What is thrift and waste? Regulations on publicity of thrift practice and waste combat in Vietnam

What is thrift and waste? Regulations on publicity of thrift practice and waste combat in Vietnam (Internet image)

Regarding this issue, LawNet would like to answer as follows:

1. What is thrift and waste?

According to Clauses 1 and 2, Article 3 of the Law on Thrift Practice and Waste Combat 2013, thrift and waste are regulated as follows:

- Thrift is the reduction of waste during use of capital, property, labor, working time and resources while the set targets are still achieved.

For the management and use of state budget, state capital and assets, labor and working time in the state sector and resources in the fields which competent state agencies have issued norms, criteria and entitlements, thrift is use thereof at levels lower than such norms, criteria and entitlements while the set targets are still achieved or use thereof in conformity with such norms, criteria and entitlements but the achievements are higher than the set targets.

- Waste is the inefficient management and use of capital, property, labor, working time and resources.

For fields which competent state agencies have issued norms, criteria and entitlements, waste is the management and use of state budget, state capital and assets, labor and working time in the state sector and resources in excess of the norms, criteria and entitlements or failure of achieving the set targets.

2. Regulations on publicity of thrift practice and waste combat in Vietnam

Regulations on publicity of thrift practice and waste combat in Vietnam under Article 5 of the Law on Thrift Practice and Waste Combat 2013 are as follows:

- Publicity of activities related to management and use of state budget, state capital and assets, labor, working time and resources is a measure to guarantee thrift practice and to stop and prevent waste.

- Except for the fields and activities related to state secrets, the following fields and activities must be publicized:

+ Estimation, allocation, adjustment of estimate and final settlement of state budget of agencies and organizations using state budget; funds originating from the state budget;

+ Capital construction investment, procurement, management and use of assets in agencies and organizations using state budget;

+ Amounts collected into the state budget, capital raised for the state budget and state credit; funds originating from domestic and foreign mobilized contributions; public debts as prescribed by the Law on Management of Public Debts;

+ Master plans and plans on socio-economic development; master plans and plans on sector or regional development; master plans and plans on land use; urban master plans, investment master plans, plans and lists of investment projects and investment capital sources; construction master plans; resource exploitation master plans, plans and activities;

+ Norms, criteria and entitlements prescribed or applied by agencies or organizations; regulations on financial management and internal expenditures of agencies and organizations; sectoral standards and norms;

+ Distribution and use of labor resources;

+ Programs and plans on thrift practice and waste combat; results of thrift practice; wasteful acts and results of handling of wasteful acts;

+ Process and procedures for settlement of affairs between state agencies with organizations or individuals;

+ Other fields as prescribed by law.

- Forms of publicity include:

+ Issuance of publications;

+ Announcement in the mass media;

+ Written notification to related agencies, organizations and individuals;

+ Posting on websites;

+ Announcement at meetings; posting up at working offices of agencies and organizations;

+ Supply of information at the request of relevant agencies, organizations and individuals.

- In addition to compulsory forms of publicity as prescribed by law, heads of agencies or organizations shall select and apply one or a number of publicity forms for each field of activities in accordance with Clause 3 of Article 5 of the Law on Thrift Practice and Waste Combat 2013.

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