Vietnam: Application for appraisal of sponsorship of small and medium enterprises development fund

According to Article 8 of the Circular No. 08/2020/TT-BKHĐT of the Ministry of Planning and Investment of Vietnam, the documentation on sponsorship, contribution, or trust must be appraised in providing evidence to support the approval, conclusion and implementation. The Ministry of Planning and Investment shall designate an affiliate to appraise the repayable contribution or trust (appraising agency) in a case at the discretion and approval of the Minister of Planning and Investment.

Besides, the Fund shall appraise and approve the sponsorship, contribution, or trust at the discretion and approval of the President of the Member Assembly. The appraising agency may seek consultation from specialized units, consultancies and independent consultants in appraising the documentation on sponsorship, contribution, or trust.

Note: An application for appraisal of sponsorship, contribution, or trust includes:

- An application form for appraisal of sponsorship, contribution, or trust documentation made by the Fund.

- A document made by the sponsor, contributor or trustee which expresses the consent to the terms and conditions of the sponsorship, contribution, or trust.

- Draft instrument of sponsorships, contributions, trusts and draft agreement on specific sponsorship, contribution, or trust (if required to replace instruments of sponsorship, contribution, or trust signed thereafter).

+ In case of domestic sponsors, contributors or trustors, the instruments shall be made in Vietnamese. 

+ In case of foreign sponsors, contributors or trustors, the instruments shall be made in at least 2 languages, Vietnamese and a foreign language.

- Memorandums made with the sponsors, contributors or trustors.

- Copy of certificate of registration/business registration and/or copy of a valid document on legal status (if the sponsor, contributor, or trustor is a corporate), or copy of ID card/passport/citizen identity card (if the sponsor, contributor, or trustor is an individual).

- Confirmation or certification of the value of the sponsored or contributed property issued by a legal and qualified valuation organization accredited by Vietnam (if any).

View more details at the Circular No. 08/2020/TT-BKHĐT of the Ministry of Planning and Investment of Vietnam, effective from January 15, 2021.

Le Vy

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