The Government established the National Data Development Fund to promote the development, exploitation, application, and management of national data. This is a non-budgetary state financial fund, operating not for profit and assigned to the Ministry of Public Security for management.
That is the content of Decree No. 160/2025/ND-CP dated June 29, 2025 regulating the National Data Development Fund.
Decree No. 160/2025/ND-CP clearly states: The National Data Development Fund is a non-budgetary state financial fund, operating not for profit and managed by the Ministry of Public Security. The Fund has legal status, an operating budget, its own financial statements, a seal, and is allowed to open accounts at the State Treasury and commercial banks legally operating in Vietnam in accordance with the law.
The Fund's operational objectives are to support activities to develop and apply artificial intelligence, big data, machine learning, cloud computing, blockchain, Internet of Things and other technologies in data processing to serve state management, national interests, public interests, socio-economic development; promote the application of data to serve national digital transformation; digital transformation in rural, mountainous areas, areas with difficult or especially difficult socio-economic conditions; scientific, technological and innovative activities on data; develop a network of experts, scientists, scientific and technological organizations, and data associations at home and abroad; Investing in businesses and individuals researching solutions to enhance data protection, transferring data technology, innovating data, developing data-related technology applications to serve state management, national interests, public interests, and socio-economic development; supporting organizations providing public services to overcome consequences and handle incidents related to data security and safety. Supporting activities to develop and apply important data, core data, data related to national defense, security, foreign affairs, etc.
The State budget provides capital for the Fund with 1,000 billion VND. Based on the ability to balance the budget, the Fund is supported with annual funding to ensure maintaining the level of 1,000 billion VND at the beginning of each fiscal year.
Non-state budgetary sources supporting the Fund include: Revenue from the Fund's operating results (loan interest, deposit interest and other revenues); grants, aid, contributions and donations from organizations and individuals; other sources as prescribed by law.
The Ministry of Public Security uses the apparatus of the specialized agency advising the Ministry of Public Security on state management of data as the Fund management agency. The Fund management agency includes the Director, Deputy Directors, Chief Accountant, and supporting apparatus.
The Decree specifically regulates the activities of receiving, managing and using sponsorship, aid, contributions, trusts and gifts for the Fund. Accordingly, for sponsorship, contributions and gifts in cash: the sponsor, contributor or gifter shall make a cash transfer or make a transfer to the Fund through the Fund's account opened at a commercial bank.
For sponsorship, contributions, and gifts in kind or other forms, it shall be implemented according to the agreement between the Fund and the sponsor, contributor, or donor and shall be stated in the documents and records of receiving sponsorship, contributions, and gifts. For entrustment to the Fund: the entrusting party shall transfer the entrustment amount in Vietnamese Dong or other foreign currency to the Fund through the Fund's account opened at a commercial bank./.
Source: https://www.vietnamplus.vn/chinh-phu-thanh-lap-quy-phat-trien-du-lieu-quoc-gia-thuc-day-chuyen-doi-so-post1047099.vnp
![[Infographic] Circular guiding the functions, tasks and powers of the provincial Department of Culture, Sports and Tourism and the commune-level Department of Culture and Social Affairs](https://vphoto.vietnam.vn/thumb/402x226/vietnam/resource/IMAGE/2025/6/29/877f24989bb946358f33a80e4a4f4ef5)
Comment (0)