Circular No. 45/2008/TT-BTC guiding the financial regime and customs procedures applicable to the International Border Economic Zone Cau Treo, Ha Tinh Province.

CIRCULAR

Guidelines on financial regimes and customs procedures applicable to

International Border Economic Zone Cau Treo in Ha Tinh Province

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Pursuant to Decision No. 162/2007/QD-TTg dated October 19, 2007 of the Government on the operation regulations of the International Border Economic Zone Cau Treo in Ha Tinh Province;

After reaching consensus with the People's Committee of Ha Tinh Province through Circular No. 401/UBND-TM dated February 28, 2008;

The Ministry of Finance hereby issues guidelines on financial regimes applicable at the International Border Economic Zone Cau Treo in Ha Tinh Province as follows:

This technical regulation sets out technical requirements, testing methods, sampling procedures; management requirements; responsibilities of organizations and individuals producing, trading, and importing cigarettes.

Article 1. Scope of Application:

The financial regimes and customs procedures stipulated in this Circular shall apply within the territory of the International Border Economic Zone Cau Treo in Ha Tinh Province (hereinafter referred to as the International Border Economic Zone Cau Treo), with geographical boundaries specifically defined in Article 2 of the Operation Regulations of the International Border Economic Zone Cau Treo in Ha Tinh Province issued pursuant to Decision No. 162/2007/QD-TTg dated October 19, 2007 of the Government (hereinafter referred to as Decision No. 162/2007/QD-TTg).

第二条 组织和实施奖励工作的支出水平，如政府第152/2025/NĐ-CP号决定关于分级授权和奖励领域的分权规定

The subjects eligible for financial incentives under the policies outlined in this Circular include domestic and foreign organizations and individuals engaged in production and business activities at the International Border Economic Zone Cau Treo, including:

a. Domestic investors belonging to various economic sectors operating in accordance with the Law on State-Owned Enterprises, the Enterprise Law, and the Cooperative Law; individual households and independent practitioners.

b. Foreign organizations and individuals including foreign-invested enterprises; foreign investors participating in joint business contracts; overseas Vietnamese residing abroad operating in accordance with the Investment Law and foreign investors conducting business outside the scope of the Investment Law.

Only production and business activities conducted within the territory of the International Border Economic Zone Cau Treo shall be entitled to the incentives prescribed in the Operation Regulations of the International Border Economic Zone Cau Treo issued together with Decision No. 162/2007/QD-TTg and detailed in this Circular. In cases where organizations and individuals conduct business both within the International Border Economic Zone Cau Treo and in mainland Vietnam, they must separately account for their business activities within the International Border Economic Zone Cau Treo as the basis for determining preferential treatment.

For investment projects encouraged and already granted investment licenses or certificates of investment incentives with higher tax benefits than those specified in Decision No. 162/2007/QD-TTg, if they meet the conditions, they will continue to implement the tax benefits stated in their investment licenses or certificates of investment incentives for the remaining period of the project; in cases where the tax benefits specified in the investment licenses or certificates of investment incentives are lower, they will enjoy the tax benefits stipulated in Decision No. 162/2007/QD-TTg for the remaining period of the project.

3. Definitions:

In this Circular, the International Border Economic Zone Cau Treo is a type of non-tariff zone under the laws on export and import taxes, with geographical boundaries defined in Article 2 of the Operation Regulations of the International Border Economic Zone Cau Treo issued together with Decision No. 162/2007/QD-TTg.

The term "mainland Vietnam" refers to the territory of Vietnam excluding the International Border Economic Zone Cau Treo and other non-tariff zones.

4. Conditions for applying financial regimes to the International Border Economic Zone Cau Treo:

The International Border Economic Zone Cau Treo shall be eligible for the financial incentives stipulated in this Circular when it meets the following conditions simultaneously:

- Having a physical barrier or natural boundary ensuring isolation between activities within the International Border Economic Zone Cau Treo and mainland Vietnam and the Lao People's Democratic Republic.

- Having customs authorities and related agencies to monitor and inspect persons, goods, and means of transport entering and exiting the International Border Economic Zone Cau Treo.

5. Export and import activities at the International Border Economic Zone Cau Treo and some general customs regulations for the International Border Economic Zone Cau Treo:

- The exchange of goods and services between the International Border Economic Zone Cau Treo and mainland Vietnam shall be considered as export and import transactions and must comply with the management regulations on export and import of goods and services under Vietnamese law.

- Organizations and individuals engaged in business activities at the International Border Economic Zone Cau Treo may export and import all types of goods except those listed in the Catalogue of Prohibited Goods for Export and Import under Vietnamese law.

The export and import of goods listed in the Catalogue of Conditionally Permitted Goods for Export and Import and restricted trade goods shall be carried out in accordance with Vietnamese law.

- The Ha Tinh Customs Department shall establish a customs office at the International Border Economic Zone Cau Treo, comprising a Control Post and a Customs Processing Team, to supervise and process customs formalities for goods entering and exiting the International Border Economic Zone Cau Treo. These Control Post and Customs Processing Team shall be directly managed by the Cau Treo International Border Customs Sub-department.

- Goods for export, import, transit; means of transport for exit, entry, and transit from and to the International Border Economic Zone Cau Treo shall be subject to current customs procedures for their respective categories and be under customs supervision.

- Monthly (no later than the 15th day of the following month) for purely trading organizations and individuals, or semi-annually (no later than January 15 or July 15 each year) for other organizations and individuals in the International Border Economic Zone Cau Treo, have the responsibility to submit to the customs authority the Settlement Report on materials, raw materials, exported and imported goods during the period and the Export-Import-Balance Report. The customs authority shall be responsible for checking and verifying the enterprise's report; inspecting inventory (if necessary). In case of violation of tax and customs regulations, they shall be handled according to the law.

- Within the operational area of the customs authority of the International Border Economic Zone Cau Treo, the customs authority shall take the lead and coordinate with relevant agencies to carry out anti-smuggling and illegal cross-border transportation activities and entry and exit from the International Border Economic Zone Cau Treo in accordance with the Customs Law.

6. Principles of investment incentives:

Organizations and individuals investing in the International Economic Zone Bridge Treo shall enjoy incentives applicable to investment projects in areas with particularly difficult socio-economic conditions as prescribed by laws on investment, tax laws, and incentives under international treaties to which Vietnam is a member.

In cases where legal regulatory documents provide different levels of incentives for the same issue, the higher-ranking legal document's provisions shall be applied.

In cases where legal regulatory documents issued by the same authority provide different regulations on the same issue, the regulation of the later-issued document shall be applied.

II. SPECIFIC PROVISIONS

1. Certain tax policies applicable to the International Economic Zone Bridge Treo: International Bridge Cầu Treo:

1.1. Corporate Income Tax

- Investment projects in the International Economic Zone Bridge Treo shall apply a corporate income tax rate of 10% for 15 years from the start of business operations, exempted from corporate income tax for 4 years from the time taxable income begins, and reduced by 50% of the corporate income tax payable for the next 9 years.

- For investment projects constructing new production lines, expanding scale, updating technology, improving ecological environment, and enhancing production capacity, corporate income tax exemption shall be granted for up to 4 years for additional income generated by such investments, and a reduction of 50% of the tax payable for up to 7 subsequent years.

- Organizations and individuals engaged in producing, trading goods and services; foreign-invested enterprises and foreign parties participating in joint venture contracts operating within the International Economic Zone Bridge Treo, after settling accounts with the tax authority and suffering losses, may carry forward such losses to offset against future taxable income, while simultaneously notifying the tax authority in writing at the time of filing the corporate income tax return. The period for carrying forward losses shall not exceed 5 years.

- Income derived from transferring land use rights, land lease rights tied to infrastructure and assets attached to the land must be subject to corporate income tax according to current laws (such income does not qualify for the above incentives).

- Organizations and individuals are responsible for registering with the tax authority regarding the implementation period of corporate income tax exemptions and reductions stipulated herein. The corporate income tax incentives and loss carryforwards mentioned above shall only apply to businesses that have properly maintained financial accounting records and registered for tax payments based on their declarations.

1.2. Export Duties and Import Duties

a. Goods and services brought into the International Economic Zone Bridge Treo from abroad and solely used within the zone shall be exempt from import duties. However, passenger cars with fewer than 24 seats imported into the International Economic Zone Bridge Treo by enterprises without production and business establishments in the zone must pay import duties according to current laws. Goods and services brought into the International Economic Zone Bridge Treo from domestic Vietnam shall be exempt from export duties.

b. Goods and services imported from the International Economic Zone Bridge Treo into domestic Vietnam:

- Goods originating from abroad must be subject to import duties according to current regulations.

- Goods produced, processed, recycled, or assembled in the International Economic Zone Bridge Treo, if the value of goods originating from ASEAN constitutes 40% or more, confirmed by an ASEAN Origin Certificate - Form D, and meeting current requirements, shall be subject to the preferential Common Effective Preferential Tariff (CEPT) rate when imported into domestic Vietnam.

- Goods imported from the International Economic Zone Bridge Treo into domestic Vietnam, if produced in Laos, shall be subject to reduced import duties according to current Vietnamese laws and bilateral agreements between the two governments.

- Goods listed in the Catalogue of Purely Originating Goods from the International Economic Zone Bridge Treo issued periodically by the People's Committee of Ha Tinh Province (People's Committee of Ha Tinh Province) shall be exempt from import duties when imported into domestic Vietnam, including: Agricultural products produced and processed by residents within the International Economic Zone Bridge Treo; goods produced, processed, recycled, or assembled in the International Economic Zone Bridge Treo without using imported raw materials, components, and semi-finished products from abroad.

Goods produced, processed, recycled, or assembled in the International Economic Zone Bridge Treo using imported raw materials, components, and semi-finished products (hereinafter referred to as imported raw materials and components) shall be exempt from import duties upon importation into domestic Vietnam for 5 years from the date when organizations and individuals with production and business establishments in the International Economic Zone Bridge Treo commence production, except as otherwise provided by law. Upon expiration of the duty-free period, goods produced, processed, recycled, or assembled in the International Economic Zone Bridge Treo using imported raw materials and components (excluding goods imported from domestic Vietnam using imported raw materials and components) shall only be subject to import duties on the imported raw materials and components constituting the goods when imported into domestic Vietnam.

The basis for determining the import duties payable on imported raw materials and components constituting the goods imported into domestic Vietnam is: The dutiable value shall be determined according to the Ministry of Finance's guidelines on determining the customs value of exported and imported goods; the quantity of goods imported into domestic Vietnam; the import duty rate applicable to each type of raw material and component. The dutiable value and the applicable duty rate shall be determined at the time of opening the import declaration.

Organizations and individuals having production and business establishments at the International Economic Zone Bridge Treo shall be responsible for registering with the Customs authority regarding the list of imported goods to be used as raw materials and spare parts for producing imported goods sold domestically and the quota of raw materials and spare parts from abroad to be used for producing imported goods before importing them into the domestic market in accordance with the requirements of the Customs authority. In case they fail to meet the Customs authority's requirements on registering the list of imported goods to be used as raw materials for producing imported goods sold domestically and the quota of raw materials and spare parts to be used for producing imported goods before importing them into the domestic market, they shall pay taxes according to the general provisions stipulated in Circular No. 59/2007/TT-BTC dated June 14, 2007, issued by the Ministry of Finance guiding the implementation of the Law on Export Tax, Import Tax, and Tax Management for Exported and Imported Goods.

1.3. Special Consumption Tax

- Goods and services subject to special consumption tax produced and consumed within the International Economic Zone Bridge Treo are exempt from special consumption tax, including: goods and services subject to special consumption tax produced, supplied, and consumed within the International Economic Zone Bridge Treo; goods imported from abroad into the International Economic Zone Bridge Treo. However, passenger cars under 24 seats imported from abroad into the International Economic Zone Bridge Treo must pay special consumption tax according to current regulations.

- Goods and services subject to special consumption tax exported from the International Economic Zone Bridge Treo to foreign countries are exempt from special consumption tax.

- Goods and services subject to special consumption tax imported from the International Economic Zone Bridge Treo into the domestic market of Vietnam must pay special consumption tax on imported goods according to current regulations.

- Goods subject to special consumption tax if transiting through the International Economic Zone Bridge Treo customs gate based on bilateral or multilateral agreements already signed or approved by the Prime Minister shall not be subject to special consumption tax.

1.4. Value Added Tax (VAT)

Organizations and individuals having production and business establishments at the International Economic Zone Bridge Treo may use VAT invoices according to current regulations, and shall register, declare, and pay VAT according to the guidance provided in this Circular for cases where VAT is paid. For cases where goods are not subject to VAT, the VAT column in the VAT invoice shall be crossed out (x). Specifically, as follows:

- Goods and services imported from abroad into the International Economic Zone Bridge Treo are exempt from VAT. However, passenger cars under 24 seats not imported by businesses with production and business establishments at the International Economic Zone Bridge Treo into the International Economic Zone Bridge Treo must pay VAT according to the law.

- Goods and services exported from the International Economic Zone Bridge Treo to foreign countries are exempt from VAT. Goods and services exported from the domestic market of Vietnam into the International Economic Zone Bridge Treo enjoy a VAT rate of 0%.

- Goods and services brought into the domestic market from the International Economic Zone Bridge Treo must pay VAT on imported goods according to current regulations.

- Goods and services circulating internally within the International Economic Zone Bridge Treo are exempt from VAT.

- Conditions for refunding VAT shall be implemented according to the current laws on VAT refund.

1.5. Personal Income Tax

- Workers (including both Vietnamese and foreigners) working and earning income at the International Economic Zone Bridge Treo are taxable subjects for personal income tax according to the law, which provides a reduction of 50% of the tax payable.

- Procedures for declaring, paying, and settling personal income tax shall be carried out according to the laws on personal income tax and tax management.

1.6. Tourists in the International Economic Zone Bridge Treo

- Domestic and international tourists who are occasional visitors to the International Economic Zone Bridge Treo are permitted to purchase various types of goods to bring into the domestic market and are exempt from import tax if the total value of the goods does not exceed VND 500,000/person/day. In case the total value of purchased goods exceeds the above limit, the person carrying the goods must pay the full import tax on the excess amount according to the law.

Tourists purchasing goods at the International Economic Zone Bridge Treo to bring into the domestic market must complete customs procedures at the customs office within the International Economic Zone Bridge Treo. Based on the actual situation regarding the number of customers buying goods and the management capacity of businesses, the Bridge Treo International Border Gate Customs Sub-department will coordinate with the Management Board and businesses selling goods within the International Economic Zone Bridge Treo to organize the collection of taxes on the excess quantity of goods beyond the tax-exempt limit appropriately.

- The People's Committee of Ha Tinh Province shall issue regulations on identifying tourist subjects and notify them in writing to the tax authorities and customs offices directly managing the area of the International Economic Zone Bridge Treo. When there are no regulations on identifying tourist subjects in the International Economic Zone Bridge Treo, the preferential tax policy for tourists in the International Economic Zone Bridge Treo shall not be implemented.

Regulations on identifying tourist subjects should include the following contents:

+ Clearly define the tourist subjects eligible for tax exemption policies (ensuring that they are indeed tourists traveling in groups organized by travel companies, tourists staying overnight, and other tourism cases, excluding residents living in the International Economic Zone Bridge Treo).

+ Limit the number of times each tourist can purchase tax-exempt goods within a certain period, ensuring no more than once per month;

+ Responsibilities of organizations and individuals engaged in trade within the International Economic Zone Bridge Treo in implementing measures to sell only to eligible subjects, clearly noting the ID card number or passport number of the customer on the sales invoice; recording the name, address, ID card number, or passport number of the customer in the sales ledger for storage and presentation to the customs authority upon request;

+ Procedures for managing the purchase of tax-exempt goods by tourists.

- Visitors entering Vietnam through border gates with passports issued by competent state agencies of Vietnam or foreign countries are entitled to purchase tax-free goods at duty-free shops according to current regulations on baggage allowances for departure and arrival passengers and gifts imported duty-free. In cases where visitors have already purchased tax-free imported goods under the policy applicable to tourists in the International Economic Zone Bridge Gate, such value must be deducted from the allowance prescribed for passengers entering with passports.

1.7 Regarding residents residing in the International Economic Zone Bridge Gate

The People's Committee of Ha Tinh Province shall stipulate the management of tax-free purchases for residents residing in the International Economic Zone Bridge Gate, including the number of times residents can make tax-free purchases within a specified period, the responsibilities of commercial organizations and individuals operating within the International Economic Zone Bridge Gate (selling to eligible recipients, meeting standards, maintaining records and reports), and other necessary contents to prevent the abuse of preferential policies for smuggling and tax evasion.

2. Customs procedures at the International Economic Zone Bridge Gate:

2.1 For goods imported from abroad into the International Economic Zone Bridge Gate:

Organizations and individuals engaged in production and business activities within the International Economic Zone Bridge Gate shall declare customs and submit customs documents in accordance with the regulations applicable to each type of importation and shall be subject to supervision by customs authorities within the International Economic Zone Bridge Gate.

2.2 For goods imported from abroad into the domestic market via the Bridge Gate international border gate: Customs procedures shall be carried out in accordance with current regulations.

2.3 For goods and services brought into the International Economic Zone Bridge Gate from the domestic market, customs procedures shall be conducted as follows:

- Domestic organizations and individuals engaged in production and business activities shall handle customs procedures at the Domestic Customs Sub-Department or the Customs Sub-Department of the International Economic Zone Bridge Gate in accordance with the regulations applicable to each type of export.

- Organizations and individuals engaged in production and business activities within the International Economic Zone Bridge Gate shall handle customs procedures at the Control Posts or Customs Processing Teams within the International Economic Zone Bridge Gate in accordance with the regulations applicable to each type of import.

- In cases of internal transportation between enterprises and branches within and outside the International Economic Zone Bridge Gate, the Sales Contract shall be replaced by warehouse release documents.

2.4 For goods exported from the International Economic Zone Bridge Gate to abroad:

Organizations and individuals engaged in production and business activities within the International Economic Zone Bridge Gate shall handle customs procedures in accordance with current regulations applicable to each type of export at the Bridge Gate international border gate Customs Sub-Department.

2.5 For goods exported from the domestic market to abroad via the Bridge Gate international border gate: Customs procedures shall be handled at the Bridge Gate international border gate Customs Sub-Department. In cases where customs procedures are handled at the Domestic Customs Sub-Department, the transportation of goods to the Bridge Gate international border gate shall comply with the regulations applicable to goods exported through border gate transfer.

2.6 For goods brought into the domestic market from the International Economic Zone Bridge Gate: Customs procedures shall be handled at the Control Posts and Customs Processing Teams within the International Economic Zone. Organizations and individuals engaged in production and business activities within the International Economic Zone Bridge Gate (seller) and organizations and individuals engaged in production and business activities in the domestic market (buyer) shall be responsible for:

- Handling customs procedures in accordance with the regulations applicable to each type of import and export. In cases of internal transportation between enterprises and branches within and outside the International Economic Zone Bridge Gate or enterprises directly bringing goods into the domestic market for sale, the economic contract in the customs declaration shall be replaced by warehouse release documents.

- Organizations and individuals engaged in production and business activities within the International Economic Zone Bridge Gate shall submit additional copies of the Import Declaration for goods imported from abroad into the International Economic Zone Bridge Gate to the customs authority if the goods brought into the domestic market have foreign origins. The copy must be stamped as a true copy by the enterprise and the enterprise shall bear legal responsibility for the copy.

- Organizations and individuals engaged in production and business activities within the International Economic Zone Bridge Gate (seller) shall submit to the Bridge Gate international border gate Customs Sub-Department a list of imported goods used as raw materials and components for producing imported goods brought into the domestic market and a standard material consumption rate for imported raw materials and components from abroad used to produce imported goods if the goods are produced, processed, recycled, or assembled within the International Economic Zone Bridge Gate using imported raw materials and components from abroad.

The customs authority shall be responsible for maintaining records for each organization and individual engaged in production and business activities within the International Economic Zone Bridge Gate to compile statistics and verify against the Warehouse Release Certificates of those goods and services.

2.7 Exported, imported, temporarily exported-reimported, temporarily imported-reexported goods; transferred goods; transiting goods; means of transport exiting, entering, or transiting through the International Economic Zone Bridge Gate may only pass through controlled gates and handle customs procedures at the Control Posts and Customs Processing Teams within the International Economic Zone Bridge Gate. Domestic means of transport passing through the International Economic Zone Bridge Gate shall be subject to supervision by the customs authority of the International Economic Zone Bridge Gate.

2.8 In addition to the provisions of this Circular, the parties involved shall fulfill other obligations prescribed by the Law on Customs; the Law on Export Duties and Import Duties, and the provisions of related legal documents.

3. Land allocation with land use fee payment and land lease system in the International Economic Zone Bridge Gate:

3.1 Organizations and individuals using land in the International Economic Zone Bridge Gate may use the land for investment in infrastructure construction, production, and business operations and shall have corresponding rights and obligations in accordance with the form of land allocation or lease as prescribed by the law on land.

3.2 A single land lease price shall apply to organizations, individuals, and enterprises leasing land, without distinction between domestic or foreign organizations and individuals. The land lease price and exemption from land lease fees shall be implemented in accordance with current laws and the provisions of Clause 1, Article 24 of the Operating Regulations of the International Economic Zone Bridge Gate, Ha Tinh Province promulgated by Decision No. 162/2007/QĐ-TTg.

In cases where land is transferred or leased without going through public auction for land use rights or bidding for projects using land, the Management Board of the International Economic Zone at Cau Treo Bridge shall decide on the amount of land use fees, land lease fees, exemptions, and reductions thereof for each project in accordance with the land price framework issued by the People's Committee of Ha Tinh Province in accordance with the Government's regulations.

4. Investment credit regime:

Enterprises belonging to various economic sectors with investment production and business projects in the International Economic Zone at Cau Treo Bridge shall be considered for preferential state credit loans in accordance with the current regulations of the Government on investment credit development.

5. Price, fee, and other tax policies:

5.1 The Management Board of the International Economic Zone at Cau Treo Bridge is authorized to collect various types of fees and charges related to issuing and extending Business Registration Certificates, Investment Licenses, Representative Office Establishment Licenses, Branch Licenses of traders and enterprises both domestic and foreign, Investment Incentive Certificates, Labor Permits, Origin Certificates of Goods; entry and exit fees for persons and means of transport at the international border gate of Cau Treo Bridge, and other corresponding fees and charges in accordance with the tasks delegated by relevant state management agencies under current regulations.

The Management Board of the International Economic Zone at Cau Treo Bridge shall establish frameworks of prices and levels of fees and charges to be implemented in the International Economic Zone at Cau Treo Bridge and submit them to competent authorities for consideration and issuance in accordance with the law. When entrusted with tasks by competent state agencies, the Management Board of the International Economic Zone at Cau Treo Bridge shall have the responsibility to notify and register with the tax authority where the Management Board is located regarding the collection of various types of fees and charges due to the execution of delegated tasks.

5.2 The usage prices of infrastructure works, public utilities, and common services in the International Economic Zone at Cau Treo Bridge such as traffic roads, technical infrastructure systems, street lighting, electricity, water, and telecommunications shall be agreed upon by infrastructure businesses with users after reaching consensus with the Management Board of the International Economic Zone at Cau Treo Bridge.

5.3 Other types of taxes, fees, and charges shall be implemented according to the current provisions in the Tax Laws, the Ordinance on Fees and Charges, and other legal documents.

6. Preferential regime for developing infrastructure in the International Economic Zone at Cau Treo Bridge:

The International Economic Zone at Cau Treo Bridge shall enjoy preferential policies to develop its infrastructure. Investments in building socio-economic infrastructure in the International Economic Zone at Cau Treo Bridge must not disrupt planning and defense positions ensuring national defense tasks in the border gate area. Specific preferential policies include the following:

6.1 Support for investment from the state budget to build infrastructure:

The State Budget (hereinafter referred to as SB) shall support investment in constructing technical-social infrastructure works, important service and public utility works serving the International Economic Zone at Cau Treo Bridge according to the objectives approved by competent authorities. The SB will only support investment planning and construction for common infrastructure works throughout the entire International Economic Zone at Cau Treo Bridge, including infrastructure works within industrial zones, industrial-commercial zones in the International Economic Zone at Cau Treo Bridge, even those outside the International Economic Zone at Cau Treo Bridge but directly serving it, excluding infrastructure reserved for individual functional areas within the International Economic Zone at Cau Treo Bridge such as urban areas, residential areas, eco-tourism areas, and commercial-service areas.

Annually, based on socio-economic infrastructure investment projects that have been approved by competent authorities, the progress of implementation of these projects, the Management Board of the International Economic Zone at Cau Treo Bridge shall coordinate with the Department of Planning and Investment, the Department of Finance to report to the People's Committee of Ha Tinh Province, the Ministry of Planning and Investment, the Ministry of Finance, and relevant agencies to request competent authorities to allocate additional targeted funds from the central budget to the local budget in accordance with the law on the state budget. Additionally, based on the local budget capacity, the People's Committee of Ha Tinh Province shall propose the People's Council of Ha Tinh Province to allocate funds for the construction of the International Economic Zone at Cau Treo Bridge's infrastructure from the local budget in accordance with the Law on the State Budget.

6.2 Land use revenue regime for infrastructure development capital:

Revenue from land use and land lease fees collected when transferring or leasing land in the International Economic Zone at Cau Treo Bridge shall be used to invest in developing the International Economic Zone at Cau Treo Bridge's infrastructure.

The transfer and lease of land shall be carried out in accordance with the laws on land.

6.3 Mobilizing capital through bond issuance and official development assistance (ODA) and other sources to invest in developing the International Economic Zone at Cau Treo Bridge's infrastructure:

The Management Board of the International Economic Zone at Cau Treo Bridge shall submit to the People's Committee of Ha Tinh Province plans for issuing bonds to construct large-scale projects that play a crucial role in the development of the International Economic Zone at Cau Treo Bridge. Bond issuance shall be conducted in accordance with Decree No. 141/2003/ND-CP dated November 20, 2003 of the Government on the Regulations on Issuing Government Bonds, Government-Guaranteed Bonds, Local Government Bonds, and other forms of capital mobilization as stipulated by law.

Socio-economic infrastructure works, necessary public utility service works, and other technical assistance for the International Economic Zone at Cau Treo Bridge shall be included in the list of ODA-funded projects. The use of ODA funds shall be carried out in accordance with current regulations.

7. Financial regime applicable to the Management Board of the International Economic Zone at Cau Treo Bridge:

The Management Board of the International Economic Zone at Cau Treo Bridge is a first-level budget unit of the Ha Tinh provincial budget.

The preparation of budgets, compliance with and settlement of operating expenses and basic construction investment funds shall be carried out in accordance with current regulations on the state budget and construction investment.

III. IMPLEMENTATION

1. This Circular shall take effect 15 days after its publication in the Official Gazette. Any difficulties encountered during implementation should be reported to the Ministry of Finance for study and supplementary guidance.

2. The People's Committee of Ha Tinh Province shall be responsible for allocating capital annually for the construction of infrastructure in the International Economic Zone Bridge Treo; promulgating standards and the number of automobiles that organizations and individuals with production and business establishments in the International Economic Zone Bridge Treo are allowed to purchase.

3. The Management Board of the International Economic Zone Bridge Treo shall be responsible for ensuring that all conditions stipulated in Clause 4, Section I are met so that the International Economic Zone Bridge Treo can apply the financial regime prescribed in this Circular.

4. In addition to the tasks prescribed by the Law on Customs, the General Department of Customs, based on the guidance on customs procedures in this Circular, shall direct the Ha Tinh Provincial Customs Office to implement the following tasks:

- Organizing anti-smuggling, anti-commercial fraud activities, and preventing illegal imports of goods from the International Economic Zone Bridge Treo into the domestic market and at other areas within its operational jurisdiction.

- Cooperating with the Management Board of the International Economic Zone Bridge Treo and relevant agencies (Taxation, Police, Border Guard) to carry out anti-smuggling, anti-commercial fraud activities, and prevent illegal imports of goods from the International Economic Zone Bridge Treo into the domestic market.

5. The Customs Sub-department at the International Border Gate Bridge Treo shall perform the tasks of inspecting and supervising goods and means of transport, preventing smuggling and illegal cross-border transportation of goods; implementing tax laws applicable to exported and imported goods; organizing checkpoints and customs clearance teams according to regulations, suitable to the geographical characteristics of the International Economic Zone Bridge Treo to effectively fulfill assigned tasks.

6. Within two years of implementing this Circular, the People's Committee of Ha Tinh Province shall direct the Management Board of the International Economic Zone Bridge Treo to take the lead and coordinate with the Ministry of Finance to conduct a review and assessment of the application of certain preferential financial policies in the International Economic Zone Bridge Treo./.