THE
MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No:
61/2001/TT-BTC
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Hanoi, August 01, 2001
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CIRCULAR
GUIDING THE
SPENDINGS IN SUPPORT OF MARKET DEVELOPMENT AND TRADE PROMOTION ACTIVITIES
In furtherance of the Government’s Resolution
No. 05/2001/NQ-CP of May 24, 2001 on a number of additional solutions to the
execution of the 2001 economic plan;
On the basis of the comments of the Ministry of Trade, the Ministry of Planning
and Investment and the Government Pricing Committee, and the Prime Minister’s
directing opinion in Official Dispatch No. 3075/VPCP-KTTH of July 10, 2001 of
the Government’s Office; in order to further encourage and step up export, 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. Market development and trade promotion
activities (hereafter called trade promotion activities for short) aiming to
encourage export include:
1.1. Gathering information on export markets,
customers and goods;
1.2. Hiring economic and trade consultants;
1.3. Seeking for export markets;
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1.5. Establishing Vietnam’s trade promotion
centers in foreign countries;
1.6. Setting up representative offices of Vietnam’s enterprises and branch and trade associations in foreign countries.
2. Expenses for these activities shall be
covered by the following sources:
- Expenses arising at public-service units shall
be covered by the State budget sources through economic public-service
spendings and in support of rural production and business lines;
- Expenses arising in enterprises shall be
accounted into their production and/or business costs by enterprises themselves
and shall be partly provided by the Export Support Fund.
3. This Circular prescribes the spendings in
support of trade promotion activities at enterprises from the Export Support
Fund.
4. Principles of support:
- The State shall partly support the expenses
for trade promotion activities on the basis of the actually spent amount and
the annual foreign currency turnover of enterprises;
- Enterprises which are provided with trade
promotion expense support by the State must ensure that such funding is used
economically and efficiently, and take responsibilities for the spending
contents according to current regulations.
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1. Subjects enjoying support shall be
enterprises engaged in export business activities (of all economic sectors) and
having annual foreign currency revenues.
- Service enterprises organizing trade promotion
activities shall not be provided with trade promotion expense support
prescribed in this Circular.
- The spendings in support of trade promotion
activities according to the export turnover do not apply to the following
cases:
- Goods exported for debt repayment and as aid
to foreign countries;
- Goods exported under the Government’s
agreements;
- Goods exported in form of barter;
- Re-exported goods;
- Goods of highly commercial competitive nature
such as petroleum.
2. Trade promotion support levels:
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1.2. For the trade promotion activities
mentioned at Points 1.5 and 1.6 of Part I, enterprises initial investment
expenses shall be partly supported by the State. The support level is
determined as equal to 0.1% of the actually collected export turnover in the
year (calculated according to the FOB price at a Vietnamese port or equivalent
modes of goods delivery), but must not exceed 50% of initial investment
expenses as stipulated for each project by the Finance Ministry and the Trade
Ministry and approved by the competent agencies.
3. Branch and trade associations conducting
trade promotion activities which yield export contracts for their member units
shall be supported through the transfer of support spendings from such member
units. The transfer levels shall be agreed upon by the associations and member
units.
4. Capital sources: Spendings in support of
market development and trade promotion shall be covered by the Export Support
Fund.
5. Procedures for support consideration:
5.1. Dossier of support consideration: At the
year end, the exporting enterprises shall send trade promotion support-related
dossiers to the Finance Ministry, more concretely:
a) For the support spendings prescribed at Point
2.1 of Part II:
a.1. The enterprise�s official dispatch
requesting the support;
a.2. A statement of actual export turnover of
the enterprise in the reporting period with certification by the Commercial
Bank where the enterprise has opened its export goods foreign currency account;
a.3. A report on business results in the
reporting period, including the detailed report on trade promotion expenses.
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b.1. The Trade Ministry’s proposal;
b.2. Project(s) already approved by competent
agency(ies);
b.3. A report on actually arising expenses;
b.4. A report on business results in the
reporting period.
5.2. Basing himself on the above-said dossier
and the support levels prescribed in this Circular, the Finance Minister shall
decide to support enterprises with funding from the Export Support Fund.
6. Stipulations on accounting:
- For enterprises: Spendings in support of
market development and trade promotion shall be accounted as follows:
+ The support spendings mentioned at Point 2.1
of Part II shall be accounted as decrease of the enterprise’s business costs
(management expenses);
+ The support spendings mentioned at Point 2.2
of Part II shall be accounted into the State capital source investing in
projects.
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The enterprises’ directors and the associations
chairmen shall have to manage, use and account the above-said support spendings
according to the State’s regulations.
III. IMPLEMENTATION PROVISIONS
1. This Circular takes effect as from January 1,
2001.
2. In the course of implementation, if any
difficulties or problems arise, 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