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THE NATIONAL ASSEMBLY No. 49/2014/QH13 | THE SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness |
LAW
On Public Investment
Pursuant to the Constitution of the Socialist Republic of Vietnam;
The National Assembly promulgates the Law on Public Investment.
Chapter I
GENERAL PROVISIONS
Article 1. Scope of regulation
This Law prescribes the management and use of public investment funds; state management of public investment; rights, obligations and responsibilities of agencies, units, organizations and individuals related to public investment activities.
Article 2. Subjects of application
This Law applies to agencies, organizations and individuals engaged or involved in public investment activities and management and use of public investment funds.
Article 3. Application of the Law on Public Investment, treaties and international agreements
1. The management and use of public investment funds and public investment activities must comply with this Law and other relevant laws.
2. In case a treaty to which the Socialist Republic of Vietnam is a contracting member contains provisions different from those of this Law, the provisions of that treaty prevail.
3. The implementation of public investment programs and projects in foreign countries must comply with the provisions of treaties to which the Socialist Republic of Vietnam is a contracting member and international agreements between Vietnamese and foreign parties.
Article 4. Interpretation of terms
In this Law, the terms below shall be construed as follows:
1. Investment policy proposal report means a document presenting preliminary research contents on the necessity, feasibility and effectiveness of a public investment program, group-B or group-C project as a basis for competent authorities to decide on investment policy.
2. Prefeasibility study report means a document presenting preliminary research contents on the necessity, feasibility and effectiveness of an important national project or a group-A project as a basis for competent authorities to decide on investment policy.
3. Feasibility study report means a document presenting research contents on the necessity, feasibility and effectiveness of a public investment program or project as a basis for competent authorities to decide on investment.
4. Ministries, sectors and localities means agencies assigned by the Prime Minister public investment plans, including:
a/ Central bodies of the political organizations, the Supreme People’s Procuracy, the Supreme People’s Court, the State Audit Office, the Office of the President, the Office of the National Assembly, ministries, ministerial-level agencies and government-attached agencies (below referred to as ministries and central agencies);
[1] Công Báo Nos 687-688 (17/7/2014)
