DIRECTIVE

Regarding the response and organization to effectively implement the campaign

for all citizens to purchase government bonds

______________________

In accordance with the spirit of Directive No. 28 CT/TW dated September 24, 2003 of the Politburo on mobilizing all citizens to purchase government bonds to build some important transportation and irrigation works for the country, Resolution No. 414/2003/NQ-UBTVQH11 dated August 29, 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 issuing government bonds to invest in some important transportation and irrigation works for the country, throughout the two years (2003 and 2004), the whole country has raised over 10 trillion VND for investment in transportation and irrigation projects according to the approved project list by the Government, many projects have shown significant effectiveness.

To continue meeting the urgent need for capital investment in transportation and irrigation works, especially those in mountainous areas as stipulated in Resolution No. 33/2004/QH11 dated November 9, 2004 of the National Assembly, the Prime Minister decided to increase the mobilization level during the period from 2003 to 2010 from  63 trillion VND to 110 trillion VND. Therefore, from 2005 to 2010, government bonds must be issued amounting to 100 trillion VND, with approximately 17 to 20 trillion VND being raised each year.

To successfully implement the policy and tasks assigned by the Party and State, the Minister of Finance requests all agencies and units within the Ministry of Finance to pay attention to directing and coordinating the implementation of the following key tasks:

1. Unify understanding and organize the implementation, considering the mobilization of government bonds for investment in some important transportation and irrigation works of the country as a key task of the Ministry of Finance in 2005 and subsequent years. Central and local agencies must proactively develop plans to organize the issuance of government bonds right at the beginning of the year, aiming to achieve the highest results and ensure the set goals and requirements.

2. Provincial Departments of Finance and State Treasury Branches under central cities have the responsibility to assist People's Committees in building specific plans and assigning targets for purchasing government bonds to organizations and residential areas; seek guidance from Party committees, closely coordinate with the Vietnam Fatherland Front, relevant departments, mass organizations, and media outlets in their respective regions, effectively carry out propaganda, mobilization, and guidance for organizations and individuals to participate in purchasing government bonds, striving to complete the assigned targets.

3. Units within the State Treasury system shall organize government bond issuance points equipped with necessary facilities and equipment to facilitate purchasers of government bonds, ensuring rapid and smooth issuance of government bonds; avoid causing inconvenience and wasting people's time, and take measures to ensure absolute safety in organizing, managing, and transporting funds and bond seals, preventing any loss of state assets.

The revenue from the issuance of government bonds must be managed according to the current financial regulations and promptly allocated to transportation and irrigation projects in accordance with the provisions of the Government.

4. Departments and Bureaus responsible for financial management of state-owned enterprises, insurance companies, commercial banks, social insurance... shall directly implement the mobilization work for purchasing government bonds to each unit under their jurisdiction, regularly monitor and urge implementation, ensuring the completion of assigned tasks.

5. Financial information and press agencies shall closely follow the progress and implementation of the campaign, closely cooperate with central and local news agencies, radio, and television stations, promptly publicize the results of purchasing government bonds, highlight good examples and the campaign for all citizens to participate in purchasing government bonds.

6. Units under and affiliated with the Ministry of Finance need to urgently develop action plans, actively participate in joint propaganda and mobilization efforts, while directly mobilizing mass organizations to encourage cadres and civil servants within their units and throughout the system to respond to purchasing government bonds.

The State Treasury system needs to organize information and reporting work well to serve timely directive and management by the Ministry of Finance and local People's Committees during government bond issuance campaigns.

Heads of agencies under and affiliated with the Ministry of Finance, heads of local finance agencies are responsible for strictly organizing and implementing this Directive.