Enterprises donate cars: State agencies can receive under standards

VCN - Enterprises donate cars to State agencies and the agencies massively returned cars, being a hot topic on the newspapers. Therefore, this subject was also mentioned a lot at the press conference on public carsof the Ministry of Finance on the afternoon of March 08, 2017. 
enterprises donate cars state agencies can receive under standards The condition to import used automobiles as gifts donations
enterprises donate cars state agencies can receive under standards What are the procedures for the imported automobiles as gifts, donations?
enterprises donate cars state agencies can receive under standards Cars in the form of gifts and donations: Loopholes of the policy and trade fraud?
enterprises donate cars state agencies can receive under standards

Mr. Tran Duc Thang was talking with press.

Answering the question, "Can State agencies be allowed to receive cars donated by enterprises?". Mr. Tran Duc Thang, Director General of the Public Asset Management Department under the Ministry of Finance confirmed that it is possible but must be in line with the standards, norms and regulations of law.

This was stipulated in the Prime Minister's Decision No. 64/2007/QD-TTg promulgating the regulations on giving, receiving and handover of gifts by State budget-funded agencies, organizations and units and cadres, public employees and servants.

Accordingly, agencies, units and cadres, public employees and servants not only are entitled to receive gifts, but also may use funds and assets of the State or originated from the State budget as gifts.

Types of gifts include not only cars but also Vietnamese currency, foreign currencies, savings certificates, stocks, bonds, checks and valuable papers; and materials, goods, assets; and services of domestic or overseas sightseeing tours, travel, healthcare, education-training, internship and refresher training and other kinds of services; and rights to buy assets, houses, land use rights and equipment use rights; non State-prescribed privileges., etc.

Thus, the agencies receiving gifts or donations from organizations and enterprises have legal basis. According to Mr. Thang, in fact many organizations and enterprises have donated medical equipment and learning tools to units in remote areas besides car donation for transportation. These actions are socially encouraged and supported.

In some localities, if the receipt of donated cars does not accompany with conditions related to personal interests, the localities are allowed to receive. After receiving, the localities must use them in accordance with standards and norms. If the receipt of donated car is overstandards and norms but the localities cannot refuse, the donated cars must be handled according to regulations, such as being sold to collect money for the budget" Mr. Thang said.

Basing on the Prime Minister’s Decision, all ministries, agencies, units and localities must decide and take responsibility for their decision whether to receive or not receive gifts by themselves.

If receiving gifts, those assets must be owned by the State, then the unit will report to the Ministry of Finance to take them into national data on State assets.

If the donated assets are cars, the process of receipt shall be also in compliance with those procedures. The expense to take care ofdonated automobiles is ensured by the total annual budget’s expenditures of the receiving unit.

enterprises donate cars state agencies can receive under standards Is it suitable for local agencies to receive cars of enterprises?

VCN- According to the Deputy Minister of Finance Vu Thi Mai, the provisions of the Government clearly ...

Also according to the representative of the Public Asset Management Department, through actual deployment, the management mechanism of donated cars has hadsome problems. Hence, in the coming time, the Department will review and consult the Ministry of Finance to submit the National Assembly to amend Decision No. 64 in direction of requesting units to report to the upper levels before receiving gifts as assets with great value and concurrently requesting ODA projects to ensure cost of car operation during performance when giving and donating cars for Project Management Board.

In my opinion, what is likely to affect professional performance, responsibility and operational activities, we should not receive against being in debts and feeling uneasy when working. – Mr. Tran Duc Thang
By Hong Van/ Huyen Trang

Related News

PM chairs Government meeting on law building

PM chairs Government meeting on law building

The Government convened a thematic meeting on law building under the chair of Prime Minister Pham Minh Chinh in Hanoi on March 27.
Regulations on land finance have not adapted to reality

Regulations on land finance have not adapted to reality

VCN - On the morning of February 28, the Ministry of Finance held a conference to gather opinions on regulations related to land finance in the draft Land Law (amended) and other issues under the State management scope of the Ministry. Deputy Minister Nguyen Duc Chi attended and chaired the conference.
Standardizing and unifying regulations on goods origin inspection

Standardizing and unifying regulations on goods origin inspection

VCN - The amendment and supplementation of regulations on inspection and determination of the origin of exported and imported goods will meet the goal of standardizing and unifying inspection regulations in accordance with international commitments.
JICA to further help with Vietnam’s development via ODA: chief representative

JICA to further help with Vietnam’s development via ODA: chief representative

As Vietnam and Japan mark the 50th anniversary of diplomatic ties in 2023, the Japan International Cooperation Agency (JICA) will work harder to contribute to Vietnam’s development via official development assistance (ODA).

Latest News

Corporate bonds worth 1.1 billion USD issued in March

Corporate bonds worth 1.1 billion USD issued in March

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March.
Tax revenue is estimated at VND 426,922 billion in the first quarter

Tax revenue is estimated at VND 426,922 billion in the first quarter

VCN - In the first three months of the year, state budget revenue managed by the tax agency was estimated at VND426,922 billion, equaling 31.1% of the ordinance estimate and 104.6% over the same period. Domestic revenue is estimated at VND411,418 billion, equaling 30.9% of the estimate, up 5.3% over the same period in 2022.
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

VCN - A representative of the Ministry of Finance said that the Ministry had organized a specialized inspection team on insurance distribution through banks for four insurance companies. The team is finalizing inspection conclusions.
Central bank starts huge credit package for social housing projects

Central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.

More News

In Q1, State revenue estimated to rise by 1.3%

In Q1, State revenue estimated to rise by 1.3%

VCN - Total state budget expenditure in the first quarter of 2023 is estimated at VND363.4 trillion, equaling 17.5% of the yearly estimate and rising by 7.2% year-on-year.
Consider raising the level of penalties to ensure fairness and transparency in the stock market

Consider raising the level of penalties to ensure fairness and transparency in the stock market

VCN - Mr Pham Hong Son, Vice Chairman of the State Securities Commission, discussed solutions to improve the capacity, improve fairness and transparency of the stock market.
Central bank cuts policy interest rates to spur growth

Central bank cuts policy interest rates to spur growth

The State Bank of Vietnam (SBV) announced it would reduce several policy interest rates from April 3, the second cut within one month, the regulator announced on its website March 31 night.
Ensure policies to attract investment when implementing global minimum tax

Ensure policies to attract investment when implementing global minimum tax

VCN - On the afternoon of March 30, in Hanoi, the Ministry of Finance held a regular press conference in the first quarter of 2023, chaired by Deputy Minister of Finance Nguyen Duc Chi. Many issues related to the tax field were discussed and answered at the conference.
SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks

SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks

The State Bank of Vietnam (SBV) has suggested the Government to issue a revised decree on foreign investors buying shares from Vietnamese credit institutions.
Solutions to attract FDI when implementing the global minimum CIT

Solutions to attract FDI when implementing the global minimum CIT

VCN - On March 29, the Vietnam International Arbitration Center (VIAC) and the Center for International Integration, the Ho Chi Minh City Institute for Development Studies, jointly held a seminar on Global Minimum Corporate Tax – outlook and challenges in attracting foreign investment (FDI) in Ho Chi Minh City.
Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba

Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba

VCN – The promulgation of Vietnam's Decree on Vietnam's special preferential import tariff to implement the Vietnam-Cuba Trade Agreement for 2022-2027 creates a stable and open legal framework, facilitates import and export activities, brings expected great benefits to the business community of the two sides, promote two-way trade turnover and develop Vietnam-Cuba trade relations.
Being many "hot" issues at the general meeting of shareholders of banks

Being many "hot" issues at the general meeting of shareholders of banks

VCN - International Commercial Joint Stock Bank (VIB) will be the first bank to hold a general meeting of shareholders this week, and then April will be the "peak" for banks to deploy.
Bringing the policies on reducing land rent and water surface rent into life

Bringing the policies on reducing land rent and water surface rent into life

VCN - The tax sector is drastically implementing dissemination and support to make the policy of reducing land rent and water surface rent in 2022 fully effective.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Corporate bonds worth 1.1 billion USD issued in March

Corporate bonds worth 1.1 billion USD issued in March

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March.
Tax revenue is estimated at VND 426,922 billion in the first quarter

Tax revenue is estimated at VND 426,922 billion in the first quarter

VCN - In the first three months of the year, state budget revenue managed by the tax agency was estimated at VND426,922 billion, equaling 31.1% of the ordinance estimate and 104.6% over the same period. Domestic revenue is estimated at VND411,418 billion,
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

VCN - A representative of the Ministry of Finance said that the Ministry had organized a specialized inspection team on insurance distribution through banks for four insurance companies. The team is finalizing inspection conclusions.
Central bank starts huge credit package for social housing projects

Central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.
In Q1, State revenue estimated to rise by 1.3%

In Q1, State revenue estimated to rise by 1.3%

VCN - Total state budget expenditure in the first quarter of 2023 is estimated at VND363.4 trillion, equaling 17.5% of the yearly estimate and rising by 7.2% year-on-year.
Mobile Version