Decision No. 21/2005/QĐ-BTC of the Ministry of Finance amends the tendering regulation for the purchase and sale of national reserve goods, specifically adjusting the threshold value of tenders requiring approval of tender plans and tender results from VND 7 billion to less than VND 100 billion. The Decision takes effect fifteen days after its publication in the Official Gazette.
Scope of application
National Reserve General Department, relevant departments and units under the Ministry of Finance.
Key points
- The Ministry of Finance → approves tender plans and tender results for tenders valued from VND 7 billion to less than VND 100 billion.
🌐 Social impact of this document
- Positive impact: Reduces time and effort in the approval process of tender plans, facilitating businesses' participation in tenders.
- Negative impact: May lead to financial management risks if the approval process is not strictly implemented.
❓ Frequently asked questions
What is the threshold value of tenders requiring approval of tender plans and tender results?
According to the regulations, the threshold value of tenders is from VND 7 billion to less than VND 100 billion.
When does this Decision take effect?
The Decision takes effect fifteen days after its publication in the Official Gazette.
Which agencies and units are responsible for guiding and implementing this Decision?
The Director of the National Reserve General Department, the Head of the Ministry's Office, and the Heads of relevant agencies and units under the Ministry of Finance.
Which provision of the Tendering Regulation does this Decision amend?
The Decision amends Clause 1 of Article 7 of the Tendering Regulation for the purchase and sale of national reserve goods issued together with Decision No. 31/2004/QĐ-BTC.
For tenders valued at how many dong or more do not require approval of tender plans?
According to the regulations, tenders valued at less than VND 7 billion do not require approval of tender plans.
Full text
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 21/2005/QD-BTC |
Hanoi, April 7, 2005 |
DECISION OF THE MINISTER OF FINANCE
Regarding the amendment to the Tendering Regulations for Purchasing and Selling National Reserve Commodities issued together with Decision No. 31/2004/QD-BTC dated April 6, 2004 of the Minister of Finance
THE MINISTER OF FINANCE
Pursuant to Decree No. 77/2003/NĐ-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Decree No. 88/1999/ND-CP dated September 1, 1999 of the Government promulgating the Tendering Regulations;
Pursuant to Decree No. 14/2000/ND-CP dated May 5, 2000 of the Government amending and supplementing certain Articles of the Tendering Regulations promulgated together with Decree No. 88/1999/ND-CP dated September 1, 1999 of the Government;
Pursuant to Decree No. 66/2003/ND-CP dated June 12, 2003 of the Government amending and supplementing certain Articles of the Tendering Regulations promulgated together with Decree No. 88/1999/ND-CP dated September 1, 1999 and Decree No. 14/2000/ND-CP dated May 5, 2000 of the Government;
Pursuant to Decision No. 270/2003/QD-TTg dated December 24, 2003 of the Prime Minister stipulating the functions, tasks, powers, and organizational structure of the National Reserve General Department under the Ministry of Finance;
PURSUANT TO THE PROPOSAL OF THE DIRECTOR OF THE NATIONAL RESERVE AGENCY,
DECISION:
Article 1. Amending Clause 1 of Article 7 of the Tendering Regulations for Purchasing and Selling National Reserve Commodities issued together with Decision No. 31/2004/QD-BTC dated April 6, 2004 of the Minister of Finance as follows:
"1. The Ministry of Finance shall approve tender plans and tender results for tenders with values from VND 7 billion to less than VND 100 billion."
Article 2. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.
Article 3. The Director of the National Reserve General Department, the Head of the Ministry's Office, and the Heads of relevant agencies and units under the Ministry of Finance are responsible for guiding, inspecting, and implementing this Decision./.
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DEPUTY MINISTER DEPUTY MINISTER (Signed) Huỳnh Thị Nhân |
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