Directive No. 06/2003/CT-NHNN requires strengthening the liquidation work of People's Credit Funds (PCF) to accelerate progress and ensure political security. This directive focuses on consolidating awareness, perfecting mechanisms and policies, enhancing inspections, and advising local party committees and authorities to support PCF liquidation activities.
适用范围
Governor of the State Bank of Vietnam, Department of Cooperative Credit Institutions, State Bank of Vietnam branches in provinces and centrally governed cities, People's Credit Funds, Vietnam Deposit Insurance Corporation.
要点
- The Governor of the State Bank requests to consolidate awareness that the liquidation work of PCFs is an important component of the project to consolidate the PCF system.
- The Department of Cooperative Credit Institutions shall cooperate with relevant units to study and advise the Governor to perfect mechanisms and policies and enhance inspections of PCF liquidation work.
- State Bank of Vietnam branches in provinces and centrally governed cities shall intensify propaganda and education on the role of PCF liquidation work.
- Advise Provincial Party Committees, Municipal Party Committees, and People's Councils at provincial and municipal levels to strengthen guidance for lower-level party committees and authorities to effectively support the Liquidation Board.
- Improve the organization of the Liquidation Board of PCFs, including involving individuals previously associated with PCFs to ensure responsibility for debt recovery.
🌐 本文件的社会影响
- Positive impact: Accelerate the progress of PCF liquidation, contributing to the consolidation and rectification of the PCF system's operations.
- Negative impact: Costs and burdens on local party committees and authorities in supporting PCF liquidation work.
❓ 常见问题
What does the Governor of the State Bank require?
Require the consolidation of awareness regarding the important role of PCF liquidation work and the perfection of mechanisms and policies.
What must State Bank branches in provinces and centrally governed cities do?
Coordinate with local media to intensify propaganda and education on the role of PCF liquidation work and advise local party committees and authorities to effectively support such activities.
What mechanisms need to be perfected for PCF liquidation work?
Require studying and advising the Governor on mechanisms and policies and resolving issues and obstacles in PCF liquidation work.
When must the organization of the Liquidation Board be completed?
Before November 15, 2003.
全文
DIRECTIVE
On strengthening the guidance and supervision of the liquidation of people's credit funds
______________________
In accordance with the spirit of Directive No. 57-CT/TW dated October 10, 2000 of the Politburo to consolidate and improve the operations of people's credit funds, the State Bank of Vietnam has directed the recovery of operating licenses from people's credit funds that are too weak and unable to return to normal operations. With a resolute spirit of implementation, the work of liquidating people's credit funds whose operating licenses have been revoked in recent times has achieved certain results, contributing to ensuring political security and social order without affecting the operations of the system of people's credit funds.
However, the liquidation work of people's credit funds has also revealed some shortcomings: the understanding of the liquidation work of people's credit funds is not comprehensive, the implementation of the liquidation work of people's credit funds in many places is not resolute; the liquidation councils in many places operate hesitantly and are not proactive; some branches of the State Bank of Vietnam in provinces and cities have not done well in advisory work and seeking assistance from local party committees, authorities, and law enforcement agencies in the liquidation work of people's credit funds; the supervision, urging, and reporting on the effective operation of the liquidation of people's credit funds are still low. These shortcomings have slowed down the progress of liquidation and had a significant impact on the consolidation and improvement of people's credit funds.
To accelerate the progress of the liquidation of people's credit funds, the Governor of the State Bank requests:
1. To thoroughly understand that the liquidation of people's credit funds is an important task in the process of implementing the project to consolidate, perfect, and develop the system of people's credit funds approved by the Prime Minister.
2. The Department of Cooperative Credit Institutions shall act as the main coordinating body to cooperate with relevant units to promptly study and advise the Governor on improving mechanisms and policies to address existing issues and difficulties in the current liquidation work of people's credit funds; strengthen inspections of advisory, directive, and organizational implementation of the liquidation of people's credit funds by provincial and city branches of the State Bank.
3. Provincial and municipal branches of the State Bank under the central government shall focus on implementing:
3.1- Cooperate with local mass media such as newspapers, radio stations, and television stations to intensify propaganda and education to ensure full understanding among local party committees, authorities at all levels, sectors, and the public about the role and importance of the liquidation of people's credit funds, to be completed by the fourth quarter of 2003.
3.2- Advise the Provincial Party Committee, Municipal Party Committee, and People's Councils of provinces and cities to strengthen directives to local party committees, authorities at all levels, and law enforcement agencies to support the liquidation council of people's credit funds to operate effectively (with a focus on supporting the recovery of loans), aiming to conclude the liquidation work of people's credit funds in their respective areas as soon as possible.
3.3- Advise the People's Councils of provinces and cities to improve the organization of the liquidation council of people's credit funds, paying attention to involving individuals previously associated with the people's credit funds (key officials and staff) in the liquidation council to hold them accountable for loan recovery during the liquidation process, while also including representatives of the Central Credit Fund and the Vietnam Deposit Insurance Corporation in the liquidation council of people's credit funds currently undergoing liquidation with remaining debts to the Central Credit Fund and with insurance payments made to depositors, to minimize state asset losses during the liquidation process, to complete the restructuring of this organization before November 15, 2003.
3.4- Direct the liquidation council of people's credit funds to review and classify debts and develop specific plans and measures to recover debts proactively and firmly; for cases where members still owe loans to people's credit funds but are capable of repayment but deliberately delay, and cases where employees of people's credit funds owe money or embezzle assets of people's credit funds, they must be dealt with decisively, and if necessary, prosecution should be sought to recover assets for the state and people's credit funds, to be completed by the fourth quarter of 2003.
3.5- Improve the responsibility and effectiveness of the supervisory team of people's credit fund liquidation to contribute to accelerating the liquidation process of people's credit funds in their respective areas, closely monitoring the payment of debts according to the priority order prescribed by law, to be completed by the fourth quarter of 2003.
3.6- Strictly implement the reporting system regarding the liquidation work of people's credit funds as stipulated.
4. The Central Credit Fund and the Vietnam Deposit Insurance Corporation are responsible for dispatching representatives to participate in the composition of the liquidation council of people's credit funds mentioned in Point 3.3 of this directive; at the same time, actively participate in handling the recovery of member loans in these people's credit funds to minimize state asset losses during the liquidation process.
Heads of relevant departments and bureaus under the State Bank, Directors of provincial and municipal branches of the State Bank under the central government, Chairmen of the Board of Management and General Managers of the Central Credit Fund and the Vietnam Deposit Insurance Corporation are responsible for implementing this Directive.
This Directive takes effect fifteen days after its publication in the Official Gazette.
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