Functions and duties of the department of Planning and Investment

Functions and duties of the department of Planning and Investment

1. Submits to the Provincial People's Committee for promulgation decisions and directives on the management of plans and investment under the management of the department according to the provisions of law, the decentralization of the ministry of Planning and Investment and taking responsibility for the contents of the submitted documents.

2. Submits to the Provincial People's Committee for decision the assignment and decentralization of the management of planning and investment domains to the district-level People's Committee and departments, branches and divisions according to the provisions of law; guides and inspects the implementation of such decentralization regulations.

3. Organizes, guides, inspects and takes responsibility for organizing the implementation of legal documents on plans and investment in localities; includes strategies, socio-economic development plans of the whole country in the province and issues related to the formulation and implementation of plans and use of resources for socio-economic development of the province.

4. Plans:

    4.1. Assumes, sums up and submits to the Provincial People's Committee long-term, 5-year plans and annual plans, arrangement of investment capital plans of local budget; majors socio-economic balances of the province; includes balancing consumption, balancing development investment capital and financial balance.
Announces and takes responsible for organizing the implementation of the master plan for socio-economic development of the province after it is approved in accordance with regulations.

    4.2. Submits to the Provincial People's Committee programs for implementation of the socio-economic development plan according to the Resolution of the Provincial People's Council and takes responsibility for monitoring and summing up the implementation of the monthly, quarterly and annual plans to report to the provincial People's Committee on regulating and coordinating the implementation of major socio-economic balances of the province.

    4.3. Takes responsible for managing and administering a number of areas for implementation of the plan assigned by the Provincial People's Committee.

    4.4. Guides the departments, branches, sectors, the People's Committee of districts and towns to develop the master plan in line with the province's general plan for socio-economic development.

    4.5. Appraises the plans of departments, branches and sectors and People's Committee of district in conformity with the provincial socio-economic development plans for submission to the Chairman Provincial People's Committee approved.

    4.6. Coordinates with the department of Finance to make provincial budget estimate and allocate funds to provincial units for submission to Provincial People's Committee.

5. Domestic and foreign investment:

    5.1. Submits and takes responsibility for the contents of documents to the Provincial People's Committee on the list of domestic investment projects and projects calling for foreign investment capital for each plan period and adjustment when necessary.

    5.2. Submits and takes responsibility for the contents of the documents submitted to the Provincial People's Committee on the total investment capital of the whole province; allocates the investment capital structure by branches and domains, lists the investment projects and the capital levels for each state budget-managed project; the annual state credit support total, joint stock and joint venture capital of the state; synthesizes the plan on allocation of investment capital and non-business capital of national target programs, other programs and projects managed by the province in localities.

   5.3. Assumes and coordinates with the department of Finance and concerned departments, branches and sectors supervising, inspecting and evaluating investment efficiency of mechanical construction projects, national target programs, other programs and projects managed by the province.

     5.4. Appraises investment projects under the deciding competence of Chairman of the Provincial People's Committee; issues investment incentive permits for investment projects into the province as decentralized.

     5.5. Assists the Provincial People's Committee in managing the domestic investment and foreign direct investment activities in the province according to the provisions of law; organizes investment promotion activities, guides investment procedures and granting investment licenses under its competence.
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