Decision No. 08/2013/QD-TTg On Accounting Regulations Applicable to the State Bank of Vietnam

Pursuant to …;

On Accounting Regulations Applicable to the State Bank of Vietnam

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Pursuant to the Law on Organization of the Government dated December 25, 2001;

Based on the Accounting Law dated June 17, 2003;

Pursuant to the Law on the State Bank of Vietnam dated June 16, 2010;

Pursuant to Decree No. 35/2007/NĐ-CP dated March 8, 2007 on electronic transactions in banking activities;

At the proposal of the Governor of the State Bank of Vietnam and the Minister of Finance,

The Prime Minister promulgates this Decision on Accounting Regulations Applicable to the State Bank of Vietnam.

Article 1. This Decision stipulates Accounting Regulations applicable to the State Bank of Vietnam (hereinafter referred to as the State Bank). The Accounting Regulations applicable to the State Bank consist of four (4) parts:

1. Accounting Account System.

2. Accounting Documents.

3. Accounting Books.

4. Financial Statements.

Article 2. Accounting Account System

1. The accounting account system of the State Bank includes accounting accounts necessary for reflecting economic and financial transactions occurring in the operations of the State Bank. The accounting account system of the State Bank comprises the following groups and accounts:

a) Capital injection, mandatory reserves, open market operations, and other instruments as prescribed by the Government to implement national monetary policy;

b) Issuance of currency and liabilities;

c) Loans, guarantees, and advances to the state budget;

d) Payment activities and cash management;

đ) Foreign exchange management and foreign exchange operations;

e) Fixed assets and other assets;

g) Capital, funds, and results of operations of the State Bank;

h) Income and expenses of the State Bank;

i) Other assets related to the State Bank.

2. The Governor of the State Bank shall specify and guide in detail the accounting accounts, the accounting account system, and the accounting methods on these accounts according to Vietnamese accounting standards, consistent with the operational mechanisms of the State Bank.

Article 3. Accounting Documents and Accounting Books

1. The Governor of the State Bank shall specify and guide in detail the accounting documents and accounting books of the State Bank in accordance with current laws on accounting and electronic transactions in banking activities.

2. The translation of accounting documents generated outside the territory of Vietnam recorded in a foreign language when used to record in the accounting books of the State Bank and the writing of figures in the joint circular on accounting, accounting books shall be specified and guided by the Governor of the State Bank in accordance with the requirements for processing and managing economic and financial transactions arising.

Article 4. Financial Statements of the State Bank

1. The financial statements of the State Bank include:

a) Balance Sheet;

b) Income, expense, and operational result statement;

c) Notes to the financial statements.

2. The content, method, consolidation, and presentation of the financial statements of the State Bank shall be specified by the Governor of the State Bank based on Vietnamese accounting standards, management requirements for the State Bank, and international standards and practices applicable to central banks.

State-owned enterprises that have been assigned by the Ministry of Agriculture and Rural Development to conduct offshore wind power project surveys before the effective date of this Circular shall continue to implement according to the assigned documents; any new matters arising after the effective date of this Circular shall be implemented in accordance with the provisions of this Circular.

1. The State Bank of Vietnam continues to implement accounting regulations issued before the effective date of this Decision. The issuance, amendment, and supplementation of detailed regulations and guidance on accounting regulations applicable to the State Bank shall be carried out in accordance with the provisions of this Decision.

2. The Ministry of Finance shall coordinate and provide comments on the construction, issuance, and amendment and supplementation of detailed regulations and guidance on accounting regulations applicable to the State Bank.

Article 6. Implementation Provisions

This Decision takes effect from March 15, 2013. Ministers, Heads of ministerial-level agencies, Heads of agencies under the Government, Heads of central-level agencies, and Heads of relevant agencies are responsible for implementing this Decision. 

PRIME MINISTER
(Signed)
Nguyen Tan Dung