What day is October 14? What is operation capital source of Peasant Assistance Fund in Vietnam?

What day is October 14?

Pursuant to Section 2 of the Plan for organizing the celebration of public holidays in 2010 issued with Decision 2218/QD-TTg in 2009 as follows:

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VI. 80th Anniversary: Traditional Day of the Central Office of the Communist Party and Party Committee Offices (October 18, 1930 – October 18, 2010), Traditional Day of the Communist Party’s Organization Building (October 14, 1930 – October 14, 2010), Traditional Day of the Propaganda Sector (August 1, 1930 – August 1, 2010), Traditional Day of the Communist Party's Mass Mobilization Work (October 15, 1930 – October 15, 2010).

The Central Office of the Communist Party, the Central Organization Commission, the Central Propaganda Commission, and the Central Mass Mobilization Commission are responsible for developing an organizing scheme to submit to the State-level Organization Committee for approval of significant holidays.

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VIII. 80th Anniversary of the Founding of the Vietnam Farmers' Union (October 14, 1930 – October 14, 2010)

The Vietnam Farmers' Union is responsible for developing a scheme to present to the State-level Organization Committee for approval of significant holidays.

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Thus, October 14 is the traditional day of the Communist Party’s Organization Building sector.

Additionally, October 14 is also the founding day of the Vietnam Farmers' Union.

What day is October 14? What is operation capital source of Peasant Assistance Fund in Vietnam?​ (Image from the Internet)

What is operation capital source of Peasant Assistance Fund in Vietnam?

Pursuant to Article 3 of Circular 69/2013/TT-BTC stipulating the sources of operating capital:

Article 3. Sources of operating capital

1. The operating capital of the Peasant Assistance Fund is formed from the following sources:

a) Owner’s equity:

- Capital allocated by the state budget (for the Central Peasant Assistance Fund allocated by the central budget; for provincial and district Farmers’ Support Funds allocated by the provincial and district budgets, respectively);

- Capital mobilized or received from sponsorships from organizations and individuals inside and outside the country to develop agriculture and rural areas;

- Annually self-supplemented capital.

b) Capital entrusted by the State and by domestic and foreign organizations for the development of agriculture and rural areas.

c) Other legal sources as prescribed by law.

2. The Peasant Assistance Fund is not allowed to raise capital or borrow funds in the form of savings deposits, or issuance of promissory notes, treasury bills, bonds, and cannot engage in commercial borrowing from organizations or individuals like the operations of banking institutions.

According to the aforementioned regulations, the operating capital of the Peasant Assistance Fund is formed from the following sources:

- Owner’s equity

- Capital entrusted by the State, by domestic and foreign organizations for the development of agriculture and rural areas

- Other legal sources as prescribed by law

What are the basic contents of the Charter of organization and operation of the Peasant Assistance Fund in Vietnam?

Pursuant to Article 8 of Decree 37/2023/ND-CP stipulating the Charter of organization and operation of the Peasant Assistance Fund in Vietnam:

Article 8. Charter of organization and operation of the Peasant Assistance Fund

1. The Charter of organization and operation of the Peasant Assistance Fund includes the following basic contents:

a) Name and main office location;

b) Legal status, legal representative;

c) Principles and scope of operation;

d) Charter capital;

dd) Organizational and management structure;

e) Functions and tasks;

g) Functions, tasks, and powers of the Board of Directors, the Executive Committee, and the Supervisory Board;

h) Standards, conditions, planning, and appointment of managerial positions;

i) Recruitment of labor, planning, and appointment of other leadership positions;

k) Accounting, financial, and auditing regime;

l) Procedure for amending and supplementing the organization and operation bylaw;

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Thus, the Charter of organization and operation of the Peasant Assistance Fund includes the following basic contents:

- Name and main office location

- Legal status, legal representative

- Principles and scope of operation

- Charter capital

- Organizational and management structure

- Functions and tasks

- Functions, tasks, and powers of the Board of Directors, Executive Committee, and Supervisory Board

- Standards, conditions, planning, and appointment of managerial positions

- Recruitment of labor, planning, and appointment of other leadership positions

- Accounting, financial, and auditing regime

- Procedure for amending and supplementing the organization and operation bylaw

- Relationship and responsibilities between the Peasant Assistance Fund and state management agencies, and borrowers of the Peasant Assistance Fund

- Resolution of disputes, division, merger and dissolution

- Other contents as required for management