THE MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 109/2001/TT-BTC

Hanoi, December 31, 2001

 

CIRCULAR

 

GUIDING THE ACCOUNTING OF THE RECEPTION AND USE OF NON-REFUNDABLE AIDS

In furtherance of the Government’s Decree No. 17/2001/ND-CP of May 4, 2001 promulgating the Regulation on management and use of the official development assistance sources; the Prime Minister’s Decision No. 64/2001/QD-TTg of April 26, 2001 promulgating the Regulation on management and use of aids provided by foreign non-governmental organizations;

The Ministry of Finance hereby guides the accounting and settlement of non-refundable aids by units which receive and use non-refundable aids, as follows:

 

I. GENERAL PROVISIONS

 

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1. Non-refundable aids constitute a source of State budget revenue and must be accounted into the budget and settled according to the State Budget contents.

 

The non-refundable aids include: Aids in Vietnamese currency, foreign currencies, commodity, assets in form of aid programs, projects in the non-business and administrative fields and capital construction investment or non-programs, - projects of humanitarian nature, which are approved by competent authorities, and the emergency relief as well as aid for overcoming consequences of natural disasters.

 

2. The ministries, commissions, branches, mass organizations, social organizations of the central and local levels, the Finance-Pricing Services of the provinces and centrally-run cities, aid project- managing boards and units receiving and using non-refundable aids (hereinafter called units for short) shall all have to account fully, accurately and promptly the received and used aid amounts and settle the aid sources like the source of allocated State budget funds according to the provisions of the current accounting regime and the provisions of this Circular.

 

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