Vietnam: Primary contents of the decision on investment in non-project aid

09:42, 18/08/2016

On August 08, 2016, the Ministry of Planning and Investment of Vietnam issued Circular No. 12/2016/TT-BKHDT, which specifically lists primary contents of the decision on investment in non-project aid.

According to Circular No. 12/2016/TT-BKHDT of the Ministry of Planning and Investment of Vietnam, primary contents of the decision on investment in non-project aid include:

- Name of the non-project aid;

- Name of the foreign sponsor and co-sponsor (if any);

- The governing body and owner of the non-project aid;

- Primary targets (categories and specifications if the non-project aid is commodity aid);

- The non-project aid duration;

- The non-project aid location;

- Total capital and allocation thereof by funding source and main item;

- Domestic financial mechanism, sponsorship and on-lending mode;

- Management method;

- Special conditions that contravene Vietnam’s law approved by a competent authority (if any).

More details can be found in Circular No. 12/2016/TT-BKHDT of the Ministry of Planning and Investment of Vietnam, which takes effect from September 22, 2016.

-Thao Uyen-

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

1 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