Circular 177: Regulations on 03 sub-accounts of Account 161 – Project expenditure in Vietnam

Circular 177: Regulations on 03 sub-accounts of Account 161 – Project expenditure in Vietnam​ (illustrative image)

Circular 177/2015/TT-BTC specifically stipulates that Account 161 - Project Expenditure comprises 3 sub-accounts at level 2:

1. Account 1611 - Expenditure from State Budget Allocations: Reflects project expenditures from state budget allocations.

Account 1611 includes 2 sub-accounts at level 3:

• Account 16111 - Project Management Expenditure: Reflects project management expenditures from state budget allocations;
• Account 16112 - Project Implementation Expenditure: Reflects project implementation expenditures from state budget allocations.

2. Account 1612 - Expenditure from Aid Funds: Reflects project expenditures from aid funds.

Account 1612 includes 2 sub-accounts at level 3:

• Account 16121 - Project Management Expenditure: Reflects project management expenditures from aid funds;
• Account 16122 - Project Implementation Expenditure: Reflects project implementation expenditures from aid funds.

3. Account 1618 - Expenditure from Other Sources: Reflects project expenditures from other sources outside of state budget allocations or aid funds.

Account 1618 includes 2 sub-accounts at level 3:

• Account 16181 - Project Management Expenditure: Reflects project management expenditures from other sources;
• Account 16182 - Project Implementation Expenditure: Reflects project implementation expenditures from other sources.

For details, please refer to Circular 177/2015/TT-BTC effective from January 1, 2016.

Ty Na

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