Vietnam: 03 special investment mechanisms for special scientific and technological tasks

According to the Decree No. 95/2014/NĐ-CP of Vietnam’s Government, special investment mechanism for special scientific and technological tasks is prescribed as follows:

- The State shall guarantee sufficient funds for performance of special scientific and technological tasks. These funds shall be mobilized from the state budget and other lawful sources;

- Funds for performance of special scientific and technological tasks shall be approved with the total funding amount and funding sources specified for each task;

- The Minister of Science and Technology shall propose to the Prime Minister special scientific and technological tasks, enclosed with their total investment level and funding structure. The Prime Minister shall decide these tasks according to his/her competence or submit them to the National Assembly for consideration and decision.

Besides, Decree No. 95/2014/NĐ-CP also stipulates method of performing special scientific and technological tasks as follows:

- Special scientific and technological tasks shall be assigned directly to organizations for performance right after they are approved by competent authorities. For urgent special scientific and technological tasks, organizations in charge of such tasks shall promptly carry out them as required by competent state agencies. They will be advanced funds for performance of such tasks and, at the same time, shall make total fund estimates for submission to the competent authorities prescribed at Point c Clause 2 Article 6 of this Decree for approval;

- Organizations in charge of special scientific and technological tasks may open separate accounts for receiving and disbursing fund amounts allocated for performance of such tasks as approved;

- When needing additional funds for the performance of special scientific and technological tasks, organizations in charge of such tasks shall report them to the Ministry of Science and Technology for submission to the competent authorities prescribed at Point c Clause 2 Article 6 of this Decree for decision;

- Organizations in charge of special scientific and technological tasks shall report on the performance of such tasks to competent agencies on a periodic basis or upon request;

- Competent state management agencies shall promptly respond to requests and recommendations made by organizations in charge of special scientific and technological tasks to mobilize social sources for performance of these tasks.

A special scientific and technological task shall be regarded as having been fulfilled after competent state agencies in charge of science and technology issue documents certifying that it has passed the pre-acceptance test.

View more details at Decree No. 95/2014/NĐ-CP of Vietnam’s Government, effective from December 01, 2014.

Le Hai

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