Decree No. 94/2014/ND-CP on the setting up and management of natural disaster prevention and control funds.

This Decree, consisting of 17 articles divided into five Chapters, provides for the setting up; contributors and contribution levels; and management and use of natural disaster prevention and control funds. This Decree applies to Vietnamese agencies, organizations, households and individuals; foreign organizations and individuals and international organizations that currently reside or operate or are engaged in natural disaster prevention and control in Vietnam. The principles of funds are: Funds shall be managed and used in a timely, public, transparent, equal and effective manner for proper purposes. The Funds shall operate for not-for-profit purposes and be set up at the provincial level and managed by provincial-level People's Committees. The year-end balance of funds may be carried forward to the subsequent year. Chairpersons of provincial-level People's Committees shall decide on the setting up of fund management agencies. Fund management agencies shall be located at provincial level Agricultural and Rural Development Departments, have seals and may open accounts at state treasuries. Directors of funds shall be appointed, relieved from duty or dismissed by chairpersons of provincial-level People's Committees.