Legal Counselling

Vietnam: Sources of funding for the integration of natural disaster preparedness contents into national socio-economic development plans

14:55, 11/06/2016

This is a notable content specified in Circular No. 05/2016/TT-BKHDT of the Ministry of Planning and Investment of Vietnam, which provides guidance on the integration of natural disaster preparedness contents into socio-economic development plans and industry distribution and development plans.

According to Circular No. 05/2016/TT-BKHDT of the Ministry of Planning and Investment of Vietnam, sources of funding for the integration of natural disaster preparedness contents into national socio-economic development plans include:

- Funding from state budget: funding from central government budget that is given to central ministries; dedicated additional funding from central government budget that is given to local governments; funding from local government budgets.

- Funding from Government bonds and local government bonds.

- Natural disaster preparedness funds.

- Official development assistance (ODA) and concessional loans granted by foreign sponsors.

- The State's development investment credit capital (credit extended by the Vietnam Development Bank and Vietnam Bank for Social Policies)

- Funding sources for recurrent expenditures on the formulation and adjustment of master plans, and formulation of socio-economic development plans and industry distribution and development plans.

- Other legal sources of funding as prescribed by law.

View more details at Circular No. 05/2016/TT-BKHDT of the Ministry of Planning and Investment of Vietnam, effective from July 20, 2016.

- Thanh Lam -

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