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THE
PRIME MINISTER OF GOVERNMENT
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No.
42/2006/QD-TTg
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Hanoi, February 16, 2006
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DECISION
ON A NUMBER OF PREFERENTIAL FINANCIAL AND BUDGETARY
MECHANISMS FOR CAN THO CITY
THE PRIME MINISTER
Pursuant to the
December 25, 2001 Law on Organization of the Government;
Pursuant to State Budget Law No. 01/2002/QH11 of December 16,2002;
Pursuant to the Government's Decree No. 60/2003/ND-CP of June 6, 2003,
detailing and guiding the implementation of the State Budget Law;
At the proposal of the Minister of Finance,
DECIDES:
Article 1.-
To promulgate a number of preferential financial and budgetary mechanisms for
Can Tho city as follows:
1. Regarding
state budget supports:
a/ In order to
support Can Tho city in executing important projects of significance for the
city and Mekong river delta provinces, based on the approved total budget
estimates, the progress of project execution, the municipal budget's
capital-allocating capacity, and the central budget's capital-balancing
capacity, in the period from 2006 to 2010, the Ministry of Planning and
Investment and the Ministry of Finance shall report to the Government for
submission to the National Assembly on the allocation of capital from the
central budget through ministries or central agencies or of targeted partial
supports to the city's budget for the execution of important projects,
including:
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- An investment
project on linking National Highway No. 91 with the road south of Hau river;
- A project on National Highway No. 1A curved section linked with National Highway No. 80;
- A project on the
Can Tho-Xa No-Vi Thanh road section;
- A project on
upgrading and expansion of National Highway No. 91;
- A project on
embankment of Hau and Can Tho rivers (the section running through the inner
city);
- A project on
building the cultural center of Can Tho province;
- A project on
building the national center for sport training;
- A project on
building Can Tho central general hospital;
- A project on
building Can Tho University of Medicine;
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- A project on Cu
Lao-Tan Loc dyke;
- Aproject on the
road and bridge spanning Khuong alluvial islet;
- Projects on
upgrading of Can Tho University into a national key university in the direction
of multidiscipline development; establishment of a sub-institute of the Ho Chi
Minh National Politics Institute and a sub-institute of the National Institute
of Public Administration in Can Tho city; upgrading of existing research
institutes and building of several research and transfer establishments
specialized in economics, biotechnology, high technologies (mechanical
engineering, chemical industry, information technology, agriculture, etc.) to
meet regional development requirements; building of medical centers and
hospitals specialized inoncology, obstetrics, cardiovascular diseases, etc., in
service of the Mekong river delta region.
b/ The Ministry of
Planning and Investment shall coordinate with the Ministry of Finance in
submitting to competent authorities for consideration and decision the
allocation of investment capital from the source of government bonds to
important and key programs and projects, including:
- Mau Than-Tra Noc
airport route;
- Bon Tong-Mot Ngan
route;
- Upgrading and
expansion of Cai Cui port.
c/ Annually, if there
is an increase in the central budget revenue over the assigned estimates from
the revenue distributed between the central budget and the city's budget
according to the provisions of the State Budget Law, Can Tho city's budget
shall be rewarded 30% of this increase which, however, must not exceed the
amount increased over the previous year's amount.
d/ For the revenue
amount collected in excess of the annual central budget estimates, based on the
budget remittance results, the Ministry of Finance shall consult the Ministry
of Planning and Investment before reporting it to the Government for submission
to the National Assembly Standing Committee on the prioritized grant of such
amount to the city's budget according to the provisions of the State Budget
Law.
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2. Regarding
the policy of mobilizing financial sources for
development investment:
a/ Can Tho city may
mobilize domestic investment capital by issuing municipal bonds or in other
forms according to the provisions of law. The city's budget shall have to
arrange financial sources for payment of debts and related expenses according
to regulations.
b/ Can Tho city may mobilize
foreign loan capital for execution of important projects and works which are to
be funded with the city budget on the principle that, based on the projects
approved by the People's Council of the city and written comments of the
Finance Ministry, the Planning and Investment Ministry and the Vietnam State
Bank, the People's Committee of Can Tho city shall submit its proposals to the
Prime Minister for consideration and decision according to the mechanism under
which the Government borrows foreign capital for providing sub-loans to the
city for execution of projects and works at the request of the municipal
People's Committee. The city shall allocate capital from its budget for
repayment of foreign loans according to the provisions of law.
The total debit
balance of capital sources mobilized for projects and works to be funded by the
city budget specified at Points a and b above must not exceed 30% of the city
budget's total capital construction investment capital set in the annual
estimates decided by the People's Council of the city (excluding capital
sources mobilized for investment in projects according to the provisions of law
and irregular targeted additional allocations from the central budget to the
city's budget for investment in projects).
c/ Within the size
and capacity of its budget and in accordance with the provisions of law, Can
Tho city may apply the mechanism of providing partial interest supports to
organizations which borrow capital for investment in important projects capable
of retrieving capital (investment in industrial parks; environmental, public
sanitation and water drainage services, etc.).
d/ Priority shall be
given in allocating to Can Tho city official development assistance (ODA)
capital, which is borrowed by state budget for allocation to projects incapable
of retrieving capital, for investment in important infrastructure projects
funded by the city's budget. The city's budget shall allocate domestic capital
to such projects.
e/ Regarding
mobilization and efficient use of land use levies for socio-economic
development investment in Can Tho city: on the basis of plannings approved by
competent authorities, the city may advance the local budget and other
mobilized capital sources according to regulations for investment in projects
on ground clearance, compensation, population relocation, resettlement;
investment in projects to build dwelling houses for resettlement; or investment
in technical infrastructure works for creation of land funds, and thereby, to
auction land use rights according to regulations, creating capital sources for
development investment and payment of advanced and mobilized capital sources.
3. Regarding
the receipt of aid:
Can Tho city may
receive foreign non-refundable aids in unlimited amount, except those related
to institution, policy, law, administrative reform or culture and information
as provided for in Article 6 of the Prime Minister's Decision No.
64/2001/QD-TTg of April 26, 2001, on the Regulation on management and use of
non-governmental aid.
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Article 3.-
Apart from matters governed by this Decision, those related to the financial
regime and state budget applicable to Can Tho city shall still comply with the
provisions of the current State Budget Law and the Government's Decree No.
60/2003/ND-CP of June 6, 2003, detailing and guiding the implementation of the
State Budget Law.
The Ministry of Finance
shall assume the prime responsibility for, and coordinate with concerned
agencies in, implementing and guiding the contents of this Decision in
accordance with the provisions of law.
Article 4.-
This Decision takes effect 15 days after its publication in "CONG
BAO."
Article 5.-
The Ministers of Finance; Planning and Investment; and Transport, the Governor
of the State Bank of Vietnam, the president of the People's Committee of Can
Tho city, and heads of concerned agencies shall have to implement this
Decision.
PRIME MINISTER
Phan Van Khai