According to PV's investigation, the Chairman of Cao Bang Provincial People's Committee has just signed and issued Decision No. 145/QD-UBND on authorizing the approval of investment capital finalization for completed projects under its authority.
This move aims to speed up the processing of dossiers, strengthen decentralization, and improve the efficiency of public investment management in the area.
According to the decision, the Chairman of the Provincial People's Committee authorized the Director of the Department of Finance to appraise and approve the final settlement of investment capital for two groups of projects.
Specifically including: projects preparing economic - technical reports for construction investment decided by the Chairman of the Provincial People's Committee to invest; and projects decided by Directors of specialized construction management departments, Heads of the Provincial Economic Zone Management Board to invest under previous authorization.
The decision takes effect from February 5, 2026 and is applied until there is a replacement or amendment document or when legal regulations change. The authorization is determined to ensure proactiveness and continuity in the finalization of completed projects.
Along with the assigned authority, the Director of the Department of Finance is responsible before the law and before the Chairman of the Provincial People's Committee for the accuracy, truthfulness, and objectivity of the finalization approval decisions.
At the same time, it is necessary to organize appraisal according to the correct procedures, implement the annual periodic reporting regime; promptly report and seek directions for contents beyond authority or arising problems.
The decision is issued based on the provisions of the 2025 Law on Organization of Local Government, the 2024 Law on Public Investment, the 2025 Law on State Budget and guiding documents for implementation.
According to assessments, this decentralization will contribute to shortening the time for finalization approval, early completion of procedures for completed projects, creating conditions for putting projects into operation and use, thereby improving the effectiveness and efficiency of public investment management in Cao Bang.
