Law No. 58/2024/QH15 on Public Investment.

The Law provides a comprehensive legal framework for managing public investment activities. It defines the scope, regulated entities, and key principles governing public investment, including transparency, efficiency, and alignment with socio-economic development strategies. The law outlines the classification of public investment projects by significance and scale (national, group A, B, C), and details the sectors eligible for public investment, such as infrastructure, education, healthcare, and environmental protection. It also establishes procedures for formulating, appraising, and approving investment policies and decisions, including those involving ODA funds and foreign concessional loans. The Law emphasizes the importance of feasibility studies, investment policy proposal reports, and the roles of various government bodies at national and local levels in decision-making and oversight.
Additionally, the Law sets out mechanisms for planning, implementing, monitoring, and evaluating public investment plans, both medium-term and annual. It mandates the creation of a national database for public investment and prescribes responsibilities for authorities, organizations, and individuals involved in public investment activities. The Law includes provisions for public supervision, especially for projects with significant social or environmental impacts, and outlines prohibited acts to prevent corruption and misuse of funds.