Ministry of Finance proposes to simplify procedures for public investment capital settlement

The Ministry of Finance has just submitted a draft Decree replacing Decree No. 99/2021/ND-CP on management, payment and settlement of public investment capital with many important changes, aiming to synchronize with the laws on public investment, construction, land, bidding and streamline procedures in the process of settling completed projects.

One of the notable points is that the way of calling stopped projects is adjusted to "stopped, discontinued, temporarily suspended, canceled, terminated projects" to comply with current law, avoiding confusion.

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The draft also updates the separation of group B and C projects ( medium or small investment scale, medium to low complexity and having important impacts on a socio- economic region or sector , Small local projects ) into component projects according to the investment policy approval decision if permitted.

In addition, the terms compensation, support, resettlement, and site clearance are also separated into independent projects, in accordance with the provisions of the Law on Public Investment and the Law on Land.

A new point that many experts are interested in is that the Ministry of Finance has added a form "Calculation table of contract settlement value between the investor and the contractor". This form helps both parties to be more consistent and accurate when creating a contract value calculation table, applicable to all projects with or without construction.

For projects that have been suspended, the draft provides clearer regulations on procedures for settling costs incurred, based on the stoppage permit and related documents, helping to save costs and shorten time without having to adjust the investment policy.

Notably, the draft removes the regulation on reviewing and approving project settlements managed by the district level, as well as removing the requirement for commune-level settlements to be sent to the district level when they are not capable. This is consistent with the current administrative organization, when the district level no longer exists.

At the same time, the Ministry of Finance proposed to develop a mechanism to establish a Settlement Audit Team when necessary, to support the units in charge of auditing when work increases due to the rearrangement and reorganization of administrative boundaries.

Another major change is that only the total value of assets formed after investment will be examined and approved, while details on standards, classification, cost allocation and asset handling will be implemented according to regulations on management and use of public assets. The allocation of common costs for each fixed asset is also clearly regulated, to ensure transparency and accuracy in accounting records.

The Ministry of Finance emphasized that the settlement of public investment capital is to clarify the costs spent to create the value of the completed project, while the handling of assets after investment is regulated separately in the newly issued Decree No. 186/2025/ND-CP.

In addition, the time for final settlement audit for group B and C projects has been increased by 1 month to match the reality of increasingly large project scale and reduce pressure due to the reduction in the number of auditing officials in the context of organizational changes.

These amendments demonstrate the efforts of the Ministry of Finance in perfecting the legal framework, helping the process of settling public investment capital become more rigorous and transparent, while facilitating and reducing cumbersome administrative procedures for relevant agencies and units.

Source: https://baodautu.vn/bo-tai-chinh-de-xuat-don-gian-hoa-thu-tuc-quyet-toan-von-dau-tu-cong-d363025.html