Vietnam: Guidelines for estimation of state budget funds for science and technology

11:00, 21/10/2014

On October 17, 2014, the Government of Vietnam issued the Decree No. 95/2014/NĐ-CP on investment in, and the financial mechanism applicable to, scientific and technological activities.

Hướng dẫn lập dự toán ngân sách nhà nước cho khoa học và công nghệ, 95/2014/NĐ-CP

According to the Decree No. 95/2014/NĐ-CP of Vietnam’s Government, estimation of state budget funds for science and technology is guided as follows:

- The Ministry of Planning and Investment shall make and submit to the Government science and technology development investment estimates according to the estimates proposed by the Ministry of Science and Technology. If making changes to the estimates proposed by the Ministry of Science and Technology, the Ministry of Planning and Investment shall notify these changes to the Ministry of Science and Technology;

- The Ministry of Finance shall make and submit to the Government science and technology non-business expenditure estimates according to the estimates proposed by the Ministry of Science and Technology. If making changes to the estimates proposed by the Ministry of Science and Technology, the Ministry of Finance shall notify these changes to the Ministry of Science and Technology;

- Provinces and centrally run cities shall, based on their allocated annual budgets for science and technology, formulate plans on allocation of investment development and nonbusiness operation funds for science and technology at levels not lower than the levels assigned by the central budget.Provincial-level Planning and Investment Departments shall make and submit to provincial-level People’s Committees science and technology development investment expenditure estimates according to the estimates proposed by provincial-level Science and Technology Departments. If making changes to the estimates proposed by provincial-level Science and Technology Departments, provincial-level Planning and Investment Departments shall notify these changes to provincial-level Science and Technology Departments before submitting the estimates to provincial-level People’s Committees.

Provincial-level Finance Departments shall make and submit to provincial-level People’s Committees science and technology non-business expenditure estimates according to the estimates proposed by provincial-level Science and Technology Departments. In case of making changes to the estimates proposed by provincial-level Science and Technology Departments, provincial-level Finance Departments shall notify these changes to provincial-level Science and Technology Departments before submitting the estimates to provincial-level People’s Committees.

View more details at Decree No. 95/2014/NĐ-CP of Vietnam’s Government, effective from December 01, 2014.

Le Hai

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

49 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email [email protected]