Vietnam’s regulations on ensuring the transparency in activities of non-profit organizations

Specifically, according to Article 12 of Decree No. 116/2013/ND-CP of Vietnam’s Government, regulations on ensuring the transparency in activities of non-profit organizations are as follows:

- Non-profit organizations which are juridical persons or organizations with key operation being mobilization or distribution of capital for the charitable, religious, cultural, educational and social purposes or similar purposes, not for profit purpose, include: Foreign non-governmental organizations, social funds, charity funds established and operate in accordance with Vietnamese law.

- Non-profit organizations must maintain and update:

+ Information about organizations and individuals donating, at least including: Full name; address; the donation amounts;

+ Information about organizations and individuals receiving donations, at least including: Full name; address; the donation amounts; method of donation and purpose of using donation.

- Dossier includes:

+ Information defined in Clause 2 of this Article;

+ Vouchers, documents involving donation and receipt of donation.

Note: Dossiers must be archived by non-profit organizations at least 05 (five) years after ending activities of donation or receipt of donation.

Besides, if a non-profit organization dissolves or ends its operation, dossiers must be handed over to agencies competent to license for establishment and operation in respect to such non-profit organizations.

Moreover, non-profit organizations shall provide dossiers as prescribed to the competent state agencies, including: Agencies managing non-profit organizations in activities of inspection and supervision; agencies for anti money laundering under the State bank of Vietnam; competent agencies in investigation, prosecution and judgment.

State agencies competent to manage non-profit organizations specified in Clauses 5, 6 of this Article include: Ministry of Internal Affairs (for domestic non-profit organizations); the Ministry of Foreign Affairs (for foreign non-profit organizations).

View more details at Decree No. 116/2013/ND-CP of Vietnam’s Government, effective from October 10, 2013.

Ty Na

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