Instructions on the use and management of industry promotion funding

10:39 | 01/03/2014 Economy- Society

(VEN) - The Ministry of Finance (MOF) and the Ministry Industry and Trade recently issued Circular 26/2014/TTLT-BTC-BCT dated February 18, 2013 on the use and management of the national and local industry promotion funding.

Specifically, the maximum aid funding is VND5 million for a business to complete its feasible business plan and other costs relating to the establishment of the businesses. Costs on building technical performance models include: buying machineries and equipment, completing documents on production and technological processes with maximum aid funding of VND500 million a model.

In addition, the aid funding for efficient rural industrial facilities that need to be expanded for other organizations and inpiduals to follow include: completing documents on production, technological processes and building technical performance models. The maximum aid funding for this activity is VND100 million a model. The rural industrial facilities that participate in domestic exhibitions and trade fairs will be aided 80 percent of the booth renting fees and 100 percent of the expenses if showcasing their products abroad./.

Hai Linh