On March 21, 2016, the Government issued the Resolution No. 21/NQ-CP on decentralization of state management between the Government and People’s Committees of provinces and centrally run cities, with the objectives to raise effectiveness and efficiency of state management of sectors and fields on the basis of reasonable and clear decentralization of tasks, powers and responsibilities among the Government, the Prime Minister, ministries, ministerial-level agencies and People’s Committees of provinces and centrally run cities, ensuring the unified management of the Government and promoting the initiative, responsibility and creativity of local administrations.
This Resolution prescribes the fields of focused decentralization of state management in the 2016-2020 period, including state budget management; exercise of rights and performance of obligations of the state owner toward state enterprises and state capital invested in enterprises; investment management; management of official duties, cadres, civil servants and public employees; land administration.
Within that, in the Investment management (for investment from the state budget and government bonds): To improve the decentralization of public investment management on the basis of ensuring the centralized and unified management of master plans, mechanisms and policies and proactive balance of resources, putting an end to thinned-out and scattered investment in order to raise effectiveness and efficiency of public investment management and use according to the objectives and orientations of national socio-economic development strategies and plans; to prevent loss and waste; to ensure publicity and transparency in public investment management…