THE MINISTER OF AGRICULTURE AND RURAL DEVELOPMENT
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No. 114/2008/QD-BNN
Hanoi, November 28, 2008
 
DECISION
ESTABLISHING VIETNAM FOREST PROTECTION AND DEVELOPMENT FUND
THE MINISTER OF AGRICULTURE AND RURAL DEVELOPMENT
Pursuant to the Government's Decree No. 01/2008/ND-CP of January 3, 2008, defining the functions, tasks, powers and organizational structure of the Ministry of Agriculture and Rural Development;
Pursuant to the Government's Decree No. 05/2008/ND-CP of January 14, 2008, on forest protection and development funds;
At the proposal of the director of the Organization and Personnel Department and the director of the Forestry Department,
DECIDES:
Article 1.- To establish Vietnam Forest Protection and Development Fund.
To establish Vietnam Forest Protection and Development Fund at the central level (below referred to as the Fund) to mobilize, receive, manage and use financial resources for forest protection and development activities under the Government's Decree No. 05/2008/ND-CP of January 14, 2008.
Article 2.- The Fund's legal status
1. The Fund is a state financial institution and subject to the Agriculture and Rural Development Ministry's management.
2. The Fund has the legal person status and its own seal and may open state treasury and bank accounts according to law.
3. The Fund's name: Quy Bao ve va Phat trien Rung Viet Nam (Trung uong - central level).
4. The Fund's international transaction name: Vietnam Forest Protection and Development Fund, abbreviated to VNFF.
5. The Fund is headquartered at the Ministry of Agriculture and Rural Development. Address: No. 2, Ngoc Ha street, Ba Dinh district. Hanoi.
Article 3.-The Fund's tasks and powers
1. Tasks
a/ To mobilize, receive and manage compulsory contributions; aid, financial supports, voluntary contributions and entrusted funds of domestic and foreign organizations and individuals; and state budget's financial supports;
b/ To organize according to its financial capacity and competence the evaluation and selection of programs, projects or non-project activities, and submit them to competent authorities for approval or decision;
c/ To finance programs, projects, provincial-level forest protection and development funds or non-project activities;
d/ To direct, guide, inspect and supervise managers and users of financial supports provided by the Fund;
e/ To observe the laws on statistics, accounting, audit and the regulations on reporting to the Ministry of Agriculture and Rural Development;
f/ To preserve and develop the Fund's capital sources and cover management expenses;
g/ To provide guidance and exchange experience on the Fund's management operations;
h/ To perform other tasks assigned by the Minister of Agriculture and Rural Development.
2. Powers
a/ To allocate funds for programs, projects or non-project activities under approved annual plans;
b/ To inspect, assess and check upon take-over implementation outcomes of programs, projects or non-project activities financed by the Fund;
c/ To suspend the operation of, or retrieve provided financial supports from, organizations, households, individuals or village communities that breach fund use commitments or violate relevant laws;