Advance capital for projects using state budget capital and government bonds
On July 30, the Ministry of Finance issued Document No. 10097/BTC-DT to central ministries, branches, People's Committees of provinces and centrally-run cities, economic groups and state-owned corporations on the implementation of capital advances for projects using state budget capital and government bonds.
According to this document, implementing the direction of the Prime Minister in Official Dispatch No. 1023/TTg-KHTH dated July 19, 2012 on the advance payment of central budget capital and government bond capital, the Ministry of Finance allows projects using state budget capital and government bond capital in the third quarter of 2012 to still make advance payments of up to 30% of the capital plan assigned in the year. In case there is a need for higher advance payments, the investor shall report to the investment decision maker for consideration and decision.
The advance payment is made as follows: for contracts with a value of less than ten billion VND, the minimum advance payment is 20% of the contract value; for contracts with a value of between ten and fifty billion VND, the minimum advance payment is 15% of the contract value; for contracts with a value of over fifty billion VND, the minimum advance payment is 10% of the contract value. The maximum advance payment is not more than 50% of the contract value and does not exceed the project's assigned capital plan for 2012.
According to (Nhandan.com.vn)-LT
