Circula No. 03/2003/TT-BKH dated May 19, 2003 of the Ministry of Planning and Investment guiding the investment- supervising and -evaluating work
THE MINISTRY OF PLANNING AND INVESTMENT
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
Hanoi, May 19, 2003
GUIDING THE INVESTMENT- SUPERVISING AND -EVALUATING WORK
Pursuant to Clause 10, Article 1 of the Government’s Decree No. 07/2003/ND-CP of January 30, 2003 (referred to as Decree No. 07/CP for short) on amending and supplementing a number of articles of the Government’s Decree No. 52/1999/ND-CP of July 8, 1999 promulgating the Regulation on investment and construction management and the Government’s Decree No. 12/2000/ND-CP of May 5, 2000 amending and supplementing a number of articles of Decree No. 52/CP (referred to as Decree No. 52/CP and Decree No. 12/CP for short);
Pursuant to the Government’s Decree No. 75/CP of November 1, 1995 defining the functions, tasks, powers and organizational structure of the Ministry of Planning and Investment;
The Ministry of Planning and Investment issues the Circular guiding the investment-supervising and -evaluating work as follows:
1. Investment-supervising and -evaluating activities
Investment supervision and evaluation means activities of overseeing, examining and determining the extent of attainment against the requirements of the investment process, which are conducted by competent State agencies in order to perform their function of State management over investment with a view to ensuring that investment be highly efficient and compliant with the development objectives and orientations of the whole country, each branch, domain, region, locality and each investment project.
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Investment supervision and evaluation comprise:
- Overall investment supervision and evaluation.
Overall investment supervision means the oversight and examination of the process of investment execution by various branches and localities at all levels; the timely detection and redress of wrong-doings and mistakes so as to ensure that investment comply with plannings, plans and objectives and be efficient.
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