Vietnam: Determining the period for preparing settlement documents, appraising and approving settlement of finished projects utilizing state capital

10:12, 25/02/2020

This is a notable content specified in Circular No. 10/2020/TT-BTC issued by the Minister of Finance of Vietnam, regulating the settlement of finished projects utilizing state capital.

thoi gian lap ho do quyet toan du an hoan thanh su dung von NN, Thong tu 10/2020/TT-BTC

The period for preparing settlement documents, appraising and approving settlement of finished projects utilizing state capital is specified in Article 21 of Circular No. 10/2020/TT-BTC of the Ministry of Finance of Vietnam, according to which the maximum periods are prescribed as follows:

Project	National important	Class A	Class B	Class C
Period for project developers to produce settlement documents and request approval	09 month	09 month	06 month	04 month
Period for appraising settlement	08 month	08 month	04 month	03 month
Period for approving settlement	01 month	01 month	20 day	15 day

In which:

- The period for project developers to produce settlement documents and request approval shall start from the date on which acceptance records of projects, constructions are signed and projects, constructions are brought into operation until the date on which project developers submit adequate settlement documents to agencies presiding settlement appraisal.

- The period for settlement appraisal shall start from the date on which agencies presiding settlement appraisal receive adequate settlement appraisal (according to Article 7 of this Circular) until the date on which competent individuals approve the settlement.

- The period for settlement approval shall start from the date on which competent individuals capable of approving settlement (according to Clause 1 Article 8 of this Circular) receive adequate applications for approval of settlement of finished projects from agencies presiding settlement appraisal (according to Article 19 of this Circular) until the date on which decisions on approving settlement of finished projects are issued.

View more relevant provisions at Circular No. 10/2020/TT-BTC of the Ministry of Finance of Vietnam, effective from April 10, 2020.

Thu Ba

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