Establishment of Defense Foreign Policy Fund

The Government has just issued a decree on the establishment, management and use of the National Defense Foreign Policy Fund.

According to the decree, the Defense Foreign Policy Fund is a non-budgetary state financial fund, has legal status, its own seal and is allowed to open an account at a commercial bank legally operating in Vietnam.

The fund is located at the Ministry of National Defense , with the Minister of National Defense deciding on the organization, management mechanism, and promulgating regulations on the organization and operation of the fund according to regulations.

The parade to celebrate the 80th anniversary of National Day on September 2nd left many heroic and solemn impressions in the hearts of the people and international friends.

PHOTO: TUAN MINH

The state budget does not support the fund's operating costs. The management and use of the fund must be for the right purpose, in accordance with the law, timely, effective, public, and transparent.

One of the fund's operating principles is not to accept contributions, sponsorships, or support that harm national interests, security, defense, violate laws on anti-corruption, money laundering, terrorist financing, and other activities that are contrary to the law.

At the same time, the fund also does not support organizations and individuals who operate illegally, contrary to the provisions of Vietnamese law.

According to the decree, the fund receives, manages, and uses contributions, sponsorships, and support in cash and in kind from businesses, organizations, and individuals inside and outside the military to carry out defense policy and foreign affairs work.

The Fund is responsible for supporting defense policy and foreign affairs activities that the state budget has not yet guaranteed or has guaranteed but has not yet met practical requirements.

At the same time, the fund must implement the reporting and accounting regime in accordance with the provisions of this Decree and other relevant legal provisions. Comply with inspections, examinations and audits by competent state agencies in accordance with the provisions of law.

The Fund is allowed to use its idle operating budget to deposit term deposits of no more than 12 months at commercial banks in order to increase its operating budget.

The Chairman of the Fund is appointed and dismissed by the Minister of National Defense. The number of Vice Chairmen and members is decided by the Minister of National Defense, appointed and dismissed upon the proposal of the Chairman of the Fund...

According to the decree, the fund is spent on policy subjects and policy programs that have been approved by the Party, the State or by the decision of the Minister of National Defense. It supports the work of overcoming the consequences of natural disasters and epidemics; and search and rescue work.

Expenditure to support forces under the Ministry of National Defense in performing military defense tasks; expenditure to support the embellishment, restoration, and renovation of cultural works and historical relics associated with the nation's revolutions; and martyrs' cemeteries.

Expenditures for foreign defense activities of the Ministry of National Defense or foreign affairs activities according to the policies of the Party and State; expenditures to support countries around the world to overcome the consequences of natural disasters and epidemics; search and rescue work...

Source: https://thanhnien.vn/thanh-lap-quy-chinh-sach-doi-ngoai-quoc-phong-185250904171641613.htm