Vietnam: Grounds for formulation of a national five-year finance plan

Kim Linh

16:05, 06/07/2017

The Government of Vietnam issued Decree No. 45/2017/ND-CP detailing the formulation of five-year finance plans and three-year finance-state budget plans.

According to Decree No. 45/2017/ND-CP of Vietnam’s Government, grounds for formulation of a national five-year finance plan include:

- The implementation of the five-year socio-economic development plan and finance plan of the previous period;

- Socio-economic development and finance-state budget objectives, targets and orientations set forth in the national strategy and five-year plan on socio-economic development; and strategies on finance, public debts and tax system reform;

- Regulations on finance-state budget, including also treaties which the Socialist Republic of Vietnam has signed or acceded to; and orientations for revision of existing regulations and promulgation of new ones in the five-year planning period;

- Forecasts about the international and domestic economic and financial situation which might affect the ability to mobilize and the demand for finance-state budget resources in the five-year planning period;

- The Prime Minister’s directions on formulation of five-year socio-economic development plans and five-year finance plans.

More details can be found in Decree No. 45/2017/ND-CP of Vietnam’s Government, which takes effect from June 05, 2017.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

9 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn