Regulations on the Allocation of Budget Expenditures from State Budget Sources and Financial Management Protocols for Investment Promotion Activities.
Norms on the Use of Funds from the State Budget and Financial Management Regulations for Investment Promotion Activities
Pursuant to Article 3 of Circular 80/2022/TT-BTC, the regulations are as follows:
- Expenditures for research on potential, markets, trends, and investment partners: Implemented according to the provisions of Circular 55/2015/TTLT-BTC-BKHCN dated April 22, 2015, of the Inter-Ministries of Finance and Science and Technology, guiding the norms for constructing, allocating, and finalizing budgets for science and technology tasks using state budget funds.
- Expenditures for implementing information technology projects to build, upgrade, operate, and maintain information systems and databases serving investment promotion activities; constructing and managing, maintaining investment promotion information portals and websites from the regular expenditure funds of the state budget.
Implemented according to the regulations on managing investment in the application of information technology using state budget funds, current documents on spending on information technology applications, and economic-technical norms in the field of information and communication.
- Expenditures for training, workshops, capacity building, and skills related to investment promotion: Expenditure content and expenditure levels apply as stipulated in Circular 36/2018/TT-BTC dated March 30, 2018, of the Ministry of Finance, guiding the preparation of estimates, management, use, and finalization of funds for training and fostering officials.
- Expenditures for organizing forums; conferences; seminars; investment promotion dialogues; organizing dialogues between agencies, organizations, enterprises, and investors:
+ Organized domestically: Implemented according to Circular 40/2017/TT-BTC dated April 28, 2017, of the Ministry of Finance, regulating travel and conference expenditure policies.
In case of organizing international conferences and seminars in Vietnam: Implemented according to Circular 71/2018/TT-BTC dated August 10, 2018, of the Ministry of Finance, regulating policies for foreign guests working in Vietnam, policies for organizing international conferences, seminars in Vietnam, and domestic reception policies.
+ Organized abroad: Implemented according to Circular 102/2012/TT-BTC dated June 21, 2012, of the Ministry of Finance, regulating travel expenditure policies for state officials on short-term foreign trips funded by the state budget.
- Expenditures for organizing survey and research teams domestically and abroad; investment promotion delegations by specific topics or partners:
+ Organized domestically: Implemented according to Circular 40/2017/TT-BTC dated April 28, 2017, of the Ministry of Finance, regulating travel and conference expenditure policies.
+ Organized abroad: Implemented according to Circular 102/2012/TT-BTC dated June 21, 2012, of the Ministry of Finance, regulating travel expenditure policies for state officials on short-term foreign trips funded by the state budget.
- Expenditures for translating documents: Implemented according to Circular 71/2018/TT-BTC dated August 10, 2018, of the Ministry of Finance, regulating policies for foreign guests working in Vietnam, policies for organizing international conferences, seminars in Vietnam, and domestic reception policies.
- Expenditure contents:
+ Building images, propagating, advertising, introducing about the environment, policies, laws on investment, potentials, opportunities, and investment connections on mass media domestically and internationally;
+ Supporting, guiding, facilitating investment activities; building publications and documents serving investment promotion activities;
+ Providing information, guiding investors in completing investment procedures and related administrative procedures: Implemented according to Circular 18/2021/TT-BTTTT; Circular 42/2020/TT-BTTTT; economic-technical norms, unit prices issued by competent authorities, and current state expenditure policies and norms.
For the aforementioned expenditure contents, the head of the agency assigned to preside over the task shall decide and be responsible before the law for their decisions.
- Based on the task requirements and the capability of balancing local budgets, the provincial People's Council shall decide on other local-specific content and expenditure levels apart from the policies in clauses 1, 2, 3, 4, 5, 6, 7 of this Article to implement investment promotion activities stipulated in Articles 88, 89 of Decree 31/2021/ND-CP.
Norms on the Use of State Budget Funds and Financial Management Regulations for Investment Promotion Activities
Preparation, Implementation, and Finalization of Funds for Investment Promotion Activities
According to Article 4 of Circular 80/2022/TT-BTC, the preparation, implementation, and finalization of funds for investment promotion activities are stipulated as follows:
The preparation, implementation, and finalization of regular expenditure funds from the state budget for investment promotion activities shall be implemented according to the provisions of the Law on State Budget, Article 92, and Article 97 of Decree 31/2021/ND-CP dated March 26, 2021, of the Government of Vietnam, detailing and guiding the implementation of several articles of the Investment Law and guiding documents.
Sources of Funding for Investment Promotion Activities
According to Article 2 of Circular 80/2022/TT-BTC, the funding sources for investment promotion activities are stipulated as follows:
- Regular expenditure funds of the central budget for national investment promotion activities, investment promotion activities of ministries, central agencies.
- Regular expenditure funds of local budgets for local investment promotion activities according to state budget decentralization.
- Contributions from participating organizations and enterprises;
- Sponsorships from domestic and foreign organizations and individuals;
- Integrated funds in programs and proposals approved by competent authorities;
- Other legitimate funding sources according to the law.
Circular 80/2022/TT-BTC will take effect from February 16, 2023
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