Periodic assessment of the implementation of industrial encouragement policies carried out by the Ministry of Industry and Trade of Vietnam

Periodic assessment of the implementation of industrial encouragement policies carried out by the Ministry of Industry and Trade of Vietnam (Internet image)

Article 15 of Decree 45/2012/ND-CP stipulates that the Ministry of Industry and Trade of Vietnam shall assist the Government in performing the state management of industrial encouragement as follows:

- Formulating and submitting legal documents on industrial encouragement to competent agencies for promulgation;

- Formulating national industrial encouragement programs in each period for making submission to the Prime Minister for approval. Organizing and guiding localities in implementing industrial encouragement activities under approved programs;

- Formulating and organizing the implementation of annual national industrial encouragement plans and schemes, assuring their conformity with periodic national industrial encouragement programs approved by the Prime Minister;

- Leading and cooperating with other Ministries, sectors and localities in guiding and handling problems related to industrial encouragement activities;

- Cooperating with domestic and foreign organizations and individuals in attracting capital and resources serving industrial encouragement activities;

- Inspecting, settling complaints and denunciations made during national industrial encouragement activities;

- Monitoring, assessing, summarizing, and send annual reports on the implementation of industrial encouragement programs and plans nationwide to the Prime Minister.

In addition, the Ministry of Planning and Investment shall be in charge and cooperate with other ministries and sectors and localities in summarizing and proposing the Government to allocate budget from the central budget's development investment capital to build offices and procure equipment for local national industrial encouragement centers and provide supports for the building of offices and equipment procurement for industrial encouragement centers of localities facing difficult socio-economic conditions according to law.

 The Ministry of Home Affairs shall be in charge and cooperate with the Ministry of Industry and Trade in, guiding the functions, tasks, powers, organizational structures and payroll of Provincial industrial encouragement centers.

Ministries, ministerial agencies and governmental agencies shall cooperate with the Ministry of Industry and Trade in performing the state management of industrial encouragement activities within the ambit of their tasks and powers as prescribed.

More details can be found in Decree 45/2012/ND-CP, which comes into force from July 5, 2012.

Le Vy

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