Operation expenses of the Peasant Assistance Fund of Vietnam Peasants’ Association

Expenses of the Peasant Assistance Fund of Vietnam Peasants’ Association include professional operation expenses; expenses paid to officials, public employees and employees and managerial and working-trip expenses, which are specified in Article 9 of Circular No. 69/2013/TT-BTC of the Ministry of Finance of Vietnam as follows:

1. Professional operation expenses include:

- Interests or fee paid for capital amounts mobilized, received as financial aids from domestic and foreign organizations and individuals (if any);

- Expenses for deduction for setting up the credit risk reserve fund as prescribed in Article 7 of this Circular;

- Other professional operation expenses.

2. Expenses paid to officials, public employees and employees of the Peasant Assistance Fund

- Wages, social insurance and medical insurance premiums and other payable wage-based amounts paid to officials and employees of the Peasant Assistance Fund in accordance with the existing regulation of State;

- Allowances paid to officials who are in payroll of agencies of the Vietnam Peasants’ Association at all levels and are assigned to directly manage and administer the Peasant Assistance Fund. The maximum allowance level shall not exceed 0.8 time of the wage level under grades and ranks of the Association’s officials who are assigned to manage and administer the Peasant Assistance Fund;

- Allowances paid to the officials participating in directing and managing and the officials of the Control Board of the Peasant Assistance Fund as prescribed by law (if any).

3. Managerial and working-trip expenses:

- Working trip allowances paid to cadres, public employees and employees of the Peasant Assistance Fund in overseas or domestic trips for work in accordance with regulations of State applicable to the State agencies and public non-business units;

- Expenses for procurement of supplies, office equipment; stationery, documents, books, newspapers and other material;

- Expenses for payment service;

- Expenses for fixed asset depreciation under regulation applicable to the enterprises; expenses for buying the asset insurance; expenses for asset repair and maintenance; expenses for procurement of working tools (for assets under management of the Peasant Assistance Fund);

- Charges for postal and phone services;

- Expenses for hiring the assets and equipment for operation of Peasant Assistance Fund;

- Expenses for conferences, seminars, training courses for officials of Peasant Assistance Fund in accordance with regulations of the State applicable to the State organizations and the public non-business units. The Peasant Assistance Fund may pay assistance amounts for meals, hiring accommodation, charges for travel means to delegates under the regime prescribed by the State;

- Expenses for propagation, printing the documents; transactions, external activities, receipt of guests as prescribed by law;

- Expenses for inspection, supervision and audit in respect to activities of Peasant Assistance Fund;

- Expenses for recovery of the overdue debts;

- Assistance expenses for activities of organizations of the Party, mass organizations of Peasant Assistance Fund;

- Assistance expenses for activities of the Vietnam Peasants Association’s Central Committee and Peasant movements at all levels, the annual expense level must not exceed 10% of the total revenues of the Peasant Assistance Fund;

- Expenses for tax, charges and fee payment as prescribed by Law;

- Other expenses in accordance with regulations of law.

View relevant provisions at Circular No. 69/2013/TT-BTC of the Ministry of Finance of Vietnam, effective from July 15, 2013.

Thu Ba

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE