Vietnam: Departments of Culture, Sports and Tourism shall prepare on expenditure estimates for diet for athletes annually

16:10, 25/11/2020

On October 26, 2020, the Ministry of Finance of Vietnam issued the Circular No. 86/2020/TT-BTC elaborating to specific diet for highly acclaimed sport trainers and highly acclaimed atheletes.

The daily diet of a Vietnam’s national team athlete is 320,000 VND

According to Article 5 of Circular No. 86/2020/TT-BTC of the Ministry of Finance of Vietnam, preparation, allocation and compliance with estimates and settlement of expenditure on diet for trainers and athletes shall conform to Law on State Budget, Law on Accounting and guiding documents. This Circular elaborates additional provisions on preparing estimates and accounting budget annexes as follows:

- Prepare estimates: When preparing state budget estimates annually, based on quota and plans for training, competing approved by competent authorities, Minister of Culture, Sports and Tourisms, ministries, central government authorities, and Departments of Culture, Sports and Tourism of provinces and central-affiliated cities shall prepare expenditure estimates for diet for trainers and athletes, include in budget estimates of their levels, send to finance authorities of the same levels for consideration, and submit to competent authorities for consideration and allocation of expenditure for implementation as per the law.

- Expenditure on diet for trainers and athletes shall be accounted for under Section 6400 – Other personal payments, more specifically, Sub-section 6401 - Meal cost and respective chapters, sections, clauses under applicable budget annexes.

View more details at the Circular No. 86/2020/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2021.

Le Vy

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