Fund for Development Investment of Development Bank: What Is It Used For?
According to Clause 4, Article 27 of Decree 46/2021/ND-CP on the management and utilization of funds, in which:
The Development Investment Fund shall be used for:
- Investing in the expansion of operational scale and modernization of equipment, working conditions of the Development Bank, and additional charter capital for the Development Bank;
- The Board of Directors of the Development Bank shall decide on the use of the development investment fund; determine the forms and measures of investment in accordance with regulations applicable to a single-member limited liability company wholly owned by the State.
Respectfully!
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