Vietnam: Allocation of budget estimates for science and technology

According to the Decree No. 95/2014/NĐ-CP of Vietnam’s Government, after the total budget estimate is approved by the National Assembly, funds for science and technology shall be allocated as follows:

- Science and technology development investment funds, funds for regular operations and contingency funds included in science and technology non-business funds shall be allocated in accordance with the Law on State Budget of Vietnam;

- Funds for performance of scientific and technological tasks shall be allocated as follows:

+ Funds for performance of national-level scientific and technological tasks shall be transferred to the National Science and Technology Development Fund.

+ Funds for performance of ministerial- and provincial-level science and technology tasks shall be transferred to science and technology development funds of ministries, ministerial-level agencies, government-attached agencies, provinces and central-affiliated cities. For a ministry, ministerial-level agency, government-attached agency, province or central-affiliated city which has not yet established its own science and technology development fund, these funds shall be transferred directly to the level-I budget-funded unit of such ministry, ministerial-level agency, government-attached agency or the provincial-level Science and Technology Department.

- After contracts on performance of scientific and technological tasks are signed, funds for performance of these scientific and technological tasks shall be allocated to state treasury accounts of units in charge of these scientific and technological tasks.

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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