Laws of Vietnam

Pursuant to the Law on Organization of the Government on the 30th of September, 1992;

Proceeding from Decree No. 15-CP issued on the 2nd of March, 1993, by the Government on the State Management Tasks and Powers of Ministries and Ministerial Level Agencies;

Proceeding from Decree No. 177-CP issued on the 28th of October, by the Government promulgating the Regulation on Management of Investment and Construction;

Proceeding from Decree No. 178-CP issued on the 28th of October 1994, by the Government on the tasks, powers and organization of the Ministry of Finance;

At the proposals of the Minister of Finance and the Governor of the State Bank,

Article 1.- As from the 1st of January, 1995, the Ministry of Finance shall assume unified management and allocation of funds and low-interest credits from the State Budget for projects and program targets provided for by the Government.

Article 2.- The Governor of the State Bank and the Minister of Finance shall direct the General Director of the Vietnam Bank for Investment and Development and the General Director of the General Department for Development Investment to carry out the hand-over of dossiers, facilities, capital and personnel directly involved in the implementation of the task stipulated in Article 1.

The Minister of Finance shall arrange with the Governor of the State Bank to make detailed provisions for the payment and final statement of accounts of the State investment capital allocated or loaned at preferential interest by the Vietnam Bank for Investment and Development up to the 31st of December, 1994.

Article 3.- The Minister of Finance is responsible for providing detailed guidance for the implementation of this Decision and for ensuring that the State investment in capital construction is carried out normally.

Article 4.- The Minister of Finance, the Governor of the State Bank, the Ministers, the Heads of agencies at ministerial level, the Heads of agencies attached to the Government, and the Presidents of the People's Committees of provinces and cities directly under the Central Government are responsible for the implementation of this Decision.