Do not spend more than VND 500,000 for one meeting of the initiative council

This content is stipulated in Circular 03/2019/TT-BTC issued by the Ministry of Finance on January 15, 2019, which regulates the funding sources, contents, and expenditure levels from the state budget for innovation activities.

Accordingly, Circular 03 stipulates that the Innovation Council is established in accordance with the provisions of Article 8 of the Innovation Charter issued together with Decree 13/2012/ND-CP of the Government of Vietnam and the guidance of the Ministry of Science and Technology.

The content and level of meeting expenses of the Innovation Council are implemented as follows:

- Chairman of the Council: Maximum not exceeding 500,000 VND per meeting.- Vice Chairman of the Council, secretary of the Council, and Council members (including experts or individuals with expertise in the field related to the innovation content): Maximum not exceeding 200,000 VND per person per meeting.- Other participants in the Council as decided by the head of the establishment considering the recognition of the innovation: Maximum not exceeding 100,000 VND per person per meeting.- Expenses for documents and office supplies for the Council meeting: Payment according to actual invoices incurred within the approved budget estimate.

See details in Circular 03/2019/TT-BTC effective from March 3, 2019.

-Thao Uyen-

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