What is investment supervision?

Pursuant to Clauses 1, 2, 3, Article 3 Decree 29/2021/ND-CPInvestment supervision is the activity of monitoring and checking investment.

In there:

- Monitoring investment programs and projects is a regular activity and periodically updates information related to the implementation of programs and projects;

+ Synthesize, analyze, evaluate information, propose options to serve decision-making at all levels of management to ensure investment programs and projects are implemented according to objectives, on schedule, and ensure quality and within the framework of identified resources.

- Inspection of investment programs and projects is a scheduled or unscheduled activity to check the compliance with regulations on program and project management by relevant agencies, organizations and individuals. :

+ Timely detect errors and weaknesses in program and project management according to the provisions of law;

+ Proposing competent authorities to handle arising problems and violations of regulations on program and project management;

+ Monitor the handling and implementation of measures to handle detected problems.

In addition, investment supervision includes supervision of investment programs and projects and overall investment supervision.

Who is responsible for supervising foreign investment projects?

Compare with the provisions in Article 75 Decree 29/2021/ND-CP Regarding responsibility for monitoring foreign investment projects:

Accordingly, the following subjects are responsible for supervising investment projects abroad:

- Investors, people with authority to decide on project investment, and state ownership representative agencies shall monitor and inspect the project investment process according to the content and criteria approved in the decision. intend to invest.

- State management agencies in charge of investment and specialized state management agencies monitor and inspect projects within the scope of management.