Management of the Overseas Employment Support Fund in Vietnam
What are regulations on management of the Overseas Employment Support Fund in Vietnam? Thank you!
Content of expenditure of the Overseas Employment Support Fund in Vietnam
Based on Article 22 of Decision 40/2021/QD-TTg (effective from February 21, 2022), the content of expenditure of the Overseas Employment Support Fund are regulated as follows:
1. Expenditure for workers and managers, including: wages, salaries, allowances, bonuses, and other wage-related expenses; contributions based on wages (social insurance, health insurance, unemployment insurance, trade union fees); rewards and welfare expenses; other expenses for officials, public employees, employees, and managers as regulated by law.
2. Expenditure for management activities, including: administrative expenses, training expenses; research, scientific, and technological application expenses; information and propaganda expenses; expenses for party and mass organization activities; office supplies, document files, newspapers, and books expenses; electricity, water, postal, and telecommunication expenses; expenses for purchasing goods and services; conference, workshop, and training expenses; transaction and international cooperation expenses; inspection and supervision expenses; expenses for domestic and foreign consulting experts; transportation expenses and other expenses for management activities.
3. Expenditure for investment in construction, procurement, maintenance, and repair of assets; depreciation of fixed assets; rental expenses for assets and offices; asset liquidation expenses; expenses for purchasing tools and equipment; other expenses for asset management and utilization; expenses for the application of information technology, construction of databases serving the management and operation of the Fund.
4. Other expenditures as regulated.
Management of the Overseas Employment Support Fund in Vietnam - image from internet
Level of expenditure for Overseas Employment Support in Vietnam
Based on Article 23 of Decision 40/2021/QD-TTg (effective from February 21, 2022), the level of expenditure for the Overseas Employment Support Fund is regulated as follows:
1. Based on the financial situation, the fund implements a self-payment mechanism for salaries in public career units in the field of economic careers and other careers, ensuring regular and investment expenditures. It determines the salary level for officials, public employees, and workers, as well as contract-based remuneration (if applicable).
2. For expenditure items that have predetermined economic and technical norms, the fund follows the regulations of the competent state agency. Based on practical requirements, actual market prices in the area where the fund is based, and financial capabilities, the fund's management agency determines the expenditure level in accordance with the internal spending regulations of the unit. It is also responsible for ensuring service quality standards as stipulated.
3. For expenditure items that do not have predetermined norms according to the regulations of the competent state agency, the fund determines the appropriate expenditure level based on the actual situation and establishes detailed regulations within its internal spending regulations. The fund's management agency is responsible for making these decisions.
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