Use of capital of Vietnam Environment Protection Fund

According to Circular No. 132/2015/TT-BTC, the Fund is used to:

- Provide preferential loans for environmental protection projects across the country;

- Support loan interests for environmental protection projects acquiring loans from credit institutions;

- Sponsor and co-sponsor activities of environmental protection with sources other than expenses from state budget allocated to ministries, sectors and localities for activities of environmental protection;

- Perform a number of financial policies for investment projects according to Clean Development Mechanism (CDM) including:

+ Organize, monitor, manage and collect fees from sale of Certified Emissions Reductions granted to CDM projects implemented in Vietnam by CDM Executive Board;

+ Support activities of dissemination, propagation and enhancement of awareness about CDM projects; examine and grant approval for documents and materials of CDM projects; manage and monitor CDM projects;

+ Subsidize products from CDM projects;

- Subsidize electricity price for wind power projects under the Prime Minister’s decision and applicable regulations;

- Finance activities of coping with climate change as prescribed;

- Undertake programs, projects and other duties assigned by the Prime Minister and the Minister of Natural Resources and Environment;

- Invest in fundamental construction and purchase fixed assets serving operations of the Fund;

- Deposit unemployed capital in commercial banks of high credibility as classified by the State Bank in order to maintain and develop capital to the Fund; The Management Board shall promulgate regulations on management and investment of unemployed capital in commercial banks.

View more details at Circular No. 132/2015/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2016.

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