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Decree No. 144/2016/ND-CP dated November 01, 2016 of the Government on providing for a number of peculiar mechanism relating to investment, finance, budget and management of Da Nang city

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Decree No. 144/2016/ND-CP dated November 01, 2016 of the Government on providing for a number of peculiar mechanism relating to investment, finance, budget and management of Da Nang city
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Decree No. 144/2016/ND-CP dated November 01, 2016 of the Government on providing for a number of peculiar mechanism relating to investment, finance, budget and management of Da Nang city
Issuing body: GovernmentEffective date:
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Official number:144/2016/ND-CPSigner:Nguyen Xuan Phuc
Type:DecreeExpiry date:Updating
Issuing date:01/11/2016Effect status:
Known

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Fields:Policy

SUMMARY

A number of peculiar mechanism relating to Da Nang city

On November 01, 2016, the Government issued the Decree No. 144/2016/ND-CP prescribing a number of peculiar mechanism relating to investment, finance, budget and management of Da Nang city, in order to promote the socio-economic development of the City, enable the City to uphold advantages to become one of the great cities of Vietnam…

The Decree points out that the Government shall priorly provide an amount from the central budget for the City’s budget to contribute in the conduct of project in form of multi-regional Public-private partnership (PPP) in the City’s area. The Government shall priorly allocate sufficiently and purposefully the supplement capitals to the City’s budget to conduct socio-economic development projects of the City and other regional projects of the Middle of Vietnam and the Central Highlands.

At the same time, the Government shall prioritize the raising of Official Development Assistance (ODA) for the City to implement important infrastructural investment projects included in the spending of the City’s budget. The allocation of reciprocal capital for such projects shall be ensured by the City’s budget. The Government shall prioritize the allocation of concessional loans in form of on-lending loan to implement PPP projects in the City.

The City may reduce a part of loan interests for organizations/individuals that applied for loans to invest in important socio-economic development projects which are recoverable in the scope and capacity of the City’s budget. The City may sell social housing invested by the State budget in form of lumpsum payment to re-invest in the construction of other social housing in local area. People’s Committee of the City shall establish and report to the Ministry of Construction a Project in writing before conducting and implementing it.

This Decree takes effect on January 01, 2017 and annuls thé. Decision No. 13/2006/QD-TTg dated January 16, 2006
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Effect status: Known

THE GOVERNMENT

Decree No.  144/2016/ND-CP dated November 01, 2016 of the Government on providing for a number of peculiar mechanism relating to investment, finance, budget and management of Da Nang city
Pursuant to the Law of Government organization dated June 19, 2015;
Pursuant to the Law on State budget dated June 25, 2015;
Pursuant to the Law on Public debt management dated June 17, 2009;
Pursuant to the Law on Construction dated June 18, 2014;
Pursuant to the Law on Housing dated November 25, 2014;
Pursuant to the Law on Land dated November 29, 2013;
Pursuant to the Law on Urban Planning dated June 29, 2009;
Pursuant to the Law on public investment dated June 18, 2014;
At the request of the Minister of Finance;
The Government hereby promulgates the Decree providing for a number of peculiar mechanisms relating to investment, finance, budget and management of Da Nang city.
This Decree provides for a number of peculiar mechanisms relating to investment, finance, budget and management of Da Nang city (hereinafter also referred to as the City).
1. Such peculiar mechanism is for promote the socio-economic development of the City, enable the City to uphold advantages to become one of the great cities of Vietnam and become a great socio-economic center as a center of industry, commerce and service of the Middle of Vietnam by 2020, create an important motivation for the development of provinces of the Middle of Vietnam and the Central Highlands.
2. The decentralization in management must be in association with the increase in the responsibility of the People’s Council and the People’s Committee of the City and raise the sense of initiative and creative and develop effectively the potentiality and the strength of the City in the conduct of socio-economic development targets of local area.
1. The City may apply for investment loans from domestic organizations or individuals in form of municipal bonds and other forms according to law or on-lending loans from the Government. The outstanding debt (including domestic loans form the issue of municipal bonds or on-lending loans from the Government and other domestic loans prescribed by law) of the City’s budget must not exceed 40% of the local budget revenues which are allocated according to competence and included in the annual the State budget deficits prescribed by National Assembly.
2. The Government shall priorly provide an amount from the central budget for the City’s budget to contribute in the conduct of project in form of multi-regional Public-private partnership (PPP) in the City’s area.
3. The Government shall priorly allocate sufficiently and purposefully the supplement capitals to the City’s budget to conduct socio-economic development projects of the City and other regional projects of the Middle of Vietnam and the Central Highlands.
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LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency

VIETNAMESE DOCUMENTS

Decree 144/2016/NĐ-CP DOC (Word)
Decree 144/2016/NĐ-CP PDF (Original)
Decree 144/2016/NĐ-CP ZIP (Word)

ENGLISH DOCUMENTS

Official Gazette
Decree 144/2016/NĐ-CP PDF

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