Vietnam: Application for subsidies for enterprises investing in the agriculture and rural development sector

According to Decree No. 57/2018/ND-CP of Vietnam’s Government, if an enterprise wants to receive subsidies for its investment in the agriculture and rural development sector, it needs to prepare an application and follow procedures for getting subsidies.

Application and procedures for getting subsidies

- The enterprise shall submit 03 sets of application, which includes the investment project and the application form for subsidy, to the Provincial Department of Planning and Investment.

- Within 10 working days, the Provincial Department of Planning and Investment shall consider the application and send a report thereof to the Provincial-level People's Committee; within 05 working days, the Provincial-level People's Committee shall make a written commitment to provide funding for the enterprise. If an application is refused, the Provincial-level People's Committee shall send a written explanation for refusal to the enterprise.

- If the central government budget is used, regulations of the law on public investment shall govern.

Commissioning of investment items or entire project

- Based on the application for commissioning submitted by the enterprise, the Provincial Department of Agriculture and Rural Development, within 05 working days, shall take charge of and invite relevant agencies to act as members of the commissioning council.

- Commissioning contents: Investment items or the entire project shall be checked and tested according to the level of subsidy for each work item announced by the Provincial-level People's Committee.

- The commissioning report made by the commissioning council shall be used as the basis for allocating funding to the enterprise. Competent authorities are not allowed to request the enterprise to present documents other than this commissioning report.

Procedures for getting subsidy

The enterprise shall submit an application for disbursement of subsidy, including:

- The commissioning report;

- The decision on provision of funding made by competent authority, to the State Treasury to get subsidy within 05 working days.

View more details at Decree No. 57/2018/ND-CP of Vietnam’s Government, effective from April 17, 2018.

-Thao Uyen-

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