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The Prime Minister      The Socialist Republic of Vietnam
   No.761/TTG             Independence-freedom-Happiness.
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                             Hanoi, December 16th, 1994.

DECISION Of THE PRIME MINISTER ADJUSTING THE RATE Of DEDUCTION fROM REVENUE COLLECTION fROM THE GRANTING Of THE RIGHT TO USE LAND AND fROM THE SALE Of STATE-OWNED DWELLING HOUSES IN 1994.

THE PRIME MINISTER

In order to encourage the provinces and cities to strive to fulfill and over fulfill the 1994 plan on the collection of revenue from the granting of the right to use land and from the sale of State-owned dwelling houses; to create conditions for the local ities to have investment capital for the construction of infrastructure facilities according to the plan already approved, and to maintain and promote the housing fund;

At the proposal of the Minister of finance and the Presidents of the People's Committees at the provinces and cities directly under the Central Government,

Article 1.

- To set aside for the local budget 70% of the money collected from the granting of the right to use land and 100% of the money collected from the sale of State-owned houses under local management and to remit the rest to the State budget in 1994. This mo ney can be used only for the purpose of building infrastructure facilities and promoting the housing fund, not for any other purpose.

Article 2.

- This Decision is effective for fiscal year 1994 and replaces the stipulations at Points (b) and (c), Article 2, of Decision No.398-TTg on the 4th of August 1994. The Minister of finance shall guide the implementation of this Decision.

Article 3.

- The Ministers, the Heads of ministerial-level agencies, the Heads of the agencies attached to the Government, the Presidents of the People's Committees at the provinces and cities directly under the Central Government shall have to implement this Decisi on.

for the Prime Minister
Deputy Prime Minister
PHAN VAN KHAI