decision approving the annual revenue and expenditure settlement according to Form No. 02.QĐ/QT-PMU issued together with this Circular.

5. Settlement of project management costs by Project Management Units Group II after completion:

a) For Project Management Units Group II managing one project: When the assigned project is completed, Project Management Units Group II prepares a cost settlement report along with the annual settlement report documents and the project completion settlement documents, sending them to the leading agency for project settlement review. The leading agency for project settlement review submits the report to the authorized person to approve the final investment capital settlement in the project completion settlement.

b) For Project Management Units Group II managing two or more projects: When the assigned project is completed, the settled costs of the project are the total of the annually approved allocated costs of the project and the costs of the project already implemented (not yet annually approved for allocation to the project) managed by Project Management Units Group II.

c) For costs incurred by Project Management Units Group II themselves for the managed project:

The settled cost shall not exceed the approved cost (or adjusted) in the total investment amount (or budget) of the project and is approved collectively in the decision approving the investment capital settlement of the completed project.

As for the final settlement for projects permanently discontinued with unfinished construction work, project management costs, and supervision costs of Group II Project Management Units shall be settled based on the value of construction costs and equipment (excluding VAT) that have been officially accepted according to regulations. In cases where the settlement costs exceed the value of construction costs and equipment (excluding VAT) that have been officially accepted according to regulations, the Group II Project Management Unit shall report to the project investment approval authority for consideration and decision.

Chapter III

IMPLEMENTATION

Article 14. Responsibilities of Related Units

1. Responsibilities of the head of the project investor and Group I Project Management Unit:

a) The project investor: Directs the project investor and Group I Project Management Unit to prepare budgets and final accounts for revenues and expenditures to submit for review, approval, organize reviews, examinations, and approve budgets and final accounts for revenues and expenditures within the time frame and content stipulated in this Circular.

b) Group I Project Management Unit: Bears full responsibility for managing and using revenues and expenditures of the Project Management Unit, establishing internal expenditure regulations in accordance with regulations.

c) Bears responsibility for the accuracy, legality, and validity of revenue and expenditure vouchers; promptly provide other relevant documents to serve the examination of final accounts for revenues and expenditures when requested in writing by the examination authority.

2. Responsibilities of the Director of Group II Project Management Unit:

a) Bears full responsibility for managing and using revenues and expenditures of the Project Management Unit.

b) Implements the preparation, review, approval (or adjustment) of budgets, and prepares the final account documentation for revenues and expenditures to send to the financial authority at the same level for examination and approval within the time frame and content stipulated in this Circular.

c) Is responsible before higher-level management authorities and the law for decisions made in exercising financial autonomy rights of the unit.

d) Develops plans to implement self-management and self-responsibility systems, establishes and implements internal expenditure regulations and financial autonomy mechanisms in accordance with current laws and guiding documents on financial autonomy mechanisms for public service units and state budget.

đ) Organizes the implementation of accounting, statistics, and asset management activities in accordance with current laws, fully and timely reflecting the unit's revenues and expenditures in accounting books. Implements information and reporting system regulations for unit operations as currently prescribed.

e) Implements grassroots democracy regulations and financial transparency regulations as currently prescribed.

g) Bears responsibility for the accuracy, legality, and validity of revenue and expenditure vouchers; promptly provides other relevant documents to serve the examination of final accounts for revenues and expenditures when requested in writing by the examination authority.

3. Responsibilities of the supervisory and payment agencies:

a) Supervises and processes payments for the use of revenues and expenditures of project investors and Project Management Units according to approved budgets, ensuring compliance with current state financial management regulations and specific provisions in this Circular.

b) Verifies and confirms expenses under their supervisory and payment responsibilities in the final accounts reports for revenues and expenditures of project investors and Project Management Units according to Model No. 01/QT-QLDA and Model No. 02/QT-QLDA issued together with this Circular.

4. Responsibilities of Ministries, sectors, and localities:

a) Decides on approving financial autonomy plans for Group II Project Management Units in accordance with laws on the autonomy mechanism of public service units and guiding documents.

b) Periodically or unexpectedly checks the management and use of revenues and expenditures of project investors and Project Management Units using state budget funds within their jurisdiction; takes measures to handle individuals and units violating management and use of revenues and expenditures of project investors and Project Management Units using state budget funds according to the law.

5. Responsibilities of financial authorities at all levels:

a) Inspects and guides project investors and Project Management Units to organize the management and use of revenues and expenditures in accordance with regulations. If any errors or violations are found in the management and use of revenues and expenditures, the inspection agency will handle them within its authority or report to the competent authority for handling according to regulations.

b) Provides comments in writing on the final accounts of Group I Project Management Units submitted by project investors and conducts examinations and approvals of final accounts for revenues and expenditures of Group II Project Management Units in accordance with regulations; if necessary, it may inspect the documentation and vouchers of project investors and Project Management Units.

Article 15. Effectiveness and Implementation

1. This Circular shall take effect from November 15, 2024.

In cases where the project investor or Project Management Board implements the budget for income and expenditure in 2024 according to Circular No. 108/2021/TT-BTC, the settlement of income and expenditure shall be carried out in accordance with the provisions of Circular No. 108/2021/TT-BTC.

In cases where the project investor or Project Management Board prepares or adjusts the budget for income and expenditure in 2024, the preparation, review, approval, or adjustment of the budget for income and expenditure, and the settlement of income and expenditure shall be carried out in accordance with the provisions of this Circular.

2. To revoke Circular No. 108/2021/TT-BTC dated December 8, 2021 of the Ministry of Finance regarding the management and use of income from consulting and project management activities by investors and project management boards using state budget funds.

3. In cases where the legal normative documents referred to for application in this Circular are amended, supplemented, or replaced, they shall be applied according to the amended, supplemented, or replaced documents.

4. During implementation, in case of any difficulties, it is requested that units promptly reflect them to the Ministry of Finance for research and guidance or amendment and supplementation as appropriate./.

LIST OF FORMS

(Attached to Circular No. 70/2024/TT-BTC dated October 1, 2024 of the Minister of Finance), date month year

Form No.: 01(i)/DT-QLDA
(Prepared separately for each project)

CONSULTING AND PROJECT MANAGEMENT COST CALCULATION SHEET

Project implementation period: From month...year...to month...year...

Form No. 01(i)/DT-QLDA prepared separately for each project (i). (i) will run from 1 to n in cases where the investor is assigned to manage multiple projects.

Form No.: 02/DT-OLDA

..., Date Month Year

ANNUAL QUANTITY CALCULATION SHEET

Form No.: 03/DT- QLDA
SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

PROJECT INVESTOR/PROJECT MANAGEMENT BOARD

..., Date Month Year

BUDGET FOR INCOME AND EXPENSES
Year ...

A. Income Section

Unit of measurement: dong

B. Expenditure Section

Note:

Section I: Implement laws on commendation and reward.

Section I: Only applicable to Group I Project Management Boards.

Sections II, III (Non-recurring expenses): Only applicable to Group II Project Management Boards.

Form No.: 01/QD-QLDA
SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

PROJECT INVESTOR/PROJECT MANAGEMENT BOARD

Pursuant to …;
Regarding Approval of Budget for Income and Expenditures in Year...

APPROVAL BY THE HEAD OF THE PROJECT INVESTOR

Based on ...

Based on Circular No. 70/2024/TT-BTC dated October 1, 2024 of the Minister of Finance concerning the management and use of income from consulting and project management activities by investors and project management boards using state budget funds;

At the proposal of...

DECISION:

Article 1: Approve the budget for income and expenditures in year... The investor (or Project Management Board)... The approved budget value is as follows:

Article 2: The investor, Director of the Project Management Board, supervisory agency, payment agency (specific name of the agency), and related units (details of related unit names) are responsible for implementing this Decision./.

Place of receipt: As per Article 2; Y...HEAD (Signature, stamp, full name)

Note:

(1) In cases where the ratio of project management costs allocated to the investor is generated, clearly specify the portion enjoyed by the investor and the portion enjoyed by the Project Management Board in the planning year.

(2) In cases where project management costs of the investor arise as mentioned in point (1) above, include a line in the expenditure budget for transferring to the investor.

Total expenditure of the Project Management Board implemented in the planning year.

Commendation Expenses (Section B of Form TT 4): Implemented according to laws on commendation and reward.

Form No. 02/QD-QLDA
SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

GROUP II PROJECT MANAGEMENT BOARD

Pursuant to …;
Regarding Approval of Budget for Income and Expenditures in Year...

DIRECTOR OF GROUP II PROJECT MANAGEMENT BOARD

Based on ...

Based on Circular No. 70/2024/TT-BTC dated October 1, 2024 of the Minister of Finance concerning the management and use of income from consulting and project management activities by investors and project management boards using state budget funds;

At the proposal of...

DECISION:

Article 1: Approves the budget for revenue and expenditure of the Project Management Board... for the year... as follows:

The superior management agency;

The financial agency providing;

Luv:

Note:

Commendation (Item No. 4 Section I Part B): To be implemented in accordance with the laws on competition and commendation.

Welfare Expenses (Item No. 5 Section I Part B): To be implemented in accordance with the laws on welfare.

Form number: 01/QT- QLDA
SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

PROJECT INVESTOR/PROJECT MANAGEMENT BOARD

..., Date Month Year

REPORT
Settlement of Revenue and Expenditure for the Year...

Based on Decision No.... dated... month... year... regarding the approval of the budget for revenue and expenditure of the project management for the year..., and the actual revenue and expenditure for the year..., the project sponsor (or PMB)... prepares the settlement report for revenue and expenditure for the year... as follows:

Unit of measurement: dong

The estimated allocation of the value of the settlement for the projects under management is as follows:

PAYING AUTHORITY (3)
Confirmed:

Remaining funds are:... dong;

Note:

(1) In cases where the ratio of project management costs allocated to the investor is generated, clearly specify the portion enjoyed by the investor and the portion enjoyed by the Project Management Board in the planning year.

(2) In case of additional project management costs of the project sponsor as mentioned in point (1) above, then in the proposed settlement expenses, record a total line for the portion transferred to the project sponsor.

The paying authority confirms the data managed by its own agency.

Commendation Expenses (Item No. 4 Part B): To be implemented in accordance with the laws on competition and commendation.

Welfare Expenses (Item No. 5 Part B): To be implemented according to the financial mechanism of the project sponsor.

Form number: 01.QĐ/QT-QLDA
SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

PROJECT INVESTOR/PROJECT MANAGEMENT BOARD

Pursuant to …;
Regarding the Approval of the Settlement of Revenue and Expenditure for the Year...

HEAD OF THE INVESTMENT AUTHORITY

Based on ...

Based on Circular No. 70/2024/TT-BTC dated October 1, 2024 of the Minister of Finance concerning the management and use of income from consulting and project management activities by investors and project management boards using state budget funds;

At the proposal of...

DECISION:

2. Settlement of Allocation:

2.1. Allocation to the project sponsor (in case of additional project management costs of the project sponsor): (2)

2.2. Allocation for PMB use:

Unit of measurement: dong

Article 3: The project sponsor, the Director of the PMB, the paying authority (specific name of the agency), and related units (details of related units) are responsible for implementing this Decision./.

Place of Receipt:

the authority deciding to approve the investment project,

(I) In case of additional ratio of project management costs allocated to the project sponsor, clearly state the portion enjoyed by the project sponsor and the portion enjoyed by the PMB in the planned year.

(2) In case of additional project management costs of the project sponsor as mentioned in point (1) above, then in the proposed settlement expenses, record a total line for the portion transferred to the project sponsor.

Form number: 02/QT-QLDA
SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

GROUP II PROJECT MANAGEMENT BOARD

Number: QĐ..., date month year

REPORT
Settlement of Revenue and Expenditure for the Year...

Based on Decision No.... dated... month... year... regarding the approval of the budget for revenue and expenditure of the project management for the year..., and the actual revenue and expenditure for the year..., the PMB... prepares the settlement report for revenue and expenditure for the year... as follows:

A. Revenue

B. Expenditure

Use of Funds

Note:

(1) In case the PMB has multiple paying authorities, the PMB is responsible for reconciling payment data with each authority to compile the settlement report on the use of revenues from project management activities.

(2) The paying authority confirms the data managed by its own agency.

Commendation Expenses (Item No. 4 Section I Part B): To be implemented in accordance with the laws on competition and commendation.

Welfare Expenses (Item No. 5 Section I Part B): To be implemented according to the financial mechanism of the unit SNCL.

Form number: 02.QĐ/QT - QLDA
SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness

FINANCIAL AUTHORITY

Pursuant to …;
Regarding the Approval of the Settlement of Revenue and Expenditure for the Year...

HEAD OF THE FINANCIAL AUTHORITY

Based on ...

Based on Circular No. 70/2024/TT-BTC dated October 1, 2024 of the Minister of Finance concerning the management and use of income from consulting and project management activities by investors and project management boards using state budget funds;

At the request of the PMB...

DECISION:

Article 1: Approves the settlement of revenue and expenditure for the year...

Project Management Board...

2. Settlement of expenditure parts:

3. Settlement of fund establishment

Article 2: Allocate the value of the settlement of project management costs for the year... to the projects under management; specifically as follows:

Article 3: The Director of the PMB, the supervisory and paying authority (specific name of the agency), and related units (details of related units) are responsible for implementing this Decision./.