MINISTRY OF FINANCE

Circular No. 69/2013/TT-BTC dated May 21, 2013 of the Ministry of Finance guiding the financial management regime applicable to the Peasant Assistance Fund of Vietnam Peasants’ Association
Pursuant to the Decree No. 118/2008/ND-CP dated November 27, 2008 of the Government defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
Pursuant to the Decision No. 673/QD-TTg dated May 20, 2011 of the Prime Minister on direct implementation and coordination of Vietnam Farmers’ Union to implement some programs and projects on rural economic, cultural and social development for the period from 2011 to 2020;
At the proposal of the Chief-director of the Finance and Banking Department and financial organizations;
The Minister of Finance promulgates the Circular guiding the financial management regime applicable to the Peasant Assistance Fund of Vietnam Peasants’ Association,
Article 1. Subjects of application
Subject of application under this Circular is the Peasant Assistance Fund of Vietnam Peasants’ Association (including the Peasant Assistance Fund Central Committee, the Peasant Assistance Fund at the provincial and district level) which is established under the Document No. 4035/KTTH dated July 26, 1995 on the establishment of the Vietnam Peasant Assistance Fund and the Decision No. 673/QD-TTg dated May 20, 2011 of the Prime Minister on direct implementation and coordination of Vietnam Farmers’ Union to implement some programs and projects on rural economic, cultural and social development for the period from 2011 to 2020.
Article 2. The financial management principles
1. The Peasant Assistance Fund shall operate not for the profit-making purpose, support and assist peasants in developing the rural production.
2. The Peasant Assistance Fund has the legal entity, its own stamps, balance sheet, and is entitled to open the account at the State Treasury, domestic commercial banks in accordance with the Law.
3. The Fund shall take self-responsibility for its operations before law, enjoy the financial autonomy, ensure the capital safety; make up the expenses and risks in the operation according to the Law and under this regulation.
4. The management capital activities, the financial revenue and expenditure activities of the Peasant Assistance Fund shall be subject to the direction and management by the Executive Board of the Vietnam Peasants Association Central Committee at the same level and the Executive Board of the Vietnam Peasants Association Central Committee.