Enterprises donate cars: State agencies can receive under standards

VCN - Enterprises donate cars to State agencies and the agencies massively returned cars, being a hot topic on the newspapers. Therefore, this subject was also mentioned a lot at the press conference on public carsof the Ministry of Finance on the afternoon of March 08, 2017. 
enterprises donate cars state agencies can receive under standards The condition to import used automobiles as gifts donations
enterprises donate cars state agencies can receive under standards What are the procedures for the imported automobiles as gifts, donations?
enterprises donate cars state agencies can receive under standards Cars in the form of gifts and donations: Loopholes of the policy and trade fraud?
enterprises donate cars state agencies can receive under standards

Mr. Tran Duc Thang was talking with press.

Answering the question, "Can State agencies be allowed to receive cars donated by enterprises?". Mr. Tran Duc Thang, Director General of the Public Asset Management Department under the Ministry of Finance confirmed that it is possible but must be in line with the standards, norms and regulations of law.

This was stipulated in the Prime Minister's Decision No. 64/2007/QD-TTg promulgating the regulations on giving, receiving and handover of gifts by State budget-funded agencies, organizations and units and cadres, public employees and servants.

Accordingly, agencies, units and cadres, public employees and servants not only are entitled to receive gifts, but also may use funds and assets of the State or originated from the State budget as gifts.

Types of gifts include not only cars but also Vietnamese currency, foreign currencies, savings certificates, stocks, bonds, checks and valuable papers; and materials, goods, assets; and services of domestic or overseas sightseeing tours, travel, healthcare, education-training, internship and refresher training and other kinds of services; and rights to buy assets, houses, land use rights and equipment use rights; non State-prescribed privileges., etc.

Thus, the agencies receiving gifts or donations from organizations and enterprises have legal basis. According to Mr. Thang, in fact many organizations and enterprises have donated medical equipment and learning tools to units in remote areas besides car donation for transportation. These actions are socially encouraged and supported.

In some localities, if the receipt of donated cars does not accompany with conditions related to personal interests, the localities are allowed to receive. After receiving, the localities must use them in accordance with standards and norms. If the receipt of donated car is overstandards and norms but the localities cannot refuse, the donated cars must be handled according to regulations, such as being sold to collect money for the budget" Mr. Thang said.

Basing on the Prime Minister’s Decision, all ministries, agencies, units and localities must decide and take responsibility for their decision whether to receive or not receive gifts by themselves.

If receiving gifts, those assets must be owned by the State, then the unit will report to the Ministry of Finance to take them into national data on State assets.

If the donated assets are cars, the process of receipt shall be also in compliance with those procedures. The expense to take care ofdonated automobiles is ensured by the total annual budget’s expenditures of the receiving unit.

enterprises donate cars state agencies can receive under standards Is it suitable for local agencies to receive cars of enterprises?

VCN- According to the Deputy Minister of Finance Vu Thi Mai, the provisions of the Government clearly ...

Also according to the representative of the Public Asset Management Department, through actual deployment, the management mechanism of donated cars has hadsome problems. Hence, in the coming time, the Department will review and consult the Ministry of Finance to submit the National Assembly to amend Decision No. 64 in direction of requesting units to report to the upper levels before receiving gifts as assets with great value and concurrently requesting ODA projects to ensure cost of car operation during performance when giving and donating cars for Project Management Board.

In my opinion, what is likely to affect professional performance, responsibility and operational activities, we should not receive against being in debts and feeling uneasy when working. – Mr. Tran Duc Thang
By Hong Van/ Huyen Trang

Related News

Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations

Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations

VCN - Enterprises exporting cinnamon essential oil are facing difficulties due to regulations on pharmaceutical trading of the Ministry of Health, leading to hundreds of tons of essential oil being left in stock in raw material areas.
Without resolving three significant bottlenecks, real estate market

Without resolving three significant bottlenecks, real estate market's revival will face numerous challenges

VCN - Economic expert Vu Dinh Anh shares insights on the real estate market's recovery trajectory in 2024.
Developing e-commerce goes hand in hand with increasing responsibility for compliance with the law

Developing e-commerce goes hand in hand with increasing responsibility for compliance with the law

VCN - The Prime Minister issued Decision No. 319/2023/QD-TTg approving the Project on anti-counterfeiting and consumer protection in e-commerce until 2025. The project demonstrates special interest and The Government's determination to ensure e-commerce activities are transparent, and healthy, and effectively protect the legitimate rights and interests of businesses and consumers.
Law needed to ensure banks can repossess collateral on bad debts

Law needed to ensure banks can repossess collateral on bad debts

It is necessary to create a synchronous and breakthrough legal framework to deal with bad debts in order to achieve more positive results as the work is facing many challenges, according to experts.

Latest News

Vietnam seeks to remove obstacles in upgrade of securities market

Vietnam seeks to remove obstacles in upgrade of securities market

The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.
Price stability from supply increase and transparency in trading in gold market

Price stability from supply increase and transparency in trading in gold market

VCN - To stabilize the gold market, economic expert Prof.Dr. Tran Tho Dat, a member of the Prime Minister's Economic Advisory Group, said that it is necessary to implement solutions to make all transactions transparent in the gold market, implement electronic invoices as well as pay taxes in gold investment activities.
SBV takes more actions to stabilise foreign exchange rates

SBV takes more actions to stabilise foreign exchange rates

The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

VCN - The revised Draft Law on Value Added Tax (VAT), besides inheriting many provisions from the current Law, also revises and supplements several contents to suit the actual situation, including some notable contents in VAT refund.

More News

Corporate bond maturity in 2024 remains high: MoF

Corporate bond maturity in 2024 remains high: MoF

The volume of corporate bonds maturing in 2024, though lower than that in 2023, is till at a high level, mostly in industries with payment risks such as real estate and renewable energy, according to a report by the Ministry of Finance (MoF).
Support clearance procedures for imported gold for bidding

Support clearance procedures for imported gold for bidding

VCN - The State Bank (SBV) has sent a document to competent ministries and branches requesting coordination in implementing the Prime Minister's direction in gold market management.
The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low

The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low

VCN - According to forecasts, Vietnam's financial sector in 2024 will be more positive, with the exchange rate gradually cooling down from the end of the second quarter of 2024, while interest rates will remain low to promote growth.
Majority of credit institutions forecast profit growth in 2024

Majority of credit institutions forecast profit growth in 2024

A total of 86.2% of credit institutions expect their profit this year to grow compared to 2023, according to the latest survey of the State Bank of Vietnam (SBV).
Central bank plans to auction gold bars on April 22

Central bank plans to auction gold bars on April 22

The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Old loans must endure higher interest rates temporarily: central bank

Old loans must endure higher interest rates temporarily: central bank

The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
State-owned enterprises flourished

State-owned enterprises flourished

VCN - The production and business situation in the first quarter of 2024 of the state-owned enterprise sector continues to have many bright spots with many financial targets completed or exceeding the set plan. This is the premise for positive business results in the second quarter and the whole year 2024.
Forum discusses support for women-owned firms ​to join supply chains

Forum discusses support for women-owned firms ​to join supply chains

A forum on supporting women-owned businesses to join supply chains through sustainable development tools took place in Hanoi on April 17.
Ensure savings and prevent losses in disbursement of public investment

Ensure savings and prevent losses in disbursement of public investment

VCN - The practice of thrift and combating waste in the management and use of public investment is one of key tasks in the program of thrift practice and waste combat in 2024 of the Ministry of Finance.
Read More

Your care

Latest Most read
Vietnam seeks to remove obstacles in upgrade of securities market

Vietnam seeks to remove obstacles in upgrade of securities market

The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.
Price stability from supply increase and transparency in trading in gold market

Price stability from supply increase and transparency in trading in gold market

VCN - To stabilize the gold market, economic expert Prof.Dr. Tran Tho Dat, a member of the Prime Minister's Economic Advisory Group, said that it is necessary to implement solutions to make all transactions transparent in the gold market, implement electr
SBV takes more actions to stabilise foreign exchange rates

SBV takes more actions to stabilise foreign exchange rates

The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

The revised Draft Law on Value Added Tax (VAT) also revises and supplements several contents to suit the actual situation, including some notable contents in VAT refund
Corporate bond maturity in 2024 remains high: MoF

Corporate bond maturity in 2024 remains high: MoF

The volume of corporate bonds maturing in 2024, though lower than that in 2023, is till at a high level, mostly in industries with payment risks such as real estate and renewable energy, according to a report by the Ministry of Finance (MoF).
Mobile Version