Vietnam: Contents of documentation on sponsorship of small and medium enterprises development fund

According to Article 6 of the Circular No. 08/2020/TT-BKHĐT of the Ministry of Planning and Investment of Vietnam, preparation of documentation on sponsorships, contributions and trusts is specified as follows:

- As for an amount of repayable contribution or trust at the discretion and approval of the Minister of Planning and Investment:

+ The Fund shall prepare documentation on receipt of the contribution or trust.

+ The Fund shall cooperate with domestic organizations and the contributor, trustor in the course of preparing the documentation.

- As for an amount of sponsorship, contribution or trust at the discretion and approval of the President of Member Assembly, the Fund shall cooperate with domestic organizations and the sponsor, contributor, or trustor in the course of preparing the documentation. The Fund shall initiate the process, ensure schedule, quality and contents of the documentation on sponsorship, contribution, or trust.

Besides, Article 7 of Circular No. 08/2020/TT-BKHĐT of the Ministry of Planning and Investment of Vietnam also stipulates that documentation on sponsorship, contribution or trust shall at least contain the following:

- The context and necessity of receiving the sponsorship, contribution, or trust, clearly stating the issues that the sponsorship, contribution, or trust will be used to solve.

- Long-term (if any) and short-term objectives of the sponsorship, contribution, or trust.

- Expected primary results of using the sponsorship, contribution, or trust, and metrics that measure those results.

- Time and place to provide the sponsorship, contribution, or trust.

- Commitments, conditions for the sponsorship, contribution of the sponsor, contributor, the trust of the trustor; obligations and commitments of the Fund in using the sponsorship, contribution, or trust.

- Total value and capital structure of the sponsorship, contribution, or trust.

- Counterpart fund and sources of funds (if any).

- Methods of initiating, managing and using the sponsorship, contribution, or trust.

- Master plan and blueprint of the use of the sponsorship, contribution, or trust (where necessary).

- Plan for supervision and assessment of the result of using the sponsorship, contribution, or trust (where necessary).

- Efficiency, feasibility to apply implementation results to practice and sustainability of the use of the sponsorship, contribution, or trust.

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

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE