Vietnam: Processes and procedures for payment of post-investment subsidy for fishery development

According to Decree No. 17/2018/ND-CP of Vietnam’s Government, processes and procedures for payment of post-investment subsidy for fishery development are as follows:

Step 1: Submit documents

The vessel owner shall, by hand or by post, submit an application for post-investment subsidy, comprising required documents, to the provincial Department of Agriculture and Rural Development where his/her vessel has been duly registered. The application includes:

- The owner’s application form for post-investment subsidy for construction of new fishing vessel which includes the certification of the Chairperson of the People’s Committee of the ward/commune where he/she has registered his/her permanent residence;

- The copy of the vessel owner’s ID card or Citizen Identity Card;

- Copies of the following documents:

+ The certificate of conformance to technical safety standards of fishing vessel;

+ The Certificate of registration for fishing vessel, and the commercial fishing license for an offshore fishing vessel;

+ The Certificate of conformance to technical safety standards of fishing vessel;

+ The Certificate of fishing vessel registration for a vessel providing logistic support services for offshore fishing activities;

- The shipbuilding contract used for certifying that the vessel owner has ordered construction of new vessel;

- The shipbuilding facility’s final account of total investment outlay (including acquisition of navigational machinery and equipment, fishing aids, seafood and cargo storage facilities, and cargo handling equipment) which is submitted along with sales invoices or payment vouchers provided as evidence of payment of fees on construction of new vessel, and purchase of new machinery and equipment.

Step 2: Appraise documents and issue approval decision

- Within a permitted period of 10 working days from the receipt of a valid application from the vessel owner, the provincial Department of Agriculture and Rural Development shall lead, and collaborate with relevant agencies in, verification of the application, and then report on verification results to the provincial-level People’s Committee for its approval of the subsidy amount paid to the vessel owner; 

- After consulting the verification results, the provincial-level People’s Committee shall consider issuing the Decision to pay the subsidy amount to the vessel owner within a permitted period of 05 working days from the receipt of the request from the provincial Department of Agriculture and Rural Development;

Step 3: Pay the subsidy amount to the vessel owner

- In compliance with the Decision granted by the provincial-level People’s Committee, the provincial Department of Finance shall send a payment order to the State Treasury no later than 02 working days from the receipt of such Decision;

- The State Treasury shall publicly post the subsidy payment schedule at its office no later than 02 working days from the receipt of the payment order from the provincial Department of Finance; When receiving subsidy amount, the vessel owner must present his/her ID card or citizen’s identification card for comparison purposes;

Step 4: Budget estimate, allocation and final account

- Based on the reported quantity of newly-built ships qualifying for post-investment policies, the provincial Department of Finance in collaboration with relevant local authorities shall determine demands for required subsidy funds and report to the provincial-level People's Committee that prepared a consolidated report for submission to the Ministry of Finance.

- The Ministry of Agriculture and Rural Development shall integrate locality-specific demands sent to the Ministry of Planning and Investment that heads and collaborate with the Ministry of Finance in preparation of an integrated report to the Prime Minister who grants his decision on authorization to provide supplementary funds from the central budget for local budgets.

- Post-investment funds shall be integrated into the final account of annual provincial-level budget expenditure as stipulated by the Law on State Budget, directives on the Law on State Budget and the State Budget Index in force.

View more details at: Decree No. 17/2018/ND-CP of Vietnam’s Government takes effect from March 25, 2018 and provides amendments to Decree No. 67/2014/ND-CP.

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