Provincial People's Committees to balance local budget for implementing Industrial encouragement activities in Vietnam

Provincial People's Committees to balance local budget for implementing Industrial encouragement activities in Vietnam (Internet image) 

Article 16 of Decree 45/2012/ND-CP stipulates that the Provincial People's Committees shall perform the state management of industrial encouragement activities in their localities and have the following tasks and powers:

• Formulating, amending and promulgating strategies, policies and legal documents on industrial encouragement in conformity with law and local realities;

• Formulating, approving and organizing the implementation of local periodic industrial encouragement programs and annual industrial encouragement programs and schemes;

• Making decisions on the forms of providing supports from local industrial encouragement budget for industrial encouragement activities specified in Article 4 of this Decree according to law;

• Assuring local budget for industrial encouragement activities in their localities under this Decree;

• Developing and sending industrial encouragement programs, plans and schemes eligible for national industrial encouragement budget to the Ministry of Industry and Trade for summarization;

• Carrying out inspections and settling complaints and denunciations made during industrial encouragement activities in their localities;

• Establishing relations with domestic and overseas organizations and individuals to attract capital for local industrial encouragement activities;

• Balancing local budget for building offices and procuring equipment for Provincial industrial encouragement centers according to regulations;

• Monitoring, assessing and sending quarterly reports on local industrial encouragement activities to the Ministry of Industry and Trade.

In addition, the Services of Industry and Trade  shall assist Provincial People's Committees in performing the state management of local industrial encouragement activities.

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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