National-level centralized procurement of cars in 2017: temporarily not approved

VCN - The Ministry of Finance has sent official dispatches to ministries, ministerial-level agencies and other central agencies, the People's Committees of provinces and centrally-run cities to guide the procurement of assets from the State budget in 2017 andraise the efficiency of exploitation of financial resources in the management and use of public assets.
tam thoi chua mua sam tap trung cap quoc gia doi voi xe o to trong nam 2017 Ha Noi: Expenditure packages for public cars in large scale can save 50 billion vnd per year
tam thoi chua mua sam tap trung cap quoc gia doi voi xe o to trong nam 2017 The Ministry of Finance issued the Centralized procurement catalog at ministerial level
tam thoi chua mua sam tap trung cap quoc gia doi voi xe o to trong nam 2017 Tender on pharmaceutical drugs procurement for health insurance

tam thoi chua mua sam tap trung cap quoc gia doi voi xe o to trong nam 2017

General Department of Finance requested not to use ODA funds to purchase cars. Photo: internet

Accordingly, in the case of public cars, the Ministry of Finance has grasped the principle of encouraging agencies, organizations and units to apply the funding mechanism of using cars or renting cars for public work.

The purchase of new cars (including cars in service of titles, cars for general and special-purpose) of agencies, organizations and units shall only be accepted by satisfying 3 conditions: Agencies, organizations and units lack of cars compared with standards and norms promulgated by competent State agencies according to the provisions of law.

Under the Prime Minister's Decision No. 32/2015 / QD-TTg, after reviewing and ranking all existing cars under the management of ministries, branches and localities, the number of redundant vehicles has been reported to the Ministry of Finance. At the same time, the Ministry of Public Security and the Ministry of Defense have reported to the Prime Minister the results of the revision and rearrangement of automobiles at the agencies and units under their management.

Funds for the purchase of vehicles have been allocated within the scope of the State budget estimated in 2017 and funds are allowed to be used in accordance with the law.

The Ministry of Finance also requested not to use foreign loans within the framework of programs / projects using ODA loans, preferential loans, commercial loans to purchase cars in order ensure public debts are only used for development not for recurrent expenditure.

The purchase of cars from reciprocal capital (investment capital sources) of projects funded with foreign loan capital must comply with the prescribed standards and norms and within the total investment capital ratified by authorized agencies.

For foreign non-refundable aid projects, if agencies, units or project management boards wish to equip means of transport, automobiles should be provided with detailed plans on automobile equipment, means of transport, using plans, users, funding sources and the capability to allocate funds for operation, maintenance and repair and report them to the managing agencies for comments of the Ministry of Finance before submitting to competent authorities.

tam thoi chua mua sam tap trung cap quoc gia doi voi xe o to trong nam 2017 The biggest target: increase in expenditures from public procurement

VCN - The project of the Law on Management and Usage of Public Assets which was studied, ...

The Ministry of Finance has also announced that it will temporarily not carry out national-level centralized procurement of cars in 2017. Also, ministries, sectors and localities will organize the procurement of cars in accordance with the laws on bidding.

By Hong Van / Thu Phuong

Related 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.
The necessity of compulsory civil liability insurance for car and motorbike owners

The necessity of compulsory civil liability insurance for car and motorbike owners

VCN - Director of Insurance Supervisory Authority Ngo Viet Trung said that it was necessary to continue maintaining the regulations on compulsory civil liability insurance for car and motorbike owners.
­Customs detects trick of remodeling smuggled cars as domestically produced cars

­Customs detects trick of remodeling smuggled cars as domestically produced cars

VCN – Dong Thap Customs Department has coordinated with the local Police to seize cars that are illegally imported and have fake documents to register for trading as domestically-produced cars.
Asset quality at banks is deteriorating

Asset quality at banks is deteriorating

VCN - The corporate bond market, which is an important source of funding for real estate investors in the 2018-2021 period, is facing many difficulties. This is expected to be the biggest obstacle in the next two years for both the real estate market and the banking sector.

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

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.
The more delayed the investment disbursement is, the more accumulated the capital expenditure will be

The more delayed the investment disbursement is, the more accumulated the capital expenditure will be

VCN - According to Dr Nguyen Dinh Cung, former director of the Central Institute for Economic Management (CIEM), amid the downtrend of many of Vietnam's economic growth drivers, public investment is still expected to be the main driver for economic growth recovery in 2023.
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