Decision No. 15/2012/QĐ-TTg on piloting a special financial mechanism for Vietnam News Agency during the period from 2012 to 2014

Pursuant to …;

On piloting a special financial mechanism for Vietnam News Agency during the period 2012-2014

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Pursuant to the State Budget Law number 01/2002/QH11 dated December 16, 2002;

Pursuant to Law on Enterprises No. 60/2005/QH11 dated November 29, 2005;

Pursuant to the State Asset Management and Utilization Law No. 09/2008/QH12 dated June 3, 2008;

Pursuant to Decree No. 60/2003/NĐ-CP dated June 6, 2003, promulgated by the Government detailing and guiding the implementation of the Law on State Budget;

Pursuant to Decree No. 142/2005/NĐ-CP dated November 14, 2005 of the Government on collecting land rental fees and water surface rental fees;

Pursuant to Government Decree No. 43/2006/NĐ-CP dated April 25, 2006 on the rights of self-management and self-responsibility for the performance of tasks, organizational structure, staffing, and finance of public service units;

Pursuant to Government Decree No. 52/2009/NĐ-CP dated June 3, 2009 detailing and guiding the implementation of certain provisions of the State Asset Management and Utilization Law;

Pursuant to Government Decree No. 102/2010/NĐ-CP dated October 1, 2010 detailing and guiding the implementation of certain provisions of the State-Owned Enterprise Law 2005;

At the proposal of the Minister of Finance;

The Prime Minister issues this Decision on piloting a special financial mechanism for Vietnam News Agency during the period 2012-2014,

Article 1

1. To pilot a special financial mechanism for Vietnam News Agency from 2012 to 2014.

2. Purpose

a) Encourage Vietnam News Agency to gradually achieve financial autonomy, actively exploit and utilize assigned resources (staffing, capital, assets) to diversify activities and increase revenue, thereby contributing to better fulfillment of state news agency tasks, improving product quality and diversity, and enhancing the living standards of staff and reporters.

b) Create conditions and promote Vietnam News Agency's reform in management mechanisms, operational methods, and advanced technical infrastructure towards developing into a strong national media group with diverse and rich information formats.

Article 2. Content of piloting a special financial mechanism for Vietnam News Agency

1. Regarding types of operations

Vietnam News Agency is a public service provider, applying the financial self-management mechanism as stipulated in Government Decree No. 43/2006/NĐ-CP dated April 25, 2006 on the rights of self-management and self-responsibility for the performance of tasks, organizational structure, staffing, and finance of public service units, the self-managed public service unit financial mechanism as stipulated in Government Decree No. 52/2009/NĐ-CP dated June 3, 2009 detailing and guiding the implementation of certain provisions of the State Asset Management and Utilization Law, and the special financial mechanism as provided in this Decision.

2. Financial sources for Vietnam News Agency's operations

a) State budget funds:

- Construction investment capital: Vietnam News Agency will be allocated construction investment capital annually according to plans and projects approved by competent authorities.

- Regular operation funds: the state budget will allocate regular operation funds for Vietnam News Agency over three years (2012-2014) in accordance with general regulations applicable to public service units.

b) Revenue from business activities of Vietnam News Agency as prescribed.

c) Other sources.

3. Regarding salary fund and additional income

a) Vietnam News Agency shall calculate and determine the maximum annual salary fund and additional income that can be disbursed at a ratio of 30% of the projected regular operation funds of Vietnam News Agency (including the projected state budget funds for regular annual operations and the projected revenue from business activities of Vietnam News Agency).

b) Within the framework of the maximum annual salary fund and additional income that can be disbursed, based on the results of specialized task completion, the General Director of Vietnam News Agency has the authority to adjust resources and unify payment schemes for salaries and additional income for subordinate units based on the degree of task completion.

c) Unspent portions of the salary fund and additional income in a given year may be carried forward for use in subsequent years.

4. Regarding establishment of various funds

a) Royalty Fund: Vietnam News Agency shall establish a Royalty Fund in accordance with Government Decree No. 61/2002/NĐ-CP dated June 11, 2002 on the royalty system. The source of royalty payments will be balanced from state budget allocations and business revenue of Vietnam News Agency. The General Director of Vietnam News Agency is responsible for using the royalty fund to pay royalties to reporters and editors, and to pay remuneration to other management personnel of Vietnam News Agency who participate in the production and provision of information.

b) Other funds: apart from the funds established as specified above, Vietnam News Agency may establish Development Funds, Income Stability Funds, Reward Funds, and Welfare Funds in accordance with Government Decree No. 43/2006/NĐ-CP dated April 25, 2006.

5. Regarding asset management and utilization

a) For fixed assets serving assigned political tasks, Vietnam News Agency shall manage and utilize them in accordance with state asset management regulations.

b) For some assets and facilities (assets invested on land) not fully utilized for assigned political tasks, Vietnam News Agency may lease them in accordance with Article 43 of Government Decree No. 52/2009/NĐ-CP to enhance asset utilization efficiency and generate additional revenue; in which, the additional income specified in point a, Clause 3, Article 2 of this Decision may be included in leasing costs.

During the implementation of this pilot mechanism, permission is granted to exempt land rental fees for leased land areas.

6. Regarding management of two affiliated enterprises

Vietnam News Agency continues to represent the state ownership at the following limited liability companies: Vietnam News Agency Printing and Trading Company Limited and ITAXA Limited Liability Company.

Article 3. Implementation

1. Vietnam News Agency is responsible for establishing internal expenditure regulations. The distribution of income among affiliated units must be conducted openly and democratically, strictly adhering to the established regulations.

2. Annually, the Vietnam News Agency shall be responsible for reporting the results of implementing the pilot special financial mechanism to the Ministry of Finance. The Ministry of Finance shall be responsible for supervising the implementation of the mechanism to ensure compliance with regulations. In the third quarter of 2014, the Ministry of Finance shall take the lead in coordinating with the Vietnam News Agency to organize a summary and evaluation of the implementation results, and on this basis report.

Article 4. This Decision shall take effect from April 20, 2012 and shall apply to budget years from 2012 to 2014.

The Vietnam News Agency, the Ministry of Finance, and relevant ministries and sectors shall be responsible for implementing this Decision./.