Vietnamese Agencies Abroad Must Comply with These Regulations for Office Building Construction

First, foreign-based Vietnamese agencies, according to the provisions in Article 3 of Decree 117/2017/ND-CP on their expenditures for construction and acquisitions of offices and residences, must comply with the provisions in Article 5 of Circular 07/2020/TT-BTC, specifically:

Illustrative image (source: internet)

Firstly, for investment projects constructing offices and residences for Vietnamese agencies abroad, they are implemented and managed according to the provisions in Chapter III of Decree 104/2018/ND-CP dated August 8, 2018, issued by the Government of Vietnam, detailing the implementation of several articles in the amended and supplemented 2017 Law on Vietnamese Representative Agencies and its guiding documents.

Secondly, for investment projects procuring offices and residences for Vietnamese agencies abroad, they are governed by the provisions in Chapter II of Decree No. 166/2017/ND-CP dated December 31, 2017, issued by the Government of Vietnam stipulating standards, norms, and policies for managing and using public assets at Vietnamese agencies abroad; Chapter III of Decree 104/2018/ND-CP and its implementing, amending, and supplementing documents (if any).

This Circular prescribes the operating funds of Vietnamese agencies abroad arising from two sources:

- State budget allocations to ensure regular activities and professional operations according to the functions and tasks assigned to Vietnamese agencies abroad.

- Fees and other lawful revenues retained as prescribed by current law.

See more regulations in Circular 07/2020/TT-BTC, effective from March 20, 2020.

Tuesday

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