What are regulations on mobilization and utilization of other lawful funds for implementation of national target programs in Vietnam?

What are regulations on mobilization and utilization of other lawful funds for implementation of national target programs in Vietnam?

Pursuant to Article 12 of the 27/2022/ND-CP stipulating mobilization and utilization of other lawful funds for implementation of national target programs in Vietnam as follows:

1. Mobilization and utilization of other lawful funds for implementation of national target programs

a) Mobilize and raise funds from enterprises, organizations and individuals which are used for implementation of production supporting projects and other activities prescribed by law.

b) Accept voluntary financial contributions from the public (e.g. in cash, in kind or working days), enterprises and organizations for implementation of national target programs according to the principle that such contributions must be made on a voluntary, transparent and open manner, and accountability for such contributions must be clear in accordance with law.

2. Utilization of other lawful funds for implementation of national target programs

a) Funds raised from enterprises, organizations and individuals through investment attraction policies shall be utilized in accordance with law on investment and other relevant legal normative documents.

b) Contributions (in cash or in kind) of enterprises, organizations and individuals distributed for use in accordance with regulations of local regulatory authorities shall be subject to regulatory provisions of the Law on State Budget and other relevant legal normative documents.

c) Voluntary contributions (in cash, in kind or in working days) of local community to implementation of national target programs shall be directly managed and used by the local community.

What are principles of dedicated policy-based implementation of construction projects in Vietnam?

Pursuant to Article 13 of the 27/2022/ND-CP stipulating principles of dedicated policy-based implementation of construction projects in Vietnam as follows:

1. The public involvement in the process of formulation of dossiers, construction and maintenance shall be required for dedicated mechanism-based implementation of small-scale and uncomplicated-technique construction projects. The percentage of construction projects implemented according to the dedicated mechanism shall be subject to the provincial People’s Council’s decision.

2. The state budget shall provide partial grants while the rest of funds shall come from public contributions and other local lawful funds for implementation of these construction projects. For projects to be carried out at extremely underprivileged communes or villages, the state budget shall offer the full grants. The amount of state budget funding for a single project shall be decided by local regulatory authorities.

3. Public contributions, maybe in cash, in kind or in working days converted into money, must be included in the value of a construction project for the purposes of monitoring and control of agreed contribution rates; must be exempted from being accounted for as state budget revenues or expenditures.

4. Local workforce and materials used for dedicated policy-based implementation of construction projects are preferred. Cost proposals used for formulation of project dossiers shall be formulated according to market prices.

5. The amounts of state budget grants for implementation of construction projects shall be paid on the basis of successfully-tested completed quantities validated by commune-level People's Committees.

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