Functions and Responsibilities
Responsibilities of Vietnam Environment Protection Fund (VEPF)

  • Receiving capital sources follow regulations to make as the operation funds of VEPF.

  • Finacial support for programs, projects, natural conservation and bio-diversity operations, prevention and control pollution of national inter-disciplinary and inter-region pollutions, depression and settlement of local environmental problems but having sphere of large influence in the following forms:

Soft-loans:

  • Capital loan interest support, capital loan guarantee for the environmental projects funded by credit organizations in accordance with the law.

  • Funding for setting up and developing capital raise projects of the VEPF for implementation of objectives and operations of overcoming environmental pollution, coping with and overcoming consequences caused by environmental disasters; for programs, plans and projects in accordance with Decision of the Prime Minister; for organization of environmental awards, commendation and reward to respect the symbolic and progressive organizations or individuals as stipulated by Minister of MONRE; for environment protection projects, objectives as stipulated in organization and operation Regulations of VEPF.

  • Co-sponsoring and soft-loans for the environmental projects that are conforming with criteria and functions of VEPF with financial organizations at home and abroad, Global Environment Fund (GEF), foreign environmental Funds, profession and local environment Funds designed for environmental protection funds as stipulated by the law.

  • To organize appraisal and approval of level, period and funding method for the environmental protection projects and objectives using investment assistance source of capital from Vietnam's Environmental Protection Fund, in accordance with organization and operation Regulations of Vietnam's Environmental Protection Fund.

  • To use unemployed funds without origin from the State budget and upon agreement of the funding organizations and individuals to purchase the public bond in compliance with the law.

  • To organize registration, monitoring and management of Certified greenhouse gas Emission Reduction certificates (hereinafter referred to CERs); to organize registration of receiving, dividing and selling CERs with CERs owners or CERs receivers; to collect CERs sale charges to cover expenses of charges collection; to spend on support of dissemination and propaganda operations of Clean Development Mechanism (hereinafter referred to CDM); to establish, set up, appraise and approve investment project documents in compliance with Clean Development Mechanism (hereinafter referred to CDM project); to manage and monitor implementation of CDM project and other CDM concerned purposes in compliance with the law, conducting price support for products of CDM project as stipulated by the law.

  • To take deposit for environmental rehabilitation in minerals exploitation with organizations and individuals which are permitted to exploit minerals.

  • To participate in financial coordination and management of the key environmental projection programs and projects that are assigned by Minister of MONRE and decision of the competent authorities.

  • To carry out other duties to be assigned by Minister of MONRE.

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