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THE GOVERNMENT
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No:
195/1999/QD-TTg
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Hanoi, September 27, 1999
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DECISION
ON THE SETTING UP, USE AND MANAGEMENT OF
EXPORT SUPPORT FUND
THE PRIME MINISTER
Pursuant to the Law on Organization of the
Government of September 30, 1992;
At the proposals of the Minister of Finance and the Minister of Trade,
DECIDES:
Article 1.- To set up the Export Support Fund in order to
support, encourage and boost the export of goods, expand the export market and
raise the competitiveness of Vietnam’s export goods.
The Export Support Fund is managed by the
Finance Ministry and has a separate bank account at the State Treasury.
Article 2.- The Export Support Fund is created from the
following sources:
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2. The annual additional State budget allocations.
3. The import-export quota-granting fee.
4. The fee of the granting of certificates of
goods’ origin.
5. The licensing fee for the establishment and
operation of representative offices of economic organizations in Vietnam, as
well as for the opening of branches of foreign companies in Vietnam.
6. The contributions of importing-exporting
enterprises having goods items with import-export price differences which have
not yet been collected. The Finance Ministry and the Trade Ministry shall
specify this revenue source.
7. The revenues from other sources by the Prime
Minister’s decisions.
In the immediate future, to transfer the total
credit balance of the Price Stabilization Fund and the amount of surcharges, on
certain kinds of goods into the Price Stabilization Fund under Decision
No.151/TTg of April 12, 1993 and the Export Reward Fund under Decision
No.764/QD-TTg of August 24, 1998, in order to create the initial capital of the
Export Support Fund.
Article 3.- The source of revenue from import-export goods
price differences shall be determined as follows:
1. For import goods, it shall be the difference
between the domestic selling prices accepted by the market and the cost prices
of the import goods, including the actual import prices with freight, the insurance
fee to the port of import, import tax as prescribed by law and circulation
expenses.
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3. The price difference shall be determined in
percentage (%) for each goods category. For import goods, it shall be the
percentage (%) of between the arising price difference and the actual import
prices, including the overseas freight and the insurance fee to the port of
import. For export goods, it shall be the percentage (%) between the arising
price difference and the actual export prices at the port of export, not
including the costs arising outside the country.
4. Goods exported from or imported into the
export processing zones; equipment, supplies and goods imported under the Law
on Foreign Investment in Vietnam; goods imported or exported for specimen,
advertisement, exhibitions and fairs; refundable and non-refundable aids; and
goods being gifts, belongings as well as luggage of people on entry or exit
shall not be subject to the price difference collection prescribed in this
Decision.
The Finance Ministry shall consult the
Government Pricing Committee to provide detailed guidance for the
implementation of this Article.
Article 4.- The Export Support Fund shall be used for the
following purposes:
1. Providing full or partial support for interests
on banks’ loans for the purchase of export agricultural
products when world market prices fall, adversely affecting the domestic
production; and for the reserve of agricultural products for export under the
direction and management of the Government or the Prime Minister.
2. Providing definite financial support for a
number of export goods category that suffer from losses due to their low
competitiveness or objective risks.
3. Rewarding the search for and expansion of
export market, new goods items exported for the first time, export goods with
high quality recognized and certified by international organizations, high and
efficient export value.
4. Providing other supports under the Prime
Minister’s decisions.
Article 5.-
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2. The Finance Minister shall effect the export
support expenditures in strict compliance with the regulations after consulting
the Trade Ministry, the Government Pricing Committee and the goods line
controlling agencies; and at the same time, have to strictly manage the Fund
according to the current financial regime. Annually, the Finance Ministry shall
consult the Ministry of Planning and Investment in drawing up the plan on
adding the Export Support Fund with State budget; and report to the Prime
Minister on the results of the Fund’s activities.
3. The Minister of Trade shall assume the prime
responsibility and coordinate with the Finance Ministry in considering and
deciding rewards for exporting enterprises which meet the norms stipulated at
Point 3, Article 4 of this Decision.
4. The goods line-controlling ministries,
especially the Ministry of Agriculture and Rural Development shall coordinate
with the Government Pricing Committee, the Finance Ministry and the Trade
Ministry in mapping out the export strategy for each specific goods category as
well as the export capability and conditions in each period; then submit it to
the Prime Minister for decision on the support of a number of goods categories,
including the support forms, levels and duration.
5. The Government Pricing Committee shall assume
the prime responsibility and coordinate with the Finance Ministry, the Trade
Ministry, the goods line controlling agencies and the People’s
Committees of the provinces and centrally-run cities in overseeing the price
fluctuations inside and outside the country, detecting the import-export goods
price differences, proposing lists of goods with price differences to be
collected, collection percentages and duration and submitting them to the Prime
Minister for deciding the collection of price differences.
6. The General Department of Customs shall have
to collect the price differences at the time of collecting import and export
taxes and remit the revenue therefrom into the Export Support Fund’s
account at the State Treasury.
Article 6.- This Decision takes effect 15 days after its
promulgation; to annul the Prime Minister’s Decision
No.151/TTg of April 12, 1993 on the setting up, use and management of the Price
Stabilization Fund, and Decision No.764/1998/QD-TTg of August 24, 1998 on the
setting up of the Export Reward Fund.
Article 7.- The Finance Minister, the other
ministers, the heads of the ministerial-level agencies, the heads of the
agencies attached to the Government and the presidents of the People’s
Committees of the provinces and centrally-run cities shall have to implement
this Decision.
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