Law No. 39/2019/QH14 on Public Investment 2019.

This Law provides for state management of public investment; management and use of public investment capital; rights, obligations and responsibilities of regulatory authorities, affiliates, entities and persons involved in public investment activities.
Investment projects of national significance constitute independent investment projects or a complex of closely connected construction projects, and must meet one of the following criteria: 1. Using public investment capital worth 10,000 billion dong or above; 2. Having substantial environmental impacts or posing potential risks in making serious environmental impacts, including the following projects: a) Nuclear power plants; b) Those projects using land subject to the requirement for conversion of land use purposes from land in national parks, nature reserves, protected landscapes, research and experimental forests covering an area of 50 hectares or more; upstream protective forests covering an area of 50 hectares or more; protective forests, used as wind, sand screens, wave breakers, and for reclaiming land from the sea and protecting environment, that cover an area of 50 hectares or more; production forests covering at least 1,000 hectares; 3. Using land subject to the requirement for conversion of land use purposes from arable land for growing wet rice during at least two cropping seasons which covers an area of 500 hectares or more; 4. Moving and resettling at least 20,000 inhabitants in mountainous areas or at least 50,000 inhabitants in other regions; 5. Requiring special legal frameworks or policies subject to the National Assembly's resolutions.
Public investment information must be made publicly available and transparent. Public investment programs and projects shall be subject to the public supervision. Vietnam Fatherland Front Committees at all levels shall take charge of ensuring the public supervision and criticism over investment activities. As for public investment projects, competent authorities may, based on the preliminary assessment of environmental impacts, grant investment policy decisions; based on the environmental impact assessment, grant investment decisions.
The Law further makes provisions, among others, requirements, procedures and processes for granting decisions on policies for investment in public investment programs and projects, procedures for design, evaluation of and decision on investment in public investment programs, communication system and national database regarding public investment activities, rights and responsibilities of Management Units in charge of public investment programs and projects, etc.