Resolution No. 851/NQ-UBTVQH14 adjusting the 2019 plan on foreign investment capital

RESOLUTION

Adjusting the 2019 plan on foreign investment capital for ministries, sectors and localities^[1]

THE NATIONAL ASSEMBLY STANDING COMMITTEE

Pursuant to the Constitution of the Socialist Republic of Vietnam;

Pursuant to Law No. 49/2014/QH13 on Public Investment; and Law No. 83/2015/QH13 on the State Budget;

Pursuant to the National Assembly’s Resolutions No. 26/2016/QH14, No. 71/2018/QH14 and No. 73/2018/QH14;

After considering the Government’s Report No. 626/TTr-CP of December 6, 2019; the Committee on Financial and Budgetary Affairs’ Verification Report No. 1819/BC-UBTCNS14 of December 16, 2019, adjusting the 2019 plan on foreign investment capital for ministries, sectors and localities and assignment of the medium-term investment plan on central budget funds during 2016-2020 to the Vietnam Development Bank,

RESOLVES:

Article 1

To cut VND 4,812,524 million, that has not yet been allocated to ministries, sectors and localities, specifically provided in Appendix I to this Resolution, from the 2019 plan on foreign investment capital.

To add VND 4,812,524 million to the 2019 plan on foreign investment capital for ministries, sectors and localities for implementation of projects included in the medium-term public investment plan during 2016-2020, specifically provided in Appendix II to this Resolution.

Article 2

The duration of implementation of and disbursement of additional capital for projects provided in Appendix II under Article 1 of this Resolution may be extended through December 31, 2020. Past this deadline, if the capital is not yet fully disbursed, cost estimates of the projects must be cancelled.

Article 3

To assign the Government to instruct related ministries, central agencies and localities to promptly implement and manage capital use in accordance with law, for proper purposes and in an effective manner.

Article 4

The Committee on Financial and Budgetary Affairs, the Ethnic Council and other Committees of the National Assembly, delegations of National Assembly deputies, National Assembly deputies, People’s Councils at all levels, the State Audit Office of Vietnam shall, within the ambit of their duties and powers prescribed by law, oversee and audit the implementation of this Resolution.-

On behalf of the National Assembly Standing Committee
Chairwoman of the National Assembly
NGUYEN THI KIM NGAN

* The appendices to this Resolution are not translated.