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THE
MINISTRY OF FINANCE
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SOCIALIST
REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No:
92/2000/TT-BTC
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Hanoi,
September 14, 2000
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CIRCULAR
GUIDING THE IMPLEMENTATION OF THE GOVERNMENT’S DECREE No.
166/1999/ND-CP ON THE FINANCIAL REGIMES APPLICABLE TO CREDIT INSTITUTIONS
In furtherance of the Government’s Decree
No.166/1999/ND-CP of November 19, 1999 on the financial regimes applicable to
credit institutions, the Finance Ministry hereby guides a number of contents on
the financial regimes applicable to credit institutions as follows:
Chapter I
GENERAL PROVISIONS
1. This Circular shall apply to the credit
institutions which are established, organized and operate under the Law on
Credit Institutions.
The credit institutions being the policy banks
and people’s credit funds shall comply with a separate guiding circular of the
Finance Ministry.
2. The financial operations of credit
institutions shall comply with the provisions of the Law on Credit
Institutions, the Government’s Decree No.166/1999/ND-CP on the financial
regimes applicable to credit institutions, the specific guidance in this
Circular and other relevant legal documents on financial management.
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Chapter II
SPECIFIC PROVISIONS
I. MANAGEMENT AND USE OF
CAPITAL, PROPERTY
1. Charter capital is the amount of capital
inscribed in the Charter of a credit institution.
2. Net charter capital of a credit institution
prescribed in Article 6 of Decree No.166/1999/ND-CP shall be understood as the
amount of charter capital reflected on the accounting books of the credit
institution.
3. Own capital of a credit institution shall be
prescribed by the State Bank Governor.
4. Credit institutions shall have to monitor
their entire existing property and capital, effect accounting in strict
accordance with the current accounting and statistical regimes; reflect fully,
accurately and promptly the situation on the property and capital use and
changes in their business course, clearly define the responsibility of each
section, each individual for cases of property damage or loss.
5. Credit institutions may use the working
capital in service of business activities as provided for by the Law on Credit
Institutions on the principle that the capital is safely preserved and
developed. Credit institutions may purchase and invest in their fixed assets on
the principle that the remaining value of fixed assets shall not exceed 50% of
their own capital.
6. All property damage caused to credit
institutions must be recorded in minutes defining the extents and causes
thereof as well as the responsibility therefor and shall be handled on the
following principles:
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- The insured property shall be handled
according to insurance contracts.
- The deducted expenditure reserves shall be
used to offset the deficit as provided for at Point 9, Section I, Chapter II of
this Circular.
- The deficit, if any, of the damage value after
being recovered and offset with the above sources shall be made up for by the
financial reserve funds of the credit institutions.
Where a financial reserve fund is not enough for
the offset, the deficit shall be accounted into the expenditures in the period.
7. Lease, mortgage, pledge, sale and liquidation
of assets:
7.1. Lease, mortgage, pledge of assets.
- Credit institutions may lease, mortgage and/or
pledge assets under their respective management and use rights to raise the
utility efficiency and increase incomes but have to strictly adhere to the
law-prescribed orders and procedures.
- The assets belonging to the technologies
related to the professional operation of the entire system prescribed in
Article 13 of Decree No.166/1999/ND-CP are those on list announced by the State
Bank. When leasing, mortgaging and/or pledging such assets, credit institutions
must obtain written consent from the State Bank.
- For the financial leasing property, credit
institutions shall comply with the Governments
regulations on financial leasing activities in Vietnam.
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- Credit institutions may sell assets which are
no longer in use and are technically obsolete in order to recover capital for
more efficient business purpose.
- Credit institutions may liquidate assets of
poor or degenerated quality, irreparably damaged assets, technically obsolete
assets no longer in use or used inefficiently which cannot be sold in status
quo.
- The assets belonging to technologies related
to the professional operation of the entire system prescribed in Articles 14
and 15 of Decree No.166/1999/ND-CP are assets on the list announced by the
State Bank. When selling or liquidating such assets, credit institutions must
obtain the written consent from the State Bank.
- When selling or liquidating assets, credit
institutions shall have to set up councils for the evaluation of the technical
status and value of such assets or hire experts to do such job. For assets
which, as required by law, must be put on auction when they are sold out or
liquidated, credit organizations must organize their auctions, making public
announcements as prescribed by law. If assets are liquidated by mode of
dismantlement or destruction, the liquidation councils must be organized by
decisions of the general directors (directors) of credit institutions.
- The balance between the proceeds from asset
sale or liquidation of the remaining value of the sold or liquidated assets and
the sale or liquidation expenses shall be accounted into the business results
of the credit institutions.
8. For customers’ assets leased, taken as
mortgage, pledge or custody by credit institutions, the credit institutions
shall have to manage, preserve or use them under the agreements reached with
the customers in accordance with the provisions of law.
9. Ensuring capital safety: Ensuring capital
safety is the duty of credit institutions to protect the interests of the
State, the shareholders, the units investing capital in the credit institutions
as well as the interests of money depositors, create conditions for credit
institutions to stably and efficiently develop business, increase income for
laborers and fulfill the obligations toward the State budget.
Credit institutions shall apply measures to
ensure the capital safety as provided for in Article 9 of Decree
No.166/1999/ND-CP of the Government. The deduction for expenditure reserves
shall be made by credit institutions according to the following specific
regulations:
9.1. Regarding reserves for risks in banking
operation, credit institutions shall make deduction and use them according to
the regulations of the State Bank Governor.
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- Objects of reserve making: securities; goods
in stock, including supplies, prints, unsold gold, silver and gems being
jewelry and fine art articles (if any) being held by credit institutions.
- Reserve-making principle: The deductions for
securities and unsold goods price reduction reserves shall be made when the
market prices are lower than the values being accounted in the accounting
books.
Reserve-making conditions: The deductions for
securities and unsold goods price reduction reserves must not result in
business losses for credit institutions (after re-crediting the deduction for
the previous year’s reserves).
1. Method of
making deductions for reserves: Credit institutions shall base themselves on
the situation of price reduction, the actual volume of goods in stock and the
market prices of securities to determine the reserve level according to the
following formula:
The reserve
level for securities and unsold goods
=
The unsold
goods and securities subject to price reduction by Decamber 31.
x
﴾
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-
The actual
market selling price by December 31
﴿
- The actual market selling price by the time of
December 31 is understood as:
+ For unsold goods: The price set by the general
directors (directors) of the credit institutions on the basis of the actual
selling prices of supplies, goods of the same types on the market or on the
basis of the price level set by the State (for supplies and goods with prices
set by the State).
+ For securities: The selling price listed at
the Securities Trading Centers for securities being traded on the securities
market. For unlisted securities, the general directors (directors) of credit
institutions shall determine such price based on the actual market selling
price of the securities of the same type.
- The deductions for reserves must be made
separately for every kind of goods left in stock or securities subject to price
reduction and synthesized in the detailed list of reserves for unsold goods and
securities price reduction to serve as basis for accounting them into the
expenses for the credit institutions’ operation.
- The time for reserve deduction: The reserve
deduction for each kind of unsold goods and securities subject to price
reduction shall be made by the time of closing accounting books (December 31 of
the calendar year) to make the annual financial reports.
- Handling of reserve amounts: The deduction for
reserves aims to offset loss amounts due to the reduction of prices of goods in
stock or investment securities. As the loss amounts resulting from the
reduction or prices of goods in stock or securities are accounted into the
business results, the credit institutions shall have to re-credit all reserve
amounts into their revenues, concretely: At the end of each year, before
closing the accounting books to make their financial reports, the credit
institutions shall have to re-credit all the reserves deducted at the end of
the previous year into the revenues of the current year in order to determine
the business results and at the same time make new reserve deductions for the
following year according to the current regulations.
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1. Management of turnover:
1.1. A credit institution’s turnover shall
include the revenues prescribed in Article 16 of the Government’s Decree
No.166/1999/ND-CP of November 19, 1999 as follows:
a) Revenue from professional operation: Loan and
deposit interests, earnings from financial leasing operations, payment
services, treasury services, discount operations, guarantee and other services
relating to banking operation.
b) Revenue from other activities: Profits from
capital contributions, stock purchases; participation in the monetary market;
trading in gold, silver and foreign currencies; entrusted agency operations;
insurance service; consultancy services; debts buying and selling operations
among credit institutions; financial leasing and other services;
c) Revenue from re-crediting expenditure
reserves deducted previously; revenue from capital amounts already handled with
risk reserves; proceeds from the sale and liquidation of fixed assets; exchange
rate difference under the provisions of law.
d) Other revenues
1.2. Principles for determining turnover:
a) Turnover from lending activities, interests
on deposits, from financial leasing operations is the interest amount to be
collected in the period, determined according to the following principles:
- Credit institutions account the interest
amount to be collected from undue debts into their incomes. For the interest
amount to be collected from overdue debts which shall not be accounted into the
incomes, the credit institutions shall make extra-sheet follow-up in order to
urge the collection thereof and account them into the operational incomes when
they are collected.
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b) For the revenues from capital contribution to
joint ventures, cooperation, from stock purchases, the arising turnover is the
revenue in the year.
c) For the revenues from the other activities:
The turnover is the entire amount of money earned from goods and service sale
after subtracting (-) the amounts of sale price reduction, the returned sold
goods (if accompanied with valid vouchers, which is agreed for payment by
customers regardless of whether the money has been already collected or not yet
collected.
1.3. Credit institutions may exempt and reduce
interests for customers according to the provisions of the Law on Credit
Institutions and the guidance of the State Bank. Credit institutions must work
out regulations on interest exemption and reduction and publicly announce them
to the customers. Chairmen of the Managing Boards and the general directors
(directors) of the credit institutions must take responsibility for the
interest exemption and reduction amounts of the credit institutions.
1.4. Credit institutions’ revenues arising in
the period must be enclosed with valid invoices or vouchers and be accounted
fully into their turnover.
2. Management of expenditures: A credit
institution’s expenditure is the amount to be spent in the period for business and
other activities as provided for in Article 17 of Decree No.166/1999/ND-CP of
November 19, 1999 of the Government, a number of expenses to be made by the
credit institution under the following guidance:
2.1. Business operation expenses:
a) Expense for payment of deposit interest, loan
interest.
b) Fixed asset depreciation expense for business
operation according to the current regulations on the management, use and
depreciation of fixed assets.
c) Expense for payment of wages and allowances
of wage nature according to the provisions of the Government’s Decree
No.166/1999/ND-CP of November 19, 1999.
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e) Expense for services bought from the outside:
- Expenses for repair of fixed assets hired from
the outside, transportation, electricity, water, telephone, materials, prints,
stationery, work tools, fire-fighting devices, consultancy, auditing, property
insurance premium, commissions for brokerage agency, consignment and other
services.
- The above expenses must be evidenced with
valid receipts or vouchers as provided for by the Finance Ministry.
- The expense for repair of fixed assets in
order to restore their capacities may be accounted directly or distributed
gradually into the business expenditure in the year. For particular fixed
assets with the expense for their repair arising unevenly between periods and
years, if credit institutions wish to incorporate in advance into the business
expenditure, they must work out plans for advance deduction of expenses for
fixed asset repair and report them to the Finance Ministry for consideration
and decision. After obtaining the written approval from the Finance Ministry,
the credit institutions shall have to notify such to the tax offices which
directly manage them. The credit institutions must settle the actual repair
expenses against the repair expenses deducted in advance; if the actual repair
expense is larger than the deducted amount, the difference shall be accounted
directly or distributed gradually into the expenses in the period; if the
actual repair expense is smaller than the deducted amount, the difference shall
be accounted into the income in the period.
- Expense for renting property shall be
accounted into the business expenditure with the amount of money paid in the
year, based on the property renting contracts. Where the property rent is paid
in lump sum for many years, the rent shall be distributed gradually into the
business expenditure according to the number of years using the property.
- Expenses for payment of agency or consignment
commissions must be reflected in the agency or consignment contracts and shall
only be accounted according to the spending amounts evidenced with valid
vouchers.
- Expenses for brokerage commission:
+ The payment of brokerage commission by credit
institutions must be associated with the economic efficiency brought about by
the brokerage. The credit institutions shall base themselves on the Finance
Ministry’s documents guiding the brokerage commission payment, their own
conditions and specific characteristics to work out the regulations on
brokerage commission payment for uniform and open application within the credit
institutions. The Managing Boards of the credit institutions shall approve the
above-said regulations for application within their respective units.
+ Basing themselves on the approved regulations
as well as on each specific brokerage work arising in the operation, the
general directors (directors) of the credit institutions shall decide the
payment of commission for each brokerage activity.
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+ The brokerage commission shall not be paid to
subjects being agents of the credit institutions, designated customers,
managerial officials and employees of the credit institutions.
+ The brokerage commission payment must be based
on the contracts or written certifications between the credit institutions and
the commission recipients, which must contain the principal details: The name
of the commission recipient; the spending content; the expense level; mode of
payment; the time for performance and termination; liabilities of the parties.
+ With regard to the expense for property
sublease brokerage commission (including property seized as guarantee for debt
payment, debt- offsetting property): The level of expense for property sublease
brokerage of a credit institution shall not exceed 3% of the money amount
earned from the property lease in the year.
+ With regard to the expense for mortgaged,
pledged property sale brokerage: The level of commission expense for the
mortgaged, pledged property sale brokerage of a credit institution shall not
exceed 1% of the actual value of the proceed from the sale of the property
through brokerage, the brokerage expense for the sale of a property shall not
exceed VND 20 million.
f) The expenses for payable taxes, charges and
land rental related to business operation (excluding the enterprise income
tax), including trade license tax, land use levy or lend rent, natural resource
tax, bridge and ferry toll, airport fee, other taxes and fees.
g) Other expenses
- Expenses for advertisements, marketing, sale
promotion, guest reception, festive occasions, public relations, conferences
and other expenses must be evidenced with receipts or vouchers as provided for
by the Finance Ministry, be closely associated with the business results. The
expense level shall not exceed 7% of the total expenditure in the first two
years for newly established credit institutions, and shall not exceed 5% of the
total expenditure afterwards.
- Expense for labor protection for subjects who
need labor safety devices while working and expense for uniforms of personnel
working in the credit institutions as prescribed.
- Payment of severance allowances to laborers
under the Government’s Decree No.198/CP of December 31, 1995 detailing and
guiding the implementation of a number of articles of the Labor Code on labor
contracts and other current legal documents of the State.
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- Expense for mid-shift meals for laborers,
which shall be prescribed by the credit institutions suited to their business
efficiency, but the annual expense level in the year for each person shall not
exceed the minimum wage level prescribed by the State for State employees.
- Payment of membership fees to domestic
professional associations which the credit institutions have joined, which have
been set by the associations and approved by the Finance Ministry. For the
participation in foreign professional associations, the credit institutions may
account into their expenditures the membership fees prescribed by foreign
professional associations.
- Deduction for setting up reserves in the
operations of credit institutions as provided for in Article 9, Section I,
Chapter II of this circular.
- Expense for participation in the deposit
insurance organizations under the provisions of law.
- Credit institutions may spend on rewarding
inventions and innovations, the saving of materials according to the actual efficiency
brought about by the inventions, innovations or materials savings. The Managing
Boards of credit institutions must draw up and publicize regulations on rewards
within the credit institutions.
- Credit institutions are entitled to account
expenses for scientific research and technological renewal research, which aim
to raise their business efficiency. The research topics and expenditure
estimate for each of them must be approved by the Managing Boards and the
credit institutions shall bear responsibility for the efficiency of their own
topics.
- The expenses for schools, classes, training
and fostering to raise the professional skills and managerial capabilities
shall only be accounted into the expenses for subjects being officials and
employees of the credit institutions. The credit institutions may account into
their expenditures the difference after subtracting the amounts of financial
support from the State budget (if any). The maximum expense level shall not
exceed 1.3 times the public-service expense limit prescribed for the above
subjects by the State.
- Financial support for educational
organizations set up under the State’s regulations (if any) such as educational
promotion funds, schools for disabled children or abandoned pupils: The general
directors (directors) of credit institutions shall base themselves on the
prescribed regimes and financial capabilities to decide the support levels and
take responsibility therefor.
- Expense for security of the offices
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- Expense for environmental protection. If the
expense amount in the year is large and exerts effect for many years, it shall
be distributed to the subsequent years.
- Expense for payment of fine due to breach of
economic contracts.
2.2. Expense for other activities
a) Expense for activities of trading in foreign
currencies, gold and silver.
b) Expense for activities of purchasing and
selling shares, bonds, credit bills.
c) Expense for property leasing activities.
d) Expense for sale and liquidation of fixed
assets (including the remaining value of the fixed assets after the liquidation
and sale).
e) Expense for activities of joint venture,
partnership, capital contribution, stock purchase.
f) Expense for debt buying and selling operation
among credit institutions.
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- Credit institutions are entitled to pay the
organizations with legal person status which have contributed to the recovery
of forgiven debts and/or bad debts for them, based on the latters contributed efforts and efficiency
brought about by such organizations.
- Credit institutions work out regulations on
expenses for recovery of forgiven debts, overdue bad debts and submit them to
the Managing Boards for approval then publicize these regulations. The general
directors (directors) of the credit institutions shall be responsible for such
expenses.
- The expense level for organizations with legal
person status, which have contributed to the recovery of forgiven debts and/or
overdue bad debts in the year for the credit institutions shall not exceed 2%
of the recovered debt amounts. The maximum level of expense for the recovery of
a debt shall not exceed VND 50 million.
h) The remaining property loss after they are
offset with the sources prescribed in Article 6, Section I, Chapter II of this
Circular.
i) Expense for the Party organizations and mass
organizations in the credit institutions shall be taken from the funding
sources of such organizations; if their funding sources are not enough, the
deficit shall be accounted into the expenditures of the credit institutions.
k) Other reasonable and valid expenses.
Particularly for branches of foreign banks, they
may account them into the business management expenditures allocated by their
head offices to the Vietnam-based branches according to the ratio between the
turnover of the Vietnam-based branches and the turnover of the head offices as
provided for by law.
2.3. Credit institutions are not allowed to
account into their expenditures the following:
- Amounts of fine due to the violations of such
laws as traffic law, tax laws, environment law, labor law, the violations of
regimes on reporting and statistics, financial accounting and other
legislation. If the violations were committed by collectives or individuals,
the violating subjects shall have to pay the fines. Besides the above-said
compensations, the remaining amounts of fine shall be taken from after-tax
profit.
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- Expense for overseas working trips in excess
of the limits prescribed by the State for State employees and officials of
State enterprises when traveling overseas on working missions.
- Expenses covered by other funding sources such
as public-service expenses provided by the State budget, the superior bodies or
other organizations; payment of loan capital for investment in capital
construction in the period when the project is not yet completed; such interest
amounts shall be accounted into the expense for investment in capital
construction.
- Other unreasonable expenses.
3. Credit institutions with economic activities
arising in foreign currencies shall have to convert such foreign currencies
into Vietnam dong under the guidance of the Finance Ministry.
III. PROFIT DISTRIBUTION AND
DEDUCTION FOR SETTING UP FUNDS
The distribution of profits, the deduction for setting
up funds and the use thereof, by credit institutions shall comply with the
provisions in Articles 21, 22, 23 and 24 of the Government’s Decree
No.166/1999/ND-CP of November 19, 1999.
IV. THE REGIMES OF
ACCOUNTING, STATISTICS, AUDITING, REPORTING AND FINANCIAL PUBLICITY
1. Credit institutions effect the accounting and
statistical regimes as prescribed by law, making full entries of initial
vouchers, updating accounting books and reflecting fully, promptly, truthfully,
accurately and objectively the economic and financial activities.
2. The fiscal year of the credit institutions
commences on January 1st and ends on December 31st of the calendar year.
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3.1. Contents of a financial report
a) Reporting on the financial plan. Credit
institutions draw up annual financial plans, including:
- The plan on capital sources and use.
- The plan for revenue, expenditure, business
results and quota of remittance into the State budget.
- The plan for labor and wages.
b) The financial reports: Credit institutions
shall have to draw up and fully send the following financial reports:
- The balance sheet of grade III accounts of the
credit institutions, including extra-sheet accounts.
- The asset statement (the financial balance
sheet) of the credit institutions.
- The explanation of the financial report with a
number of contents:
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+ The business results, the situation of State
budget collection and remittance;
+ The labor and wage situation of the credit
institution;
+ The situation of capital increase, decrease,
change and use;
+ The situation of overdue debts, bad debts,
irrecoverable debts, the situation of existing mortgaged assets;
- The report on independent financial auditing.
3.2. The chairmen of the Managing Boards and the
general directors (directors) of the credit institutions shall take
responsibility for the accuracy and truthfulness of these reports.
3.3. Deadlines for sending financial reports
a) Deadline for sending the financial plans:
The financial plans worked out by the credit
institutions must be examined and approved by the Managing Boards and sent to
the financial bodies before November 15 of the year preceding the plan year.
Besides, the State-run credit institutions shall work out the plans on wage
unit price, on State budget collection and remittance according to the
provisions of the State Budget Law and other law provisions.
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- The quarterly report shall be sent within 45
days at most after the end of the quarter.
- The annual report shall be sent within 60 days
at most after the end of the fiscal year.
- The report on the results of auditing the financial
report of the credit institution by an independent auditing organization shall
be sent to the State financial body and the State Bank within 15 days at most
after the auditing results are available.
3.4. Recipients of reports
Credit institutions shall forward their
financial plans, financial reports to the Finance Ministry, the tax offices
that directly manage them, the statistical offices and the State Bank.
4. Financial publicity by credit
institutions. The credit institutions shall effect the financial publicity
regime according to the following regulations:
4.1. Form of publicity
a) Publicity to the State:
Quarterly and annually, the credit institutions
shall have to make and send the financial reports to the State management
bodies defined at Point 3, Section IV, Chapter II above. The Managing Boards
and the general directors (directors) of the credit institutions shall have to
explain the relevant financial matters at the requests of the State management
bodies when the latter perform the State management functions as stipulated by
the Government.
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- At the end of the fiscal year, the Managing
Boards or the general directors (directors) of the credit institutions shall
have to make public the financial situation of their units. The publicity
contents shall include:
+ The capital source situation: State capital,
capital of shareholders, funds, mobilized capital, payable debts….
+ The capital use situation: Fixed assets, loan
debit balance…
+ The revenue and expenditure situation:
Turnovers, expenses for business activities, business results, State budget
collection and remittance, payment of social insurance premiums, medical
insurance premiums, trade union fees.
+ The situation on labor and income of officials
and employees in the credit institutions, the application of measures to
practice thrift, combat wastefulness and corruption in the credit institutions.
- The Managing Boards, the general directors
(directors) shall coordinate with the trade union organizations to opt for form
of publicity suitable to each subject receiving the information; the financial
publicity may be effected at the employees’ congress, in meetings of the credit
institutions, at meeting of trade union organizations and socio-political
organizations in the credit institutions or through written notices to
officials and employees in the credit institutions.
c) Publicity outside the credit institutions so
that investors and customers have foundations to decide on economic relations
and transactions with the credit institutions.
The contents need to be made public shall
include the charter capital actually available at the time of publicity,
payable debts, structure of capital sources and the use of capital, business
results of the credit institutions. Besides, the credit institutions shall have
to satisfy the other requirements depending on their ties with creditors,
investors and customers.
4.2. The time for making financial publicity:
120 days after the end of the year the credit institutions have to make public
their own financial situation to the above-said subjects.
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The credit institutions shall have to organize
internal auditing of their financial reports in accordance with the provisions
of the Law on Credit Institutions.
Within 30 days at most before the end of the
fiscal year, the credit institutions shall have to choose an independent
auditing organization operating lawfully in Vietnam to audit the financial
reports.
V. EXAMINATION, FINANCIAL
INSPECTION AND HANDLING OF VIOLATIONS COMMITTED BY CREDIT INSTITUTIONS
1. Credit institutions shall take
self-responsibility for the accuracy and truthfulness of their financial
reports. The financial bodies shall have to inspect the observance of the
financial regimes by the credit institutions. The financial inspection shall be
conducted in the following forms:
- Periodical or unexpected financial inspection.
- Specialized topic inspection according to the
requirement of the financial management work.
2. Handling of violations:
- Credit institutions violating the financial
regimes of the State shall be sanctioned according to the provisions of law.
- Where a credit institution fails to comply or
have complied not fully with the regulations on financial report regime
mentioned at Point 3, Section IV, Chapter II of this circular, it shall be
sanctioned according to the provisions of the Government’s Decree
No.49/1999/ND-CP of July 8, 1999 on administrative sanctions in the field of
accounting.
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ORGANIZATION OF
IMPLEMENTATION
- This Circular takes effect 15 days after its
signing. The previous regulations on financial management applicable to credit institutions,
which are contrary to this Circular, shall all be annulled.
- Basing themselves on the guidance on the
financial regimes applicable to the credit institutions in this circular, the
legal documents on the State’s financial regimes, the credit institutions shall
draw up their own financial regulations and submit them to their Managing
Boards for approval, which shall serve as basis for implementation. The
State-run credit institutions (State-run commercial banks) shall guide and draw
up financial regulations within the system, report them to the Finance Ministry
for approval before their implementation.
- Any problems arising in the course of
implementation should be reported to the Finance Ministry for study,
consideration and settlement.
FOR THE FINANCE MINISTER
VICE MINISTER
Le Thi Bang Tam
NOTES TO THE
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Quarter----------Year--------
(issued in conjunction with
Circular No. --------------date------of the Ministry of Finance)
I. CHARACTERISTICS OF CREDIT
INSTITUTION ACTIVITY
1. Lisience of Establishment and
Business Registration, term of validity.
2. Type of capital ownership.
3. Member of the Board of
Director (Name, position of each person)
4. Member of the Management
(Name, position of each person)
5. Head office at-----; number
of branches, number of subsidiaries:--------
6. Total of officers, workers.
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1. Increase, decrease of fixed
assets
Items
Land
Building,
architectural part
Machine,
equipment
Means
of transport
Other
Total
1. Original cost of fixed
assets
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-Opening balance
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- Increase in the period
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New purchases
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New construction
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- Decrease in period
Including:
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Liquidation
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Assignment, sale
- Closing balance
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2. Accumulated depreciation
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- Increase in the period
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- Decrease in the period
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- Closing balance
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3. Residual value
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- Opening balance
- Closing balance
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2. Report on income, expenditure
of credit institutions
Items
Opening
balance
Change
in the period
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Debit
Credit
1
2
3
4
5
A. Income
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I. Income from credit
activities
1. Income from lending
interest
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2. Income from guarantee
operation
3. Other income from credit
activities
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II. Income from payment and
treasury service
1. Income from deposit interest
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2. Income from payment service
3. Income from treasury
service
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III. Income from other
activities
1. Income from capital
contribution, shares acquisition.
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2. Income from activities in
the money market
3. Income from foreign
currency business
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4. Income from trust and agent
activities
5. Income from other
activities
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6. Income from other sources.
B. Expenditure
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I. Expenditure on funds
mobilisation
1. Payment of deposit
interests
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2. Payment of lending
interests
3. Payment of interests of
issued valuable paper.
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4. Other expenditure
II. Expenditure on payment and
treasury service
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1. Expenditure on payment
service
2. Payment of telecommunication
fee
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3. Expenditure on treasury
service
4. Expenditure on other
service
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III. Other expenditure
1. Expenditure on the money
market participation
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2. Expenditure on foreign
currency business
IV. Expenditure on assets
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1. Depreciation of fixed
assets
2. Maintenance and repair of
assets
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3. Working tools
4. Payment of asset insurance
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5. Payment of asset lease fee
V. Expenditure on employment
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1. Expenditure on salary and
salary allowances
2. Other expenditure
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VI. Payment of taxes and fees
1. Payment of taxes
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2. Payment of fees
VII. Expenditure on management
and administrative activities
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1. Payment of material and
printing paper
2. Business travel expense
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3. Expenditure on training
4. Expenditure on R/D of
technology, innovation
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5. Expenditure on post and
telephone
6. Expenditure on commission fee
for assets re-lease, disposal of pledged assets, debt recovery.
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7. Expenditure on
advertisement, marketing, promotion, public relation, meeting and other.
VIII. Expenditure for
provision and deposit insurance
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1. Expenditure for provision
2. Expenditure for deposit
insurance
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IX. Other expenditure
3. Staff income
Items
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Actual
Actual
performance to plan (in percentage)
I. Total number of officers,
workers
II. Staff income
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1. Total salary fund
2. Bonus
3. Total income (1+2)
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4. Average salary
5. Average income
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To be reported by credit
institutions on the annual basis.
4. Performance of obligations to
the State Budget
Items
Code
Amounts
payable at the beginning of the period
Change
in the period
Accumulated
from beginning of the year
Amounts
payable at the ending of the period
Amount
to be paid
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Amounts
to be paid
Amounts
paid
I. Tax
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1. VAT
2. Excise tax
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3.Import-export taxes
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4. Income tax
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5. Tax on the use of the State
Budget capital
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6. Natural resource taxes
(royalty)
7. land and housing taxes
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8. Land rental
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9. Other taxes
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II.Other obligations
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1. Supplemental contribution
2. Fees
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3. Other obligations
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To be prepare by credit
institutions in accordance with current guidelines of the Ministry of Finance
and the Tax authority.
5. Overdue debts of credit
institutions
Items
Opening
balance
Change
in the period
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Increase
Decrease
I. Total outstanding debts
II. Overdue debts
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1. Overdue debt under 180 days
2. Overdue debt from 181 days
to 360 days
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3. Debt difficult to recover
III. Overdue debts with
secured assets
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IV. Overdue debt ratio
6. Increase, decrease of the source
of funds and the use of funds
Items
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Change
in the period
Closing
balance
Increase
Decrease
1
2
3
4
5
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I. Funds Mobilisation
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1.1 In VND
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+ Demand deposits
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+ Time deposit with term from
12 months onwards.
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+ Non-term savings
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+ Savings with term from 12
months onwards.
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1.2. In foreign currency
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+ Demand deposits
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+ Time deposits with term from
12 months onwards.
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+ Non-term saving
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+ Savings with term from 12
months onwards.
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2. Borrowing
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2.2. Borrowing from domestic
credit institutions
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2.4. Funds received for
co-financing
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3.1. Short-term (under 12
months)
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II. Funds entrusted for
investments
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2. In foreign currency
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1. Capital of credit
institution
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1.2.Funds for investment in
infrastructure
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2. Funds of credit institution
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2.2. Business development fund
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2.4. Other funds
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I. Cash and valuable papers
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2. Cash in foreign currency, valuable
paper documents denominated in foreign currency.
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II. Deposits
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1.1. Deposits in VND
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2. Deposits at domestic credit
institutions
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2.2. Deposits in foreign
currency
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III. Investment in securities
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2. Investment in foreign
securities
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IV. Joint-venture
participation
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2. In foreign currency
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1. Lending to domestic credit
institutions
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1.2. Lending in foreign
currency
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2.1. Lending in VND
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b) Medium, long - term lending
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a) Short-term lending
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3. Discount operation,
mortgage of valuable papers
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3.2. Mortgage of valuable
papers
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4.1. Leasing in VND
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4.3. Investment in equipment
used for finance leasing
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5.1. Payment in lieu of
customers in VND
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6. Lending with funds
entrusted.
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6.2. In foreign currency
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8. Other lending
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8.2. Lending for debts
settlement
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8.4. Other lending
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10. Debts frozen
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Original cost of assets
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Date:
--------
PREPARED
BY
CHIEF
ACCOUNTANT
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[1] / This is the word by word
translation from the Vietnamese version. It seems controversy since the
“compensation” is not mentioned anywhere in this paragraph. The payment of the
fine by the collective or an individual may, therefore, be understood as
“compensation”?