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Establishment of Investment Support Fund Management Board

Prime Minister Pham Minh Chinh has just signed and issued Decision No. 1511/QD-TTg dated July 11, 2025 on the establishment of the Investment Support Fund Management Board.

Báo Khánh HòaBáo Khánh Hòa12/07/2025

Minister of Finance Nguyen Van Thang. Photo: Doan Tan/VNA
Minister of Finance Nguyen Van Thang. Photo: Doan Tan/VNA

According to the Decision, the Chairman of the Council is Minister of Finance Nguyen Van Thang. The Vice Chairman of the Council is Deputy Minister of Finance Nguyen Thi Bich Ngoc.

Council members include: Deputy Minister of Science and Technology Bui Hoang Phuong, Deputy Minister of Home Affairs Nguyen Manh Khuong; Deputy Minister of Industry and Trade Phan Thi Thang and Deputy Minister of Construction Nguyen Van Sinh.

The Fund Management Board is the management agency of the Investment Support Fund (hereinafter referred to as the Fund), on behalf of the Fund to decide, perform the functions, tasks and powers of the Fund as prescribed in Article 9 of Decree No. 182/2024/ND-CP dated December 31, 2024 of the Government regulating the establishment, management and use of the Investment Support Fund.

The Fund Management Board decides on the Fund's strategy and 5-year and annual operating plans; issues or amends the Fund's operating regulations; manages and uses the Fund in accordance with the law, operates not for profit, not for the purpose of preserving the Fund's financial resources; approves the Fund's annual financial plan.

The Fund Management Board reports to the Government for consideration and approval of the total cost support level for enterprises based on the orientation of socio-economic development, investment attraction in each period and the ability to balance the annual state budget; on that basis, assign the cost support plan to each locality for implementation, and send it to the State Treasury where the transaction takes place to control expenditures; approve periodic reports and Fund settlement reports.

At the same time, supervise and inspect the operations of the Fund Management Agency in complying with legal provisions and implementing resolutions and decisions of the Council; issue Decisions on investment support for enterprises that have not yet come into operation and enterprises eligible for initial investment cost support as prescribed in Section 2, Chapter III of Decree No. 182/2024/ND-CP dated December 31, 2024; use the Fund's seal to perform the tasks and powers of the Fund Management Board; perform other tasks and powers decided by the Prime Minister.

According to VNA

Source: https://baokhanhhoa.vn/kinh-te/202507/thanh-lap-hoi-dong-quan-ly-quy-ho-tro-dau-tu-9f966df/


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