(MPI) – Decree No. 182/2024/ND-CP dated December 31, 2024 regulating the establishment, management and use of the Investment Support Fund stipulates that the Investment Support Fund is a national fund established by the Government and assigned to the Ministry of Planning and Investment for management; operating not for profit, not for the purpose of preserving the Fund's financial resources. The Fund is under the Ministry of Planning and Investment, operating under a model similar to a public service unit, according to separate regulations on organization and operating mechanism prescribed in this Decree.
 |
| Illustration photo. Source: MPI |
The Fund has legal status, uses its own seal, opens a budget account at the State Treasury to receive funds from the state budget and opens an account at the State Treasury and commercial banks for non-state budget sources.
According to the Decree, the Fund has the function of managing and coordinating the Fund's financial resources to support the subjects specified in this Decree.
The Fund's tasks are to receive, manage and use the State budget and other legal sources, according to the provisions of this Decree and regulations related to the Fund's operations; Provide support to enterprises according to the subjects, conditions, contents and support levels prescribed in this Decree; Implement the reporting, financial management, accounting, auditing regimes and regulations related to the Fund's operations according to the provisions of this Decree and relevant legal provisions.
The Fund's authority is to organize activities in accordance with the Fund's objectives and scope of operations; to hire organizations, experts, scientists and other individuals to support the implementation of the Fund's tasks; The Fund's non-state budget financial resources are deposited at commercial banks or the State Treasury. The Fund is exempt from corporate income tax on the Fund's revenues.
The Fund's organizational structure includes: Fund Management Board; Fund Executive Body.
The Fund Management Board is established by decision of the Prime Minister for a term of 5 years and is subject to reappointment. The Fund Management Board consists of the Chairman, Vice Chairmen and members of the Board. The structure and organization of the Fund Management Board shall be implemented according to the Decision of the Prime Minister.
The Fund Management Board has the tasks and powers according to the Prime Minister's Decision, including the following tasks and powers: Deciding on the Fund's 5-year and annual operational strategies and plans; Issuing the Fund's operating regulations in accordance with the provisions of this Decree; Approving the Fund's annual financial plan; Reporting to the Government for consideration and approval of the total cost support level for enterprises based on the socio-economic development orientation, investment attraction for each period and the ability to balance the annual state budget; on that basis, assigning the cost support plan to each locality for implementation, and sending it to the State Treasury where the transaction takes place to control expenditures; Approving periodic reports and Fund settlement reports; Supervising and inspecting the operations of the Fund's Executive Body in complying with the provisions of law and implementing the resolutions and decisions of the Board; Issue Decisions on investment support for enterprises that have not yet come into operation and enterprises that are eligible for initial investment cost support as prescribed in Section 2, Chapter III of this Decree. Other tasks and powers are decided by the Prime Minister.
The Fund Management Agency is the standing agency of the Fund Management Board, established by decision of the Minister of Planning and Investment, with the following duties and powers: Perform the duties of the standing agency of the Fund as prescribed in this Decree; Synthesize reports on investment support proposals from localities and reports on the assessment of dossiers on cost support procedures of enterprises as prescribed in Point b, Clause 2, Article 29 of this Decree to report to the Fund Management Board; Organize the implementation of the Resolutions and decisions of the Council; Preside over the assessment of dossiers requesting cost support of enterprises that have not yet come into operation and enterprises eligible for initial investment cost support as prescribed in Section 2, Chapter III of this Decree. Perform other tasks assigned by the Chairman of the Council. Prepare payment request dossiers as prescribed and send them to the State Treasury.
The Fund's executive body includes: Fund Director; Deputy Fund Directors; Chief Accountant and a number of members who are officers, civil servants and public employees of the Ministry of Planning and Investment operating under a part-time regime appointed by the Minister of Planning and Investment.
The Fund Director is the legal representative of the Fund, the account holder of the Fund, responsible for organizing and managing the activities of the Executive Body; assigning tasks to Deputy Directors, Chief Accountant and Members of the Executive Body in performing the duties and powers of the Executive Body; signing reports, settlements, publicizing the Fund's finances and documents under the authority of the Executive Body.
The Deputy Director of the Fund is the person who assists the Director of the Fund, performing tasks assigned or authorized by the Director of the Fund. The Chief Accountant of the Fund performs tasks assigned by the Director of the Fund, is responsible for accounting work, financial reporting, and settlement reports of the Fund in accordance with the provisions of law and this Decree./.
Source: https://www.mpi.gov.vn/portal/Pages/2025-1-2/Bo-Ke-hoach-va-Dau-tu-quan-ly-Quy-Ho-tro-dau-tud3ad2j.aspx
![[Photo] Top players gather at the 2025 Nhan Dan Newspaper National Table Tennis Championship](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/23/9ad5f6f4faf146b08335e5c446edb107)
Comment (0)