Decision No. 22/2003/QD-BTC on financial mechanisms in the use of land funds for creation of infrastructure construction capital

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I 11 Nn 1 q (in ,1. ?OCH\ No. 20 (Li:l•li-'.W0:3) DlJ.,ISlON No. 2212003/UD.,BTC OF H:HRUAHY 111, 200:i ON FINANCIAL MECHANISMS IN TH[ um: OF LAND FUNDS FOH CREATION OF !NFFU\STRUCTURE CONSTRUGTION CAPITAL THE MINISTE:R OF FINANCE f 'ursuant to tlw L.und L.aw am/ the ·f 998 m 1d 2001 1..aws Amending and Supplementing o Numhcn of Articles of the L.and Law; P1 irsuant to the Government's Decree No. 0412000/ ND--CP of r:ebruary 11, 2000 on the implementation of the Law Amending and Supplementing a Number of Articles of the Land Law; Decree No. 6612001/ND--CP of September 28, 2001 amending and supplementing a number of articles of Decree No. 04/2000/ND-CP of Februa,y 11, 2000 on the implementation of the Law Amending and Supplementing a Number of Arlie/es of the Land Law; Pwsuant to the Government's Decree No. 178/CP of October 28, 1994 on the tasks, powers and organizational apparatus of the Ministry of Finance; Attar obtaining the opinions of the ministries, branches and People's Committees of the provinces and centmlly-run cities; at the proposal of the director of the Public Prope,ty Management Department, DECIDES: Article 1.- Scope of application 1. This Decision shall apply to the cases of using land funds for creation of infrastructure construction capital prescribed in Section 2, Chapter IV of U1e Government's Decree No. 04/2000/N D-CP of February ·1-1 , 7000 on the implementation of the Law Amending rn1d S11pplementin9 a Number of Articles of the L:=ind Law, Clause 10, Article 1 of tl1e Governrnent'r; Decree No. 6fl/2001 /ND--CP of September 28, 2001 rnr1endino and supplementing a number of articles of Decree No. 04/?000IND-CP 01' February 11, 2000 on tlrn implE)llll,ntalio11 of tl1e Lt-1w Amendirl(J ,.llld ::;upplurmmting a Number of Articles of thn I. and Law. ?. The, list of infrastructtJre construction prr,j(~CI:'.; tillowcd to11~;e land fund,; for creation o'rc:ipii.iil, wl11d1 hns l\1 :1:11 1pp1ov<:id by the Prime Mini;:.\cr, "ud1 ,,r•.,:: I' 1 oJect; l u c1111 '.; trnct tech n ica I and :~ucicl I i11frc1:;lructurc: wo1k'.; l'11.1tside urban ce111mi; w1d 1ural I lopuhtion qu,.1rief':;' t1 ,Jnspor! .::ind cornrnur1:cation, in1fJ,11ion, c lectridly, WHler sup ply and draina9e, sci 1ools, hospital:, (heaith i,tdtions), public squams, stndiurns and othr,r in fl as tnict ure wo r·ks; • Projects to co11:;ltuct urban infrastructures, .. F•mjecb to co11sltuct infrastructures in population q(J8rters; .. Projects to construct other infrastructure works. 3. Land funcls for creation of infrastrur::ture construction capital ,;ir·e those included in the land use plannings aln-:ady approved by the Prime Minister, including: •- Land assigned with the collection of land use levy; land leased and land assigned in other forms now shifted to assigned land subject to /and use levy ( change of use purposes). 4. Forms of using l.md funds for creation of capital. a/ Assigning land located right at the places where the projects· infrastructures are to be constructed; bl Assigning land located outside the areas where the projects' infrastructures are to be constructed; c/ Assigning land as a result of the expansion of recovered land areas tor projects to build traffic infrastructme works. Such expanded land areas shall be used for creation of infrastructure construction capital; di Using land funds with many advantages for production, bus·,ness, daily life and services for creation of investment capital to build public infrastructures in the localities. Arlicfe 2.-• Subjects of application For domestic econtim\c organizations (hereina\ter also reterred to ai:; investors or organizations for short) whicl1 h:::ive made registration for real-estate deuling activities, med r1ll lnwprescribed capital and techniccil conditions for oxecutin n inves tmont projcr.b, if they wi11 nm"truction bids 01· bnd use eight auction (hetl)i11after· referred to ,ii, land auctions), they i;t,all be i.lS:iigned by the '.:aate lw1d 111uJm 111r-, projects usin9 lcmd fuI1d~: tor c1(}c:itio11 of i11ft-;1str1.1cl:i1re constn1ction (;,1I.lital. r \11 l1 (;ulw ly fo1 c,1se,; of 1101i n~J I and funds for c1u;.1 ti on ol 1.::1r!iti.ll 111 ,dm t11c rw:,vi';i(,)I ,;;; at Point d, Clrn.m(' -1, Arlicle !'Ju. 1 u \ll3,: ~'iilH1 lfo /U (UJ 11-;.'.UiJ:l1 01 /-lc:11\1. U/\/L"I n: i of 1hi~; Doci,;irn;, U ,·,.' :;llbJCd'.: ur dfJiJli1:i1iiur1 ,d1c1II ubo include Vielnai 110:,u i 11d ivid u.:ib ( I 1 ( :n,i 11c.1fle 1· J !dem-,d tu ;.m individuals for ~.\1rnl) whu ,;:1fr:-;Jy all capit::11 ,md technical conditions. Article 3.- Fi11a11cial mc)c!'1ani:,m8 applicable to projocts using land funds tor crc;-1tion of infrastn11:tLJr8 construction capital lnvestrnent proj~.,cts a\lowed io use !and funds for aeation of infrastructure construction capital mw;t be opened to bidding for infrastructunJ construction or land auctions for such land funds as follows: ·· J n an investment project to construct infrastructures, it the bidding for infrastructure construction has been organized, land auctions shall not necessarily be organized, the bid-winning investors shall be assigned by the State land with the collection of land use levy, If land auctions are organized, the bid-winning investors shall be assigned to construct infrastructures. Where only one investor applies for executing the project, if he/she/it satisfies the conditions specified in Article 7 of this Decision, the bidder designation shall be applied. The investors winning the project bidding or land auctions shall not be allowed to sell bids in any form. Article 4.- Listing and publicization of projects using land funds for creation of infrastructure construction capital Basing themselves on the lists of projects using land funds for creation of infrastructure construction capital and the plans on the use of /and funds for creation of infrastructure construction capital, approved by U1e 1:.1rim0 Min"1ster annually under Article 22 of the Govem ment's Decree No. 04/2000/N D-C P of February ·11, 2000 on the irn plementation of the Law amending and supplementing a number ot mtides of the \.ar,d Law, the People's Committees of the pwvinces and centrally--run cities (!1ereinattcr rnforred to as the provincial-level People's Committees for st,ort) i,ht1II direct the elr.lboration ,:md submi:,sion of projects using land funds for creation of infrastructure construction capital for approvc1I; rHJbliciw the following on tl1(·? local ma:;s rnedia (radio nncJ television sti:itions, newspaper!,) for20 days and po:.,t up in cumrnune:;, warrb, towrmhip~, or urban districts, 1-ural districts, towns <.1nrl provincially ru II citie:; whon ldnd is 11scd frn crention of inh"a: ;lructurr) cori~;truction c:.:ipi!'al: 1 / l hn li:;i of infr d,;tnicturt) ,:11111;(1 udion \'/01 k;e: allowecl to us0 l;:md l!mds tor capit,il cre;Jlion, alrcauv npprnved by cornpute11t authori!i(:.-:;, divicli~cJ into iwo p;1rts: al The list of infra~;tructurc construction works to bG opened to bidding, corresponding to iho assigned lanrJ funds; 1)/ The list ot l2rnd funds to he auctioned. corresponding to infrastructure con;,ttuclion works; 2. The list of land funds used for creation of capital for each i nfras tructu re-construction work: locatio r:, acreage, category of land being in u~e, category of la11r:; perrnitted for changing use purpose in line with the planning on the use of the land plots, and other information related to the projects using land funds for creation of infrastructure construction capital. 3 The list of land funds used for creation of capita! to construct public infrastructures in the localities, as prescribed at Point d, Clause 1, Article 1 of this Decision. Article 5,• Bidding for works, \and auctions for creation of infrastructure construction capital Under the provisions of Articles 49, 50, 51, 52 ancl 53 of the Government's Decree No. 88/1999/ND-CP of September 1, 1999 promulgating the Bidding Regulation, the agencies (persons) competent to approve investment projects shall have to direct and or·ganize project bidding. 1. In case of bidding for construction of the projects' infrastructures: al To organize bidding to select investors to execute the projects under the current law provi~;ions on bidding. b/ To determine the price of land assigned to successful bidders fm payment of the works' value-. In this case, the price of assigned land s u!JJect to land use levy is the land price calculated according to tt1e new use purpose. This price n, ust be the-) price for Ira nsferring the land use right for the new use purpose of the land plot for creation of infrastnictum construction c;:ipit,il. On the above--s,1id principle, the lrn,d price w,ed for r;c:1lculating t11e land use levy on tlw kmd plot used for crcJtion of intrnstructur·f! co11structio11 capital shall be determined as bein~1 cq1Jal lo H1ri ;cictudl price for tra11,,ferri11g the riqllt to ui,c ,,1djacent (ne,H"esl) limd areas with the: same um, purpoi,es ,1ccor·dir1ri :n 1he new rn,e puq.·lOS(-, ot such lancl plot; mid crn1cu1Tu1tly II 1~1 followin[J ( llTlt:1/d i ,/1/1 I II. l·fo I '(\i: '• /(:-(1\i Nu }I) ft::-, ·h-'.!i(J'.:j l Ill:: land 1xicu w,cd for c, ilo I l,.1\ 111(-J (:nm 11lil l ~;u!i o: 1 ':; when \lw land tuncls tor cr:)cltiun uf i11frn:,lrudun·i com.;truction ct,pital arc, rc-;coven:;d: ·- The lm1d price ,-1ccordin~1 to tlie new w;r,, purpo',P of the bnd plot used for creation of infrnstructure coni,tn.1ction capihl, pro111ulg:,tcd by the pmvincial--level Pc,O p I e' S Co IT1 Ill itteu,, ill co Ill p!i c1!'1 CP with the Gove1 nn1ent's regulations; The location and infrast1l1cture conditions of the !and plot tmed for creation of infrastructure construction c,,1pital: Other factor,; related to U10 land price. c/ The succc ssfu I bicld ers for infrastructure construction shall be assigned land. The payment value shall be determin(:)d as follows: Tl1e winning bid for infrastructure construction; The land price determined under Point b, Clause 1 of this Article. 2. In case of land auctions: a/ The value of infrastructural works used for payment of the land funds is the cost estimate of the investment project to construct infrastructural works already approved by competent authorities under the current regulations on managernent of capital construction investment. b/ The land p1•ice for payment of infrastructural construction works is the winning bid at the land auction. 3. Tht: su ccessfu I bidders for infrastru ctme construction or successful biciders at land auctions arc investors who offer the lowest bid for infrastructural construction works or the highest land prices in auctions. 4. Where the land funds me used for creation of cnpita! to build public infrastructures under Point d, Clcwse ,J, Article 1 of this /Jecisio11, lam1 audions ,shall be 01·nani;,:ed. All collected lard us~"! levy amount.i, rnw,t be n1,,m,1ried under the law p1ovisiom, on the State b11d9d. Befme holding lcmd ;wctiorh, it it i:,; newsr,my lu invest iri ti 1e rnvn1,1p of lile li md (11 i1w(;:;t i11 the l)u il<1 ing (11 1nf1c.1st1uctural works rn1u ottwr rnlcited wo1h\ thu c11m,1n !aw pro,1ii,iom, on ma11aqn1,1en\ of CA.p1tal c,:,11:;ir uctior1 1nvci,tri-1r ~11[ rnI1'.if bE! cun1pli1 '.d wifh Arlidu Ii.· Coll(Jitior 1.s for :1uctio11i11q L1nU fnr nc,:.ilir.111 , ,I i11f1·,1:;hu! :t11n: r;o111;t111(:\irn1 r;;,pilr11 I, 1.d11d l!l ,l ,, i t(,: U f'.fftlOrl ,,r 11',fi; ,:;i I (1( i l i I(; crn1~,t1uctiur, CiJpi1ai ii; idl1U i11clud,,d ir1 tl1e L:1r1d ui;,; pld1111ing'.-; ( )1· (H1t; 1;kid , :r;m;t11Jctio11 pla11ninq1; Hlrc<·H.1/ appmvcd l:iy r:n111pf,t1;n\ :.iuthnritif,s: 2. L.c:Hid 11,;,.:-;t io1· !"1)sidcnce or a:; gro1111d~; tor producthri, bu,ine,s, .';r,!rvices nnd othr-:'1- pt1rposw, c1ccording to luw provisions. A1ticle 7.• '.3eludiu11 of investors to participate in the t'i iddi nq for i nfras tri J cture cor 1str u ction 01 i 11 land auctions 1. The subjects eligible for participating m bidding for infrastructqre con,,tniction or in land auctions are orgi'rnizations and individur.1ls (as specified in Article 2 oflhfs Decision) wishing fo use and deaf in real est;:Jtes, meeting all capitai and technical conditions and l,aving experiences in executin~J investment projects. ?. Investors wic,f1ing fo participate in the bidding for infmstructurc construction or in land auctions must send to the project owners or agencies competent to approve investment projects or clecide on land auctions (in case of using land funds for creation of capital to construct public infrastructures) the dossiers of application for participation 111 the bidding for works or in land au ct ions. Such a dossie1· com;ist~ of: The business re~Jistration certificate showing business lines compatible witt, investment projects, the self-introduction staternen t enclosed. with documents proving the professional, finan cia I and technical capabilities and pmjcct execution experienc0s: f-'.inancial [;ta!ernents of the latest three yoars; . The plan 011 tt1" implementation of the infrastructure i 1westment project ,J11cl th,~ project on L 1sing tho assiw1cd land fund; The wr-itten 1et.iuest tor participt:1Ung in the bidrling or auction Where an inrJiv11irn1I dpp/ies for prn-ticipatior. in the lw1rJ ,'Juclion as pn.,:-;r :ribed at Point u, Cli'JU'.,e l1; Article ·1 of th i,:, Uccii;ion, nn 1:1 the writter1 req u es I tor pmticipatirn 1 in the auctiun L'llld the p1rn1 on Hie use of the w;,,i:.Jnc•d 1,md fund urc, rnquir(id 3. Condit ior 1'.; 11. ,r !i,) i l'•:Ji nq cr;rn 1(:\1 r1 ic r 1 l"\:J d r 111.a tion,',, wKl/or i11diviciu:-.1!:: to pa1ticip~1tc: in the biddi11u fur inf1;1i;t1udurC·'· um:)n1c1.iun ur in lw1d auclic111!; . .. f·i:.winq bu:.,1nn,:.i; 1 i',:i,;t1·;1li1 Hl u-:rti11c;:i\e:,; curnp;\\ihlr, will I the l,Xc<.:111in11 , ii \f 1:: i11v1 .,,,tnwr 1\ 1)1C1jcch; rio 1 '"· ,,:en- 1; :1rnH) ?clu. :?u ((X>./;. ~--:l}U::)} i hvi11(/ illl (:npil:11 ill:n tcrJ:11ju1i 1:onditiun:, ;1,-; pci,cribed by law; !-laving th,; ph.1n 0ri t\w, \,x1;cutinn oi the infrastructure investment project ;ind tt1n prn;ect m1 ;,si1 ,9 dficiently \lw d'.l\;i91 H:.;d l.,H 1d funu; One organization st I all only \Jo cillowed to I li:1 rticlpate in one bidding unit in a bid package. Whe1-.:1 a corporcJtion (cornpany) participates in a bidding unde1 its narne, its members and subsidiaries shall not be allowed to participate tt1erein ill the cap;.ici!y of independent contractors. In case of land auctions as specified at POrnt d, Clause 4, Article 1 of tt1 is Decision, where the bnd funds put up for auction have been divided into lots for building separate dwelling houses for each household or individual, tl1e individuals participating in such auctions need to have only papers proving their financial capabilities. Attic/e 8.· Organization of land auctions Land auctions shaU be organized as fo!lows·. •· 30 days before conducting land auctions, the Auction Councils (organizing agencies) shall publicly announce the \and lots put up for auction at least twice in two weeks on the mass media such as local radio and television stations, newspapers and other mass media and post up notices at the venues of the auctions, the offices of the People's Committees of the rural and urban districts, towns or provincia!ly•run cities where land auctions are held. The contents of such public hotices include: Tl1e location, acreage, dimensions, cuffent use purposes, land use planning, registration tlmo, auction time and 0Uie1· r·t'ilev,Jnt information. •· Comp!oting procedures for particip;:Jtio11 in the auction. . Introducing the land Jots, land 11se planninq, and conr;trnction plannings of tho land Iott, µ1 it. up fm rn1ction. ·· Orr1,.mizinn the auctioni; on the) princirlc of di1·ect c1uclirn1 aei:ording to the ,iuction requlations c1pprovod by the provincial--level People';; Cornniiltee pm:;illcmts in ~11;C<Hd,.u1cE: with the current law provHrmi; on ,iuc\lon~; A 1tidn !I,· r{e9i~;t1·;,tion o\ p,wtici\ n!ion i11 : 11w.1 i, m:-; II ic ,,;ubj1-,cts '.;;c-,lectcd w1d(•r /\rUcln / ol thii, Ucci:; ii ,i, 11 h 1y I ,·,<q i.::iki' :., nd COi n pie l(·) rnu i:/u'iiliLJ pru, :cdun)t, :it le~1i.,l lwo day:, before the date when tt, a11ctio11 ii; hdrJ. :>.. /\ftcr thei1 do:,siern arc approved by tlie Coundl~ tile mq1~.t0,1 ing org,mizations and individuals rnw,t pa)· ai Depm,it rnoney (guaranty money - advanc n-1oney) dS decided by the provi11cial•level People' Committees fm f)ach auction, wl1ich must not exceed 5'Yr, of the land v::1\ue calculated accmding to the prio of ,.Jdjacent (nearestj laml with similar intrastructur·;; conditions, promulgated by the provincial--level People' Committees. The successf'ul bidders sha\\ have thci deposit rnoney deducted from tJ1e payable land us• levies (for payment), and the unsuccessful bidders sha be refu ndecl the deposit money rigllt afler the auction: close. Where orrianizations and individuals have registered for participation in the land auctions and paic deposit money but fail to participate in the auctions o have won the auctions but refuse to execute the project or withdraw the offered bids, they shall not be refundec the deposit money, wh icl1 shall be remitted into the Sta If' budget. bl Auction participation fee, which must be paid upor, registration of auction participation and shall not bE refunded to the participation-registering organizatiom and individuals. The specific fee rates shall be decidec by the provincial-level People's Committees, suited tc the realities of their localities in accordance with the current law provisions on auctions. Atticle 10.~ Determination of tl,e !and auction reserve prices The reserve prices shall be decided by tl,e Auction CounC1ls, ~/nich are determined under Point b, Clausi:: 1, Article 5 of this Decision and rnust not be lower than the p1·ices of adjz.icP-nt (nearest) land with similar iri fra~;trncture conditions, promulgated by ti ie provincial level People's Committees in compliance with the Gov01·nmenl's ff:f)ulations. Aitic/e 11.- Conduct ot land r~udions 1. P1·nced1H~:~; tor open in~! an m1ction · 111 tmduci1 l\J ti 1r: Cut 111ci I's mern bers, the adm i 11 istr., 1' aml ,1~·;:;i~;trn 11~; (if rn 1yJ. .. Makinq a rol1-c:;ill or U1e people liavinq registered for pa1·ticip,1tioi I in ti 1H ,wet.ion, pnople qualified k,r pi:lllidp,;tio11 in tliu c'1Uclir)ll · l11tr·ur1u~i11u all i:1fo11n:1tio11 rebt,:-d h t11,: l; n,d l\11': pu\ 1Jp I'm aw:tio11, ,m~;weri11g quc, ;tiun;; of IIH) ;J11cli11:1 f kHticiprn ,ts; (Jisll ibutir1t1 bid cards to l,,veiy urqanimliu11 anr.l i11dividual participating in the aucti()r1; cnrnpldit1\J ,,thcr ncu::-;:;; )(y proc:odun::;. 2. Auction fonrn, and order: lo abide by tt10 :..11wtion principfe of directly casting secrel card::;, wh1C11 .ir·n distr·ibutecl by tl1c Council. After tho end of the first auction rouncl (first t'f.iund), thP. Auction Council shall announce the reserve price. · Conducting the au ct ion round by mu nd continuously with the last round being the round when no more bid is offered after the Auction Council announces the highest bid. The highest bidder in tt1is round shall be the auction winner, who shall be pe1rnitted to receive the land use right. If auctions of the land funds for creation of capital to build public infrastructures in the localities under Point d, Clause 4, Article 1 of this Decision involw~ many land lots, the provincial-level People's Committees shall prescribe its form and order in accordance with the law provisions . Article 12.• Consideration and approval of the results of the bidding for works or land auctions Basing themselves on the results of the project bidding or land auctions, the project owners sha!! submit to the People's Committee presidents competent to approve investment projects for approval the results of the project bidding or land auctions, 1n case of land auctions for creation of capita! to build public infrastructures in the localities under Point d, Clause 4, Article 1 of this Decision, the Auction Council$ '.,hall submit to the provincial-level People's Comrnittce presidents for approval the auction results. Attic le 13, - In case of only one investor applyinf.J for project r:xecvtion It only one investor applie$ foi project exei:.:ulion, then· The value of the inff'astructurci wo1I< us,,d 1m paymcn t of the lund fund sh al I be ti H~ cost Hi,1i11 1a 1:t: of tl1e invt➔strnenl project to construct l11u infra"'tructural WO!'k, wiiich has been approved by co1nputr,n! ilut!1or"1tic~. c.1cco1ding to the curiunt n:,q11l,,\iu11.-:; 011 i m1 n,.lr.Jfjffl c-n1t of ca pilal com~tructio 1, i rwn~,tr ne11!: 1,1r, I <i (UJ •·l :,;ncu.: l~c. ')'.' (fl:1 ·4 ;'WI'.:) I h,: l,1!1ci r11k.e ur;t!d it ,1 dclennininq the: 11:1l ue of ti 11 i I: 11H.l fl.mri :1,,:;iqncd tu the inve'.;tcn fo1 pay1nf,nl of u,,, value ol' con~Jruciior1 of infrnstfl.lctun,11 work ii, the k,1 nd pI ice d d,,rn ii 11 (Jd accorcli ng to the pro vision:~ al lloinJ. b, Gl-0)11'"' 1, /'\rridn !i of this Dncision. /lrticle '14.·· Conclusion of contracts Ba:jing thernselvt,s on the bidding (auction) results appmv~d by competent State bodies, the project ownc:-s arid successful bidders for infmstructure construction ()I" at the land use right value auctions shall sign contracts. Such contracts must fully cornply with the law provisions on economic contracts and the re~Julations on management of capital construction investment. Article 15.w Payment, accounting and management of money amounts collected from /and funds for creation of investment capital for infrastructure construction 1. After assigning land to the bid- or auction-winning investors, the provincial-level Finance and Pricing Services shall record as revenues the land use levy equaf to the value of the rand funds assigned to the investors for executing infrastructure construction projects and, at the same time, record the payment of the investment capital for building infrastructure construction of the projects. 2. if the value of the land funds assigned to the investors is larger than the value of the projects' works, the investors must remit the differences in cash into the local budgets. If the value of the land funds assigned to the investors is smaller than the value of the projects' worl<s, tl1e inve~tors shall be paid the differences from the local budgets; sucl1 payment shall corn ply with tl1e law provisions on the order of allocation of investment capital for capilal conslJ'uction. 3. The land use levy amounts collected from !!le lond funds for creation of capital to build public infrastructurni; in the localities prescriberJ at FJoin1 d, Clause /4, Article 1 and Clause 4, Article 5 f1f ti 1it; D(,cision, the car.;11 differences (if any) betwE;lc n the value of the ca pi lal- c1 c:.::iting I and funds and the v;,ilu e of b I Ji It infrm;lt"LKtuml worki, ul eacl"1 pmject shall br, remit1cd into tl1e ::,lntc hudgnt accordinn to the law providon~ on tJ1f, Sta!r- buduot Thew amounts sh;:iJI ho w,;(,d 1,nJy f\"Jf i nvmitrnc: 1 ·,t i1; buildi nn loc;i I i ntr:x;t1·11ctu r0f, ::;if;cmd:n U to t.lw appmvcd projech i'lo. l :\ ,; {f', ti,;). ()\)'.',) No. ;;111Jn .. ,1.)0(}J\ Thro ducurnenls 011 U lC wi 1·1nirn3 , 1i ;111d1r1rn; t 11 winnin~J of bidding for· the coni,tructio11 ,if wurl<~-: 11t1dn1· the projects using land funds for 1:n:c1tio11 o/ irilr,1i;tr'IH::turY) c;om:truction c<.1 pituJ together· vv ill 1 \ ;\111;,, 1, d>.1 ll·J( I cit i::; '., iur :, at, prescribed by !aw shall serve ,1~; a Lio~,h:, tm .:1:"sinn g lm1d to the successful bidders al lrn1d audion:·, m bidding for the construction of works to /Je paid with the c;Jpital creating land funds. The docurnents on Ila:: wi11nintJ of auctions or winning of bids of constructirn 1 wo r'k,;. Ian d c1ssigning decisions of cornpctent State bodies c1nd other related papers shall serve as a b.:isis fm the land assignees to register their land use right. Article 17.~ Rights and ob!lgi1tions of investors winning the bidding for works and land assignees The auction winners that are assigned land must use such land for the right purposes stated in the project documents already approved by competent State bodies. If committing violations, their land shall be recovered unde1· the law provisions on land. The auction winners that are assignod \and or the winners of bidding for infrastructure canstructlon, that are assigned land for payment, shall enjoy the rights of those who are assigned by the State land with the collection of \and use le\!y under the current law provisions. The investors winning the bidding for infrastructure construction shall have to strictly perform t11e contracts s·1g ned with the project owners, ensuring the comm ittod construction progress and volurne. If committing violations, they shall be handled according to the law provisions on economic contracts. Article 18.~ Responsibilities of State bodies 1 . The provincial -level People'~ Cornm\ttees sh~il\ 17,we to: ·- Promulgate regulations 011 and direct the organization of, land auctions, clit'ed thri bidding for infrash·uclure construction; Decide to organ"izr") hir:lrlinri for· "i11h,;1~,trncttne co1w,trudion or land auctions on n r:ac;r: .r.1y r:;i:-;u b::1sis: · Df:cide the land prices for )X1y1 )1('1 II to 11 IC ii l veslo rs in 1·:mfi of project bidd'lllfJ: •· Approve ttie results of tl1c l:111d ;1udi1,r11-; ;wd liir, h:ddir i\J fm intrastn1cture 1.:r111,:tn.wti, 11 i: 4 < ~- y < °' : ; -.~ L 1 ; r. I n.-q·w, :1 a: 1• i i; up('r'Vh,:< IJ1u i: 1 Tilt": 1111.11·1 l<t ii11: 1 -- , 1 :rnci~1l nH:ch~1 ni'.,l ns in th() use: oi lc111[1 tu rid: , i,·, c 1\,utio11 ot i nfri-ls trur:tu re cons tructiu n < :a pita I u 11 du U I ii I )cr;i'.; 1Clt \. 2. ·r:k pr·uvir 1<vic1i Finan(.x: rn 1d Pr-idn[J Services r;fi; 1i w;suming l\1e responsibility for and coord ale w,rr co11cen1ed branches in: ~ C\osf)\y mon\toring the formation and fluctuation:, of the actual price for transferring the land use riqht ;! 1 the localities in order to det.e{rr:\((le. tlv~ lane! fitlc'2:s \~ ,t calculation of the land use levy in case of bidding l::r infrastructure constrliction worl<s or ddennini11q fr;,·, reserve prices for land auctions. Submitting to the provinc\al--leve\ People', ., Cornmittees for approval the land prices in case nf determining land prices and bidding for infrastructur0 construction works In this case, when submitting th,-? !and prices to the provincla!-leve! People's Committef•;·; for approval, the provincial Finance anc! Pricing S81vici-"' must consult the agencies in charge of expertisin11 la Pd and real estate prices (if any); Submitting to the provincial-level People' , Committees far approval the land prices for determining the land funds for payment to the investors; ParHcipatlng in the Land Auction or Bidding Counclls, selecting lnvestors to build infrastructLw• works; Making the budget estimates and the budget settlement of the use of land funds for creation of infrastructure construction capital according to the kiw provisions on the St,:1te·budget; Recording as State budget revenues the land use levy of the land funds for creation of infrastructure constniction capital, recording as S!cJ!e budge' expenditures the capital constru ctior 1 investrnents: Assisting the provincial-level People's C::omrnitten~ in riuiding, inspecting and Sll perv it;ing tlK implementation of this Decision. Article 19.· !rrip\cmentation provhirn) 1 . !)it, provision on \icmd auction~; 1 n ti 1i s Dccisio1 1 ,;hJI\ ai,;o ;~µply l:o tile following cases: .. As,;ignin9 land ~;uh i~ct to land use levy by tr10 111,xlr• ol auction; Non··bw:im<ic; ,1c v:11cie1·; and unit:;, people's ar1 ned force:, unit:·,, p1 )litic;-11 org,1I1 iz:,.1tion::, t;m:io•-pt>litic:1 I orn;i11iz,itin1r, sncii1I 01(!,.111iz; 1liu11~:, •;;ur:k>prui( ,:;);i,itl.-t! UJ\Jd11i7.c1tiu11s i'.1nd economic i,,rirmiz.al.ioni·; w11ich ;i1n permitted by con 1pt1tent :;;tale bod ie~; to \1 an:,fm ti 1c la11, I u~e r.igJil or sell works logf.'ther wWi tunsfnrrin9 lu11d USP right: Assigning land to econornic 01qani?,:1tionc; to l1uilct dwelling houses for sale m lciui,;e (except caso:; ol equitization of State entcrrxir,es and shifting from land lease to land assignment with tl1,, r:ol lection of land 1.n;e levy); Other cases as prescribed by /aw. 2.. This Decision takes effect 15 dnys after its signing. All regulations on the financial mcchanisrr1s in t/1e ur,c of land funds for creation of infrastructure construction capital, which a1·c contrary to tl1is Decision, shall be annulled. Incomplete projects st1all comply witt1 decisions of State bodiei; competent to approve them. Projects which are not yet executed shall cornply with this Decision. Article 20,- The ministers, the heads of !he ministerial-level agencies, the heads of the agencies attached to the Government, the presidents of the People's Committees of the provinces and centrally-• run cities shall, depending on their respective functions, tasks and powers, have to direct concerned vnits to implement this Decisron. If facing any problems in the course of implementation, the ministries, branches and localities should report them to the Ministry of Finance for timely consideration and settlement. Ministor of Finance NGUYEN SINH HUNG N-.1 1:j 1:cn ,, ;!:!);JJ Hu 10 10:'.1 1 '/·:JOJ!