Independence – Freedom - Happiness

No.: 19/2011/TT-BTC
Hanoi, February 14, 2011
Pursuant to Decree No.118/2008/ND-CP dated 27/11/2008 of the Government providing functions, duties, powers and organizational structure of the Ministry of Finance;
Pursuant to the Regulations of Management of Investment and Construction issued together with the Decrees No.: 52/1999/ND-CP dated 08/7/1999, No.12/2000/ND-CP dated 05/5/2000, No.07/2003/ND-CP dated 30/01/2003 of the Government;
Pursuant to Decrees of the Government: No.12/2009/ND-CP dated 12/02/2009 on Management of Investment Projects and Work Construction; No.83/2009/ND-CP dated 15/9/2009 on amending, supplementing a number of Articles of Decree No.12/2009/ND-CP on Management of Investment Projects and Work Construction; No.112/2009/ND-CP dated 14/12/2009 on Costs Management of Investment and Work Construction, No.48/2010/ND-CP dated 07/5/2010 on Contracts in the construct activities;
The Ministry of Finance defines on settlement of completed projects subject to state fund as follows:
Part I 
Article 1. Object and scope of governing
1. The investment projects using state fund, including the State budget capital, investment credit capital for development of the State, bond capital (government, local government), credit capital guaranteed by the State, capital for investment and development of the state corporation, one member limited liability company, after completion (or permanent suspension of the implementation) are required to settle under the provisions of this Circular.
2. The projects decided on investment by the Presidents of the People's Committees of communes, wards and townships and projects assigned by the competent authorities the People's Committees of communes, wards and townships acting as investors comply with the Circular of the Ministry Finance guiding capital management of basic construction investment of communes, wards and townships; not applying to this Circular.
Article 2.Investment capital which is settled is all lawful expenses made in the investment process to put the project into exploitation and use. The lawful expenses are expenses made within the design, cost estimates approved, including the part to be adjusted, supplemented in accordance with the signed contract complying with the provisions of law. For the projects using State budget capital, the investment capital to be settled must be located within the limit of total approved investment (or adjusted) by decision for approval of the competent authorities.
Article 3. Settlement reports of completed projects must be determined fully and accurately the total cost of the investment made; clearly defined investment capital source, investment costs allowed not including in the value of assets created through the investment in project assets; the value of assets created through investment in project: fixed assets, current assets, and also be ensured the content, the time to make as prescribed.