Description

The Ministry of Agriculture and Rural Development (MARD) will manage the Vietnam Natural Disaster Management Fund (VNDMF), which is established and regulated under the newly issued Decree No. 78/2021/NĐ-CP on 1st August 2021.

The fund is a single-member limited liability company, where the State holds 100% of charter capital.

At the provincial level, the fund will be established by the chairman (chairwoman) of the People´s Committee and managed by the provincial People´s Committee.

This new Decree will replace the Decree 94/2014/NĐ-CP and be valid on 15th September 2021.

Sources & further information: “Gov’t establishes National Disaster Management Fund” at http://news.chinhphu.vn and “Nghị định78/2021/NĐ-CP thành lập, quản lý Quỹ phòng, chống thiên tai” at https://www.moitruongvadothi.vn, accessed on 2 August 2021.