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MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
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No. 157/2025/TT-BTC
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Hanoi, December 31, 2025
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CIRCULAR
GUIDELINES FOR REGISTRATION AND
USE OF ACCOUNTS AT VIETNAM STATE TREASURY
Pursuant
to the Government's Decree No. 163/2016/ND-CP dated December 21, 2016 on
guidelines for the Law on State Budget;
Pursuant
to the Government's Decree No. 174/2016/ND-CP dated December 30, 2016 on
guidelines for the Accounting Law applicable to state accounting;
Pursuant
to the Government's Decree No. 24/2016/ND-CP dated April 5, 2016 on the regime
of state fund management, amended by the Government’s Decree No. 14/2025/ND-CP
dated January 24, 2025;
Pursuant
to the Government's Decree No. 29/2025/ND-CP dated February 24, 2025 on
functions, tasks, powers and organizational structure of the Ministry of
Finance, amended by the Government’s Decree No. 166/2025/ND-CP dated June 30,
2025;
Pursuant
to the Government's Decree No. 120/2016/ND-CP dated August 23, 2016 on
guidelines for the Law on Fees and Charges, amended by the Government’s Decree
No. 82/2023/ND-CP dated November 28, 2023;
Pursuant
to the Government's Decree No. 60/2021/ND-CP dated June 21, 2021 on financial
autonomy of public administrative units, amended by the Government’s Decree No.
111/2025/ND-CP dated May 22, 2025;
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Pursuant
to the Government's Decree No. 347/2025/ND-CP dated December 29, 2025 on
administrative procedures for state treasury;
At the
request of the General Director of the State Treasury;
The Minister
of Finance promulgates a Circular on guidelines for registration and use of
accounts at the Vietnam State Treasury (VST).
Chapter I
GENERAL
PROVISIONS
Article 1. Scope
This
Circular provides guidelines for registration and use of accounts; freezing and
closing accounts; comparison and confirmation of account balances; deposit
interests and service fees for entities that register and use accounts at
Vietnam State Treasury (VST).
Article 2. Regulated entities
1.
Entities that register and use accounts at VST, including:
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- Budget
units (tasked to monitor the allocation estimate of level 0; expenditures and
revenues transferred between levels of state budget) and level-1 or
intermediate budget estimate units that allocate budget estimates to
budget-using units (VST shall enter and approve budget journal entries on
TABMIS from level-1 or intermediate budget estimate units to budget-using
units);"
-
Investors having capital projects funded by levels of state budget;
- Project
management boards that are tasked to manage capital projects, are juridical
persons and are permitted to register and use accounts at VST stated in their
establishment decisions or certain documents issued by competent authorities;
-
Off-budget state financial funds;
-
Agencies, units and organizations permitted by state authorities to collect
fees, charges, administrative fines or conduct confiscation as prescribed;
- Budget
collectors;
- Units
tasked to inspect, examine, and audit the management and use of the state
budget;
- Other
agencies, units, organizations and individuals that register and use accounts
at VST as prescribed by law.
2. Units
under the VST system.
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1. An
applicant may register and use an account at VST in the administrative division
where it is headquartered or VST that is convenient for its transactions. If
the applicant changes VST, it shall close its account at VST where it conducts
transactions, except for a checking account of state budget.
2. Prime
contractors, subcontractors, units and organizations in charge of compensation,
support, and relocation may register and use deposit accounts at VST units to
receive payments from units and project management boards at the request of
competent authorities.
3.
Procedures for registering use of accounts and specimen seals, signatures,
additionally registering accounts, changing legal documents, specimen seals,
signatures of agencies, units, organizations and individuals at VST; procedures
for closing accounts of agencies, units, organizations and individuals at VST;
procedures for verifying and confirming agencies, units, organizations and
individuals’ account balances at VST shall comply with regulations in the
Government’s Decree No. 347/2025/ND-CP dated December 29, 2025.
4. Heads
of agencies, units, and organizations shall be responsible to the law for cases
where documents on appointment, authorization or assignment of account holders,
chief accountants, or documents on assignment of registration of signatures or
units' specimen seals to accountants at VST cease to be effective but new
documents on re-appointment, re-authorization, or re-assignment of positions of
persons who register as account holders or of chief accountants; or documents
on re-assignment of accountants have not yet been issued; or units' specimen
seals have not yet been re-registered or procedures for changing legal
documents, specimen seals, and signatures at VST have not yet been implemented,
VST is not responsible for checking the validity period of appointment or
specimen seals of agencies, units and organizations.
5. All
signatures of agencies/units/organizations/individuals (first signature, second
signature) must be borne in every document copy. The signature in an accounting
document of a person must be consistent with and resemble the signature which
was priorly registered with the VST. The seal of the registrant in documents
must be consistent with the valid seal which was priorly registered with the
VST.
Before
the agency/unit/organization enters into electronic transactions with VST, it
shall notify digital signatures of their relevant individuals. Such digital
signatures must be associated with their corresponding titles and for each
online specific transaction account via the national public service portal.
A digital
signature, which is notified to sign the title of the account holder or an
authorized person (the first signature), or the chief accountant/accountant/person
assigned to sign the title of the chief accountant in the accounting
document/authorized person (the second signature) on online fund transfer
documents via the national public service portal, must be the corresponding
digital signature of the person who has been approved to sign by the VST,
whether the first or second signature, in the application for opening and using
the applicant’s account.
The
number of digital signatures for the first and second signatures must not
exceed the number of people signing the corresponding signatures specified in
Article 7 of this Circular.
6. When
freezing or closing an account, the agency/unit/organization/individual and the
VST must collate figures and confirm balances till the date of collation. The
account balance shall be handled and transferred to other places in compliance
with a specific request, if permitted by law, of the
agency/unit/organization/individual or at the request of competent authority.
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8. In
case where agencies, units, organizations, or individuals have registered
accounts and received approval from the VST, but the VST changes accounting accounts
notified to such agencies, units, organizations, or individuals due to
management requirements, the VST where transactions are conducted shall notify
these agencies, units, organizations, or individuals in writing of new
accounts, and at the same time update new accounts on their account
registration applications and state reasons for such change.
Article 4. Accounts, classification of accounts of
registrants opened at the VST
1.
Accounts of registrants opened at the VST are accounting account complexes
comprising accounting account codes combined with other code sections
prescribed in the state budget accounting regime and professional operations of
State Treasury issued together with the Circular No. 77/2017/TT-BTC dated July
28, 2017 of the Ministry of Finance; in particular, the code of unit associated
with the budget is the mandatory code used to distinguish the accounts of
different registrants.
2.
Depending on management requirements and the funding used, accounts of
registrants opened at the VST are classified as follows:
a)
Estimate account
Estimate
accounts are opened in favor of budget estimate units and budget organizations
to monitor estimates, including: recurrent expenditure estimate, national
reserve expenditure estimate, public investment expenditure estimate, aid
provision expenditure estimate, transfer expenditure estimate, domestic revenue
and expenditure estimate, foreign revenue and expenditure estimate, payment
order estimate.
b)
Deposit account
Deposit
accounts are opened in favor of budget-using units, public service providers,
organizations, individuals including accounting account codes of Group –
Deposit payable of units, individuals, specifically as follows:
- Deposit
accounts of public service providers (including estimate deposits, deposits of
proceeds from fee collection and other deposits).
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-
Dedicated deposit accounts.
- Deposit
accounts for ODA loans, concessional loans, and foreign grant aid.
- Deposit
accounts of organizations.
- Deposit
accounts of funds.
- Special
deposit accounts of units.
- Deposit
accounts of other agencies/units/organizations.
- Deposit
accounts of individuals.
c)
Deposit-like accounts
Deposit-like
accounts opened in favor of registrants include the following accounting
account codes:
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- Escrow
accounts are opened in favor of budget collectors to reflect custody properties
pending resolution as per the law and be opened in compliance with regulations
of finance agencies, customs offices and other agencies.
- Other
accounts payable opened to reflect liabilities other than those accounts
mentioned above.
d) State
budget revenue accounts of budget collectors, and VAT refund expenditure
accounts of tax authorities under the Law on Value Added Tax
State
budget revenue accounts of budget collectors and VAT refund expenditure
accounts under the Law on Value Added Tax of tax authorities, used to monitor
state budget revenues, adjust, refund and finally settle state budget revenues.
Article 5. Tasks and powers of account holders
1. Tasks
Account
holder who is the legal representative responsible for managing the use of the
amount on the account of the registrant opened at the VST has the following
tasks:
a)
Prepare and send the application for registration and use of account to the
VST; take responsibility for the legality of the documents related to the
applicant's application for registration and use of account.
b) Comply
with the regime of registration and use of account at the VST according to the
Decree No. 347/2025/ND-CP and this Circular. Any agency/unit/individual
committing violations against regulations on registration and use of accounts
at the VST shall incur penalties according to the law on handling
administrative violations.
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d) Strictly
abide by the state's financial and monetary management regime.
dd)
Promptly notify the VST where the account is opened when it detects errors on
its account or suspects that its account has been misused.
e) Refund
or cooperate with the VST to refund the amounts due to errors, mistakes that
have been credited to its account.
g)
Provide complete, clear and accurate information related to the opening and use
of account. Promptly notify and send relevant documents to the VST where the
account is opened when there is a change in information in the application for
registration and use of account.
h) Write
full information on the account on accounting documents and contracts with
providers of goods and services, account numbers according to the format prescribed
in clause 2, Article 8 of this Circular.
i) Take
responsibility for damage caused by their mistake or being taken advantage of
or fraudulent when using their account due to their fault.
i)
Refrain from lease or lend the account.
2. Powers
a) The
account holder has the right to request the VST where the account is registered
and used to perform the legal and lawful economic operations; to authorize
another person to be the account holder, or to sign documents of transactions
with the VST in accordance with the law and authorization procedure;
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c)
Request the VST where the account is opened to compare the account balance on a
periodic or adhoc basis at the request of competent authority.
dd)
Authorize the VST to automatically deduct amounts of expenditure from checking
account according to the prescribed regime.
e)
Request the VST to copy relevant accounting documents according to the
provisions of accounting law.
Article 6. Tasks and powers of the VST
1. Tasks
a)
Provide guidance for the registrants to strictly comply with the regimes of
registration and use of accounts at the VST according to the Government’s Decree
No. 347/2025/ND-CP dated December 29, 2025 and this Circular.
b)
Receive and process applications for registration and use of accounts submitted
by the entities specified in Article 2 of this Circular.
c)
Properly record accounting accounts according to each entry arising on the
accounting document of the transaction unit. Promptly record the credit the
agency/unit/organization/individual’s account for the payment orders or cash
deposit; promptly repaying amounts due to errors or mistakes, which have been
debited to account.
d) Keep
specimen seal and signature of the account holder, chief accountant/person
assigned to sign the title of the chief accountant or accountant (in case where
the agency/unit/organization is subject to registration of chief accountant'
signature) and authorized persons to conduct inspection and comparison in the
course of using accounts of the agency/unit/organization/individual.
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e) Ensure
confidentiality of information related to accounts of registrants in accordance
with laws.
g) To be
responsible for damage caused by errors or being misused or deceived on
accounts of registrants due to the fault of the VST.
h)
Strictly abide by the current financial management regimes and principles
applicable to account registrants at VST; abide by decisions of competent
authorities.
i)
Inspect and control the compliance with the regime of registration and use of
accounts at the VST.
K) Issue
Certificate of codes of units making transactions with the VST to
agencies/units/organizations according to the provisions of the VST.
l) Notify
account numbers to registrants according to the provisions of clause 2, Article
8 of this Circular.
m) Deduct
expenditures from the checking accounts as authorized by the account holder
according to regulations of law.
n) Pay
interests to entities eligible for interests as prescribed by Article 12 of
this Circular.
o)
Collate data on periodical or ad-hoc basis between the VST and the registrants
using accounts at the VST.
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q)
Cooperate and facilitate the audit of accounts of ODA programs and projects at
the request of donors related to accounts from foreign loans and foreign aids
opened by project owners at the VST.
2. Powers
a) Refuse
the applications for registration of accounts of entities that are not allowed
to open accounts at the VST and entities that fail to comply with the regime of
registration and use of accounts at the VST prescribed in the Decree No.
347/2025/ND-CP and this Circular.
b)
Collect charges from entities obliged to pay payment service charges according
to the provisions of Article 13 of this Circular.
c) Freeze
or automatically deduct the account holder's account under a decision of a
competent authority.
d)
Provide economic information on the account holder's operations at the written
request of competent authority according to law provisions.
Chapter II
SPECIFIC
PROVISIONS
Section 1. REGISTRATION FOR USE OF ACCOUNTS
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1.
Signatures
a)
Regarding applicants using state budget and budget organizations:
- The
first signatures: The signatures of the head of the applicant (or person
authorized/assigned to act as the account holder) and the person(s) authorized
to sign on behalf of the account holder. Each applicant may only register up to
4 people to sign the first signatures (the account holder and 3 persons
authorized to sign on behalf of the account holder). The head of the applicant
is not allowed to authorize a person who registers the second signature to act
as the account holder.
- The
second signatures: the signatures of the chief accountant or the accountant of
the applicant and the person authorized to sign on behalf of the chief
accountant or the accountant in charge. Each applicant may only register up to
3 people to sign the second signatures (chief accountant or the accountant and
2 authorized persons).
Applicants
in the armed forces having no chief accountant are not required to register the
second signature. In a transaction document with the VST, clearly indicate
“None” in the place which is supposed to be the signature of the chief
accountant.
b)
Regarding finance authorities:
- The first
signatures: The signatures of the head of applicant (or the person(s)
authorized/assigned to act as the account holder) and the person authorized to
sign on behalf of the account holder. To be specific:
+ Central
government budget: Leader of State Budget Department – Ministry of Finance with
regard to domestic revenues and expenditures; leaders of Department of Debt
Management and External Economic Relations affiliated to the Ministry of
Finance with regard to foreign revenues and expenditures and accumulation fund
for debt repayment.
+
Provincial budget: Leader of Department of Finance.
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- The second
signatures: the signatures of the assigned cadres, specifically as follows:
+ Central
government budget: Leader of State Budget Management Division – State Budget
Department with regard to domestic revenues and expenditures; leaders of
specialized divisions affiliated to Department of Debt Management and External
Economic Relations with regard to foreign revenues and expenditures and
accumulation fund for debt repayment.
+
Provincial budget: Leaders of the specialized division (Department of Finance) who
are assigned to manage the expenditure accounts with payment order, revenue and
expenditure accounts, transfer estimate accounts; deposit accounts.
+ Commune
budget: Leaders of the Economic Division in case where the Chairperson or
Deputy Chairperson of the commune-level People's Committee acts as the account
holder, or cadres of the Economic Division who are assigned to manage
expenditure accounts with payment order, revenue and expenditure accounts,
transfer estimate accounts; deposit accounts.
c) Regarding
budget collectors:
- The
first signatures: The signatures of the head of applicant (or the person(s)
authorized/assigned to act as the account holder) and the person authorized to
sign on behalf of the account holder.
- Do not register
the second signature.
d)
Regarding authorities in charge of inspection of management and use of state
budget:
- The
first signatures: The signatures of the head of applicant (or the person(s)
authorized/assigned to act as the account holder) and the person authorized to
sign on behalf of the account holder.
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In case
where an applicant is not an accounting unit, the second signature may be the
signature of the cadre assigned to monitor temporarily collected/withheld
accounts; after that, the applicant shall send a document assigning the cadre to
monitor temporarily collected/withheld accounts to sign in the place which is
supposed to be the “chief accountant” in accounting documents transacted with
the VST.
dd)
Regarding other enterprises and organizations:
- The
first signatures: The signatures of the head of applicant (or the person(s)
authorized/assigned to act as the account holder) or the legal representative
stated in the business registration certificate (for sole proprietorship) and
the person authorized to sign on behalf of account holder.
Regarding
single-member state-owned limited liability companies: depending on the
specific provisions of the Company's Charter, the account holder may be the
President of the Members' Council, the Director or General Director (the
President of Members' Council may hold concurrently or hire another person to
be the Director or General Director. The registration of signatures shall
comply with the regulations applicable to the above enterprises and
organizations.
- The
second signatures: the signatures of the chief accountant or the accountant and
the person authorized to sign on behalf of the chief accountant.
e) In
case where an applicant is not an accounting unit, the second signature may be
the signature of the person assigned to monitor the applicant’s account at VST;
after that, the applicant shall send a document assigning the cadre to monitor
the applicant’s account to sign in the place which is supposed to be the “chief
accountant” in accounting documents transacted with the VST
g)
Regarding individuals:
- The
first signature: The signature of the individual acting as the account holder
(do not register signature of the authorized person).
- Do not
register the second signature
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2.
Specimen seal
a) The
specimen seal registered for transaction with the VST is the one registered at
the police office, which is stamped into two (02) clear marks.
b) As for
applicants of the security and national defense: the specimen seal must be
registered with the security agency in the field (national defense and
security).
Article 8. Regulations on management of applications for
registration of use of accounts and notification of account numbers to
registrants at VST
1.
Management of applications for registration of use of accounts at VST where
transactions are conducted
VST shall
receive and process applications according to the Decree No. 347/2025/ND-CP,
record the registration in the register book and monitor the registration (No.
02/MTK – attached Appendix I), and after that store or destroy it as
prescribed.
2.
Notification of account numbers to registrants at VST
After
completely processing the application, the VST will state the account number of
the registrant in the certificate of registration of account and specimen seal
and signature to notify the registrant that the account number is permitted by
the VST to be used according to the format as follows:
a)
Estimate account: “Code of accounting account. Code of budget level. Code of
unit associated with the budget. Code of administrative division”.
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Only
notify estimate accounts, do not notify accounts intended for actual spending
or payment in advance or temporarily provided.
b) State
budget revenue accounts of budget collectors, and VAT refund expenditure
accounts of tax authorities under the Law on Value Added Tax: “Accounting
account code. Collector code”.
The
budget collector shall notify the payer of the account number in the following
format: “Accounting account code”.
c)
Deposit account, deposit-like account: “Code of accounting account. Code of
budget level. Code of unit associated with the budget. Code of target program,
project and detailed accounting”; write 0 if there is no code of budget level,
write 00000 if there is no code of target program, project and detailed
accounting. Regarding Dedicated deposit account and deposit of funds, if
details about budget of each fund, budget payable or receivable have been not
supervised, write other code for code of target program, project and detailed accounting
indicated in the list of detailed codes of financial funds, the list of
detailed codes of receivables and payables issued together with the Circular
No. 77/2017/TT-BTC amended by the Circular No. 19/2020/TT-BTC and guiding
documents.
Section 2. REGULATIONS OF USING ACCOUNTS, FREEZING AND
CLOSING ACCOUNTS, COLLATING AND CONFIRMING OF ACCOUNT BALANCE
Article 9. Regulations on using accounts
1.
Estimate accounts:
a) Budget
estimate units granted funding (including investors or project management boards)
shall use estimate accounts in accordance with applicable regulations on state
budget payment through VST.
b)
According to the estimate account opened at VST and funding provided by state
budget by the estimate, the budget-using unit or investor shall make an
equivalent document (request for disbursement of estimated fund, request for
disbursement of investment capital, etc.) to enter into payment transactions.
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d) The
estimate account shall not be used to receive payments made by other entities,
other than those refunded by banks or other VST, estimate refund and refund of
budget expenditures, capital investment payback given by the budget-using unit
or investor when the budget statement has not been made.
2.
Deposit accounts
a) The
registrant may only use its account to conduct transactions within their scope
of operation and in line with the type of account registered with the VST; they
registrant may only use the account within its credit balance in accordance
with regulations on non-cash payment, cash management and financial regime of
the State.
b) The
registrant may, based on the deposit account opened at the VST and its credit
balance, prepare documents (payment orders, remittance bill to state budget,
etc.) to conduct relevant transactions.
c) Upon a
request of a competent authority:
- The VST
may automatically deduct amounts from deposit account of the registrant to pay
it to the state budget.
- If the
deduction is impossible because the balance of the said deposit account is not
enough or reaches zero, the VST may record it in a separate logbook for keep
track of the insufficient amount. When the deposit account balance is enough,
the VST keeps deducting the required amount to pay it to the state budget as
prescribed.
d) The
registrant may not lease or lend its deposit account at VST.
dd) In a
case where the registrant uses the deposit account in such an improper manner
or violates payment procedures: The VST is entitled to refuse such payment and
return the proof of payment to the registrant.
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3.
Deposit-like accounts
a) Comply
with Clause 2 of this Article.
b) The
transfer from accounts payable to money, property held in custody pending
resolution of relevant units must attach resolution document issued by the
competent authority. According to the mentioned document and payment order of
the registrant, the VST shall make payment as prescribed.
4. State
budget revenue accounts of budget collectors, and VAT refund expenditure
accounts of tax authorities under the Law on Value Added Tax
Budget
collectors shall use state budget revenue accounts and VAT refund expenditure
accounts to monitor state budget revenues, adjust, refund and finally settle
state budget revenues.
Article 10. Regulations on freezing and closing accounts
1.
Freezing accounts
a) An
account shall be frozen in any of the following cases:
- When it
is so requested in writing by a competent authority.
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-
Regarding programs and projects funded by ODA, concessional loans, or foreign
grant aid, the account shall be frozen in accordance with regulations of the
sponsor under the signed agreement.
b) The account
shall be unfrozen under a decision issued by the competent authority. Regarding
programs and projects funded by ODA, concessional loans, or foreign grant aid,
the account shall be unfrozen in accordance with regulations of the sponsor
under the signed agreement.
2.
Closing accounts
a) An
account shall be closed in any of the following cases:
- The
registrant is acquired or dissolved.
-
The registrant applies for change of the place where the account is registered
and used.
- The project
has its final statement approved, has debts receivable and payable settled
according to the final settlement approval decision and has the advance paid
back as prescribed. The investor is entirely responsible for requesting the
closure of account for any public investment project.
-
The registrant makes such a request for closing account.
- The
account has not been active for 24 consecutive months (except for the account
of disbursement of investment capital).
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c) If the
account proposed to be closed is still positive, the account holder must send
relevant documents to VST to process it.
d) The
VST may only close an account when its balance reaches zero.
Article 11. Regulations on collating and confirming of
account balance
1.
Regarding deposit account, deposit-like account
a) The
figures of deposit account of the registrant shall be collated on periodic
basis (monthly, annually, except for December), no later than the 10th
day of the next month (if account balance is collated monthly) or on February
10th of the following year (if account balance is collated annually)
or on adhoc basis at the request of the competent authority.
b) In
case of collation of the budget-funded deposit account balance carried forward
to the next year, after collating and confirming figures (confirm if matched),
the VST shall sign to confirm and the said balance shall be carried forward
according to regulations.
2.
Collation of figures of level-4 estimates, advances and advance payment
a)
Figures of level-4 estimates, actual spending, advances and advance payment
shall be collated on periodic basis (quarterly, annually, except for the fourth
quarter) no later than the 10th day of the first month of the next
quarter (if account balance is collated quarterly) or on February 10th
of the next year or on adhoc basis at the request of the competent authority.
b) In
case of collation of budget carried forward to the next year, after collating
and confirming figures (confirm if matched), the VST shall conduct confirmation
and the said balance shall be carried forward according to regulations.
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Section 3. REGULATIONS ON DEPOSIT INTERESTS AND SERVICE
FEES
Article 12. Regulations on deposit interests
1. Eligibility
to receive deposit interests
a)
Ineligible beneficiaries:
- State
budget funds at all levels;
- State
budget funding (including funding in estimate deposit accounts, investment
accounts, and fee collection deposit accounts) allocated to budget-using units,
investors, and project management boards;
- Funding
temporarily collected or seized and allocated to the competent authority.
b)
Eligible beneficiaries:
-
Financial reserve funds of the central government budget and provincial
budgets;
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-
Off-budget state financial funds;
- Other
deposits from agencies, units, organizations, and individuals opening accounts
at VST in accordance with the law.
2.
Interest payment method
a)
Deposit interest will be calculated once by the VST on the last date of a month
and transferred to the beneficiary within the first 10 days of the following month,
except for days off and holidays (excluding the case of closing the account).
In case
where there is an agreement between the interest beneficiary and VST where
transactions are conducted on an interest-receiving account opened at the State
Treasury or a commercial bank and differing from the account eligible for the
interest, VST shall transfer the interest to the agreed account.
3.
Deposit interest rate and method of calculation:
a)
Deposit interest rate
The
deposit account opened at the VST specified in point b clause 1 hereof may earn
an interest rate equal to the interest rate the State bank of Vietnam pays the
VST at the moment when the interest is accrued.
b) Method
of calculation
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- Number
of days with actual balance means the number of days during which the actual
balance is kept unchanged each day (28, 29, 30 or 31 days).
-
Interest rate is calculated on the basis of %/year (annual interest rate) which
the State Bank of Vietnam pays VST at the moment when the interest is accrued.
-
Interest amount is calculated according to product-based interest calculation
method with the formula below:
Interest amount =
Σ(Actual balance x number of days with actual balance)
x
Interest rate
365
Article 13. Regulations on payment service fees
1. Payers
of service fees and entities exempt from service fees:
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Entities
specified in point a clause 1 Article 12 of this Circular and amounts of the
Accumulated Fund for Foreign Debt Repayment: debt repayments by the Government
of Vietnam to foreign creditors, capital advances for foreign debt repayment
with regard to Government-guaranteed loans, and reimbursements to state budget
as prescribed by the Law on Public Debt Management No. 20/2017/QH14.
b)
Service fee payers:
Entities
specified in point b clause 1 Article 12 of this Circular, except for amounts
of the Accumulated Fund for Foreign Debt Repayment: debt repayments by the
Government of Vietnam to foreign creditors, capital advances for foreign debt
repayment with regard to Government-guaranteed loans, and reimbursements to state
budget as prescribed by the Law No. 20/2017/QH14.
2.
Principles of collecting service fees:
- The VST
does not collect service fees for payments made via the accounts under the
VST’s system; in case of withdrawal of cash at the VST in accordance with regulations
or for cash deposits at VST where entities’ accounts are not opened to
make payments for other entities that hold accounts at VST; in case of
withdrawal of cash at a commercial bank where VST opens its account,
service fees shall be collected according to the Schedule of service
fees of the commercial bank where VST opens its account.
- The VST
must not deduct amounts paid by any entity that registers and uses the account
at VST to collect service fees.
- The VST
will not refund the collected service fee in case where the service fee payer
requests the cancellation of such service or the payment cannot be made because
of errors or incidents not due to errors committed by VST.
3.
Amounts of service fees:
- Amounts
of service fees payable by the payers prescribed in point b clause 1 through
the VST’s account at the State Bank or the interbank electronic payment system
are specified in Section III – Domestic service fees of the Schedule of service
fees through the State Bank of Vietnam issued together with the Circular
No. 26/2013/TT-NHNN dated
December 5, 2013 of Governor of the State Bank and clause 2 Article 1 of
Circular No. 33/2018/TT-NHNN dated
December 21, 2018 of Governor of the State Bank on amendments to the Circular
No. 26/2013/TT-NHNN dated
December 5, 2013 of Governor of the State Bank on promulgation of Schedule of
service fees through the State Bank of Vietnam in line with every method of
payment.
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- The VST
unit shall give a written notification to relevant registrants of any change in
service fees when the State Bank make relevant change in service fees payable
by VST.
4.
Methods of collecting service fees
VST’s
units shall collect service fees following any of the methods below:
a) Ad-hoc
collection: The VST will calculate and collect service fee every time the
payment is made (applied to entities not regularly transacting with VST).
b)
Monthly collection: The periodic collection shall be done as agreed by the
service fee payer and VST where transactions are conducted; at the end of the
month, based on the agreement, the VST shall make a statement of service fees
and collect them following any of methods below:
- In case
where the payer requests an automatic debit from
their deposit account, VST shall prepare accounting documents and
debit the payer’s deposit account to collect the fee; simultaneously, VST shall
send a debit note to the payer.
- In case
where the payer makes a request to proactively pay the fee,
VST send the statement of service fees to the payer and then the payer
shall proactively pay such service fees to the VST no later than the 10th
day of the following month, excluding days off and holidays (the VST
shall not automatically debit the payer’s deposit account).
5.
Bookkeeping
Revenues
from service fees and deposit interests payable by owners of interests shall be
recorded by VST under guidelines in the Circular No. 77/2017/TT-BTC amended by
the Circular No. 19/2020/TT-BTC and guiding documents.
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IMPLEMENTATION
ORGANIZATION
Article 14. Transitional provisions
Regarding
accounts registered for use prior to the effective date of this Circular, VST
where transactions are conducted shall update information on such accounts in accordance
with regulations of this Circular and give written notification to
registrants.
Article 15. Effect
1. This
Circular comes into force from January 1, 2026, replaces the Circular No.
18/2020/TT-BTC dated March 31, 2020, of the Minister of Finance and
annuls Article 2 of the Circular No. 41/2025/TT-BTC dated June 16,
2025, of the Minister of Finance.
2. Where
any document cited in this Circular is amended or replaced, the newest document
shall prevail.
3.
Director of VST, participating organizations of TABMIS, other units having
transactions with VST within their functions and powers shall initiate, provide
guidance and inspect the implementation of this Circular./.
PP. MINISTER
DEPUTY MINISTER
Cao Anh Tuan
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