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THE
MINISTRY OF FINANCE
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SOCIALIST
REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No:
86/2002/TT-BTC
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Hanoi,
September 27, 2002
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CIRCULAR
GUIDING THE SPENDINGS IN SUPPORT OF TRADE AND
EXPORT PROMOTION ACTIVITIES
In furtherance of the Government’s Resolution
No. 05/2002/NQ-CP of April 24, 2002 on a number of measures to implement the
2002 socio-economic plan;
After obtaining opinions of the Ministry of
Trade, the Ministry of Planning and Investment, some trade associations and
directive opinions of the Prime Minister in Official Dispatch No.
5109/VPCP-KTTH of September 16, 2002 of the Government Office; in order to
enhance export encouragement and promotion, the Ministry of Finance hereby
prescribes the mechanism of spendings in support of market development and
trade promotion activities as follows:
I. GENERAL PROVISIONS
1. Annually, the State shall put aside a
budgetary amount calculated on export turnover to support trade and export
promotion activities under national key programs (hereinafter called trade
promotion programs for short), aiming to:
- Create conditions for enterprises to approach
export markets.
- Improve the competitiveness of export
products.
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- Diversify goods items, reform commodity
structure and expand export markets.
- Propagate for Vietnam’s export goods.
2. On the basis of the State’s export
orientations in each period, the Ministry of Trade shall assume the prime
responsibility in synthesizing opinions of various ministries and branches,
then evaluating and proposing national key trade promotion programs, clearly
stating their contents, implementation duration, managing agencies and funding
estimates, for submission to the Prime Minister for approval.
3. For some localities which can allocate
funding from surplus budget revenues and other lawful financial sources, the
presidents of the provincial/municipal People’s Committees shall decide to set
up local trade promotion funds or export support funds for spending on export
encouragement, including trade promotion activities prescribed in this
Circular.
The provincial/municipal Trade Services shall
assume the prime responsibility in formulating local key trade promotion
programs for submission to the provincial/municipal People’s Committees for
approval.
4. Support principles:
- Funding for the implementation of key trade
promotion programs shall be contributed by participating enterprises and partly
supported by the State via the program-managing agencies.
- The agencies assigned to manage the programs
shall have to ensure that funding is used economically and efficiently, and
take responsibility for the spending contents strictly according to current
regimes.
II. SPECIFIC PROVISIONS
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1.1. Gathering trade information, conducting
export propagation and setting up data centers in support of enterprises;
1.2. Providing export consultancy;
1.3. Organizing training courses in order to
raise export business capability and skills for enterprises;
1.4. Organizing export fairs and exhibitions;
1.5. Surveying and seeking export markets;
1.6. Propagating for national trademarks and
typical export products;
1.7. Initial expenses for building
infrastructure for trade promotion: building bonded warehouses, trade promotion
centers and displaying export products at home and abroad;
1.8. Conducting the research into the
application and development of e-commerce in service of export;
1.9. Other trade promotion activities decided by
the Prime Minister.
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3. Subjects receiving support: shall be trade
associations, trade promotion agencies under various ministries and branches,
or some eligible enterprises designated to act as agencies managing national
key trade promotion programs approved by the Prime Minister (for programs
supported by the central budget) or the presidents of the provincial/municipal
People’s Committees (for programs supported by the local budgets).
Enterprises providing trade promotion services
shall not be entitled to support.
The program-managing agencies shall have to
mobilize funding from contributions of enterprises of all economic sectors,
which participate in the programs, receive the State’s support, and use such
amounts for the programs efficiently and for the right purposes.
4. Support levels:
- To support 50% of expenses for activities
stated at Points 1.1 to 1.5 of Section 1, Part II.
- To support 70% of expenses for the remaining
activities.
The special cases shall be decided by the Prime
Minister or the presidents of the provincial/municipal People’s Committees (for
localities).
5. Capital sources for support
Annually, the State shall put aside a budgetary
amount equal to 0.25% of the total national export turnover of the previous
year (excluding crude oil turnover) and transfer such amount into the Export
Support Fund to form the support source for national key trade promotion
programs. In cases where such amount is not paid out, the remainder shall be
deducted into the amount to be spent in the subsequent year.
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6. Procedures for support granting:
- On the basis of the total funding level for
each national key trade promotion program already approved, annually, the
program-managing agencies shall elaborate and send the spending estimates for
trade promotion activities and the support estimates to the Ministry of Finance
(concurrently to the Ministry of Trade)
For localities, these estimates shall be sent to
the provincial/municipal Finance and Pricing Services (concurrently to the
Trade Services).
- Based on the estimates and implementation
tempo, after conducting the appraisal, the Ministry of Finance shall advance
from the Export Support Fund (or the provincial/municipal Finance and Pricing
Services shall advance from the local trade promotion funds or export support
funds) the estimated support amounts to the program-managing agencies for
carrying out trade promotion activities.
7. Final settlement of support:
Annually, the program-managing agencies shall
have to sum up all actual collection and spending items and apportion
implementation funding according to the proportion prescribed in Part II,
Section 3, in order to publicly announce the final settlements with financial
bodies (the Finance Ministry’s Enterprises Finance Department or the
provincial/municipal Finance and Pricing Services) and enterprises
participating in the programs, and at the same time, send such settlements to
trade agencies of the same levels.
On the basis of the final settlements, the
program-managing agencies shall have to return the surplus funding amount to,
or be entitled to receive the deficit funding amount from, parties obligated to
contribute funding to the programs.
The program-managing agencies shall be subject
to the inspection and supervision by functional agencies as prescribed.
8. Provisions on accounting:
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- The program-managing agencies shall account
the programs collection and spending items separately and fully according to
the State’s regulation.
III. IMPLEMENTATION PROVISIONS
1. This Circular takes effect after its signing,
applies to trade promotion activities from 2002 to 2005 and replaces the
Finance Ministry’s Circular No. 61/2001/TT-BTC of August 1, 2001 guiding the
spendings in support of market development and trade promotion activities.
2. In the course of implementation, if meeting
with any difficulties and troubles, agencies and enterprises are requested to
report them to the Ministry of Finance for study and settlement.
FOR THE MINISTER OF FINANCE
VICE MINISTER
Tran Van Ta