Prime Minister Pham Minh Chinh has just signed Decision No. 1511/QD-TTg dated July 11, 2025 on the establishment of the Investment Support Fund Management Board. This decision takes effect from the date of signing.
According to the decision, the Chairman of the Council is Minister of Finance Nguyen Van Thang. The Vice Chairwoman of the Council is Deputy Minister of Finance Nguyen Thi Bich Ngoc.
The Council members include: Deputy Minister of Science and Technology Bui Hoang Phuong, Deputy Minister of Home Affairs Nguyen Manh Khuong; Deputy Minister of Industry and Trade Phan Thi Thang and Deputy Minister of Construction Nguyen Van Sinh.
The Fund Management Board is the agency managing the Investment Support Fund (hereinafter referred to as the Fund), in the name of the Fund to decide, perform the functions, tasks and powers of the Fund as prescribed in Article 9 of Decree No. 182/2024/ND-CР of the Government regulating the establishment, management and use of the Investment Support Fund.
The Fund Management Board decides on the Fund's strategy and 5-year, annual operation plan; Issues or amends the Fund's operating regulations; manages and uses the Fund in accordance with the provisions of law, operates not for profit, not for the purpose of preserving the Fund's financial resources; approves the Fund's annual financial plan.
The Management Board of the Fund reports to the Government for consideration and approval of the total cost support for enterprises on the basis of orientation for socio-economic development, investment attraction in each period and the ability to balance the state budget annually; on that basis, assign cost support plans to each locality for implementation, and send them to the State Treasury where they are traded to control expenditures; approve periodic reports and Fund settlement reports.
