Vietnam: Cases of rejection of applications for funding

14:30, 12/03/2017

Circular No. 12/2017/TT-BTC of the Ministry of Finance of Vietnam was issued on February 10, 2017, according to which the Vietnam Environmental Protection Fund shall reject the application for funding for a project that:

1. is not regulated by this Circular as specified in Article 1;

2. is not an eligible funding recipient specified in Clause 1 Article 2;

3. fails to satisfy conditions provided for in Clause 2 Article 2;

4. fails to submit the first application specified in Clause 1 Article 6; or

5. fails to submit the application for funding specified in Article 7.

In case the application is rejected, a written notification shall be sent to the Project Investor (The Ministry of Finance and Ministry of Natural Resources and Environment included) which clearly states reasons for rejection and the amount of funding rejected.

View more: Circular No. 12/2017/TT-BTC of the Ministry of Finance of Vietnam takes effect from March 27, 2017.

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