| THE MINISTRY OF FINANCE ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------ |
| No. 45/2003/TT-BTC | Hanoi, May 15, 2003 |
CIRCULAR
GUIDING THE SETTLEMENT OF INVESTMENT CAPITAL
Pursuant to the Investment and Construction Management Regulation issued together with the Government’s Decree No. 52/1999/ND-CP of July 8, 1999 and Decree No. 12/2000/ND-CP of May 5, 2000; Decree No. 07/2003/ND-CP of January 30, 2003 amending and supplementing a number of articles of the Investment and Construction Management Regulation issued together with the Government’s Decree No. 52/1999/ND-CP of July 8, 1999 and Decree No. 12/2000/ND-CP of May 5, 2000;
Pursuant to the Government’s Decree No. 86/2002/ND-CP of November 5, 2002 defining the functions, tasks, powers and organizational structures of the ministries and ministerial-level agencies;
The Finance Ministry hereby guides the investment capital settlement as follows:
Part I
GENERAL PROVISIONS
1. All investment projects financed with State budget capital, State-guaranteed credit capital and/or development investment credit capital of the State, after being completed and put into exploitation and use, must be subject to investment capital settlement under the provisions of this Circular.
2. "The investment capital to be settled" means the entire lawful expenditures implemented in the investment process in order to put the projects into exploitation and use. Lawful expenditures means those implemented in strict accordance with the approved design-cost estimate dossiers, in strict compliance with criteria, norms, unit prices, financial-accounting regimes, signed economic contracts and relevant regulations of the State. The to be- settled investment capital must lie within the limits of the total investment amounts approved or adjusted (if so) by competent authorities.
