Rectifying provisions on the use of State vehicles

VCN- The Ministry of Finance has issued an announcement No. 790/TBBTC on the reorganization and application of funding packages for State vehicles.
rectifying provisions on the use of state vehicles The Ministry of Industry and Trade proposes to increase the quota for State vehicles
rectifying provisions on the use of state vehicles Allocating administrative expenditure for State vehicles
rectifying provisions on the use of state vehicles Who has the right to liquidate official State vehicles?
rectifying provisions on the use of state vehicles
Illustrative photo.

Accordingly, enterprises under the Ministry of Finance (Vietnam Corporate Debt trading Co. Ltd, Vietnam Lottery Company, Hanoi Stock Exchange, HCM City Stock Exchange, and Vietnam Securities Depository Center) should urgently review, build an organizational plan and arrange State vehicles and drivers properly in accordance with the State principle, standards and norms.

The above units are responsible for implementing regulations on the use of State vehicles to report to the Minister of Finance before 31st December 2016.

For individuals who are do not have approval to use State cars from home to the workplace, will be handled under current regulations.

For enterprises with 100% State capital (State Capital Investment Corporation and Vietnam Development Bank), the Ministry of Finance was assigned to perform the rights and obligations of the owner. Accordingly, the Ministry of Finance shall study Decision No. 1997/QD-BTC on funding packages of State vehicles for the Deputy Minister of Finance and similar leaders with allowances with a coefficient of 1.25 (Director General or equivalent) under the Ministry of Finance to issue suitable regulations and provisions for the use of State vehicles from home to the workplace in line with current regulations.

Also, these units should review, build organizational plans and arrange State vehicles and drivers properly in accordance with standards and norms from December 2016.

The Chairman of Directors, Chairman of the Board and the Director Generals of State-owned enterprises are responsible for implementing regulations on the use of State vehicles to report to the Minister of Finance before 31st December 2016.

For State enterprises under the Ministry of Finance to perform the rights and obligations (Bao Viet), the representatives of the State capital shall propose to the Management Board on regulations on funding packages for State vehicles for individuals from home to the workplace; build organizational plans and arrange State vehicles and drivers properly in accordance with State principles, standards and norms.

The results of the implementation of these regulations must be reported to the Ministry of Finance before 31st December 2016.

The arrangement of State vehicles and drivers of Departments, and the Institute of Strategy and Policy under the Ministry of Finance shall be conducted by the Department of Planning and Finance; and the Department of Personnel and Organization in coordination with the Office of the Ministry of Finance to report to the Minister of Finance in December 2016.

The remaining units under the Ministry of Finance are also required urgently to review, build organizational plans and arrange State vehicles and drivers properly in accordance with State principle, standards and norms to report to the Ministry of Finance before 31st December 2016.

The Department of Planning and Finance shall gather the above contents to to report to the Ministry of Finance before 15th January 2017.

rectifying provisions on the use of state vehicles Who has the right to liquidate official State vehicles?

VCN- In response to relevant agencies questions about official State cars, the Ministry of Finance has provided ...

This Ministry of Finance will continue to expand and promote the effectiveness of the use of State vehicles on the basis of Decision No. 1997 and Notice No. 16-TB/BCSD on the conclusion of the Party Commission of the Ministry of Finance.

By Hong Van/ Hoang Anh

Related News

Vietnam makes comprehensive strides in public financial management reform

Vietnam makes comprehensive strides in public financial management reform

VCN - Vietnam has achieved significant milestones in its public financial management (PFM) reforms, earning praise for its comprehensive progress across multiple areas, according to the latest Public Expenditure and Financial Accountability (PEFA) Report.
Major reforms in the management of state capital in enterprises

Major reforms in the management of state capital in enterprises

VCN - The draft Law on Management and Investment of State Capital in Enterprises is set to be presented and discussed at the National Assembly, featuring numerous new provisions after multiple rounds of public consultation. The draft law is expected to bring significant reforms to the operational framework for managing state capital and state-owned enterprises (SOEs).
Revising the title of a draft of 1 Law amending seven finance-related laws

Revising the title of a draft of 1 Law amending seven finance-related laws

VCN - On November 19, 2024, the Standing Committee of the National Assembly (SCNA) discussed amendments and refinements to the draft of a law revising seven existing finance-related laws. Concluding the session, Vice Chairman of the National Assembly Nguyen Duc Hai emphasized the need for the Government to direct the drafting body and relevant agencies to collaborate closely to finalize a persuasive and widely supported report, ensuring the quality of the draft law for the National Assembly's consideration and decision.
Truly comprehensive finance: supporting micro and small enterprises

Truly comprehensive finance: supporting micro and small enterprises

VCN - To effectively support micro and small enterprises, Dr. Nguyen Duc Kien (pictured), former Deputy Chairman of the National Assembly's Economic Committee, former Head of the Prime Minister's Advisory Group, and Chairman of the Scientific Council of the Institute for Digital Economic Development Strategy (IDS), suggests that specific and specialized solutions and policies are needed to enhance these businesses' access to capital and technology.

Latest News

Positive outlook for Việt Nam’s banking sector in 2025

Positive outlook for Việt Nam’s banking sector in 2025

Bank stocks will deliver a strong performance again this year, partly because sector-wide bank earnings growth is expected to accelerate from 14 per cent in 2024 to 17 per cent in 2025 driven by a shift in GDP growth drivers from external factors to domestic driven growth, according to investment management firm VinaCapital.
SBV makes significant net withdrawal to stabilise exchange rate

SBV makes significant net withdrawal to stabilise exchange rate

Analysis shows it’s an intervention to manage system liquidity.
Việt Nam could maintain inflation between 3.5–4.5% in 2025: experts

Việt Nam could maintain inflation between 3.5–4.5% in 2025: experts

The forecasts were presented by experts at the scientific conference titled ’Market and Price Developments in Việt Nam in 2024 and Forecasts for 2025’ organised by the Institute of Economics and Finance and the Price Management Department on January 9 in Hà Nội.
Banking industry to focus on bad debt handling targets in 2025

Banking industry to focus on bad debt handling targets in 2025

The non-performing loan (NPL) ratio of the banking system (excluding NPLs of weak commercial banks) needs to be controlled at below 3 per cent by the end of 2025.

More News

State Bank sets higher credit growth target for 2025

State Bank sets higher credit growth target for 2025

The credit growth target for the banking system in 2025 has been set higher than in 2024.
Outlook for lending rates in 2025?

Outlook for lending rates in 2025?

VCN - The economy is forecast to continue to recover strongly from the end of 2024 to 2025, helping credit demand increase rapidly, but lending interest rates may also be under increasing pressure.
Tax policies drive strong economic recovery and growth

Tax policies drive strong economic recovery and growth

VCN - Far more than just a revenue-collection agency, the Tax Department has played a pivotal role in creating a transparent, equitable, and business-friendly environment. These efforts have not only contributed to macroeconomic stability but also fueled recovery and development for businesses, individuals, and households.
E-commerce tax collection estimated at VND 116 Trillion

E-commerce tax collection estimated at VND 116 Trillion

VCN - According to data from the General Department of Taxation, taxes declared and paid directly by foreign suppliers via the electronic portal in 2024 amounted to VND 8.687 trillion, equivalent to 126% of the previous year’s total and a 74% increase compared to current appropriation.
Big 4 banks estimate positive business results in 2024

Big 4 banks estimate positive business results in 2024

One of the country’s biggest banks expects results to be the best for four years.
Flexible and proactive when exchange rates still fluctuate in 2025

Flexible and proactive when exchange rates still fluctuate in 2025

VCN - In the last days of 2024, as many forecasts, the US Federal Reserve (Fed) continued to cut interest rates, pushing the USD index up, creating pressure on domestic exchange rates. Therefore, domestic exchange rate management policies need to continue to be flexible and appropriate, thereby supporting businesses in import and export.
Issuing government bonds has met the budget capital at reasonable costs

Issuing government bonds has met the budget capital at reasonable costs

VCN - According to the State Treasury's report, capital mobilization through the issuance of government bonds has ensured mobilization to meet the capital needs of the state budget at reasonable costs.
Bank stocks drive market gains as VN-Index closes final Friday of 2024 on a positive note

Bank stocks drive market gains as VN-Index closes final Friday of 2024 on a positive note

Việt Nam’s stock market ended the final Friday of 2024 on a positive note, with banking stocks leading the rally and VN-Index successfully surpassing the 1,275-point mark.
Banks still "struggling" to find tools for handling bad debt

Banks still "struggling" to find tools for handling bad debt

VCN - According to financial experts, the rising trend in bad debt continues to pose significant challenges to debt resolution and recovery efforts at credit institutions (CIs).
Read More

Your care

Latest Most read
Positive outlook for Việt Nam’s banking sector in 2025

Positive outlook for Việt Nam’s banking sector in 2025

Bank stocks will deliver a strong performance again this year, partly because sector-wide bank earnings growth is expected to accelerate from 14 per cent in 2024 to 17 per cent in 2025 driven by a shift in GDP growth drivers from external factors to domestic driven growth, according to investment management firm VinaCapital.
SBV makes significant net withdrawal to stabilise exchange rate

SBV makes significant net withdrawal to stabilise exchange rate

Analysis shows it’s an intervention to manage system liquidity.
Việt Nam could maintain inflation between 3.5–4.5% in 2025: experts

Việt Nam could maintain inflation between 3.5–4.5% in 2025: experts

The forecasts were presented by experts at the scientific conference titled ’Market and Price Developments in Việt Nam in 2024 and Forecasts for 2025’ organised by the Institute of Economics and Finance and the Price Management Department on January 9 in Hà Nội.
Banking industry to focus on bad debt handling targets in 2025

Banking industry to focus on bad debt handling targets in 2025

The non-performing loan (NPL) ratio of the banking system (excluding NPLs of weak commercial banks) needs to be controlled at below 3 per cent by the end of 2025.
State Bank sets higher credit growth target for 2025

State Bank sets higher credit growth target for 2025

The credit growth target for the banking system in 2025 has been set higher than in 2024.
Mobile Version