On December 03, 2015, the Government of Vietnam issued the Decree No. 111/2015/NĐ-CP on development of supporting industry.
According to Article 15 of the Decree No. 111/2015/NĐ-CP of the Vietnam’s Government, the People’s Committees of provinces performing the management of the supporting industry development shall be responsible for:
1. Formulate, amend and issue legal normative documents and policies on development and assistance to the supporting industry in accordance with Vietnam law and local conditions.
2. Develop, adopt and implement the Supporting Industry Development Program in located locals.
3. Secure the local budget to organize the Supporting Industry Development Program.
4. Assign a local competent authority to implement the incentive certification, prepare annual aggregate report on incentive-certified projects and submit to the Ministry of Trade and Industry of Vietnam.
5. Promote, mobilize and attract capital invested in the Supporting Industry Development Program in local.
6.Annually report to relevant Ministries and Departments on the progress of development of supporting industry.
Besides, this Decree also stipulates that Ministries, ministerial-level agencies and Governmental agencies shall, within the ambit of their duties and powers, be responsible for coordinating with the Ministry of Industry and Trade of Vietnam in performing the function of state management over the development of supporting industries according to regulations.
View more details at the Decree No. 111/2015/NĐ-CP of the Vietnam’s Government, effective from January 01, 2016.
Ty Na
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