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Citizens to supervise investment projects

Citizens will have the right to supervise investment projects at grassroots level through Community Boards of Investment Supervision from October 20, according to the Government's new decree on invest
Citizens to supervise investment projects ảnh 1Illustrative image (Photo dantri.com.vn)
 

 Citizens will have the right to supervise investment projects at grassroots level through Community Boards of Investment Supervision from October 20, according to the Government's new decree on investment supervision and valuation.

Under the new decree, boards formed by residents not holding posts in communal agencies or having relationships with investors or contractors will be able to request detailed information regarding investment plans in their locality from state management agencies.

The board can also request information from developers and investors such as detailed land and architectural plans, compensation, site clearance and resettlement schemes, plans for waste treatment and environmental protection.

For projects using community resources, developers and investors can be requested to provide information on the process, technical rules, categories and norms of supplies; acceptance test results and construction settlement.

Citizens are able to recommend the suspension of the investment or operation of the project to relevant authorities if they suspect illegal activities are occurring. They can also do so if investors do not provide public information about projects as required by law.

The decree aims to guarantee investment activities are in accordance with approved plans, consistent with the goal of socio-economic development and reduce the waste of state capital and property.-VNA

VNA
# investment projects #decree #Community Boards of Investment Supervision
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