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New policies take effect this month

A range of fresh policies coming into effect this month will force major changes nationwide, including registration before drawing money from the State budget and energy labels on cars and motorbikes.
New policies take effect this month ảnh 1All agencies and organisations spending State budget money are required to register one day before drawing more than 8,790 USD from the provincial-level State Treasury, and 4,395 USD from the district-level State Treasury as of April 1.(Photo thoibaoraichinh.vn)
Hanoi (VNA) - A range of fresh policies coming into effect this month will forcemajor changes nationwide, including registration before drawing money from theState budget and energy labels on cars and motorbikes.

Circular No 13 issued by the Ministry of Finance in February saidthat all agencies and organisations spending State budget money are required toregister one day before drawing more than 200 million VND (8,790 USD) from theprovincial-level State Treasury, and 100 million VND (4,395 USD) from thedistrict-level State Treasury as of April 1.

The move aims to ensure that State treasuries can fully andpromptly provide funds to agencies.

In the meantime, a decision approved by Prime Minister Nguyen XuanPhuc asked producers of motorbikes and cars fewer than nine seats to labeltheir energy statistics.

Starting April 25, the decision will encourage producers tovoluntarily label energy until December 31, 2017 for car producers, andDecember 31, 2019 for motorbike producers. Then, the producers will be forcedto implement the decision.

The decision was designed to help the Government in controllingemissions, saving energy and protecting the environment.

A decree issued on February and taking effect on April 1 orderedthe State-owned Electricity of Vietnam (EVN) to not mobilise capital to investin securities, banking, insurance, investment funds, real estate, as well asfinance. The decree was issued to better control financial management of EVN.

The Ministry of National Defence will recover arrears of socialinsurance payment from its units following the circular No 37/2017-BQP. Thecircular says that all the ministry’s units that delayed in paying social insurancefor their labourers must make the payment starting as April 2. The move aims toensure the rights of labourers under the ministry.-VNA
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