The Ministry of Justice has published the dossier for appraisal of the Draft Decree on the organization and operation of social funds and exchange-traded funds drafted by the Ministry of Home Affairs.
According to the drafting agency, the development of the Decree aims to perfect the provisions of current law on the organization and operation of social funds and state-owned funds to comply with the model of organizing local government at 2 levels after streamlining the apparatus, arranging administrative units, and ending the operation of district-level administrative units;
Resolve problems arising in practice, the contents of regulations are no longer suitable in the current context;
Incorporate Decrees regulating the organization and operation of social funds and funds into a Decree;
Reform and simplify administrative procedures, strengthen the management and use of assets at social funds and funds from efficiency, publicity and transparency.
In the draft Decree, the Ministry of Home Affairs proposed to stipulate a strict prohibition of taking advantage of the establishment, organization and operation of the fund to carry out specific acts.
These are: Activities contrary to the principles and purposes of the fund, affecting the reputation of the State, agencies, organizations, individuals, and communities; causing harm to national interests, security, national defense, the great national unity bloc, and the legitimate rights and interests of organizations and individuals.
Damaging social ethics, good customs, traditions, national identity, beliefs, and religions.
For personal gain, fraud, implementation, use of illegal invoices, gathering documents that are not accurate in reality or colluding with organizations and individuals to evade taxes, defraud taxes or violate other provisions of the law on finance, taxes, and accounting during the establishment and operation of the fund.
Money laundering, terrorist financing and illegal activities.
Forgery, erasure, transfer, lease, lending, pledging, mortgaging a license to establish a fund in any form.
Receive deposits, loans, and investment contributions.
Using the state budget, using or supporting assets allocated by the state budget or originating from the state budget to participate in contributing assets to the fund.
