Directive No. 05/2003/CT-BTC on organizing the implementation and response to the campaign for purchasing educational treasury bonds in 2003

 DIRECTIVE
Regarding the organization and implementation of the campaign to purchase educational treasury bonds
in 2003

Issuing treasury bonds for national construction is an important policy of the Party and the State with the aim of mobilizing the contributions of the entire population for the development of key projects and strengthening the material and technical infrastructure of the country. In 2003, to implement the policy of mobilizing all resources to increase investment in education and training, the National Assembly issued Resolution No. 09/2002/QH11 on November 28, 2002, deciding to issue educational treasury bonds worth 2,000 billion VND to support provinces in mountainous areas, the Central Highlands, and provinces facing many difficulties to achieve the goal of eliminating three-shift classrooms, dismantling temporary classrooms made of bamboo, reed, and thatch, and reinforcing schools.

Implementing Decree No. 28/2003/NĐ-CP dated March 31, 2003 on the issuance of national construction treasury bonds in 2003 - Educational treasury bonds, thoroughly implementing the spirit of Directive No. 07/2003/CT-TTg dated April 3, 2003 of the Prime Minister on organizing and implementing the issuance of educational treasury bonds in 2003; fully recognizing the role and position of the financial sector in implementing the campaign, the Minister of Finance issues the following directive:

1. The entire finance sector must consider this as a key task for 2003. Units within the financial system from central to local levels, within their respective functions and responsibilities, must urgently develop plans to organize the issuance of educational treasury bonds to achieve the highest results, ensuring the goals and requirements set forth. Ensure the issuance of educational treasury bonds starts on May 5, 2003.

2. Provincial Departments of Finance and Prices, State Treasury of the provinces and cities have the responsibility to assist People's Committees in allocating targets for purchasing educational treasury bonds to each organization and residential area; seek guidance from the Party Committee at all levels, closely coordinate with relevant departments, the Vietnam Fatherland Front, and mass organizations to organize publicity, mobilization, and guidance for organizations and individuals in the locality to participate in purchasing educational treasury bonds, striving to complete the assigned mobilization targets.

3. The Central State Treasury directs provincial State Treasuries under its jurisdiction to organize issuance points with necessary equipment to facilitate buyers, ensuring rapid and hassle-free issuance without wasting people's time. Apply appropriate issuance methods suitable for all target groups including organizing sales at the offices of agencies and organizations and residential areas to save time and facilitate buyers.

State Treasury units must ensure the safe and confidential management and transportation of treasury bond certificates, preventing loss and damage to the state budget.

The Central State Treasury will organize daily information on the results of issuing educational treasury bonds to serve the direction and management of the issuance process and media reporting.

Funds collected from the issuance of educational treasury bonds must be managed according to current financial regulations and allocated promptly to the intended recipients for the designated purposes.

4. Departments and Bureaus responsible for managing the finances of state-owned enterprises, insurance companies, commercial banks, and social insurance must directly implement the mobilization work for purchasing educational treasury bonds to each unit under their management, ensuring the completion of assigned mobilization targets.

5. Financial Times, Customs Newspaper, Finance Magazine, and other magazines and bulletins of units under the financial system must allocate reporters and establish networks of correspondents to monitor the implementation of the campaign, closely coordinating with central and local news agencies, radio, and television stations to promptly report on the results of purchasing treasury bonds, highlight exemplary cases in participating in purchasing treasury bonds, and promote the campaign for purchasing treasury bonds and the issuance process.

6. Units under and affiliated with the Ministry of Finance at the central level, within their functions and responsibilities, must develop action plans to participate in the general propaganda and mobilization work, while directly mobilizing cadres and civil servants in their units and throughout the system to respond to purchasing educational treasury bonds.

Launch a thrift and consumption campaign across the finance sector, combat wasteful and luxurious lifestyles, and allocate funds for purchasing educational treasury bonds. Cadres, civil servants, and employees of agencies and units under the finance system from central to local levels, especially leaders and party members, must set an example by actively participating in purchasing educational treasury bonds so others can follow.

7. During the process of issuing educational treasury bonds, finance sector agencies and units must focus on enhancing the effectiveness of issuance and saving related costs. State Treasury units must strictly manage the budget for issuance activities and revenue from treasury bond issuance. Any violation of financial discipline will be subject to disciplinary action, administrative penalties, or criminal prosecution according to the law, depending on the severity.

The results of the campaign to purchase educational treasury bonds must be summarized and reported to the Ministry of Finance (Department of Financial Policy and Central State Treasury) weekly, periodically, and immediately after the issuance period ends. Directors of Provincial Departments of Finance and Prices under the central government have the responsibility to assist the Chairmen of Provincial People's Committees in summarizing the issuance results in their respective areas and submitting reports according to the specified deadlines.

9. Immediately following the completion of the issuance period for educational bonds, the Office of the Ministry shall coordinate with the State Treasury Central Office and the Department of Comprehensive Financial Policy to propose a list of collectives and individuals who have achieved success in researching, developing policies and systems, implementing issuance work, and participating in purchasing educational bonds, for timely recognition and reward.

The heads of agencies under and subordinate to the Ministry of Finance, and the heads of financial agencies in localities are responsible for organizing and strictly implementing this Directive.