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THE STATE BANK OF VIETNAM
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SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
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No.
69/2003/QD-NHNN
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Hanoi, January 22, 2003
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DECISION
ON
THE SUPPLEMENT OF SEVERAL ACCOUNTS INTO ACCOUNTING SYSTEM OF CREDIT
INSTITUTIONS
THE GOVERNOR OF THE STATE BANK
- Pursuant to the Law on Credit Institutions No. 02/1997/QH10 dated 12
December, 1997;
- Pursuant to the Decree No. 86/2002/ND-CP dated 05 November, 2002 of the
Government on function, assignment, authority and organization’s structure of
Ministries and ministerial level agencies;
- Upon the proposal of the Director of Finance – Accounting Department of the
State Bank of Vietnam,
DECIDES
Article 1. To supplement several accounts into accounting system of
credit institutions issued in conjunction with the Decision No.
435/1998/QD-NHNN2 dated 25 December, 1998 of the Governor of the State Bank as
follows:
1/ To supplement into account 12, account of level II 125 “Lending in
foreign currency to foreign countries”, in which there are following accounts
of level III:
1251 – Current debts and debts
rescheduled
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1253 - Recoverable debts overdue
from 181 days to 360 days
1258 – Debts difficult to
recover
These accounts shall be only
opened at credit institutions, which are permitted by the Governor of the State
bank to lend in foreign currency to foreign credit institutions which are
operating outside Vietnamese territory and Vietnamese credit institutions which
are operating outside Vietnamese territory with the term from 12 months upward
(hereinafter referred to as credit institution in foreign countries).
Debit: - The value of foreign
currency lent to credit institution in foreign countries.
Credit: - The value of foreign
currency repaid by credit institutions in foreign countries.
Debit balance: reflects the
value of remaining debt in foreign currency of credit institutions in foreign
countries.
Detailed accounting:
- To open detailed accounts for
each credit institution in foreign countries that borrow foreign currency.
2. To supplement into account 127 “Accrued interests expected to
collect” following account of level III:
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This account is used to account
the accrued interests expected to collect counted on foreign currency amounts
in foreign countries lent to credit institution that credit institutions will
receive at maturity
Debit: Accrued interests
expected to collect.
Credit: Interest amounts, which
are paid by credit institutions in foreign countries.
Interests at maturity that credit
institution has not yet received and they shall be transferred into irrecovered
interests in accordance with applicable provisions.
Debit balance: reflects the
accrued interests expected to collect prior to the due date.
Detailed accounting:
- To open detailed accounts for
each borrowing credit institution in foreign countries
3/ To supplement into account 128 – Provisions for receivables
difficult to collect
This account reflects the
setting up of provisions and use of provisions to dispose receivables difficult
to collect (overdue debts, debts difficult to collect) arising from lending to
credit institution in foreign countries.
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Debit: Receivable debts
difficult to collect, which can not be , shall be dealt with in accordance with
provisions.
- To transfer differences to
prepared provisions for receivables difficult to collect but not being used and
remain at the end of financial year, which are larger than the provisions which
shall be made for following financial year.
Credit balance: reflects the
provisions for current receivables difficult to collect.
Detailed accounting:
- To open 01 detailed account.
Article 2. This Decision shall be effective from the date of signing.
Article 3. The Head of the Administrative Department, the Director
of the Finance and Accounting Department, General Managers of State Bank’s
branches in provinces, cities under the central Government’s management,
Chairpersons of the Board of Directors and General Directors (Directors) of
credit institutions shall be responsible for the implementation of this
Decision.
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