Date 11.8, Mr. Tran Song Tung - Vice Chairman of the People's Committee of Ninh Binh Province stated that the People's Committee of the province has directed the People's Committee of the districts, cities to direct the local financial agencies to cooperate with the State Treasury at the same level to review and recover the temporarily advanced funds for the investment projects that are overdue, not used or used for the wrong purpose.
When requesting a temporary advance rate higher than 30% of the contract value as stipulated, it must be based on the progress of the contract volume, the ability to recover the temporarily advanced funds of the project, and evaluate the reasons and necessity of increasing the temporary advance rate, and be fully responsible for the decision made.
Investors, project management boards must comply with the current regulations on temporarily advancing funds. The temporarily advanced fund amount, the time of temporary advance, the amount of temporary advance each time, and the time of temporary advance each time must be specified in the contract and must be consistent with the project investment progress, the contract implementation progress, and the volume of work implemented each year.
For projects that are currently being implemented and have a remaining temporarily advanced fund that has not been recovered, they must promptly implement, inspect the completed work to recover the temporarily advanced funds, and ensure that the recovery is completed when the value of disbursement reaches 80% of the contract value (excluding cases where permission is given to temporarily advance at a higher rate).
For temporarily advanced funds that are overdue, conduct a specific review and evaluation of the cause of each temporarily advanced fund that is overdue; determine the collective and individual responsibility for repayment; propose measures to handle thoroughly and decisively, and ensure that all temporarily advanced funds are recovered (including measures to file a lawsuit, transfer to the inspection agency, public security agency).
Prepare a report to evaluate the situation of temporarily advancing and recovering investment funds for each project and submit it to the supervising agency, payment agency, and the superior agency of the investor as stipulated.
The State Bank of Vietnam, Ninh Binh Branch, shall chair and coordinate with relevant units to conduct inspections, audits, and supervision of the temporarily advanced fund guarantee of credit institutions on the territory as stipulated.
At the same time, require the Ninh Binh Province Inspection Agency to chair and coordinate with relevant units to research and develop a plan to inspect cases of temporarily advanced investment funds that are overdue and have not been recovered from the state budget.
