Vietnam: Expenditures on compensation, support and resettlement

According to Circular No. 74/2015/TT-BTC of the Ministry of Finance of Vietnam, expenditures on compensation, support and resettlement shall be budgeted for the followings:

- Disseminating policies and regulations on compensation, support and resettlement due to the Government's land expropriation; influencing relevant entities to comply with the decision on land expropriation;

- Auditing, evaluating an actual amount of land and attached property susceptible to any possible loss or damage, including handing out declaration forms, instructing petitioners to complete such declaration forms, measuring the land size, keeping a tally of the amount and value of houses, structures, plants, domestic animals and other property susceptible to any possible damage or loss caused by the Government’s expropriation of land owned by each organization, household and individual; checking and comparing information provided in the declaration form with the result of audit and determination of level of loss or damage suffered by specific petitioners; calculating the diminished value of land, house, structure, plant, domestic animal and other property;

- Determining the land price, including hiring consultants to determine the land price and coefficient of land composition price adjustment (if required), assessing the specific land price; determining the price of property associated with land, all of which shall serve the purpose of expropriating land, arranging compensation, support and resettlement due to the Government's land expropriation;

- Formulating, approving and publicly announcing the plan for compensation, support and resettlement phased from the compensation factor calculation to the grant of approval for the compensation plan and public announcement of such compensation plan;

- Assessing the plan for compensation, support and resettlement;

- Examining, providing instructions on implementation of compensation policies, dealing with any difficulty that may arise from the compensation activity, and organizing the payment of compensation;

- Renting work office and equipment provided for the compensating organization and assessment agency (if required);

- Printing and copying materials, and purchasing stationery and office supplies, and paying petrol costs;

- Hiring employees charged with working on compensation, support and resettlement (if required);

- Meeting other expenditures directly related to implementation of compensation, support and resettlement.

View more details at Circular No. 74/2015/TT-BTC of the Ministry of Finance of Vietnam, effective from July 01, 2015.

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