On October 17, 2014, the Government of Vietnam issued the Decree No. 95/2014/NĐ-CP on investment in, and the financial mechanism applicable to, scientific and technological activities.
According to Clause 2 Article 16 of Decree No. 95/2014/NĐ-CP of Vietnam’s Government, the process and procedures for partial fund assignment for state budget-funded scientific and technological tasks are as follows:
- The organization or individual assigned to perform scientific and technological tasks finalizes fund explanations and estimates of scientific and technological tasks and sends them to a competent state agency;
- The head of the competent state agency considers and approves fund explanations and estimates of scientific and technological tasks, specifying the task parts and funds eligible for fund assignment; the signing of contracts for performance of national-, ministerial- and provincial-level scientific and technological tasks must comply with Clause 2, Article 27 of the Law on Science and Technology of Vietnam;
- Science and technology development funds of relevant levels or competent state agencies allocate funds for performance of scientific and technological tasks according to the contents, objectives, requirements and schedules of scientific and technological contracts;
- State budget-funded scientific and technological tasks eligible for partial fund assignment shall be regarded as having been completed after a science and technology competent state agency gives a written certification that the pre-acceptance test result is at least pass;
- A contract on performance of scientific and technological tasks shall be liquidated after the task performance result is certified in writing by a competent state agency in charge of science and technology and the registration of task performance results is certified by a competent state agency in charge of registration and preservation of scientific and technological task performance results.
Besides, the allocated funds shall be finalized after scientific and technological tasks are completed and the related parties liquidate scientific and technological contracts by the method of finalization of funds for both tasks eligible and tasks ineligible for fund assignment. For scientific and technological tasks performed over many years, organizations and individuals in charge of performing these tasks shall annually summarize and report on the actually received and used funds according to the budgetary year.
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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