Law Amending Article 18 of the Law on State Investment 2015

关于修订2015年《国家投资法》第18条的法律

ກົດໝາຍວ່າດ້ວຍ ການປັບປຸງມາດຕາ 18 ຂອງກົດໝາຍວ່າດ້ວຍການລົງທຶນຂອງລັດ ສະບັບປັບປຸງປີ 2015

Document No.: 74/NA
Issued by: 老挝国会 National Assembly (ສະພາແຫ່ງຊາດ)
Date issued: 2024-12-12

Summary

This Law stipulates amendments to Article 18 of the 2015 Law on National Investment, aiming to adjust the relevant provisions on investment management. This amending law explicitly replaces the specific wording of certain provisions in the original law, with the purpose of improving the legal regulations in the field of investment, and applies to relevant entities conducting investment activities in accordance with this Law.

Articles

Article 1

Article 1 Purpose
This Law stipulates the content of amendments to Article 18 of the Law on State Investment (No. 72/NA, promulgated on December 15, 2015), to adapt to the socio-economic development situation, aiming to ensure transparency in investments using the state budget, maintain economic stability, and create conditions and facilitate local authorities in exercising their powers in investment approval effectively and efficiently.

Article 2

Article 2. Legal Provisions to Be Amended
The content of the legal provisions to be amended is as follows:
Article 18. General State Investment Projects
General state investment projects refer to state investment projects established by ministries, ministry-equivalent state agencies, or local administrative authorities to implement key tasks identified in their respective sector development plans.
General state investment projects are classified into five categories as follows:
1. Category V state investment projects refer to projects with a value exceeding 400 billion (four hundred billion) Kip and an implementation period not exceeding seven years;
2. Category IV state investment projects refer to projects with a value exceeding 200 billion (two hundred billion) Kip up to 400 billion (four hundred billion) Kip and an implementation period not exceeding six years;
3. Category III state investment projects refer to projects with a value exceeding 100 billion (one hundred billion) Kip up to 200 billion (two hundred billion) Kip and an implementation period not exceeding five years;
4. Category II state investment projects refer to projects with a value exceeding 50 billion (fifty billion) Kip up to 100 billion (one hundred billion) Kip and an implementation period not exceeding four years;
5. Category I state investment projects refer to projects with a value below 50 billion (fifty billion) Kip and an implementation period not exceeding three years.
Category II, III, IV, and V state investment projects shall use the portion of the state's annual investment expenditure; Category I state investment projects shall use other funding sources not part of the state's annual investment expenditure, as determined by the government.

Article 3

Article 3 Replacement of the Content of Certain Articles of the Law
This Law replaces the content of Article 18 of the Law on Investment (No. 72/NA, promulgated on December 15, 2015).

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