Resolution No. 12/2011/QH13 dated November 9, 2011 of the National Assembly on the government bond capital plan for the 2011-2015 period

THE NATIONAL ASSEMBLY

Resolution No. 12/2011/QH13 of November 9, 2011, on the government bond capital plan for the 2011-2015 period

THE NATIONAL ASSEMBLY OF THE SOCIALIST REPUBLIC OF VIETNAM

Pursuant to the 1992 Constitution of the Socialist Republic of Vietnam, which was amended and supplemented under Resolution No. 51/2001/QH10;

Pursuant to the Law on Organization of the National Assembly; the Law on State Budget; and the National Assembly’s Resolution No. 10/2011/QH13 of November 8, 2011, on the 2011-2015 five-year socio-economic development plan;

After considering the Government’s Report No. 209/BC-CP of October 16, 2011; the Finance and Budget Committee’s Verification Report No. 142/BC-UBTCNS13 of October 18, 2011; the National Assembly Standing Committee’s Assimilation and Explanation Report No. 58/BC-UBTVQH13 of November 8, 2011, on the implementation of 2011 government bond capital plan, the tentative plan for 2012, and the plan for the 2011-2015 period and opinions of the National Assembly deputies,

RESOLVES:

Article 1. The total government bond investment capital for the 2011-2015 period will not exceed VND 225 trillion.

Article 2. The Government is assigned to:

1. Establish specific principles and criteria for reviewing the list of projects and works provided in the National Assembly Standing Committee’s Resolution No. 881/NQ-UBTVQH12, which comprises 40 projects added in 2011 by the National Assembly Standing Committee and the program for consolidation of schools, classrooms and public-duty houses for teachers to be submitted to the National Assembly Standing Committee for consideration and decision. No new projects or works using government bond capital during 2011-2015 will be added to the list.

2. Urgently decide on solutions for projects or works subject to conversion of investment forms, prolongation, suspension, or no longer permitted for further use of government bond capital during 2011-2015.

3. Refrain from carrying forward government bond capital plan targets annually decided by the National Assembly to the next year; and mobilize government bond capital based on the disbursement progress to meet projects’ or works’ needs, thus avoiding unused capital and assuring efficient use of mobilized capital.

4. Work out solutions to improving the quality of management, inspection and examination of implementation and the use of capital for assuring the progress, quality and efficiency of government bond capital-funded projects or works.

Article 3. The Standing Committee, the Finance and Budget Committee, the Ethnic Council and other Committees of the National Assembly, National Assembly deputies’ delegations and National Assembly deputies shall, within their functions and tasks, supervise the management and use of government bond capital in ministries, sectors and localities.

This Resolution was adopted on November 9, 2011, by the XIIIth National Assembly of the Socialist Republic of Vietnam at its 2nd session.-

Chairman of the National Assembly
NGUYEN SINH HUNG