Recently, Mr. Le Thanh Do - Chairman of Dien Bien Provincial People's Committee - signed Decision No. 1981 on authorizing the approval of settlement of investment capital for projects completing the use of public investment capital and foreign state capital for public investment capital.
Accordingly, authorizing the Director of the Department of Finance of Dien Bien province to approve the settlement of investment capital for completed or permanently suspended projects for group C works and projects decided by the Provincial People's Committee for investment.
The authority to approve construction investment projects and projects that are handed over by provincial-level agencies and units from district levels during the process of perfecting the organization of the 2-level local government apparatus, using public investment capital or foreign state capital for public investment, under the authority of the Provincial People's Committee for approval of final settlement.
The Provincial People's Committee also requires the Director of the Department of Finance to be responsible for directing, inspecting, and urging investors, specialized project management boards, project management and development boards of the regional Land Fund and relevant agencies and units to prepare settlement reports, project dossier components to submit for settlement, appraisal, and approval of settlement of investment capital for group C projects completed in the province under their authority and prescribed tasks.
"The Director of the Department of Finance is fully responsible to the Provincial People's Committee and the law for the contents of work authorized according to current regulations of the State" - the document stated.
This Decision takes effect from September 4, 2025 and replaces Decision No. 866 dated September 17, 2015 of the Provincial People's Committee on authorizing the approval of settlement of completed group C projects under state budget capital.
Group C projects are public investment projects of relatively small scale and nature, determined based on the criteria of total investment and operating sector, changed according to the Law on Public Investment 2024.
Accordingly, group C projects have a total investment of less than 240 billion VND for the sector in Clause 2, Article 9, less than 160 billion VND for Clause 3, Article 9, less than 120 billion VND for Clause 4, and less than 90 billion VND for Clause 5, Article 9.
