Guidance on evaluating local development investment fund managers in Vietnam

Duc Dung

16:12, 09/10/2021

On October 6, 2021, the Ministry of Finance of Vietnam promulgated Circular 86/2021/TT-BTC instructions < a href="https://lawnet.vn/vb/nghi-dinh-147-2020-nd-cp-to-chuc-va-hoat-dong-cua-quy-dau-tu-phat-trien-dia- phuong-7044e.html" class="green-text" target="_blank" >Decree 147/2020/ND-CP stipulating the organization and operation of the Local Development Investment Fund. On October 6, 2021, the Ministry of Finance of Vietnam promulgated Circular 86/2021/TT-BTC instructions < a href="https://lawnet.vn/vb/nghi-dinh-147-2020-nd-cp-to-chuc-va-hoat-dong-cua-quy-dau-tu-phat-trien-dia- phuong-7044e.html" class="green-text" target="_blank" >Decree 147/2020/ND-CP stipulating the organization and operation of the Local Development Investment Fund.

According to this Circular, it is regulated that local development investment fund managers are evaluated and graded annually under the following criteria:

- The results of the implementation of the assigned goals and tasks.

- Results of evaluating the performance of local development investment funds.

- The observance of the lines, guidelines and policies of the Party and the laws of the State; the implementation of the Charter on organization and operation and the regulations on operation of the Local Development Investment Fund of Vietnam

The person who has the authority to evaluate will be based on the above criteria and classified according to 04 levels: excellently completing the task, completing the task well, completing the task, and not completing the task.

The order and procedures for evaluation are carried out in accordance with regulations for managers of enterprises in which 100% of charter capital is held by the State and regulations on assessment of local officials (currently Decree 159/2020/ ND-CP of Vietnam).

See also Circular 86/2021/TT-BTC of Vietnam which takes effect from November 20, 2021 and replaces Circular 28/2014/TT-BTC ; Circular 42/2014/TT-BTC; Article 12 of Circular 84/2020/TT-BTC.

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