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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.
02/2008/QD-NHNN
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Hanoi,
15 January 2008
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DECISION
ON THE AMENDMENT, SUPPLEMENT OF SEVERAL ACCOUNTS IN THE
ACCOUNTS SYSTEM OF CREDIT INSTITUTIONS ISSUED IN CONJUNCTION WITH THE DECISION
NO. 479/2004/QD-NHNN DATED 29/4/2004, THE DECISION NO. 807/2005/QD-NHNN DATED
01/06/2005 AND THE DECISION NO. 29/2006/QD-NHNN DATED 10/7/2006 OF THE GOVERNOR
OF THE STATE BANK
THE GOVERNOR OF THE STATE BANK
- Pursuant to the Law on the
State Bank of Vietnam issued in 1997 and the Law on amendment, supplement of
several articles of the Law on the State Bank of Vietnam issued in 2003;
- Pursuant to the Law on Credit Institutions issued in 1997 and the Law on the
amendment, supplement of several articles of the Law on Credit Institutions
issued in 2004;
- Pursuant to the Law on Accounting issued in 2003;
- Pursuant to the Decree No. 52/2003/ND-CP dated 19/5/2003 of the Government
providing for the functions, duties, authorities and organizational structure
of the State Bank of Vietnam;
Upon the approval of the amendment, supplement of the Accounts System of Credit
Institutions at the Official Dispatch No.16862/BTC-CDKT dated 10/12/2007 of the
Ministry of Finance;
Upon the proposal of the Director of the Finance – Accounting Department,
DECIDES:
Article 1.
To cancel some contents in the Accounts System of credit institutions (CIs)
issued in conjunction with the Decision No. 479/2004/QD-NHNN dated 29/4/2004
and the Decision No. 29/2006/QD-NHNN dated 10/7/2006 of the Governor of the
State Bank (SBV) as follows:
1. To cancel some accounts in
the Accounts System of CIs issued in conjunction with the Decision No.
479/2004/QD-NHNN dated 29/4/2004 of the Governor of SBV:
- Account 312 - Value of working
tools in use already charged to expenses;
- Account 921 - Commitment on
the guarantee to customers;
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2. To cancel Paragraph 28
Article 2 of the Decision No. 29/2006/QD-NHNN dated 10/7/2006 of the Governor
of the State Bank.
Article 2.
To amend, supplement the accounting content of some accounts in the Accounts
System of CIs issued in conjunction with the Decision No. 479/2004/QD-NHNN
dated 29/4/2004, Decision No. 807/2005/QD-NHNN dated 01/06/2005 and the
Decision No. 29/2006/QD-NHNN dated 10/07/2006 of the Governor of the SBV as
follows:
1. To amend the accounting content
on accounts provided for in Article 2 of the Decision No. 807/2005/QD-NHNN
dated 01/06/2005 and accounting content on accounts provided for in Paragraph 6
Article 3 of the Decision No. 29/2006/QD-NHNN dated 10/07/2006 of the Governor
of the SBV:
1.1. In respect of accounts
“Standard debt”:
These accounts shall be used to
record amounts (in VND, foreign currencies or gold) which a CI has lent to
other CIs, (domestic, foreign) organizations, individuals and classified into
group 1 (Standard debt) in accordance with the current provisions on the debt
classification.
Debit: - Amounts lent to
organizations, individuals, other CIs
- Amounts transferred from other
appropriate debit account in accordance with current provisions on debt
classification.
Credit: - Amounts collected from
organizations, individuals, other CIs
- Amounts transferred to other
appropriate debit account in accordance with current provisions on debts
classification
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Debit balance:
- To reflect borrowings of
organizations, individuals, other CIs, which are classified into group 1
(standard debt) in accordance with the current provisions on debts
classification.
Detailed accounting:
- To open detailed accounts by
each borrowing organization, individual
1.2. In respect of accounts
“Debt which needs special attention”
These accounts shall be used to
record amounts (in VND, foreign currencies or gold) that a CI has lent to other
CIs, (domestic, foreign) organizations, and individuals and classified into
group 2 (Debt which needs special attention) in accordance with current
provisions on debt classification.
The accounting content of these
accounts shall be the same as the accounting content of accounts “Standard
debt”.
1.3. In respect of the account
“Substandard debt”:
These accounts shall be used to
record amounts (in VND, foreign currencies or gold) that a CI has lent to other
CIs, (domestic, foreign) organizations, and individuals and classified into
group 3 (Substandard debt) in accordance with current provisions on debt
classification.
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1.4. In respect of accounts
“Doubtful debt”
These accounts shall be used to
record amounts (in VND, foreign currencies or gold) that a CI has lent to other
CIs, (domestic, foreign) organizations, and individuals and classified into
group 4 (Doubtful debt) in accordance with current provisions on debt
classification.
The accounting content of these
accounts shall be the same as the accounting content of accounts “Standard
debt”.
1.5. In respect of accounts
“Potentially irrecoverable debt”:
These accounts shall be used to
record amounts (in VND, foreign currencies or gold) that a CI has lent to other
CIs, (domestic, foreign) organizations, and individuals and classified into
group 5 (Potentially irrecoverable debt) in accordance with current provisions
on debt classification.
The accounting content of these
accounts shall be the same as the accounting content of accounts “Standard
debt”.
2. To amend name, accounting
contents on some accounts as provided for in Section II of the Accounts Systems
of CIs issued in conjunction with the Decision No. 479/2004/QD-NHNN dated
29/4/2004 of the Governor of the State Bank as follows:
2.1. To amend the account 311 –
Working tools in use
“ Account 311 -Tools,
instruments
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Accounting of this account must
comply with some following provisions:
- Accounting of the in, out,
inventory of the tools, instruments must be reflected by the real value.
- Apart from the detailed
accounts books accounting under the value of tools, instruments, accountant
must open a detailed book of the tools, instruments to record, follow up the
quantity, value of each type of tools, instruments.
Storekeeper must open the store
card to record, follow up the quantity of each type of tools, instruments in
line with the establishment of book by the accountant.
- For the tools, instruments
delivered for the business activity: they must be recorded, followed up in kind
and value on the detailed book which follows up each place of use and person who
takes material responsibility.
- For tools, instruments of
small value, when delivering for business activity, 100% of their value shall
be allocated to the expenses once.
- For tools, instruments
delivered for one-off use, which have big value and are used in many accounting
periods, then value of the tools, instruments delivered for use shall be
charged into the account “Expenses pending for allocation” and gradually
allocated to expenses of accounting periods.
Debit: - Value of the tools,
instruments stored in.
Credit: - Value of the tools,
instruments stored out.
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Detailed accounting: - To open
detailed accounts by each group or each type of tools, instruments.”
2.2. To amend accounting content
of account 383 – Investment trust, lending in VND
“Account 383 – Investment trust,
lending in VND
This account is used to reflect
the VND amount that a credit institution transfers to trust undertaking,
lending organizations with an amount agreed upon in the Investment trust,
lending contract entered into by two parties.
Debit: - The amount transferred
to the trust undertaking, lending organizations
Credit: - The amount, which
trust undertaking, lending organizations have paid under the contract.
Debit balance:- To reflect the
amount that has been transferred to the trust undertaking organizations, but
operation of investment trust and lending has not been performed yet.
Detailed accounting: - To open
detailed account by each trust undertaking organization, each type of
investment trust, lending”.
2.3. To amend the accounting
content of account 384 - Investment trust, lending in foreign currency:
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This account is used to reflect the
amount in foreign currency that a credit institution transfers to trust
undertaking, lending organizations with an amount agreed upon in the Investment
trust, lending contract entered into by two parties.
The accounting content of these
accounts shall be the same as the accounting content of account 383.
3. To amend some accounting
contents of account 833 - Expense for enterprise income tax at paragraph 27
Article 3 of the Decision No. 29/2006/QD-NHNN dated 10/07/2006 of the Governor
of the State Bank as follows:
“This account is used to reflect
the expense for enterprise income tax of the CI, including the expense for
current enterprise income tax and expense for deferred enterprise income tax as
a basis for the determination of the business result of the CI in the current
year.
Accounting of this account must
be performed in compliance with Vietnam Accounting Standard No.17 – Enterprise
income tax and following provisions:
1. Expense for enterprise income
tax which is charged to this account includes the expense for current
enterprise income tax and expense for deferred enterprise income tax upon
determining profit (or loss) of a fiscal year.
2. Expense for current
enterprise income tax is the payable enterprise income tax amount calculated on
the taxable income in the year and the current enterprise income tax rate.
3. Expense for deferred
enterprise income tax is the enterprise income tax amount payable in the
future, arising from:
- The acknowledgement of the
deferred income tax payable in the year
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4. Income from the deferred
enterprise income tax is the decrease amount of expenses for deferred
enterprise income tax, arising from:
- The acknowledgement of the
deferred income tax asset in the year
- The return of the deferred
income tax assets which were acknowledged from the previous years.”
Article 3.
To supplement accounting contents and some accounts into the Accounts System of
CIs issued in conjunction with the Decision No. 479/2004/QD-NHNN dated
29/4/2004 of the Governor of the State Bank as follows:
1. To supplement the
accounting content to Section I – General provisions, as follows:
1.1. To supplement accounting
contents to point 3.1 - The opening and use of level III accounts
“3.1.3 – In respect of accounts
of following up debts; guarantees, payment acceptance and unconditional
irrevocable lending commitments with specific performance time in line with the
current provisions on debt classification:
CIs shall be entitled to draw up
norms of the above accounts to level II accounts in the statement of accounts
attached to the Report on the debt classification sent to the SBV (in file and
written form) and the original reporting norms guided by the SBV upon the
satisfaction of full conditions provided for at point 3.1.1 and following
conditions:
+ Availability of an information
technology system qualified for an accurate debt classification by each
loan/borrower in compliance with current provisions;
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1.2. To supplement accounting
contents to point 5 – The way to symbolize detailed accounts
“Besides, CIs are authorized to
open more detailed accounts upon the requirement of operational management
where it is necessary”.
2. To supplement Account 4896
– Specific provisions for off-balance sheet commitments
This account is used to reflect
the provisioning and use of specific provisions for guarantee commitment,
lending commitment, payment acceptance… of a CI to its customers in order to
deal with off-balance sheet credit risks in banking activity in accordance with
the current provisions on debt classification.
Credit: - Specific provisions
made for the off-balance sheet commitments
Debit: - To settle the risks;
- To return the difference of
the made provisions
Credit balance: - To reflect the
specific provisions for the current off-balance sheet commitments
Detailed accounting:
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3. To supplement Account 921
– Commitment on borrowing guarantee
“This account is used to reflect
the entire amount the CI undertakes to provide borrowing guarantee to organizations
and individuals under the signed contract to which the CI has not had to
perform the committed obligation.
Account 921 consists of
following level III accounts:
9211 – Off-balance sheet
commitments classified into group 1 (Standard debt)
9212 - Off-balance sheet
commitments classified into group 2 (Debt which needs special attention)
9213 - Off-balance sheet
commitments classified into group 3 (Substandard debt)
9214 - Off-balance sheet
commitments classified into group 4 (Doubtful debt)
9215 - Off-balance sheet
commitments classified into group 5 (Potentially irrecoverable debt)
Account 9211 - Off-balance sheet
commitments classified into group 1 (Standard debt)
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Debit: - Amount of borrowing
guarantee
- Amount transferred from the
appropriate account in accordance with the current provisions on debt
classification.
Credit: - Amount transferred to
the appropriate account in accordance with the current provisions on debt classification.
- Amount that the CI has
completed its obligation of borrowing guarantee or has had to perform its
obligation of borrowing guarantee.
Debit balance: - To reflect the
remaining amount of the borrowing guarantee to customers which is classified into
group 1 (Standard debt) in accordance with the current provisions on debt
classification.
Detailed accounting:
- To open detailed account by
each customer provided with borrowing guarantee.
Account 9212 - Off-balance sheet
commitments classified into group 2 (Debt which needs special attention)
This account is used to charge
the amount a CI undertakes to provide borrowing guarantee to organizations,
individuals under the signed contract to which the CI has not had to perform
the committed obligation and classified by the CI into group 2 (Debt which
needs special attention) in accordance with the current provisions on debt
classification.
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Credit: - Amount transferred to
the appropriate account in accordance with the current provisions on debt
classification.
- Amount that the CI has
completed its obligation of borrowing guarantee or has had to perform its
obligation of borrowing guarantee.
Debit balance: - To reflect the
remaining amount of the borrowing guarantee to customers which is classified
into group 2 (Debt which needs special attention) in accordance with the
current provisions on debt classification.
Detailed accounting:
- To open detailed account by
each customer provided with borrowing guarantee.
Account 9213 - Off-balance sheet
commitments classified into group 3 (Substandard debt)
This account is used to charge
the amount a CI undertakes to provide borrowing guarantee to organizations,
individuals under the signed contract to which the CI has not had to perform
the committed obligation and classified by the CI into group 3 (Substandard
Debt) in accordance with the current provisions on debt classification.
The accounting content of this
account is the same as the accounting content of account “Debt which needs
special attention”.
Account 9214 - Off-balance sheet
commitments classified into group 4 (Doubtful debt)
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The accounting content of this
account is the same as the accounting content of account “Debt which needs
special attention”.
Account 9215 - Off-balance sheet
commitments classified into group 5 (Potentially irrecoverable debt)
This account is used to charge
the amount a CI undertakes to provide borrowing guarantee to organizations,
individuals under the signed contract to which the CI has not had to perform
the committed obligation and classified by the CI into group 5 (Potentially
irrecoverable Debt) in accordance with the current provisions on debt
classification.
The accounting content of this
account is the same as the accounting content of account “Debt which needs
special attention”.
4. To supplement Account 922
– Commitment on payment guarantee
This account is used to charge
the entire amount a CI undertakes to provide the payment guarantee to
organizations, individuals under the signed contract to which the CI has not
had to performed its committed obligation.
Account 922 consists of
following level III accounts:
9221 – Off-balance sheet
commitments classified into group 1 (Standard debt)
9222 - Off-balance sheet
commitments classified into group 2 (Debt which needs special attention)
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9214 - Off-balance sheet
commitments classified into group 4 (Doubtful debt)
9225 - Off-balance sheet
commitments classified into group 5 (Potentially irrecoverable debt)
The accounting content of account
922 shall be the same as the accounting content of account 921.
5. To supplement Account 924
– Commitment on irrevocable loan
This account is used to charge
the entire amount a CI undertakes to provide unconditionally an irrevocable
loan to organizations, individuals under the signed contract to which the CI
has not had to perform its committed obligation.
Account 924 consists of
following level III accounts:
9241 – Off-balance sheet
commitments classified into group 1 (Standard debt)
9242 - Off-balance sheet
commitments classified into group 2 (Debt which needs special attention)
9243 - Off-balance sheet
commitments classified into group 3 (Substandard debt)
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9245 - Off-balance sheet
commitments classified into group 5 (Potentially irrecoverable debt)
The accounting content of
account 924 shall be the same as the accounting content of account 921.
6. To supplement Account 925
– Commitment in L/C operation
This account is used to charge
the entire amount committed by a CI in the L/C operation to organizations,
individuals under the signed contract to which the CI has not had to perform
its committed obligation.
Account 925 consists of
following level III accounts:
9251 – Off-balance sheet
commitments classified into group 1 (Standard debt)
9252 - Off-balance sheet
commitments classified into group 2 (Debt which needs special attention)
9253 - Off-balance sheet
commitments classified into group 3 (Substandard debt)
9254 - Off-balance sheet
commitments classified into group 4 (Doubtful debt)
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The accounting content of
account 925 shall be the same as the accounting content of account 921.
7. To supplement Account 926
– Commitment on contract performance guarantee
This account is used to charge
the entire amount a CI undertakes to provide the contract performance guarantee
to organizations, individuals under the signed contract to which the CI
has not had to perform its committed obligation.
Account 926 consists of
following level III accounts:
9261 – Off-balance sheet
commitments classified into group 1 (Standard debt)
9262 - Off-balance sheet
commitments classified into group 2 (Debt which needs special attention)
9263 - Off-balance sheet
commitments classified into group 3 (Substandard debt)
9264 - Off-balance sheet
commitments classified into group 4 (Doubtful debt)
9265 - Off-balance sheet
commitments classified into group 5 (Potentially irrecoverable debt)
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8. To supplement Account 927
– Commitment on bidding guarantee
This account is used to charge
the entire amount a CI uses for the bidding guarantee to organizations,
individuals under the signed contract to which the CI has not had to perform
its committed obligation.
Account 927 consists of
following level III accounts:
9271 – Off-balance sheet
commitments classified into group 1 (Standard debt)
9272 - Off-balance sheet
commitments classified into group 2 (Debt which needs special attention)
9273 - Off-balance sheet
commitments classified into group 3 (Substandard debt)
9274 - Off-balance sheet
commitments classified into group 4 (Doubtful debt)
9275 - Off-balance sheet
commitments classified into group 5 (Potentially irrecoverable debt)
The accounting content of
account 927 shall be the same as the accounting content of account 921.
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This account is used to charge
the entire amount of other guarantee commitments made by a CI to organizations,
individuals under the signed contract to which the CI has not had to perform
its committed obligation.
Account 928 consists of following
level III accounts:
9281 – Off-balance sheet
commitments classified into group 1 (Standard debt)
9282 - Off-balance sheet
commitments classified into group 2 (Debt which needs special attention)
9283 - Off-balance sheet
commitments classified into group 3 (Substandard debt)
9284 - Off-balance sheet
commitments classified into group 4 (Doubtful debt)
9285 - Off-balance sheet
commitments classified into group 5 (Potentially irrecoverable debt)
The accounting content of
account 928 shall be the same as the accounting content of account 921.
Article 4.
This Decision shall be effective after 15 days since its publication on the
Official Gazette.
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FOR
THE GOVERNOR OF THE STATE BANK OF VIETNAM
GOVERNOR
Dang Thanh Binh