Laws of Vietnam

DECISION No.145/1999/QD-BTC of November 26, 1999 on the tasks and organization of the investment capital payment apparatus under the State treasury system

According to the said Decision, the State treasuries shall perform the task of controlling the payment, accounting and settlement of investment capital and non-business capital of investment and construction nature subject to the State budget of different levels according to the provisions of the Government’s Decree No.145/1999/ND-CP of September 20, 1999 on re-organization of the General Department of Development Investment.

The State treasuries of different levels shall use the existing apparatus and set up the following organizations to perform the above-mentioned tasks:

- The Department for Investment Capital Payment under the central State Treasury

- The Division for Investment Capital Payment for Inter-provincial Projects under the central State Treasury, and

- The Division for Investment Capital Payment under the provincial State treasury.

At the State treasury of the district, provincial town or city, the control of payment and settlement of investment capital and non-business capital of investment and construction nature is assigned to the General Planning Division attached to the district State treasury.

Where the amount of payment of investment capital and non-business capital of construction and investment nature is large, the general director of the State treasury may organize a separate division for investment capital payment or a division for investment capital payment attached to the district State treasury to perform the assigned tasks.

Where exist the regional Investment and Development Sub-Departments attached to the provincial/municipal Investment and Development Departments, the regional Divisions for Investment Capital Payment attached to the provincial State treasuries shall be set up to perform the task of controlling investment capital.

This Decision takes effect as from January 1st, 2000.- (Summary)