Guidance on financial and asset work in the trade union system

Implementing Conclusion No. 183-KL/TW dated August 1, 2025 of the Politburo and Secretariat on continuing to deploy and operate the two-level local government model, strongly shifting the grassroots level to proactively grasp and manage socio-economic, national defense and security, the Vietnam General Confederation of Labor issued Document No. 433/TLD-CTCT guiding the financial and asset work of the trade union system.

The document clearly states specific regulations on the collection of union funds and dues. Accordingly, the Provincial Labor Federation will collect union funds from enterprises, public service units that do not receive 100% of their salaries from the state budget, cooperatives, cooperative unions and other agencies, organizations and units. Grassroots unions are allowed to use 75% of the total union funds and 70% of the total union dues. In addition, union units are allowed to retain and use 100% of other revenue from cultural, sports and economic activities, projects assigned by the State or from legal aid and sponsorship sources.

Regarding financial expenditures, the guiding document allows the Provincial Federation of Labor and Commune Trade Unions to make expenditures in accordance with current decisions and regulations of the Vietnam General Confederation of Labor . The Provincial Federation of Labor shall comply with Decision No. 1411/QD-TLĐ dated August 1, 2024 of the Presidium of the Vietnam General Confederation of Labor on standards, norms, and spending regimes in trade union agencies.

For communal trade unions, financial management and use are applied according to Decision No. 4290/QD-TLĐ dated March 1, 2022 of the Presidium of the General Confederation of Labor, regulating revenue, expenditure, financial and asset management at grassroots trade unions. For trade union activities assigned by the Provincial Labor Federation, the communal trade union spends according to the budget approved by the province from trade union financial sources.

To ensure effective financial management, the document provides detailed instructions on opening accounts and arranging accounting personnel. Provincial Labor Federations are allowed to open accounts at the State Treasury or commercial banks to receive union funds. For Commune Unions, there are two applicable cases: One is that Commune Unions are allowed to open separate accounts at the treasury or banks according to regulations; two is that based on specific local conditions, Commune Unions can use an account at the bank of the Commune Fatherland Front Committee to conduct transactions.

Regarding budget estimates and settlement, every year, the Provincial Labor Federation builds a budget for union revenue and expenditure, compiles a report and sends it to the Vietnam General Confederation of Labor for approval. Commune unions create or compile budget estimates depending on the organizational model, and send them to the provincial level for consolidation. The settlement work is also carried out according to decentralization: Commune unions send reports to the Provincial Labor Federation for consolidation, then submit them to the General Confederation for approval.

Regarding union assets, the General Confederation develops plans for arrangement, management, use, and exploitation of real estate and union assets in accordance with the law and guidance of the Central Committee of the Vietnam Fatherland Front. The authority to decide or delegate the management and exploitation of assets is exercised by the Vietnam General Confederation of Labor.

For trade union public service units: The Provincial Federation of Labor directly manages, issues regulations on functions, tasks, organizational structure and implements budget allocation and settlement according to general instructions.

Regarding capital management and investment in enterprises: The General Confederation is the representative body of the owner, directly managing enterprises established or held by the union. The provincial Labor Confederation is assigned to represent the owner according to decentralization.

For social and charity funds, the Provincial Labor Federation shall comply with Government regulations, instructions of the Ministry of Home Affairs and Instruction No. 50/HD-TLĐ dated June 23, 2025 of the General Confederation of Labor.

Regarding investment management: Projects using state budget or union capital must have medium-term and annual plans and be submitted to competent authorities for approval before implementation.

The Vietnam General Confederation of Labor emphasized that the implementation of this guideline is a step to concretize Conclusion No. 183-KL/TW of the Politburo and the Secretariat; at the same time, it requested Party committees, the Fatherland Front, and relevant units to closely coordinate in directing and organizing implementation. During the implementation process, if difficulties or problems arise, units need to promptly report to the Vietnam General Confederation of Labor (through the Trade Union Working Committee) for guidance and resolution.

Source: https://baolamdong.vn/huong-dan-cong-tac-tai-chinh-tai-san-trong-he-thong-cong-doan-391021.html