Vung Ang Economic Zone applies specific mechanism
The Vietnam Prime Minister has allowed the application of specific mechanisms for mobilizing, managing and using capital to build infrastructure in Vung Ang economic zone (Ha Tinh, Vietnam).
Accordingly, in addition to the provisions of Decision 72/2006/QD-TTg on March 4, 2006 by the Prime Minister on the establishment and promulgation of Regulation activities in Vung Ang Economic Zone, big, important projects are allocated capital for the development from the state budget for investment in infrastructure and technology, compensation and resettlement.
The Ministry of Planning and Investment based on the actual situation and the ability to balance the budget, submit to the Prime Minister the allocation of targeted supporting capital from the central budget to implement.
For investment projects to build large-scale infrastructure in the Vung Ang Economic Zone, the Prime Minister assigned the Ministry of Planning – Investment will coordinate with the Ministry of Finance report to the Government the The Standing Committee of Parliament for investment from government bonds.
Economic zone is also allocated ODA to investment important projects in infrastructure in Vung Ang Economic Zone with the responsibility of the local budget. Central budget to support 100% reciprocal ODA projects by local management.
It is released, authorized issuance of bonds local government, loans from financial measures as prescribed by law for investment in key projects in Vung Ang Economic Zone in the task of budget local. Ministry of Finance guiding the implementation of Ha Tinh People’s Committee in accordance with current legislation.
The key projects under the duties of the local budgets through the form of investment loans from foreign loans by the Government. Mechanisms regulating the budget revenue and export processing of imported food in accordance with current law.
Management Board of Vung Ang Economic Zone is applied mechanisms of collection, remittance and management of maintenance costs, reconstruction of infrastructure such as the regime applicable to the Management Board of industrial zones, export processing zones in Ho Chi Minh City, Vietnam.
Officers, servants officers working at the Management Board of Vung Ang Economic Zone is applied allowances to attract a 50% salary grade, rank, position in 03 years time.
