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What are responsibilities of provincial development investment funds in Vietnam?

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Question date: 21/03/2023

According to the new regulations on organization and operation of provincial development investment funds. Please ask, what are responsibilities of provincial development investment funds in Vietnam?

    • What are responsibilities of provincial development investment funds in Vietnam?

      Pursuant to the provisions of Clause 1, Article 4 of Circular 86/2021/TT-BTC, responsibilities of provincial development investment funds are specified as follows:

      1. Each Fund shall develop and submit to the Fund’s Executive Board for promulgation of regulations on investment, construction, procurement and management of fixed assets; regulations on capital mobilization; lending regulations; regulations on management of investments in establishment of business entities, contributions to, purchased shares and stakes in business entities; regulations on management of investments made under contracts or investment projects; regulations on entrustment and other regulations at the request of the Fund’s Executive Board.

      Best Regards!

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    "This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts"

    LEGAL BASIS OF THIS SITUATION
    • Article 4 of Circular 86/2021/TT-BTC Download
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