New policies in the middle of May 2022

1. To increase 7.4% of monthly allowances for demobilized armymen

The Circular No. 22/2022/TT-BQP provides for adjustment of monthly benefits for servicemen and cipher officers who are receiving salaries as the ones who were demobilized or resigned.

Accordingly, 7.4% of monthly benefits in December 2021 shall be added to the following formula:

The monthly benefit received from January 2022 = the monthly benefit received from December 2021 x 1,074

The monthly benefit levels for beneficiaries after adjustment are increased are specified as follows:

- From full 15 years to under 16 years, the allowance level is equal to VND 2,031,000/month;

- From full 16 years to under 17 years, the allowance level is VND 2,123,000/month;

- From full 17 years to under 18 years, the allowance level is VND 2,217,000/month;

- Between full 18 years and under 19 years, the allowance level is VND 2,309,000/month;

- Between full 19 years and under 20 years, the allowance level is VND 2,400,000/month.

The above extra allowance shall be applied from January 1, 2022.

2. Regulations on cooperation in vocational education

The Circular No. 05/2022/TT-BLDTBXH provides for the cooperation in running vocational education programs that supplement the regulations on cooperation in vocational education.

Accordingly, the contract for educational association must specify the contents of educational association; rights and obligations of the presiding unit and cooperating units. The contents of the joint training contract shall include:

- Name of academic discipline/field of study, training level or training content; time, location, scale and form of educational association.

- The training program, conditions for quality assurance of facilities and equipment for training.

- Training plans and progress. If the cooperating unit is an enterprise, the location, duration of training and duration of training shall be specified.

- Teachers, instructors; benefits or salaries of teachers and learners who produce the products that meet the specification during the practice (if any).

- Duration of the joint training contract.

- Rights, obligations and responsibilities of the parties to the joint training program.

- Finance for implementing the joint training contract.

- Other related contents.

The Circular No. 05/2022/TT-BLDTBXH dated May 20, 2022 and replaces the Circular No. 29/2017/TT-BLDTBXH dated December 15, 2017.

3. Students provided with loans from May 19, 2022

Decision No. 05/2022/QD-TTg amending Decision No. 157/2007/QD-TTg on credit for students coming into force from May 19, 2022.

Accordingly, the students eligible for loan support are members of households that:

- Poor households defined by law.

- Households living near poverty according to standards as prescribed by law.

- Households with average living standards as prescribed by law.

(Including:

- Poor households defined by law.

- The maximum per-capita income equal to 150% of the average per-capita income of a poor household prescribed by law)

4. Regime of financial management in the form of aid in the form of state budget support

This is the content of the Circular No. 23/2022/TT-BTC dated April 06, 2022 providing guidance on state financial management of foreign non-refundable aid classified as state budget revenues issued by the Minister of Finance.

Accordingly, the financial management regime in the form of State budget support is prescribed as follows:

- Disbursement and payment of aid capital in cash in support of budget:

+ Based on aid agreements, the Ministry of Finance shall coordinate with donors in disbursing aid capital to the state budget and transferring foreign currencies to the state budget's centralized foreign currency fund.

+ For targeted budget support amounts, after aid capital is disbursed into the state budget, based on the approved state budget revenue and expenditure estimates, the estimates may be withdrawn from the State Treasury according to regulations.

- State budget accounting of state budget supports:

+ Recording of state budget revenues: Based on money transfer vouchers of donors and notices of finance agencies, the State Treasury shall account state budget revenues in Vietnam dong.

(According to Circular No. 225/2010/TT-BTC , the State Treasury shall record state budget revenues as prescribed (if the revenues in foreign currencies are transferred as prescribed).

+ Recording of state budget expenditures: The state budget expenditures and accounting shall be subject to laws and regulations on the state budget.

The Circular No. 23/2022/TT-BTC comes into force from May 20, 2022 and replaces the Circular No. 109/2007/TT-BTC dated September 10, 2007 and the Circular No. 225/2010/TT-BTC dated December 31, 2010.

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