Directive No. 07/2003/CT-BTC of the Minister of Finance: On implementing the campaign to purchase government bonds for investment in constructing important transportation and irrigation works of the country

DIRECTIVE OF THE MINISTER OF FINANCE

Regarding the implementation of the campaign to purchase government bonds for investment

to build some important transportation and water conservancy projects of the country

Implementing Directive No. 28-CT/TW dated September 24, 2003 of the Politburo, Resolution No. 414/2003/NQ-UBTVQH11 dated September 28, 2003 of the Standing Committee of the National Assembly, and Decision No. 182/2003/QĐ-TTg dated September 5, 2003 of the Prime Minister on the issuance of government bonds for investment in building some important transportation and water conservancy projects of the country, the Minister of Finance requests all units under the Ministry of Finance at central and local levels to closely coordinate with relevant levels and sectors to thoroughly understand the purpose and significance and organize the implementation of the following key tasks:

1. The entire finance sector must recognize this as a key task for the year 2003 and subsequent years. Units within their functional and operational scope must promptly develop plans for implementation and organize the issuance of government bonds according to the prescribed time frame.

2. Provincial Departments of Finance and Prices shall take the lead, in coordination with the State Treasury, to assist People's Committees in developing plans to mobilize bond purchases down to each organization and community; they should seek guidance from Party committees, closely cooperate with the Vietnam Fatherland Front, various mass organizations, and organize campaigns to promote and guide organizations and individuals within their jurisdiction to participate in purchasing bonds, striving to complete assigned targets.

3. The Central State Treasury shall direct provincial and municipal State Treasuries to establish sufficient distribution points for issuing bonds with necessary facilities to facilitate purchasers; ensuring the rapid and secure issuance of government bonds.

State Treasury units must ensure the absolute safety and confidentiality of bond stamps and funds, preventing any loss, misuse, or damage to the state.

4. Units responsible for financial management of insurance enterprises, commercial banks, and social insurance must cooperate in implementing campaigns to mobilize bond purchases down to each unit under their jurisdiction, ensuring the successful achievement of assigned fundraising targets.

5. Within their functional and operational scope, units must strengthen the management of funds raised through bond issuance and the supervision of fund usage, ensuring timely disbursement, appropriate purposes, and adherence to regulations.

6. The Financial News, the website, Customs Newspaper, Finance Magazine, and other publications of units under the finance system must allocate reporters and establish networks of contributors to monitor the implementation of the campaign, closely coordinating with central and local news agencies, radio, and television stations to promptly report and promote the purchase of bonds, results of bond purchases, and the management and use of funds raised through government bonds.

7. Central units under the Ministry of Finance within their functional and operational scope must participate in promotional and mobilization activities, while directly cooperating with mass organizations to mobilize cadres and civil servants within their units and throughout the system, especially leaders and party members, to set an example in purchasing government bonds so that others may follow.

8. Results of government bond purchases must be compiled and reported weekly and immediately after each bond issuance period to the Ministry of Finance (Central State Treasury). Provincial State Treasury Directors have the responsibility to coordinate with Provincial Departments of Finance and Prices to compile and submit reports to the Ministry of Finance and the Chairman of the People's Committee of the province or city regarding bond issuance results in their jurisdictions as stipulated.

9. Regularly hold press conferences every quarter to announce the results of capital raising and utilization from government bonds. At the central level, the State Treasury shall take the lead, coordinating with the Office of the Ministry, Investment Department, Public Finance Department, and State Budget Department to organize press conferences. At the local level, the State Treasury shall take the lead, coordinating with Provincial Departments of Finance and Prices to organize press conferences.

Heads of units under and affiliated with the Ministry, heads of local finance agencies bear the responsibility for organizing the implementation of the above tasks and coordinating with related agencies to strictly implement this Directive.