THE MINISTRY OF FINANCE
Circular No. 132/2015/TT-BTC dated August 28, 2015 of the Ministry of Finance guiding the financial management for Vietnam Environment Protection Fund
Pursuant to the Law on Environment Protection dated June 23, 2014;
Pursuant to the Government's Decree No. 215/2013/ND-CP dated December 23, 2013 defining the functions, tasks, entitlements and organizational structure of the Ministry of Finance;
Pursuant to the Prime Minister’s Decision No. 78/2014/QD-TTg dated December 26, 2014 on organization and operation of Vietnam Environment Protection Fund;
At the request of Director of the Financial Department for banks and financial institutions;
The Minister of Finance promulgates the Circular providing guidance on financial management mechanism for Vietnam Environment Protection Fund.
Chapter I
GENERAL PROVISIONS
Article 1. Scope of adjustment
This Circular provides guidance on financial management mechanism for Vietnam Environment Protection Fund organized and operating under the Prime Minister’s Decision No. 78/2014/QD-TTg dated December 26, 2014 on organization and operation of Vietnam Environment Protection Fund (hereinafter referred to as Decision No. 78/2014/QD-TTg).
Article 2. Subject of application
1. Vietnam Environment Protection Fund (hereinafter referred to as the Fund)
2. Relevant agencies, organizations and individuals;
Article 3. Principles of financial management
1. The Fund is the financial institution affiliated to the Ministry of Natural Resources and Environment operating not for profit but guaranteeing charter capital maintenance and self-balance of administrative expenses, enjoying exemption from taxes and remittances to state budget for activities of environmental protection in accordance with regulations on taxation and state budget.
2. The Fund operates in open, transparent and fair way in accordance with laws.
3. The Fund shall be subject to inspection, investigation and auditing over financial activities by state administration agencies on finance and state audit.
Article 4. Responsibility regime
The Management Board, Executive Committee and Director of the Fund shall be responsible to the law and state administration agencies for managing capital and assets of the Fund, ensuring purposeful and effective use of capital, and complying with regulations on financial management, accounting and audit.
Chapter II
REGULATIONS ON CAPITAL SOURCES AND ASSETS
SECTION 1. MANAGEMENT OF CAPITAL SOURCES AND USE OF CAPITAL OF THE FUND
Section 5. Capital sources for operations of the Fund
Capital for operations of the Fund comprises:
1. Charter capital
a) Charter capital of the Fund to 2017 is VND 1,000 billion. Plan for addition of charter capital to the Fund is prescribed in Clause 1, Article 7 of Decision No. 78/2014/QD-TTg;
b) Additional charter capital to the Fund comes from the following sources:
- State budget;
- Development investment Fund;
