Can Tho City: Arranging extra-budgetary state financial funds

After merging Soc Trang and Hau Giang provinces into Can Tho City, Can Tho City has only 7 extra-budgetary state financial funds, with a total operating capital of nearly 3,230 billion VND.

Lean, efficient operations

On October 3, the People's Council of Can Tho City passed the Resolution "Project to organize and arrange non-budgetary State Financial Funds on the basis of merging non-budgetary State Financial Funds of Soc Trang , Hau Giang provinces and Can Tho City"

Accordingly, the following extra-budgetary State Financial Funds shall operate effectively, in accordance with the set objectives; in accordance with the local socio -economic situation; without overlapping objectives and tasks; ensuring financial independence, without overlapping revenue sources and expenditure tasks of the State budget in accordance with the provisions of the State Budget Law.

Currently, Can Tho City has 7 extra-budgetary State Financial Funds. In order to ensure the organization and arrangement of the political system to be streamlined and operate effectively and efficiently, the People's Council of Can Tho City has just passed a Resolution on "Project to organize and arrange extra-budgetary State Financial Funds on the basis of merging extra-budgetary State Financial Funds of Soc Trang, Hau Giang provinces and Can Tho City".

According to the report of the People's Committee of Can Tho City, there are currently 3 funds in the city, including: Can Tho City Development Investment Fund, charter capital of 565.4 billion VND; Can Tho City Land Development Fund, charter capital of 631.3 billion VND; Credit Guarantee Fund for small and medium enterprises of Can Tho City, charter capital of 100 billion VND.

Soc Trang Province (old) has Soc Trang Province Land Development Fund, charter capital of 363.6 billion VND; Credit Guarantee Fund for small and medium enterprises of Soc Trang Province, charter capital of 15 billion VND.

In Hau Giang province (old), there is Hau Giang Provincial Development Investment Fund with charter capital of 300 billion VND and Hau Giang Provincial Land Development Fund with charter capital of 351.6 billion VND.

For the development investment fund, the Can Tho City Development Investment Fund and the Hau Giang Province Development Investment Fund will be merged into the Can Tho City Development Investment Fund.

According to the arrangement project, the Can Tho City Development Investment Fund and the Hau Giang Province Development Investment Fund will be merged into the Can Tho City Development Investment Fund based on the functions, tasks, and operations in the field of lending and investment in the area as prescribed in Decree No. 147/2020/ND-CP. After the merger, as of June 30, 2025. After the merger, the Can Tho City Development Investment Fund will have a capital of more than VND 1,800 billion.

For the Land Development Fund model, the Can Tho City Land Development Fund, the Soc Trang Province Land Development Fund and the Hau Giang Province Land Development Fund will be merged into the Can Tho City Land Development Fund on the basis of implementing the task of advancing capital according to the decision of the competent authority and recovering the advanced capital according to the provisions of Decree No. 104/2024/ND-CP. After the merger, the operating capital will be more than 1,300 billion VND.

Regarding the model of Credit Guarantee Fund for small and medium enterprises, the Credit Guarantee Fund for small and medium enterprises of Can Tho City and the Credit Guarantee Fund for small and medium enterprises of Soc Trang Province will be merged into the Credit Guarantee Fund for small and medium enterprises of Can Tho City based on the functions, tasks and activities of providing credit guarantees for small and medium enterprises in the locality according to the provisions of Decree No. 34/2018/ND-CP. After the merger, the operating capital will be nearly 130 billion VND.

Financial inventory, final handling of conclusions and recommendations

Merge the Credit Guarantee Fund for Small and Medium Enterprises of Can Tho City and the Credit Guarantee Fund for Small and Medium Enterprises of Soc Trang Province into the Credit Guarantee Fund for Small and Medium Enterprises of Can Tho City

After the consolidation of the extra-budgetary State Financial Funds, continue to use the existing equipment and means of work. When put into operation, review and transfer equipment and means of work in accordance with the prescribed norms.

Can Tho City People's Committee noted that before implementing the merger, the State Financial Funds outside the budget must conduct an inventory of financial sources and prepare all relevant documents according to regulations, and handle bad debts (if any). Review and thoroughly handle the conclusions and recommendations of the inspection and audit agencies that have not been implemented related to financial and other handling.

Conclusions and recommendations of inspection and audit agencies that have not been fully implemented must be listed separately, clearly identifying the causes and responsibilities of relevant organizations and individuals, along with necessary documents and records; at the same time, a record of handover and acceptance between the parties must be drawn up regarding conclusions and recommendations of inspection and audit agencies that have not been fully implemented.

In addition, the People's Committee of Can Tho City also requested the managing units to carry out inventory, preserve and use assets effectively, avoid waste; handle and resolve regimes and policies in accordance with legal regulations for cadres, employees and workers who no longer work.

Can Tho City People's Committee assigned the Department of Finance to coordinate with relevant agencies to advise the City People's Committee to issue decisions on organization, reorganization, organization and operation charter, operation plan, post-merger finances, regulations and rules related to the operations of non-budgetary State financial funds (after merger).

Currently, the non-budgetary State Financial Funds carry out the work of organizing the apparatus, arranging and assigning managers, employees, and deputy heads of specialized departments, and reporting the implementation results to competent authorities according to regulations.

Source: https://daibieunhandan.vn/tp-can-tho-sap-xep-cac-quy-tai-chinh-nha-nuoc-ngoai-ngan-sach-10389182.html