Legal Counselling

Capital sources for operations of Vietnam Environment Protection Fund

Anh Tú

08:50, 29/09/2015

This content is mentioned in Circular No. 132/2015/TT-BTC providing guidance on financial management mechanisms for Vietnam Environment Protection Fund.

According to Circular No. 132/2015/TT-BTC of the Ministry of Finance of Vietnam, capital for operations of Vietnam Environment Protection Fund comprises:

1. Charter capital

- Charter capital of the Fund to 2017 is VND 1,000 billion. Plan for addition of charter capital to the Fund is prescribed in Clause 1, Article 7 of Decision No. 78/2014/QĐ-TTg;

- Additional charter capital to the Fund comes from the following sources:

+ State budget;

+ Development investment Fund.

2. Annual additional capital for operations comes from the following sources:

- State budget;

- Compensations for damage caused to environment and biodiversity transferred to state budget as prescribed;

- Fees for sale and transfer of Certified Emissions Reductions collected from CDM projects implemented in Vietnam;

- Aids, grants, voluntary contributions, investment trusts from organizations and individuals at home and abroad intended for environmental protection and response to climate change;

- Difference from annual receipts and expenses as prescribed in Point a, Clause 1, Article 15 hereof;

- Other legal capital sources as prescribed.

View more details at Circular No. 132/2015/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2016.

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