DECISION OF THE MINISTER OF FINANCE

Regarding the issuance of the Regulation on the Organization and Operation of the Institute of Financial Science - Academy of Finance

 Finance Academy

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THE MINISTER OF FINANCE

- Pursuant to Decree No. 86/2002/NĐ-CP dated November 5, 2002 of the Government stipulating functions, tasks, powers, and organizational structure of ministries and ministerial-level agencies;  duties, powers, and organizational structure of ministries and ministerial-level agencies;

-  Pursuant to Decree No. 77/2003/NĐ-CP  dated July 1, 2003 of  the Government stipulating functions, tasks, powers, and organizational structure of the Ministry of Finance;  duties, powers, and organizational structure of the Ministry of Finance;

-  Pursuant to Decision No. 120/2001/QĐ-BTC dated August 17, 2001 of the Prime Minister on the establishment of the Academy of Finance;

-  Considering the proposal of the Director of the Department of Organization and Cadres and Heads of related units,

DECISION:

Article 1. This Decision promulgates the Regulation on the Organization and Operation of the Institute of Financial Science - Academy of Finance.

Article 2. This Decision takes effect from the date of signature. The Director of the Academy of Finance, the President of the Institute of Financial Science, the Directors of the Departments of Organization and Cadres, Financial Affairs Management, and the Office of the Ministry of Finance, and Heads of related units are responsible for implementing this Decision.

REGULATION ON THE ORGANIZATION AND OPERATIONS OF THE INSTITUTE OF FINANCIAL SCIENCE

(Issued together with the approval decision No.: 127/127/2003/QĐ-BTC dated August 13, 2003 of the Minister of Finance)

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 PART I

GENERAL PROVISIONS

Article 1: The Institute of Financial Science is a revenue-generating public institution under the Academy of Finance, tasked with organizing scientific research activities on economics and finance; managing scientific research activities throughout the sector; implementing scientific research services, transferring and applying research results on economics and finance; participating in training, capacity building, international cooperation, and other activities as prescribed by the Director of the Academy of Finance.

Article 2: The Institute of Financial Science has legal personality, its own seal, and is authorized to open accounts at the State Treasury and commercial banks in accordance with the law.

International trade name: INSTITUTE OF FINANCIAL SCIENCE.

(Abbreviation: IFS)

Chapter II

TASKS AND POWERS OF THE INSTITUTE OF FINANCIAL SCIENCE

Article 3:The Institute of Financial Science is tasked with:

1/ Organizing scientific research activities:

a- Conducting scientific research on economics and finance including basic research, strategic research, applied research, and management technology; researching domestic and international economic and financial issues to serve the formulation of economic and financial policies and strategies for the Ministry and the State.

b- Leading and coordinating with units within the Ministry to conduct research and develop national financial policies and strategies.

c- Researching and resolving issues related to economic and financial policies according to the requirements of the Ministry or the Government; developing proposals, advising on policies and solutions on economics and finance based on orders from central and local state management agencies and the requirements of the Ministry.

d- Organizing economic and financial research and analysis, forecasting to serve policy formulation and leadership operations of the Ministry.

đ- Developing directions and plans for scientific research of the Institute; organizing and managing research projects assigned according to the regulations of the Ministry and the Director of the Academy.

 2/ Managing scientific research activities throughout the sector:

a- Establishing annual research directions for the entire sector, sending them to units within the Ministry as a basis for selecting and developing research topics at the ministry level.

b- Compiling and reporting the registration results of research topics from units to the Financial Science Council for comments to complete and submit to the leadership of the Ministry for approval and assignment of project leaders.

c- Based on the approved list of ministry-level research topics, submitting the research plan, seminar plan, and budget estimate for research and seminars annually to the Ministry of Science and Technology.

d- Preparing a budget allocation plan for research and submitting it to the Financial Science Council for approval by the Ministry. Organizing the distribution of research funds according to progress and results in accordance with the regulations of the Ministry.

e- Organizing the review of research outlines; organizing the review of research results and acceptance of research projects; handling procedures to terminate research projects in accordance with state and Ministry regulations.

f- Implementing administrative and management work of the Financial Science Council.

g- Reporting the situation of scientific research activities throughout the sector as required by the Ministry and competent state agencies.

3/ Organizing the transfer and application of research results according to decisions of the Financial Science Council as prescribed by law; implementing research services based on orders from organizations and individuals.

4/ Providing information on domestic and foreign economic and financial issues to serve the operations of policy formulation and scientific research of the Ministry.

5/ Building, managing, and implementing foreign cooperative research projects as assigned.

6/ Participating in teaching courses for training and capacity building according to regulations issued by the Academy Director; participating in compiling textbooks and materials for training and capacity building of cadres as assigned by the Academy Director.

7/ Reporting the implementation of assigned tasks as prescribed by the Academy Director and the Ministry of Finance.

8/ Performing other tasks assigned by the Minister or the Academy Director.

Article 4: The Institute of Financial Science has the following powers:

1/ To be provided with state and ministry documents, materials, and data on economic and financial management to serve the research activities of the Institute.

2/ To independently organize and implement scientific research activities within the scope of its tasks.

3/ To have the right to sign and implement service contracts for economic and financial research, transfer and application contracts for research results of the Institute in accordance with the law; to select high-applicability ministry-level research topics that have been accepted by the Financial Science Council for publication.

4/ Directly request reports on the research activities of units under and affiliated with the Ministry to serve the compilation of reports on the research situation of the entire sector.

5/ Organize scientific conferences and seminars according to approved plans.

6/ Exchange information related to the Institute's research activities with organizations and individuals both domestically and internationally as prescribed.

7/ Publish Special Information, Information for Leadership, and Financial Information in accordance with the permit issued by the Ministry of Culture, Sports and Tourism.

8/ Be autonomous in financial matters within the scope of assigned tasks; manage and utilize allocated funds and other raised funds in accordance with state regulations and the Academy’s financial management rules.

Chapter III

The organizational structure of the Institute of Financial Science

Article 5:  Organizational structure:

1. The leadership of the Institute of Financial Science includes: Director and several Deputy Directors.

The Director of the Institute of Financial Science is appointed and relieved from office by the Minister of Finance upon the proposal of the Academy Director. Deputy Directors are appointed and relieved from office by the Academy Director upon the proposal of the Director.

2. Departments:

- Research and Synthesis Analysis Department

- Public Finance Research Department

- Corporate Finance Research Department

- Financial Market Research Department

- International Finance Research Department

- Scientific Management and Information Department

- Administrative and Financial Affairs Department.

Each department has a Head and several Deputy Heads.

Leaders of the Institute may concurrently lead Departments or Disciplines of the Academy as stipulated by the Academy Director.

Researchers belonging to the Institute's establishment have the responsibility to participate in training and upgrading courses as prescribed by the Academy Director.

Article 6: The Director of the Institute of Financial Science has the following duties and powers:

1- Submit to the Ministry matters related to the management of research activities of the entire sector.

2- Carry out the duties of the Standing Committee of the Financial Science Council.

3- Submit to the Academy Director:

+ The development orientation and annual research plan of the Institute;

+ The appointment and removal of Deputy Directors, Heads, and Deputy Heads of the Institute;

+ Dispatching Institute staff for study, survey, and overseas scientific conferences;

+ Adjusting salaries, ranks, rewarding, and disciplining Institute staff in accordance with state regulations and the Ministry's delegation.

4- Specify the specific duties and powers of the Institute's departments; issue regulations on cooperation among departments in implementing assigned tasks.

5- Organize the implementation of the Institute's annual and long-term research plans as approved.

6- Attend meetings on major economic and financial projects chaired by the Ministry to support the Institute's research work.

7- Manage the Institute's staff according to the Academy Director's staff management delegation. Coordinate with Party organizations and mass organizations to manage, educate, and train Institute staff.

8- Supervise, inspect, and evaluate the work and activities of units and individuals within the Institute. Regularly report to the Academy Director and relevant units on the Institute's operational status.

Chapter IV

Financial resources and physical facilities of the Institute of Financial Science

Article 7: The Institute of Financial Science is a budgeted unit at level 3. All income and expenditure activities of the Institute are carried out in accordance with the financial management mechanism for revenue-generating public institutions as prescribed by the state and the Academy's financial management regulations.

Article 8: The Institute of Financial Science is responsible for establishing, managing, and implementing the annual budget in accordance with regulations; managing and utilizing financial resources, assets, and technical infrastructure effectively as assigned.

Chapter V

IMPLEMENTING PROVISIONS

Article 9: The Academy Director of Finance and the Director of the Institute of Financial Science are responsible for implementing the provisions of this Regulation. Any additions or amendments to the provisions of this Regulation shall be submitted by the Academy Director of Finance to the Minister of Finance for consideration and decision./.