What are sources for funding for implementation of the Program No. 844 in Vietnam?
What are sources for funding for implementation of the Program No. 844 in Vietnam? Thank you!
Pursuant to Article 2 of the Circular 45/2019/TT-BTC (takes effect from 05/9/2019), funding for implementation of the Program No. 844 shall be derived from the following sources:
1. State budget expenditures on scientific and technological investment and development specified in annual estimates made by Ministries, central and local regulatory authorities shall be used for carrying out investment and construction activities referred to in point 1 and 2 of Section III of Article 1 in the Prime Minister’s Decision No. 844/QD-TTg dated May 18, 2016, granting approval for the Program No. 844. Distribution, management and use of this funding source shall be subject to the Law on Public Investment, the Law on State Budget and other instructional documents thereof.
2. State budget expenditures on public scientific and technological services in annual estimates made by Ministries, local and central regulatory bodies authorized by the Law on State Budget shall be used for performing the following tasks:
a) Tasks specified in point 3, 4, 5, 6, 7, 8, 9 and 11 of Section III of Article 1 in the Prime Minister’s Decision No. 844/QD-TTg dated May 18, 2016, approving the Program No. 844; general activities and regular duties defined in the Program No. 844. Details and amounts of this funding source shall be subject to provisions set forth in Chapter II herein.
b) Providing partial financial support for initial repair projects (including repair, renovation, purchase and installation of equipment necessary for these projects) and installation of information technology infrastructure if the entity receiving such support has provided premises and infrastructure available for the concentrated zone accommodating innovative startup services prescribed in point 2 of Section III of Article 1 in the Prime Minister’s Decision No. 844/QD-TTg dated May 18, 2016, granting approval for the Program No. 844.
Depending on the balancing capacity of the annual budget, Ministers, central regulatory authorities, Chairmen/Chairwomen of People's Committees of provinces and centrally-affiliated cities (with respect to those projects under their delegated authority) may issue specific decisions on approval of appropriate projects in initial repair and installation of information technology infrastructure available for concentrated zones providing services necessary for innovative startups falling within their remit. The maximum support amount is 1,000,000,000 (one billion) dong/project approved by the competent regulatory authority.
3. Capital of the National Technological Innovation Fund and the Science and Technology Development Fund of Ministries, central and local regulatory authorities and out-of-state-budget financial funds may be used for financing and supporting tasks included in the Program No. 844 provided that such capital falls under duties and support amounts specified in Statutes and Financial Regulations of each Fund.
The state budget shall not subsidize tasks specified in the Program No. 844 if these tasks have already been subsidized by capital of the National Technological Innovation Fund and the Science and Technology Development Fund of Ministries, central and local regulatory authorities and other out-of-state-budget financial funds at the same time.
4. Other funding sources, including:
a) Capital provided by entities or persons involved in performing tasks specified in the Program No. 844.
b) Capital provided by Science and Technology Development Funds of enterprises, domestic and overseas investment funds as financing and financial support for tasks included in the Program No. 844.
c) Capital called for from other legitimate sources.
Above are sources for funding for implementation of the Program No. 844 in Vietnam.
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