A DECISION.

About the establishment and regulation of the organization, activities of

Vietnam Aquacal Renewal Fund.

________________

PRIME MINISTER

Government Law Base December 25, 2001;

The Fisheries Law Base November 26, 2003;

Environmental Protection Act November 29, 2005;

Base of Protocol 27 /2005/NĐ-CP March 8, 2005 of the Government rules the details and guidelines for some of the provisions of the Fisheries Law;

At the suggestion of the Minister of Fisheries,

DECISION:

What? 1 . Establishment of the Vietnam Aquacal Renewable Fund.

The establishment of the Vietnam Aquacal Renewable Fund (later known as the Fund) to implement the function of mobilization and the reception of financial resources for the operation to regenerate and prevent the decline of the fisheries.

What? 2 . Legal status of the Foundation

1. The foundation is the state financial institution, which is subordinated to the Ministry of Fisheries and is subject to the financial state management of the Ministry of Finance; legally, there are seals, charter capital, have its own balance sheet, which is open accounts at state coffers and banks. It's in the country by law.

2. The trading name of the Foundation in English: "Vietnam Fund for Aquatic Resources Reproduction", abbreviated as VIFARR.

3. The Fund has its headquarters in the city of Hanoi; there are branches or offices represented in several provinces, the Central City of the Central Committee of the Decision Fund and the Office of the Exchange in the Foreign Office as required by law.

What? 3 . Fund Activity

1. The operating fund is not for profit purposes, effective use of the source of capital mobilization and reception to reconstruct and prevent the decline in fisheries.

2. The Minister of Fisheries chairs the construction and takes of the opinion of the Minister of Ministers, the industry, the relevant agency to approve the Foundation ' s Organizational Regulation and activities in accordance with this Decision and the other provisions of the relevant law.

What? 4. Foundation mission

The Fund is tasked with mobilization of domestic and foreign resources by law to support programs, projects, and other activities aimed at renewing and preventing the decline in fisheries on the country with the following forms:

1. Funding or co-sponsor of programs, projects and activities aimed at renewing and preventing the decline of the fisheries resource;

2. Support for the organization, individual interest rates borrowed from other credit organizations to convert fisheries to fisheries in coastal waters away from the shore; creating jobs for subjects to move operations out of the regions used by the United States and the United States. setting up marine reserves, inland fisheries conservation, the forbidding area; new technology applications into selective fisheries exploitation; production of artificial aquatic breeds to regenerate and recover aquatic resources.

The Ministry of Fisheries in coordination with the Ministry of Finance regulates the funding level or supports the loan interest rate for each of the specific areas of operation;

3. Secure, develop the funds of the Fund and offset the cost of management;

4. Retake and manage the source of trust funds from organizations, individuals in and out of the country for activities aimed at renewing and preventing the decline of aquatic resources in accordance with the rule of law;

5. Regulations and tests of programs, projects or activities supported from the Fund's capital in accordance with the provisions of the law.

What? 5. Fund permissions

1. Check out the periodic examination of the Fund's capital units in the deployment of programs, projects, and activities aimed at renewing and preventing the decline in fisheries.

2. Funding, which supports loan interest from other sources of credit and the suspension of funding, including loan interest support to the hedge fund employers committed to the Fund or in violation of the laws of the law and the start of the investment owners to the competent authorities. the right to the rule of law.

3. Invite the experts of ministries, sectors, localities, organizations, individuals who are involved in the Council for the Appraisal Of Activities, Mission and Investment Projects aimed at renewing, rehabilitation of the assets that use the Fund ' s capital, including funding, interest support. Credit card.

4. reject all requirements of any organization, individual of the provision of information and other resources of the Fund if that requirement is contrary to the provisions of the law and the Organization of the Organization and Operations of the Foundation.

5. Relations with organizations, individuals in and out of the country in calling, attracting, receiving aid or raising capital under the regulation of law to invest in projects, activities, tasks aimed at regenerating the production of fisheries under the operational plan of operations. The delivery of the Fund.

What? 6. Fund's funding

The operating budget of the Fund is formed from the following sources:

1. Ministry of Finance chaired, in collaboration with the Ministry of Fisheries the Government of Government decided to grant initial capital from the state budget to the Fund;

2. Other financial sources include:

a) Contributs to the organization, individuals directly exploiting, cultivable, processed, purchased, sold, exported, imported aquatic;

b) The contribution of the organization, the individual active in the industries, the profession has direct influence on the fishery benefits;

c) The funding of organizations, individuals in the country and abroad;

d) Mandate capital from organizations, individuals in and out of the country devoted to activities aimed at renewing, development of aquacuses;

The money compensated for the collateral damage, remediation of the life of the aquatic animals according to the rule of law;

e) The cost of aquacal resources;

g) Other financial sources according to the rule of law.

The Ministry of Finance chaired, in collaboration with the Ministry of Fisheries specifically the implementation of points a, b, e and e paragraph 2 This.

What? 7. Organization and Mission, the powers of the Fund Management Board

1. The Fund Management Council has five members appointed by the Minister of Fisheries, for dismissal, including: Chairman of the Fund Management Council as Deputy Minister of Fisheries and other members is the leader of the following units of the Department of Fisheries: Bureau of Mining and Protection. Property benefits, the Financial Plan, the Science, Technology and the Fisheries Department.

The members of the Board of Directors of the Fund are active in a dual-degree regime.

2. The Fund Management Council has the following mandate and powers:

a) Build, the Minister of Fisheries approvfully, the amendment, the addition of the Foundation ' s organizational and operational charter and management problems, using the Foundation beyond jurisdiction;

b) Through the operational direction, financial plan and the Fund's decision reporting;

c) Implemucing of the prescribed duties and powers at the Charter and Operations Charter;

d) Monitoring, examining the activities of the Fund under the Organizational And Operational Charter of the Fund and the decisions of the Fund Management Council;

) Consider the report of the Control Board; resolve the complaint as stipulated at the point of end of Article 3 Article 8 This Decision, which exceeds the authority to report the Minister of Fisheries review, resolve.

What? 8 . Fund Control Board

1. The Fund Control Board of 3 members is appointed by the Minister of Fisheries, as provided by the recommendation of the Fund Management Council.

2. The Fund Control Board operates under a dual-degree regime.

3. The mission and the powers of the Foundation Control Board:

a) Control, which oversees the presiding acceptance, policy, regime, fitness, career in the Fund 's activities to enhance efficiency and guarantee the safety of the State' s assets, of the Fund; report the Fund Management Council on the results of inspection, surveillance and knowledge. the resolution of the measure;

b) Progress on the program independently according to the program, the plan has been adopted by the Foundation Board;

c) The report, its petition on the results of control; the appraisal report on the financial decision at the Meeting of the Fund Management Council but is not voting;

d) Consider, the grant has the authority to address the complaints of organizations, individuals with regard to the activities of the Fund.

4. The operating budget of the Fund Control Board is charged at the operating costs of the Fund.

What? 9. Fund Executive

1. The Fund Executive is composed of the director, a deputy director, chief accountant and the help department.

The Director of the Fund for the Foundation is appointed by the Minister of Fisheries, as provided by the recommendation of the Fund for the Management of the Fund. The Director of the Executive Authority operates in a specialized mode.

The appointment, the dismissal of the vice-director, the chief accountant and the establishment, dissolved the departments that helped the Fund to run the Fund implemented under the regulation at the Foundation's Charter and Operations.

2. The Director of the Executive Authority has the mandate and powers under the regulation at this Decision, the Organizational Regulation and the Activity of the Fund, the other provisions of the relevant law.

3. The Fund Operations Authority ' s operating budget is charged at the operating costs of the Fund.

What? 10. Performance Performance

The decision came into effect after 15 days, since the day of the announcement.

What? 11. Responsibility for execution

1. The Minister of Fisheries is responsible for organizing and managing the Fund under the rule of law; in coordination with the ministries, the industry, the Provincial People ' s Committee, the Central City of Central, the institutions, the individual in the country and abroad to mobilize the capital resources. The fund.

2. The Minister of Finance, Minister of Planning and Investment is in charge of balance, the initial source of funds to the Fund from the state budget under the decision of the Prime Minister stipulated at 1 Article 6 This Decision; ensuring annual funding, copper. The era of international funding for renewable resources and for the Fund.

3. Ministers, peer-to-peer agencies, government ministers of the Government, Chairman of the Provincial People's Committee, the Central Committee of the Central Committee, are responsible for this decision.