15:37 | 11/08/2022

What are regulations on entry and approval of annual estimates on the Treasury and Budget Management Information System (TABMIS) in Vietnam?

What are regulations on signing, amending, supplementing and renewing international treaties or agreements on ODA and concessional loans in Vietnam? What are regulations on entry and approval of annual estimates on the Treasury and Budget Management Information System (TABMIS) in Vietnam?

Thank you!

What are regulations on signing, amending, supplementing and renewing international treaties or agreements on ODA and concessional loans in Vietnam?

Pursuant to Article 55 of the Decree 114/2021/ND-CP stipulating as follows: 

Signing, amending, supplementing or renewing international treaties on ODA and concessional loans shall comply with the regulations laid down in Chapter IV herein and Article 29 of the Law on Public Debt Management.

What are regulations on entry and approval of annual estimates on the Treasury and Budget Management Information System (TABMIS) in Vietnam?

Pursuant to Article 67 of the Decree 114/2021/ND-CP stipulating as follows: 

1. As for the central budget, based on the budget estimates approved by the National Assembly and assigned by the Prime Minister, the managing agency shall allocate and enter estimated fund for the Ministry of Finance's verification and approval of estimates comprising funds derived from ODA, concessional loans and ODA grants associated with foreign donors' loans on TABMIS as per regulations on TABMIS operation and applicable guiding documents.

2. As  for  local  budget,  based  on  the  budget  estimates  approved  by  the provincial  People's  Councils  and assigned by the provincial People's Committees, the provincial Departments of Finance shall enter and verify capital investment plans and recurrent expenditure estimates from ODA loans and ODA grants associated with foreign donors' loans and concessional loans as targeted local budget support; the Government's ODA loans and ODA grants associated with foreign donors' loans for on-lending to local budget on TABMIS according to applicable regulatory provisions.

3. The entry of estimates into TABMIS must ensure the correct source of granted ODA and concessional loans, targeted local budget support via on-lent ODA and concessional loans to localities as well as assigned portfolio and norms assigned by the competent authorities (for targeted local budget support).

Best regards!

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