Decision No. 932/QD-TTg stipulates the financial mechanism for Vietnamese Product Promotion Centers abroad, including financial support in the first year and from the third year onwards, only rental support will be provided. The centers need to develop plans to increase revenue and reduce expenses to gradually decrease the portion of support from the state budget.
Scope of application
Vietnamese Product Promotion Centers abroad
Key points
- The centers are supported with 100% funding in the first year, 100% operational funding in the second year, and 100% rental costs from the third year onwards.
- The centers need to develop plans to increase revenue and reduce expenses to gradually decrease the portion of support from the state budget.
- The expenditure and financial management regime for the centers shall be applied as the regime for Vietnamese representative offices abroad.
- Salaries and allowances for specialized staff working at the centers, dispatched by the Ministry of Trade, shall be implemented according to the current regime for civil servants dispatched for long-term assignments abroad.
- The Ministry of Trade will work with the Ministry of Finance to allocate specific annual budget estimates for each center.
🌐 Social impact of this document
- Positive impact: Helps the centers operate more effectively, enhancing trade promotion and investment.
- Negative impact: May impose a financial burden on the state budget during the initial phase.
❓ Frequently asked questions
How much percentage of funding are the centers supported in the first year?
In the first year, the centers are supported with 100% funding to establish and operate.
From the third year onwards, how much percentage of funding are the centers supported?
From the third year onwards, the centers are only supported with 100% rental costs (for the center's headquarters and housing for two center staff members), the remaining funding must be self-sustained.
What are the regulations regarding salaries and allowances for staff working at the centers?
Salaries and allowances for specialized staff working at the centers, dispatched by the Ministry of Trade, shall be implemented according to the current regime for civil servants dispatched for long-term assignments abroad.
What plans do the centers need to develop?
The centers need to develop plans to increase revenue and reduce expenses to gradually decrease the portion of support from the state budget.
When does this decision take effect?
This decision takes effect 15 days after its publication in the Official Gazette and replaces Decision No. 971/QD-TTg dated October 22, 2002.
Full text
DECISION
On the financial mechanism for Vietnamese Product Introduction Centers
abroad abroad
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Considering the proposal of the Minister of Trade in Document No. 3666/TM-XTTM dated August 1, 2005,
DECISION:
Article 1. Vietnamese Product Introduction Centers abroad (established pursuant to the Prime Minister's Decision) shall be supported by the state budget under the following mechanism:
- In the first year: support 100% of the funding for establishment and operation, including pre-establishment expenses; - In the second year: support 100% of the operational funding for the entire Center; - From the third year onwards: support 100% of rental costs for the Center's headquarters and housing for two Center staff members; the remaining funding shall be self-sustained by the Centers. The Centers need to develop plans to increase revenue and reduce expenditure to gradually decrease the portion of support from the state budget.
Article 2. The expenditure and financial management regime for the Centers shall be applied as the regime for Vietnamese Representative Offices abroad.
The salary and allowances for dedicated staff working at the Centers, dispatched by the Ministry of Trade, shall be implemented according to the current regime for civil servants dispatched for long-term assignments abroad.
Article 3. Based on the financial mechanism stipulated in Article 1 of this Decision, the Ministry of Trade shall work with the Ministry of Finance to allocate specific funding in the annual state budget for each Center after receiving the Prime Minister's establishment decision; establish a reasonable revenue mechanism to facilitate trade promotion and investment activities for businesses while supplementing the annual funding for Center operations.
Article 4. This Decision takes effect 15 days after its publication in the Official Gazette and replaces Decision No. 971/QD-TTg dated October 22, 2002.
Article 5. The Ministers of Trade, Finance, and Home Affairs are responsible for implementing this Decision./.
DEPUTY PRIME MINISTER
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