Decision No. 110/2002/QĐ-TTg stipulates the establishment, use, and management of the Export Industry Product Insurance Fund. This Fund is established by industry associations to provide financial support to members in specific cases.
适用范围
Industry associations established in accordance with the law, and members participate in these associations.
要点
- Industry associations are permitted to establish the Export Industry Product Insurance Fund.
- The Export Industry Product Insurance Fund has legal personality and operates on a non-profit basis, supporting mutual assistance among members.
- Sources for forming the Fund include contributions from members (1% of export revenue), donations from organizations and individuals both domestically and internationally, and other lawful sources of income.
- The Fund is used to provide financial support to members suffering losses when exporting new products or facing risks, supporting interest rates on temporary storage loans, market expansion costs, and production costs for exported goods.
- Principles and levels of using the Fund are determined based on the financial capacity of the Fund and the level of risk faced by each member.
🌐 本文件的社会影响
- Creating a mechanism to support businesses during the process of exporting new products or facing risks.
- Helping stabilize production and promote exports, increasing export turnover.
- Reducing costs for businesses through financial support.
❓ 常见问题
How are industry associations allowed to establish the Export Industry Product Insurance Fund?
Industry associations established in accordance with the new legal regulations have the right to establish the Export Industry Product Insurance Fund.
What purposes does the Export Industry Product Insurance Fund serve?
The Fund is used to provide financial support to members suffering losses when exporting new products or facing risks, supporting interest rates on temporary storage loans, market expansion costs, and production costs for exported goods.
What is the contribution rate of members to the Fund?
Members contribute up to 1% of their export revenue (FOB price) which is recorded as business expenses for the enterprise.
When does this Decision take effect?
This Decision takes effect twenty-five days after the date of signing.
Who is responsible for implementing this Decision?
The Minister, Head of a ministerial-level agency, agency under the Government, Chairman of the People's Committee of provinces and centrally governed cities, Chairmen of Associations, Chairmen of the Board of Directors, General Directors, and Directors of enterprises in export industries are responsible for implementing this Decision.
全文
DECISION OF THE PRIME MINISTER
Regarding the establishment, use, and management of the Export Industry Product Insurance Fund
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PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to Resolution No. 09/2000/NQ-CP dated June 15, 2000 of the Government on certain policies and measures for economic restructuring and product consumption in agriculture;
Pursuant to Resolution No. 05/2002/NQ-CP dated April 24, 2002 of the Government on certain solutions to implement the socio-economic plan for 2002;
At the request of the Minister of Finance.
DECIDES:
Article 1. Industry associations established in accordance with the provisions of the law are permitted to establish the Export Industry Product Insurance Fund.
12/2025/TT-BNNMT dated June 19, 2025 issued by the Minister of Agriculture and EnvironmentThe Export Industry Product Insurance Fund has legal personality, its own seal, and is allowed to open accounts at the State Treasury or commercial banks.
The Export Industry Product Insurance Fund operates on the principle of not pursuing profit, supporting mutual assistance among members of the association, contributing to mitigating and limiting risks, stabilizing production, and promoting exports.
Article 3. Sources of formation of the Export Industry Product Insurance Fund include:
1. Contributions from members of the association, with a maximum of 1% of export revenue (FOB price), which can be recorded as business expenses of enterprises.
The specific amount and period of contribution are uniformly determined by the industry association and applied to all participating members. In cases where a member incurs losses during the year of operation, they are exempted from this contribution.
2. Financial support from organizations and individuals both domestically and internationally.
3. Other legitimate sources of revenue.
Article 4. The Export Industry Product Insurance Fund may be used for the following purposes:
1. Providing financial support to association members directly exporting products that have been insured against export losses in the following situations:
a. Products exported for the first time suffer losses due to new investment mobilization;
b. Products exported to new markets;
c. Products exported suffer losses due to sudden drops in world prices below the cost of export goods or due to fluctuations in foreign exchange rates.
2. Supporting part of the interest rate on loans for temporary storage awaiting export.
3. Supporting part of the costs for the association's activities aimed at expanding markets and promoting trade to increase export turnover, with the level of support based on the effectiveness of these activities.
4. Supporting part of the costs for members producing export goods when encountering risks during the production process.
5. Supporting other cases as stipulated in the Association's Charter.
Article 5. Principles and levels of use of the Export Industry Product Insurance Fund:
1. Ensuring fairness, purposefulness, and effectiveness.
2. Based on the financial capacity of the Fund, the risk level of each member, and the principles set forth in Clause 1 of this Article, the Management Board of the Export Industry Product Insurance Fund will consider and decide on the level of support for contributors to the Export Industry Product Insurance Fund as follows:
a. Providing financial support to association members not exceeding 50% of the actual losses incurred for exported goods under consideration;
b. Supporting no more than 70% of the actual interest incurred due to borrowing for temporary storage of goods awaiting export. The interest rate shall not exceed the actual interest rate framework published by the State Bank at the time of occurrence;
c. Supporting no more than 30% of the actual costs incurred annually for activities such as exhibitions, trade fairs, market surveys, market research, information collection on market prices and export goods, market search, and trade promotion to encourage the production of export goods.
Support for the objects specified in Article 4 above is implemented based on annual financial settlement and does not exceed two consecutive years.
Article 6. The Export Industry Product Insurance Fund implements accounting and statistical work in accordance with the provisions of the Law.
The Export Industry Product Insurance Fund is subject to state financial management by the Ministry of Finance. Annually, the Ministry of Finance reports to the Prime Minister on the results of the Export Industry Product Insurance Fund's operations.
Article 7. Industry associations base their decisions on the provisions of this Decision and the specific needs and characteristics of each industry to establish the Export Industry Product Insurance Fund after reaching an agreement with the Ministry of Finance.
Article 8. This Decision takes effect 25 days after the date of signature.
The Minister, Heads of Ministries equivalent to Ministries, Heads of agencies under the Government, Chairmen of People's Committees of provinces and centrally-run cities, Chairmen of Associations, Chairmen of Boards of Directors, General Directors, and Directors of enterprises in export industries are responsible for implementing this Decision.
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DEPUTY PRIME MINISTER
DEPUTY PRIME MINISTER
(Signed)
Nguyen Tan Dung
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