| THE MINISTRY OF FINANCE -------------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom – Happiness -------------- |
| No. 45/2004/TT-BTC | Hanoi, May 21, 2004 |
CIRCULAR
AMENDING AND SUPPLEMENTING A NUMBER OF POINTS OF THE FINANCE MINISTRY'S CIRCULAR NO. 44/2003/TT-BTC OF MAY 15, 2003 GUIDING THE MANAGEMENT AND PAYMENT OF INVESTMENT CAPITAL AND NON-BUSINESS CAPITAL OF INVESTMENT AND CONSTRUCTION NATURE BELONGING TO THE STATE BUDGET CAPITAL SOURCE
Pursuant to December 16, 2002 Law No. 01/2002/QH11 on the State Budget;
Pursuant to the Government's Decree No. 52/1999/ND-CP of July 8, 1999 promulgating the Investment and Construction Management Regulation, Decree No. 12/2000/ND-CP of May 5, 2000 and Decree No. 07/2003/ND-CP of January 30, 2003 amending and supplementing a number of articles of the Investment and Construction Management Regulation;
On the basis of the Prime Minister's opinions in the Government Office's Official Dispatch No. 131/VPCP of January 8, 2004 on administrative procedures in the management, payment and settlement of capital for planning work;
The Finance Ministry hereby amends and supplements a number of articles of its Circular No. 44/2003/TT-BTC of May 15, 2003 guiding the management and payment of investment capital and non-business capital of investment and construction nature belonging to the State budget capital source as follows:
1. Point 10, Section IV, Clause B of Part II is supplemented with the following:
"- The following projects shall not be permitted to retain, pending settlement, 5% of the annual investment capital under their payment plans:
+ Planning projects;
+ Investment preparation projects;
+ Projects under the program on planting of 5 million new hectares of forests (excluding investment capital for building infrastructures, including forest protection stations, prevention and fight of forest fires and pests, construction of nursery gardens' capitalized at over VND 100 million).
