PRINCIPLES OF MANAGEMENT AND PAYMENT OF PUBLIC INVESTMENT CAPITAL FROM SEPTEMBER 26, 2025
On September 26, 2025, the Government issued Decree 254/2025/ND-CP regulating the management, payment, and settlement of projects using public investment capital.
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Accordingly, the principles of management and payment of public investment capital are as follows:
- The management and payment of public investment capital for tasks and projects must ensure the right purpose, right subjects, and compliance with regulations on public investment management, state budget, current laws and regulations in this Decree. Ensure efficiency, savings, transparency, and no loss or waste.
- Investors, superior agencies of investors and financial agencies at all levels must properly perform their responsibilities and powers according to regulations on management and payment of public investment capital.
- For public investment projects abroad:
+ The signed contract, current laws of the host country, international treaties to which the Socialist Republic of Vietnam is a member and current laws of the Socialist Republic of Vietnam are the legal basis for implementing management and disbursement of capital for public investment projects abroad.
+ The competent authority on behalf of the investor shall propose and carry out public investment capital payment transactions with the payment agency.
- The total disbursed capital for the task or project must not exceed the total project investment level approved or adjusted by the competent authority.
- The public investment capital disbursed for the task or project in the year must not exceed the total capital plan in the year allocated for each task or project (including the capital plan of the previous year which is allowed by the competent authority to extend the implementation period and disbursement to the following year and the advanced capital from the state budget estimate of the following year for each task or project).
- The public investment capital disbursed for each work, item of the task, project must not exceed the estimated value in the summary information table (for self-implementation or implementation not according to the contract); must not exceed the contract value in the summary information table; must not exceed the compensation, support, resettlement budget in the summary information table of compensation, support, resettlement.
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In case the summary information table of the contract has provisions on advance payment, but the investor does not request advance payment but requests payment for completed volume, the payment agency shall make payment for completed volume according to the investor's request.
- For costs calculated according to the prescribed percentage (%), the payment agency shall make payment based on the investor's request.
- The payment agency shall base on the completeness and information on the legal documents, advance payment documents, and payment documents as prescribed in this Decree to disburse public investment capital.
- The payment agency for state secret projects of the Ministry of National Defense and the Ministry of Public Security shall control and disburse public investment capital to beneficiaries at the request of the investor and shall be responsible for the control and disbursement it performs.
- Transaction methods at the payment agency:
+ For cases of transactions through the State Treasury system, the implementation method shall comply with the provisions of Decree 254/2025/ND-CP.
+ For cases of transactions through other payment agencies, the transaction method shall comply with the provisions of the payment agency where the investor conducts the transaction.
See details in Decree 254/2025/ND-CP effective from September 26, 2025.
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