MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT THE COUNCIL OF THE FUND
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SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness
Hanoi, December 2021
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Regulations on
organization and operation of the Central Disaster Management Fund
Chapter I
GENERAL RULES
Article 1. Scope
This Regulation prescribes the organization, operation and management, use and administration of the Central Disaster Management Fund (hereinafter referred to as the Fund); duties and powers of the Central Fund Management Council (hereinafter referred to as the Council), the Supervisory Board, the Central Fund Management Authority (hereinafter referred to as the Fund Management Authority), professional, services units and related organizations and individuals.
Article 2. Subjects of application
- Fund management apparatus: Council, Supervisory Board, Fund Management Authority.
- Relevant units under the Ministry of Agriculture and Rural Development.
- Related agencies, organizations and individuals in relation to the Fund.
Article 3. Legal status of the Fund
- An off-budget state financial fund established under the provisions of Decree No. 78/2021/ND-CP dated August 1, 2021 of the Government and managed by the Ministry of Agriculture and Rural Development.
- The Fund operates under the model of a one-member limited liability company in which 100% of charter capital is held by the State, has legal status, its own seal and is allowed to open accounts at the State Treasury and commercial banks those are operating legally in Vietnam.
- The fund has an English transaction name: Vietnam Disaster Management Fund, abbreviated as VNDMF.
- The Foundation's head office is located in Hanoi city.
Article 4. Principles and operational purposes of the Fund
- Principle:
- a) Not for profit purposes;
b ) Manage and use it for the right purposes, in accordance with the law, in a timely and effective manner, ensuring publicity and transparency;
c ) Support for natural disaster prevention and control activities that the state budget has not yet invested in or has not met the requirements.
- Purpose:
- a) Mobilize and receive resources for natural disaster prevention and control activities;
- b) Support activities: prevention, response and recovery of consequences of natural disasters.
Article 5. Mission of the Fund
- Mobilizing and receiving resources for natural disaster prevention and control activities:
- a) Mobilizing legal funding sources and voluntary contributions from domestic and foreign organizations and individuals;
- b) Receive and regulate from the provincial natural disaster prevention and control fund according to the decision of the Prime Minister;
- Manage and use financial resources as prescribed in this Regulation.
- Support for disaster prevention and control activities that the state budget has not yet invested in or has not met the requirements in all three phases: Natural disaster prevention; disaster response and disaster recovery. Prioritize the following activities:
- a) Provide relief and support for unexpected expenses for emergency response activities when major natural disasters occur. Support for payment and compensation to organizations and individuals when mobilizing forces, vehicles, materials, and equipment for emergency response in the event of natural disasters or construction incidents caused by impacts of natural disasters; Support for necessary expenses incurred in organizing the implementation of emergency response activities of the Steering Committee at the command and direction center (standing office) as well as the Front Steering Committee and missions of the steering committee at the field.
- b) Support for post-disaster recovery and reconstruction activities that exceed the local capacity, such as: support for individuals and families of victims; emergency relief for food, drinking water, medicine and other essential needs; support home remodeling, medical facilities, schools; environmental sanitation, disease prevention ; restore production and stabilize people's lives in areas damaged by natural disasters ; to support the supply of essential materials and goods and take measures to stabilize prices and markets; supporting the implementation of post-disaster reconstruction models to ensure safety, sustainable and effective livelihoods after major natural disasters.
- c) To assist in search and rescue and treatment of injured people; emergency migration operations during natural disasters; Support food, medicine, drinking water and other necessities in divided areas, severely flooded areas and evacuation sites;
- d) Assist in the urgent handling of dyke, natural disasters prevention works that pose a risk of unsafety;
dd ) Supporting research, application, transfer of science and technology and social organization in prevention, response, remediation and recovery and reconstruction after natural disasters;
- e) Supporting the development of specialized disaster observation, tracking and monitoring systems and transmit natural disaster warning information to serve the direction and operation of natural disaster prevention and control agencies at all levels;
- g) Support activities of disseminating legal knowledge, information, communication, training and capacity building training for officials in charge of disaster prevention and control at all levels; raising awareness and skills of natural disaster prevention and control for people and communities. Organize training, coaching, professional guidance and exchange and learn experiences on management skills among provincial funds; implementation of a project on public awareness raising and community-based disaster risk management;
- h) Assist in natural disaster prevention and control drills, organize training , drills , and provide professional guidance for forces engaged in natural disaster prevention and control , task forces for natural disaster prevention and control natural disasters at grassroots, organizations, households and individuals;
- i) Support basic investigation work; database building; develop plans and scenarios for responding to major natural disasters and coordinate activities in natural disaster prevention and control of inter-provincial, inter-regional and inter-sectoral nature;
- k) Supporting the development of typical models and examples that are effective in disaster prevention; build a safe community and organize the implementation of replication such as: typical provinces, districts and communes on natural disaster prevention and control; the commune ensures the requirements of proactive disaster prevention and climate change adaptation in the construction of new agriculture; Natural disaster prevention and control groups and teams at commune and village level;
- l) Support to invest in equipment and support tools to ensure safety and serve the direction and operation of the Steering Committee at the Standing Office and the missions of the Steering Committee at the field;
- m) Supporting activities of receiving, managing, renting warehouses and yards, transporting, preserving, protecting and distributing aid, support and relief goods;
- Implement the directives of the Party and State leaders in natural disaster prevention and control.
- Support activities of visiting and encouraging of the Steering Committee leaders and missions of the Steering Committee for families and victims;
- Support in organizing events honoring domestic and foreign organizations and individuals that have provided aid, support and relief for annual disaster prevention and control activities; Building, upgrading, managing and using the Fund's website to serve the Fund's activities.
7 . Implement reporting modes ; comply with the inspection and publicize the operation results of the Fund according to regulations.
Article 6. Authority of the Fund
- Mobilizing, receiving, managing and using lawful funding sources and voluntary contributions of domestic and foreign organizations and individuals.
- Receive regulation from the Provincial Fund according to the Prime Minister's decision.
- Manage and use financial resources, assets and other resources in accordance with this Regulation and the provisions of law.
- To open accounts at the State Treasury and commercial banks lawfully operating in Vietnam.
- To use idle capital in Vietnam dong for term deposit at commercial banks.
- To implement other obligations and powers as prescribed by law.
chapter II
FUND ORGANIZATION AND OPERATIONS
Article 7. Management and administration apparatus
The Fund management and administration apparatus consists of: Council, Supervisory Board and Fund management authority.
Section 1.
CENTRAL FUND MANAGEMENT COUNCIL
Article 8 . Structure of the Fund Management Council
Fund Management Council consists of 07 members, performing their tasks under the part-time mechanism .
- The Council consists of:
- a) The Chairman of the Council is the Minister of Agriculture and Rural Development ministry;
- b) The Standing Vice Chairman of the Council is the Deputy Minister of Agriculture and Rural Development in charge of the field of Irrigation and Disaster Prevention and Control ;
- c) The Vice Chairman of the Council cum Director of the Fund is the General Director of the Vietnam Disaster Management Authority;
- d) 04 members of the Council are the Directors of the Departments: Finance, Planning, Legal and 01 Deputy Director of the Vietnam Disaster Management Authority.
Article 9 . Duties and powers of the Council
- To abide by the Council's resolutions.
- To promulgate according to its competence documents regulating the professional activities of the Fund in accordance with the provisions of law.
- Approving long-term, medium-term and annual strategies and plans and specific regulations for the Fund's operations.
- Approve the policy of mobilizing, receiving, managing and effectively using the Fund's financial resources in accordance with law.
- Direct the Fund Management Authority to receive regulation from the Provincial Fund according to the Decision of the Prime Minister and the decision on regulation from the Fund to the Provincial Fund.
- Approving the operational support plan; decide to suspend financial support or withdraw funds already supported for tasks when there are grounds to prove that support activities are contrary to the provisions of this Regulation or show signs of other law violations.
- Approve the plan to receive support of foreign organizations and individuals and international organizations within the Fund's functions and tasks.
- Approving the Fund's communication plan; financial mechanism, salary policy, management of public assets in the model of a one-member limited liability company in which 100% of charter capital is held by the State.
- Organize the annual preliminary and final review; report to the Government or Prime Minister on the operation results of the Fund annually or irregularly as required.
10 . Perform a number of other tasks under the direction of the Government, the Prime Minister.
Article 10. Duties and powers of the Chairman of the Council
- To abide by the Council's resolutions.
- Direct and manage the Council's activities to perform the Council's tasks and powers in accordance with this Regulation and the Council's resolutions and decisions.
- Sign and issue documents under the authority of the Council and the Chairman of the Council; resolutions, decisions and other relevant documents of the Council .
- Assign specific tasks to the Vice Chairman of the Council and members of the Council.
- Approving, appointing, re-appointing and dismissing Vice Chairman and Council members at the proposal of the Fund Management Authority. To appoint, re-appoint and dismiss the Head of the Supervisory Board and the Fund's Director at the proposal of the Board. To appoint, re-appoint and dismiss the Fund's Deputy Directors at the proposal of the Fund's Director.
- To decide or authorize the Fund's Director to decide on the appointment, re-appointment or dismissal of the Chief Accountant of the Fund management authority; approve the functions, tasks, powers and organizational structure of the specialized and professional units and sections of the Fund management authority.
- Directing and supervising the implementation of the Council's resolutions and decisions and the Fund's operations.
- Direct the development of working programs and operational plans of the Council; annul the decision of the Director which is contrary to the resolution or decision of the Council.
- Convene and chair meetings of the Council.
- Approve documents and agreements on support, sponsorship, voluntary contributions and entrustment of organizations and individuals according to regulations.
- To decide on the level of financial support from the Fund for the Fund's spending tasks specified in this Regulation on financial management.
- Authorize the Standing Vice Chairman of the Council and the Fund's Director to perform a number of tasks under the authority of the Chairman of the Council when necessary; is responsible to the Government, the Prime Minister , to the Council and to the law for the Fund's operations.
Article 11. Duties and powers of the Standing Vice President of the Council
- To abide by the Council's resolutions.
- On behalf of the Chairman of the Council to direct and organize the performance of tasks under the authority of the Chairman of the Council when authorized .
- To organize the performance of tasks of the Fund Management Council, to monitor, control and supervise the implementation of the Council's resolutions and decisions .
- Direct the Supervisory Board to organize the control, supervision and evaluation of the results of the implementation of the objectives, plans and operational results of the Fund; management results of the Fund's Director; propose to the Chairman of the Council to annul the decision of the Director of the Fund which is contrary to the resolution or decision of the Council.
- 5. Decide on the selection, financial support, suspension of financial support or recovery of funds already supported for tasks and projects as prescribed in this Regulation.
- Direct the implementation of documents and agreements on support, sponsorship, voluntary contributions and entrustment of organizations and individuals according to regulations.
- On behalf of the Chairman of the Council to approve the tasks submitted by the Fund management authority and other related issues.
- To decide on the level of financial support from the Fund for the Fund's spending tasks specified in financial management in this Regulation.
- Direct the formulation of plans to develop the Fund's capital sources from support, sponsorship, voluntary contributions and entrustment of domestic and foreign organizations and individuals.
10 . Perform other tasks assigned by the Chairman of the Council; is responsible to the Government, the Prime Minister , the Deputy Prime Minister , the Minister of Agriculture and Rural Development, the Chairman of the Council and the law for their assigned tasks.
Article 12. Duties and powers of the Vice Chairman of the Council cum the Director of the Fund
- To abide by the Council's resolutions.
- Proposing to the Chairman of the Council the appointment, re-appointment, dismissal, commendation and discipline of the Deputy Directors and Chief Accountant.
- Directing the implementation of programs, resolutions and plans of the Council.
- 4. Directing the formulation of the Fund's strategic development plan for the period of 2022 - 2025 and the period of 2026-2030.
- 5. Advise and submit to the Council for promulgation thematic resolutions on the development of financial resources; implementing support and financing activities for natural disaster prevention and control.
- 6. Organize the effective implementation of tasks, resolutions and decisions of the Council.
7 . On behalf of the Council, sign to receive support, funding, contributions and entrustment of domestic and foreign organizations and individuals at the request of organizations and individuals that have supported, sponsored, contributed, commission.
- 8. Direct the development of the Fund's annual operation plan on the basis of priority orientations to support disaster prevention and control activities that the state budget has not yet invested in or has not met the requirements.
- 9. Directing the preparation of annual financial statements.
1 0 . Manage the organization of the assisting apparatus of the Fund in accordance with the provisions of this Regulation.
- 11. Directing the development of plans for management and use of specialized equipment and other supported and funded assets.
1 2 . To decide on the level of financial support from the Fund for the Fund's spending tasks specified in financial management in this Regulation.
1 3 . Perform other duties assigned by the Chairman of the Board.
Article 13. Duties and powers of Council members
- To abide by the Council's resolutions.
- Attend meetings, discuss, make recommendations, give opinions and vote on issues under the Council's competence; implement and organize the implementation of resolutions and decisions of the Council and specific tasks assigned or authorized by the Chairman of the Council.
- Examine and consider the annual financial statements, participate in the formulation of minutes, give opinions when the Council asks for opinions on the issuance of resolutions and other documents.
- Have the right to request the Fund Management Authority to provide information and documents on the financial situation and operation of the Fund in accordance with regulations on information and reporting regimes or resolutions of the Council.
- Explain and be accoutable to the Chairman of the Council and with the law for the tasks assigned to handle and settle.
- Perform other duties and powers assigned or authorized by the Chairman of the Council.
Article 14 . Working mechanism of the Fund Management Council
- The Council works according to the collective system, voting by majority; meeting regularly at least twice a year to consider and decide on matters under its competence; Extraordinary meetings to deal with urgent issues at the request of the Chairman of the Council, the Fund's Director or at the request of at least 2/3 of the members of the Council.
- Notice of invitation to the meeting of the Council may be sent by invitation, phone, fax, electronic means or other methods and sent directly to each member of the Council and the person invited to attend the meeting. The content of the notice of meeting invitation must clearly specify the time, place and agenda of the meeting. Online meeting form can be applied when needed.
- Contents and documents of Council meetings must be sent to Council members and invited delegates (if any) at least 03 working days before the meeting date. Meetings of the Council must be attended by at least 2/3 of the members of the Council and chaired by the Chairman or the person authorized by the Chairman (in his absence). In the event that a plenary meeting cannot be held, the Council may collect written opinions of the members.
- The Council decides on issues by majority rule. Resolutions and decisions of the Council shall take effect only when at least 50% of the total number of Council members present at the meeting vote for approval. In case the number of votes for yes and number of disagree votes are equal, the final decision shall be within the competence of the Chairman of the Council. Council members have the right to reserve their opinions, but must abide by the passed resolutions and decisions .
- The contents and conclusions of the Council meetings must be clearly recorded in the meeting minutes notebook and agreed upon by all members attending the meeting. The meeting's conclusion is expressed in resolutions, decisions or minutes and must be sent to all members of the Council.
- The Council's resolutions and decisions take effect from the time of their adoption and are binding on the Fund's operations; The Fund Director is responsible for organizing and implementing.
- The Council's operating expenses, salaries, allowances and remuneration shall comply with regulations on financial management in this Regulation.
Section 2.
SUPERVISORY BOARD
Article 15. Organization and operation of the Supervisory Board
1 . The Supervisory Board assists the Council in inspecting and supervising all activities of the Fund.
- The Supervisory Board is established by the decision of the Chairman of the Board .
- The Fund Supervisory Board has 05 members, including: The Head of the Supervisory Board is appointed or approved by the Chairman of the Council at the proposal of the Council.
- The Head of the Supervisory Board is a leader of the Ministry Inspector.
- The members are civil servants of agencies and units under the Ministry of Agriculture and Rural Development, including: Finance Department, Legal Department, Vietnam Disaster Management Authority (Legal, Inspector Department and Department of Planning and Finance).
- The Supervisory Board works on a part-time mode; be accoutable to the Chairman of the Council and with the law within the scope, tasks and powers assigned.
Article 16. Duties and powers of the Supervisory Board
- Develop programs and work plans of the Supervisory Board, submit them to the Council for approval and organize the implementation.
- Inspect and supervise the observance of guidelines, policies and provisions of law, decisions and resolutions of the Council in the organization and implementation of plans and tasks, in the management and administration of the Fund’s activities.
- Inspect and supervise the observance of the provisions of law on the financial, accounting and auditing work of the Fund; appraise the Fund's annual financial statements as prescribed.
- Report to the Council on results of controlling financial activities of the Fund quarterly, annually and on a case-by-case.
- The Head of the Supervisory Board or another member of the Supervisory Board (authorized by the Head of the Supervisory Board) may attend and give opinions at the meetings of the Board but do not have the right to vote.
- Promptly detect and immediately report to the Chairman of the Council any unusual activities, signs of law violation, or violations in the financial management of the Fund management authority.
- Control results must not be disclosed without prior approval from the Board.
- The Head of the Supervisory Board shall be responsible to the Chairman of the Board and the law for acts of covering up or ignoring the detected violations; cause damage to the Fund by disclosing control results without the approval of the Board.
- Perform other duties as assigned by the Chairman of the Council.
Article 17. Duties and powers of the Head of the Supervisory Board
The Head of the Supervisory Board is the person who directly directs and run all activities of the Supervisory Board, is responsible to the Council for its decisions, is ultimately responsible for all activities of the Supervisory Board, specifically. :
- To organize the formulation of work programs and plans and organize the implementation of the programs and work plans of the Control Board. Assign specific tasks to members to perform tasks of the Supervisory Board according to regulations.
- Supervising and directing the members of the Supervisory Board in the performance of their assigned tasks and duties and powers of the Control Board.
- To convene and chair meetings of the Supervisory Board. In case the meeting is not possible, the Head of the Supervisory Board may collect opinions of the members in writing.
- To submit to the Chairman of the Council to decide on members to join the Supervisory Board and propose commendation and discipline to the members of the Supervisory Board in accordance with the law.
- Request the Chairman of the Council to convene an extraordinary meeting of the Council to report on the control results when detecting signs of serious violations.
- Detecting and reporting to the Chairman of the Council, the Director of the Fund on the weaknesses in internal control, compliance with the provisions of the law to take timely corrective measures.
- Report to the Chairman of the Council for consideration and decision on the cessation of activities and projects when detecting signs of violations of the law and this Regulation by agencies and units. To propose to the Chairman of the Council to reject the decision of the Director which is contrary to the resolution or decision of the Central Fund Management Council.
- Sign documents related to the operation of the Supervisory Board.
- Perform other tasks assigned by the Chairman of the Council.
Article 18. Duties and powers of members of the Supervisory Board
- To perform specific tasks under the direction and direct assignment of the Head of the Control Board within the duties and powers of the Supervisory Board specified in this Regulation and the provisions of law.
- Take responsibility for the results of control over the work or activities performed by them. Take responsibility before the Head of the Supervisory Board and the law for intentionally ignoring or covering up violations of the law and this Regulation.
- If a case is found showing signs of violation of the law and this Regulation, it must directly meet the person in charge of such work to propose solutions and report to the Head of the Supervisory Board for timely direction.
- Not to disclose information and results of inspection and control without the approval of the Head of the Supervisory Board and the Board.
- Take responsibility for the opinions at the meeting to discuss in order to agree on the contents related to the inspection and control work that require a collective decision.
Article 19. Working mechanism of the Supervisory Board
- The Supervisory Board operates under the mode of part-time, individual responsibility of its members in combination with the collective working regime.
- The Supervisory Board works independently, according to the Fund's quarterly and annual work programs and plans approved by the Council and in accordance with law.
- For things that need unexpected control, the Head of the Supervisory Board shall report to the Chairman of the Council for approval of the control plan before conducting the control.
- For the control of complex and large-scale cases, the Head of the Supervisory Board proposes the Chairman of the Council to sign a contract with an appropriate organization or expert to perform a number of specific consultations in a certain period of time.
- In the process of controlling matters that need to be worked with organizations and individuals outside the Fund system, the Head of the Supervisory Board shall report to the Chairman of the Council for decision.
- Operational expenses of the Supervisory Board, salaries, allowances and remuneration shall comply with regulations on financial management in this Regulation.
Section 3.
FUND MANAGEMENT AUTHORITY
Article 20. Position and functions of the Fund management authority
The Fund management authority shall be established by the decision of the Chairman of the Council; has the function of advising and assisting the Chairman of the Council in organizing the implementation and implementation of the Fund's tasks and powers in accordance with Decree No. 78/2021/ND-CP, this Regulation and regulations of relevant law.
Article 21. Organization of the Fund Management Authority
- Organization of the Fund management authority includes: Director; 02 Deputy Directors; Chief Accountant and 02 specialized and professional departments: Fund Office and Operations and General Department.
- The Fund management authority is concurrently held by Vietnam Disaster Management Authority under the Ministry of Agriculture and Rural Development; to be contracted to add some employees to perform tasks of the Fund according to the approved employment position scheme.
Article 22. Duties and powers of the Fund's Director
- The Fund's director is concurrently held by the General Director of the Vietnam Disaster Management Authority.
- The Fund's Director is the legal representative of the Fund and is responsible to the Council, the Chairman of the Council and the law for the Fund's operations within the scope of assigned tasks and powers.
- The Fund Director has the following duties and powers:
- a) Organize and implement the decisions of the Chairman of the Council, the Vice-Chairmen of the Council (decentralized/authorized by the Chairman), the Council's resolutions and guiding documents on professional and professions subjects of superior financial agencies;
- b) Submit to the Council the long-term, medium-term and annual work plans; financial plan and implementation organization after it has been approved;
- c) Performing transaction tasks with domestic and foreign organizations and individuals; proceedings, disputes and other issues within the scope of activities of the Fund and in accordance with law;
- d) To organize the operation of the Fund, to decide on issues related to the operation of the Fund management authority; implement the regime of periodical or irregular reporting on all aspects of the Fund's activities to the Council, Supervisory Board and competent State agencies in accordance with law;
- dd) Organize the work of mobilizing support, funding, voluntary contributions and entrustment of domestic and foreign organizations and individuals;
- e) Decide on the level of financial support from the Fund for the Fund's spending tasks specified in financial management in this Regulation.
- g) Signing documents and agreements on support, sponsorship, voluntary contributions and entrustment of organizations and individuals as prescribed after being authorized by the Chairman of the Council;
- h) To submit to the Council for establishment, reorganization and dissolution of the specialized and professional units of the Fund; to appoint, re-appoint, relieve from duty, reward and discipline the Fund's deputy directors;
- i) Decide to approve the functions, tasks, powers and organizational structure of the specialized and professional units (divisions) of the Fund and appoint the Chief Accountant as authorized by the Chairman of the Council;
- k) The Fund management authority's decision approving the employment position scheme. To mobilize, arrange and assign tasks to civil servants and public employees of the General Department of Vietnam Disaster Management Authority and sign additional labor contracts to perform the tasks of the Fund management authority according to the approved employment position scheme;
- l) To decide on financial support from the Fund for the Fund's spending tasks specified in this Regulation on financial management;
- m) Managing civil servants, public employees (part-time), contract workers performing the Fund's tasks; implement policies, wages, emulation, reward and discipline for employees; manage finance, assets and other resources assigned in accordance with law;
- n) Sign labor contracts, hire professional contracts, offices, vehicles... and decide on investment and purchase of equipment to serve the Fund's operations;
- o) Perform the task of certifying grants, support and voluntary contributions to the Central Fund of organizations and individuals upon request.
- p) Perform other tasks assigned by the Chairman of the Council.
Article 23. Duties and powers of the Fund's Deputy Directors
- The Deputy Directors of the Fund are decided by the Chairman of the Board to appoint or assign tasks or dismiss them at the proposal of the Fund's Director.
- The Fund's Deputy Director assists the Fund's Director in managing and administering a number of tasks as assigned by the Fund's Director; be accoutable to the Chairman of the Council, the Director of the Fund and the law for the assigned tasks.
Article 24. Duties and powers of Chief Accountant
- The chief accountant of the Fund management authority shall be concurrently employed by public servants or accountants of the General Department of Vietnam Disaster Management Authority or under contract in accordance with the Law on Accounting; appointed, re-appointed or dismissed by the Fund's Director.
- The chief accountant must fully satisfy the criteria and conditions prescribed in Article 54 of the 2015 Law on Accounting; Article 21, Decree 174/2016/ND-CP of the Government and Article 3, Circular No. 04/2018/TT-BNV of the Ministry of Home Affairs.
- Duties and powers of Chief Accountant:
- a) Comply with the provisions of the law on accounting and finance of the Fund;
- b) Organize and administer the Fund's accounting apparatus in accordance with the Law on Accounting and other provisions of law;
- c) Prepare financial statements in compliance with the accounting regime and accounting standards.
Article 25. Professional and specialized units
- Units, specialties and operations shall be established under the decision of the President of the Council at the proposal of the Fund's Director.
- The Fund's director shall prescribe the functions and tasks of the units, expertise and operations.
- Units, specialties and operations include:
- a) Fund Office;
- b) Department of Operations, General Affairs.
4 . Professional and specialized units have the function of advising and assisting the Fund's Director in the organization, management and operation of the Central Fund's activities in accordance with law. The Fund Office has a Chief of Office and Deputy Chiefs of Office; The Department of Operations and General Affairs has its Head and Deputy Heads appointed and dismissed by the Fund's Director.
- The functions, tasks, powers and organizational structure of the professional and specialized units shall be approved by the Fund's Director.
Article 26 . Employees in the Fund management authority
- Employees working in the Fund management authority are part-time employees and employees of the General Department of Natural Disaster Prevention and Control and contract workers to perform a number of jobs according to the approved employment position scheme.
- Civil servants and public employees who are assigned part-time tasks or are seconded to work at the Fund have the responsibility to fully perform the rights and obligations specified in the Law on Public Officials and the Law on Public Employees; Labor Code; the content of regulations, provisions of this Regulation and provisions of law.
- Contract employees working in the Fund management authority shall have to work in accordance with the provisions of the Civil Code; regulations as agreed in the signed contract and enjoy the salary, allowance, bonus and other regimes and policies as prescribed in this Regulation.
Chapter III
FINANCIAL MANAGEMENT, ACCOUNTING, AUDIT
Article 27. Financial management principles
- 1. The Fund is financially autonomous, takes self-responsibility in the performance of assigned tasks, and fulfills obligations as prescribed by law.
- 2. The Fund implements the financial management mechanism and the accounting and statistical regime in accordance with current laws and regulations in this Regulation .
- 3. The Fund conducts financial disclosure in accordance with current laws, ensure transparency, thrift, efficiency, use for the right purposes and in accordance with the provisions of law.
- The Fund may use the Fund's idle capital to deposit at commercial banks for the purpose of preserving and developing capital for the Fund, but must ensure safety.
- 5. The Fund's previous year's balance is carried over to the following year for continued use.
- 6. The Fund is subject to the inspection and audit of the Fund 's financial activities by the state management agencies in charge of finance and the State Audit in accordance with law .
- 7. The contents of financial management not yet regulated in this Regulation shall comply with the decisions of the Council and the Council shall consider and add to the Regulations.
Article 28. Financial sources of the Fund
- Support, sponsorship, voluntary contributions, entrustment of domestic and foreign organizations and individuals. Contributions, sponsorships and support to the Fund by organizations and businesses are included in deductible expenses when determining taxable income.
- Received from the Provincial Fund according to the Prime Minister's decision.
- Earn interest from deposit accounts.
- Other legal sources (if any).
Article 29. Preparation of annual operational and financial plans
- Every year at the time of making the estimate, based on the performance of the previous year's tasks, plans, tasks and operational purposes of the Fund in the plan year, the Fund's director shall make an operation plan, The Fund's financial plan includes the following contents:
a ) Estimated balance of funding sources of the Fund, proposed plan to mobilize from other sources .
b ) The plan for the implementation of the Fund's tasks .
c ) Expenditure plan of the Fund management apparatus.
- The Council approves the annual operation plan and financial plan of the Fund submitted by the Fund Management Authority.
Article 30. Receipt of support, funding, contributions and entrustment from domestic and foreign organizations and individuals
- Funds, supports and contributions of domestic and foreign organizations and individuals to the Fund in cash shall be transferred to the Fund's account at the State Treasury or commercial banks lawfully operating in Vietnam.
- Donations, supports and contributions of domestic and foreign organizations and individuals to the Fund in other material forms, the Fund shall receive for management, monitoring and accounting into the Fund's revenue.
- Grants, support and contributions from domestic and foreign organizations and individuals to the Fund, the Fund management authority shall receive, manage, distribute and use according to the decision of the Council or regulations of the sponsor.
- In case an organization or individual wishes to certify the sponsorship, support or contribution to the Fund, the Fund management authority shall be responsible for certifying such grants, support and volunteer contributions in money, other material forms.
Article 31. Fund expenditure contents
- The Fund's expenditures must satisfy the Fund's tasks and contents specified in Article 5 of this Regulation. For expenditures which are not specified in this Regulation or are beyond the authority of the Fund's Director, the Fund's Director shall report to the Chairman of the Council for decision and consideration for addition to this Regulation.
- Expenses for management and operation of the Fund.
- a) The total cost of management and operation of the Fund in a year does not exceed 1% of the total revenue of the Fund in that year and is determined as follows: Periodically on June 30 and December 31 every year The Director of the Fund shall submit to the Chairman of the Council for decision to deduct 1% of the total funds generated at the time to assign to the Fund Management Authority to manage and use the management and operating expenses of the Fund management authority.
- b) Expenses for management and operation of the Fund include:
- Spending overtime; management responsibility allowance; pay wages and salary deductions for contract workers performing a number of jobs in service of the Fund's operations.
- Expenses for repairation and maintenance of property; expenses for renting and purchasing tools, working tools, assets, equipment, supplies and stationery to serve the Fund's operations.
- Expenses for outsoursing services: Fuel, electricity, water, telephone, post and telecommunications, internet; audit ; legal service; pay for the use of technical documents, patents , technical services.
- Expenses for travel expenses for staff of the Fund management authority and related people when on business trips to perform the Fund's tasks.
- Expenses for conferences, seminars and trainings; Expenses for meetings of the Council and other meetings related to the Fund's operations.
- Other management and operating expenses .
Article 32. General provisions on expenditure levels
- Based on actual needs, financial capacity of the Fund and mechanisms and policies of donors, the Fund's Director shall decide the expenditure level of tasks and expenditure contents to ensure efficiency, thrift and be accountable to the Chairman of the Council and the Council.
- The regulations on expenditure levels in this Regulation shall be applied temporarily until the Ministry of Finance issues a Circular guiding the financial management of the Fund.
- When the Ministry of Finance issues a Circular guiding the financial management of the Fund, the Fund management authority is responsible for submitting to the Chairman of the Council to adjust the expenditure level accordingly.
Article 33. Expenditure levels for relief and support activities
- Expenses for relief and support for people's livelihood:
For emergency relief on food, drinking water, medicine and other urgent needs for victims of natural disasters:
The maximum support level is 3.000.000 VND/household/natural disaster and can be converted into kind such as food, drinking water, medicine and other urgent needs.
- b) For unexpected support and allowances for victims, victims' families suffering from natural disasters and accident and damage victims while participating in natural disaster prevention and control: Maximum support level 18.000.000 VND/person.
- c) For expenses to support the repair of houses, medical facilities, schools and environmental sanitation in disaster areas:
- Poor households, near-poor households, households in difficult circumstances whose houses have collapsed, drifted or burned completely due to natural disasters but have no place to live, shall be considered for housing cost support at a price equivalent to 30% of the value of a local model house, but the support level is not more than 40.000.000 VND/household .
- Households that have to relocate their houses urgently under decisions of authorities due to the risk of landslides, floods, floods or natural disasters are considered to support 50% of the cost of house relocation, but the support level is not more than 30.000.000 VND/household .
- Poor households, near-poor households, and households in difficult circumstances whose houses are severely damaged by natural disasters but cannot live are considered to receive a subsidy of 50% of the cost of house repair, but the support level must not exceed 20.000.000 VND/household.
- Support for emergency projects on natural disaster prevention, control and recovery, basic investigation projects and inter-provincial, inter-regional and inter-sectoral disaster prevention and control activities: No limit on expenditure level for 1 support proposal, on the basis of the approved support proposal and within the Fund's capacity to balance funding source.
3.Support for disaster warning, monitoring, monitoring and communication: There is no limit on expenditure level for 1 support proposal, based on the approved support proposal and within the Fund's capacity to balance funding source.
- Support for research, application and transfer of science and technology in natural disaster prevention and control: The maximum expenditure level is 70% of the proposed support budget but not exceeding 5 billion VND/proposal.
- Support measures to ensure safety for people's houses and public works; support measures to protect production: Expenses for support based on local requirements and the Fund's capacity to balance funding source.
- Support for response activities (search and rescue, emergency migration) and disaster recovery for localities affected by natural disasters beyond their local capacity: Expenses for support on the basis of local proposals and the Fund's capacity to balance funding source.
- Support to pay, receive, manage aid, goods, transport costs, rent warehouses to store goods contributed, support and sponsor from organizations and individuals; environmental sanitation and other purchased services for the Fund's operations: Expenses according to actual arising, ensuring efficiency and savings.
- Support information, communication and propaganda activities to mobilize funding for the Fund, train and improve knowledge of disaster prevention and control for forces engaged in natural disaster prevention and control, commune-level disaster prevention and control task forces, organizations, households, and individuals; implementation of a project on public awareness raising and community-based disaster risk management; to support the organization of training, training, professional guidance and exchange and learn experiences on management skills among provincial funds: the Fund's director shall decide the expenditure level for each specific activity base on actual needs, according to market quotes at the time of implementation and the Fund's capacity to balance funding source.
- Support for drills in natural disaster situations: The Fund's director shall decide the expenditure level for each specific activity base on the actual needs, the Fund's capacity to balance funding source and be suitable to each region, area and implementation time.
Article 34. Expenses for management and operation of the Fund
The Director of the Central Fund approves expenditures for expenditures belonging to the expenses of management and operation of the Fund according to the actual use volume, with actual and valid invoices and receipts for actual expenditures with specific expenditure levels. as follows:
- Wages, salary allowances and salary deductions for contract workers
The Fund's director signs a labor contract for a number of jobs serving the Fund's operations, decides on the salary level and salary allowance (if any) on the basis of agreement with the employee and the provisions of the Labor Code. Act No. 45/2019/QH14 and the donor's mechanisms and policies.
- b) Salary deductions (social insurance, health insurance, trade union fees, unemployment insurance) Funds shall comply with current regulations.
- Responsibility allowance for the Fund's management and administration apparatus as follows:
- Chairman: ………………. VND/month.
- Standing Vice Chairman of the Council: …………. VND/month.
- Vice Chairman cum Fund Director: …………. VND/month
- Head of the Supervisory Board and members of the Board: …………. VND/month
- Member of the Supervisory Board: …………. VND/month.
- Deputy Director of the Fund: ……VND/month.
- Heads of professional departments: ……………… VND/month.
- Deputy of professional departments: ……………… VND/month.
- Chief accountant: ……………… VND/month (in case of civil servants, part-time public employees).
- Officers of specialized and professional units of the Fund (except staff who are contract workers): …………. VND/month.
- Overtime pay:
The Fund pays overtime according to the provisions of the Labor Code No. 45/2019/QH14 and the donor's mechanism and policy (if any).
- Payment for public services
- a) Electricity, water, sanitation and other services served at the Fund's head office: to be paid according to actual arising, ensuring thrift and efficiency.
- b) Fuel, toll fee: In case using the car of another unit, the Fund will pay petrol and toll fees according to regulations that unit is applying.
- Office Supplies:
- a) Cost of office supplies means expenses for purchasing stationery, office tools, printing and photocopy and other office supplies directly serving the Fund's operations, excluding expenses for stationery, photocopy and printing for conferences, seminars, training and workshops.
- b) Cost of office supplies shall be paid according to actual arising, ensuring savings and efficiency.
- Office rental of the Fund: Payment for office rentals according to actual needs, ensuring savings and efficiency. The office rental norm shall be decided by the Fund's Director based on the balance between the needs and the available funds of the Fund Management Agency.
- Telephone, internet and postal charges for general operation of the Fund: to be paid according to the actual arising, ensuring savings and efficiency.
- Expenses for business trips, conferences, seminars and training; meetings of the Fund Management Board and other meetings related to the Fund's operations.
Expenditure levels shall comply with regulations on working-trip allowances and conference regimes. In case of actual requirements, the Fund's Director decides the expenditure level according to the actual costs incurred higher than prescribed but must have legal and valid invoices and documents and ensure efficiency and savings
- a) Payment of travel:
- The travelling items (in case the transportation vehicle are not arranged) including:
+ Expenses for the way from home/agency to the airport/train station/bus station and back; Air tickets, train tickets to workplaces and vice versa.
+ Expenses for traveling in the locality: From the hotel to the workplace, from the airport/train station/bus station to the accommodation and the way back.
+ Fees and charges for traveling by inland vehicle, waterway, or sea transport for traveller and the traveller's vehicle.
+ Transportation fees for documents, equipment and tools (if any) directly serving the business trip that the business traveler has paid.
+ Baggage charges of people traveling on business by plane in case the fare does not include carry-on baggage charges.
- Depending on the actual situation of each business trip, the Fund's Director may decide who to travel by plane, train, rent a car or use a car of the General Department's Office, ensuring the principle of thrift and efficiency.
- b) Payment of accommodation:
- Level of accommodation allowance: …………. VND/day (in case of a whole trip within 1 day, accommodation allowance: …………. VND/day).
- c) Payment of room rental:
Business travelers are paid in the form of a lump sum or according to actual invoices.
(i) Payment in the form of a lump sum:
- For the leaders with a position allowance coefficient of 1.25 or higher, the lump sum level: .................VND/day/person, regardless the place of work;
- For the remaining travelers:
+ At the districts, cities under the central government and grade-I cities under the province, lump sum rate: .................VND/day/person.
+ At districts and towns under the central government, in remaining towns and cities of the province, contracted rate: .................VND/day /person.
+ At the remaining regions, contracted rate: .................VND/day/person.
(ii). Payment according to actual invoices: Business travelers are entitled to payment for accommodation according to actual invoices when there are legal invoices as prescribed by law. Room rental rates are as follows:
- For the leaders with a position allowance coefficient from 1.25 to 1.3: The regime of enjoying the bedroom rental rate: ………… VND/day according to the standard of one person/1 room, regardless of business destination;
- Field trip to the districts, cities of centrally-run and grade-I cities of the province:
+ For the leaders with a position allowance coefficient from 1.25 to 1.3: To be paid the maximum bedroom rental rate of ………….VND/day with standard of one person/1 room.
+ For Leaders of the General Department of Vietnam Disaster Management Authority, Department Leaders under Ministries/Sectors, Deputy Directors of Funds, Heads of Supervisory Board: To be paid the maximum bedroom rental rate of: …….. VND/day/person/room with the standard of one person/1 room.
+ For the remaining subjects: To be paid the maximum bedroom rental rate of …………VND/day/person/room with the standard of 2 people/room .
- Working in the remaining regions:
+ For the leaders with a position allowance coefficient from 1.25 to 1.3: To be paid a bedroom rental rate of …………VND /day according to the standard of one person/1 room.
+ For Leaders of the General Department of Vietnam Disaster Management Authority, Leaders of Departments of Ministries, Deputy Directors of Funds, Head of Supervisory Board: The maximum bedroom rental rate is: .... ....VND/day according to the standard of one person/1 room.
+ For the remaining subjects: To be paid the bedroom rental rate of …………VND/day according to the standard of 2 people/room.
- In case a business traveler who are under the standard of 2 people/room, on a business trip alone or in a business group with odd or odd people of the opposite sex, accompanied with a leader who under the standard with 1 person/ room is paid for the room rental according to the norm of 2 people/room.
- The payment for the room rental includes taxes and fees as prescribed by law.
- d) Expenses for conferences, seminars and training:
- For meeting room, projector, equipment, decoration, banner, purchase and printing of documents: According to actual arising, based on the signed contract to ensure savings, effective.
- For stationery: According to actual arising, the maximum expenditure is not more than ……. VND/person.
- Payment for lecturers: The Director of the Fund decides the account based on the agreement between two sides.
- Payment for reporters at the conference: ……………..VND/report.
- Travelling, accommodation allowances, room rentals for lecturers and reporters shall be paid according to the norms specified in this Regulation.
- Tea break: ……………..VND/1 session (half a day)/person
- Meals for participant attending conferences, seminars and training:
In case of money support, the rate is as follows:
+ The meeting is held at the center of Governmental city: ……… VND/day/person;
+ The meeting is held at the center of the provincial city/district/town: ………… VND/day/person;
+ The meeting is held by communes, wards or townships (regardless of the venue): ………… VND/day/person;
In case of organizing meal, the meal expenses are as follows:
+ The meeting is held at the center of Governmental city: ………… VND/day/person;
+ The meeting is held at the center of the provincial city/district/town: ………… VND/day/person;
+ The meeting is held by communes, wards or townships (regardless of the venue): ………… VND/day/person;
- For accommodation allowance, room rental and transportation expenses for participant of central ministries/sectors, members of the Council and Supervisors Board: payment according to working regime regulations fees in this Regulation.
- Expenses for renting vehicles for participant from the accommodation to the conference venue or from the airport, train station, bus station to the conference venue and the site: Expenses according to actual arising based on the contracts with service providers, ensuring savings and efficiency.
- d) Board meeting expenses:
- Meeting room rental (in case the Fund cannot arrange meeting room): according to the actual arising, ensuring savings and efficiency.
- Stationery: Payment according to actual arising, maximum expenditure…………….. VND/delegate.
- Photocopy and printing document: Payment according to actual arising, ensuring savings and efficiency.
- Payment for tea break: …………. VND/1 session (half day)/person.
- Expenses for compensation for members of the Directors Board, Supervisory Board, and invited delegates: ............VND/person/meeting.
- e) Other meeting expenses:
For meetings at the Fund's headquarters, organized by the Fund and working with central ministries, agencies, and external agencies, the meeting expenses are as follows:
- Photocopy and printing documents: Payment according to actual arising, ensuring savings and efficiency.
- Tea break: ………….VND/1 session (half day)/person.
- Attendance of participant: ………….VND/person/meeting or for meal with norms: ………………VND/person.
- Per diem:
For staff of the Fund Management Agency who have to frequently travel and transact, the Fund makes monthly payment of per diem in order to support the staff's fuel and car expenses at the rate of: ...... ....... VND/person/month.
- Expenses for repair, maintenance in service of the Fund's operations:
Annually, the Fund actively balances revenue sources and, based on the condition of its assets in service of the Central Fund's operations to repair and maintain assets; Expenditure according to actual arising and market price to ensure efficiency and savings.
- Expenses for property purchases:
The Central Fund is entitled to purchase and invest in fixed assets to directly serve the Fund's operations. The Fund's director approves the expenditure on asset procurement according to actual arising and market price to ensure efficiency and thrift.
- Other expenses:
- Expenses for payment services via bank accounts: Payments will be made according to the actual arising, based on the legal documents provided by the Bank.
- Other expenses: For other expenses in service of the direction, administration and management of the Fund, the Director of the Fund shall decide the amount of expenditure for each specific case; payment according to actual lawful invoices and payment vouchers.
Article 35. Competence and limits for the Fund spending
Based on the relief needs and the Fund's capacity, the authority and limits for the Fund's spending are prescribed as follows:
- Council:
Expenditure value of …………..billion dong or more for a locality or a proposal.
- The Council Chairman:
Expenditure value less than …………. billion VND for 1 locality or 1 proposal.
- Standing Vice Chairman of the Council:
Expenditure valued less than ………….. billion VND for 1 locality or 1 proposal.
- Vice Chairman of the Council in cum Director of the Fund:
- Expenditure value less than …………. billion VND for 1 locality or 1 proposal.
- Expenses for the Fund's management and operation in principle do not exceed 1% of the total revenue of the Fund in the year.
- Following the direction of the Party and State leaders but do not exceed ………… billion VND for 1 locality.
Article 36. Order and procedures for expenditure
- The order and procedures for Fund's expenditure is allocated or applied the form of appointment of a contractor as prescribed at Point a, Clause 1, Article 22 of the Bidding Law for contractor selection and application of emergency projects to prevent, combat and overcome consequences of natural disaster are specified in Article 13 of Decree 66/2021/ND-CP.
- Provincial People's Committee shall base on the local resource mobilization to spend in responding and overcoming consequences of natural disasters; in which specific financial sources have been spent for implementation from local budget reserves, provincial funds, financial reserve funds and other lawful sources, in case they are not able to meet relief needs, to support the activities of responding to and overcoming consequences of natural disasters mentioned above, a dossier shall be enclosed with a report to be sent to the Fund for support.
- A dossier of request for support includes:
- a) The summary results of the damage of the localities together with the damage assessment and certification of the provincial commanding committees for natural disaster prevention and control and search and rescue.
- b) Report on the ability to self-balance resources of the locality and the provincial Fund.
The Provincial People's Committee is responsible for the accuracy and truthfulness of submitted dossiers.
- Fund management agency shall base on the application dossiers of localities and the Fund's financial situation to propose partial or full funding support for localities.
- Based on the decision on funding support for localities and regulatory documents, the Fund Management Agency shall transfer funds to the provincial Fund for implementation according to regulations.
- The supported funds from the Fund for localities shall be accounted as revenue of the Provincial Fund. The provincial Funds are responsible for managing and using the supported funds for the right purposes, efficiently, economically and according to the regulations on emergency projects; make the payment according to the provisions of Article 18, Decree No. 78/2021/ND-CP and relevant current regulations.
- The Fund's Director is responsible for promulgating the Fund expenditure process to ensure strict compliance with reality as a basis for implementation.
Article 37. Management and use of the Fund's assets
- The management and use of the Fund's assets must ensure proper purposes and efficiency.
- The management and use of assets must be done openly and transparently.
- Assets purchased from the Fund's funding are fully accounted for, monitored and periodically maintained.
Article 38. Accounting regime
- The Fund implements the accounting regime (about accounting vouchers, accounting accounts, accounting books and financial statements) under the guidance of the Ministry of Finance.
- The Fund organizes accounting and statistical work in accordance with current law; make and record initial vouchers, update accounting books, ensure full, timely, truthful, accurate and objective reflection of economic and financial activities.
- The Fund's fiscal year begins on January 1st and ends on December 31st of each year.
Article 39. Regime of information, reporting and archiving of accounting records and vouchers
- The Fund prepares and sends annual financial statements and statistical reports to state management agencies and makes financial publicity in accordance with current law.
- In unexpected cases, the Fund has the responsibility and obligation to provide information and report to the competent state management agency upon request.
- Fund management agencies are responsible for keeping accounting records and vouchers in accordance with current regulations.
Article 40. Auditing and disclosing financial statements
- The Fund's annual financial statements must be audited by an independent auditing organization or the State Audit in accordance with current law.
- The Fund's financial statements are publicly announced on the website and at the head office of the Fund Management Agency.
Chapter IV
THE RELATIONSHIP BETWEEN THE CENTRAL DISASTER MANAGEMENT FUND AND THE PROVINCIAL FUND
Article 41. Responsibilities of the Central Disaster Management Fund towards the Provincial Fund
- Regulating funding sources for the Provincial Fund;
- To guide, inspect and supervise the management and use of funds regulated by the Central Fund for the Provincial Fund.
Article 42. Regulatory process from Provincial Fund to Central Fund
Based on the natural disaster situation, relief and support needs of localities and the situation of the provincial fund's balance up to the time of regulation, the Chairman of Council proposes the Prime Minister to consider and regulate from the provincial Fund to the Central Fund in order to proactively and promptly provide relief and support to emergency and serious situations occurring in the localities.
Article 43. Regulatory process from Central Fund to Provincial Fund
- Process of support:
- a) Provincial People's Committees (or Commanding Committees for Disaster Prevention and Control, Search and Rescue) of provinces, based on the situation of mobilizing local resources to spend on response and recovery; in which specific financial sources have been spent for implementation: local budget reserve, provincial fund, financial reserve fund and other lawful resources, in case of inability to meet relief needs/support activities to respond to and overcome consequences of natural disasters mentioned above, shall compile a dossier, enclosed with a report, and send it to the Central Disaster Management Fund for support. The People's Committees of the provinces and cities must take full responsibility for the contents and data in the proposal file with the Fund Management Authority.
- b) The Fund Management Authority, based on the application dossiers of localities and the Fund's financial situation, advises and proposes to the Council Chairman to consider and decide to support part or the whole of the local reponse and recovery actitivies.
- Application for support
- a) The summary of the damage assessment of the localities together with the report of damage assessment and certification of the Provincial Standing Office of the Commanding Committee for Natural Disaster Prevention and Control and Search and Rescue.
- b) Report on the resources ability self-balance of the locality and the Provincial Disaster Management Fund.
- Allocation of support funds: Based on the decision of the Council Chairman on financial support to the response and recovery activities of the localities and the documents and procedures specified in this Regulation, The Fund Management Agency shall allocate funds to the Provincial Standing Office for Natural Disaster Prevention and Control, Search and Rescue to implement according to regulations.
- Competence to settle regulatory funding: The provincial standing agency for natural disaster prevention and control is responsible for reviewing and approving the settlement; Settlement of regulatory sources from the Central Fund for completed projects for the rehabilitation of the house, medical facilities, schools, dikes, emergency recovery projects. The Central Fund Office appraises the final settlement of the regulation fund from the Central Fund.
Chapter V
ORGANIZATION OF IMPLEMENTATION
Article 45. Effect of implementation:
- This Regulation takes effect from the date of signing for promulgation.
- The Fund's regulations and professional processes must comply with the principles and contents of this Regulation.
Article 46. Responsibilities for implementation
- The Board, Supervisory Board, Fund Management Agency and relevant organizations and individuals are responsible for complying with the provisions of this Regulation in performing their duties.
- In cases where the provisions of law relating to the Fund's operations are not yet provided for in this Regulation or in case there are new provisions of law different from those in these Regulations, the new provisions of law shall apply.
- In the course of implementation, if there are any problems, promptly report them to the Council for consideration and settlement properly.
In charge the Council
Chairman
(Signature, full name and seal)
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