THE MINISTRY OF FINANCE

Circular No. 69/2012/TT-BTC of May 3, 2012, guiding the management and use of the proceeds from the Japanese Government’s non-refundable aid for the Food Security Project for Underprivileged Farmers (2KR project)
Pursuant to the Diplomatic Note signed on October 29, 2009, between the Vietnamese Government and the Japanese Government and the Aid Agreement signed on October 29, 2009, between the Vietnamese Government and the Japan International Cooperation Agency on the Japanese Government’s non-refundable aid for the Food Security Project for Underprivileged Farmers (2KR project);
In furtherance of the Government Office’s Official Letter No. 7844/VPCP-QHQT of November 14, 2008, on the mechanism for the receipt of the Japanese Government’s aid for the 2KR project, and the Prime Minister’s Document No. 1642/TTg-QHQT of September 15, 2009, ontheDiplomatic Note and Agreement on the Japanese Government’s aid for underprivileged farmers;
The Ministry of Finance guides the management and use of the proceeds from the Japanese Government’s non-refundable aid for the 2KR project as follows: 
Part I
GENERAL PROVISIONS
Article 1. Scope of regulation
This Circular guides the management and use of the proceeds from the sale of aid goods belonging to the Japanese Government’s non-refundable aid for the 2KR project. 
Article 2. Aid fund account and service bank
The proceeds from the sale of aid goods must be transferred into an separate account (aid fund account) at a bank (service bank) and used for development investment projects under the Agreement between the Vietnamese Government and the Japanese Government.
Article 3. Selection of works and projects
Based on the project registrations of localities (project owners) and the aid purpose as agreed between the two governments, the Ministry of Planning and Investment shall coordinate with the Ministry of Finance, the Ministry of Agriculture and Rural Development and related agencies in agreeing with the Japanese Government’s representative to select specific works and projects that may use the proceeds from the aid, and officially notify the list of such works and projects to the Japanese side for coordination.

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