Decision No. 136/QD-NH2 On supplementing certain accounts to the accounting system of credit institutions

Pursuant to …;

OF THE HEAD OF THE STATE BANK

Regarding the addition of certain accounts to the accounting system of credit organizations 

GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to the Ordinance on the State Bank, the Ordinance on Banks, Credit Cooperatives, and Financial Companies dated May 23, 1990;

Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of Ministries and ministerial-level agencies;

At the proposal of the Director of the Accounting and Finance Department of the State Bank of Vietnam; 

DECISION:

Article 1. To supplement and rename some accounts in the accounting system of credit organizations issued pursuant to Decision No. 41/QĐ-NH2 dated March 6, 1993 and Circular No. 02/TT-NH2 dated April 19, 1993 of the Governor of the State Bank of Vietnam as follows:

1. Add Account 35 - Other foreign currency loans.

This account includes the following second-level accounts:

354 - Loans with foreign currency from sponsored funds, entrusted investments.

359 - Overdue loans with foreign currency from sponsored funds, entrusted investments.

1.1. Account 354 - Loans with foreign currency from sponsored funds, entrusted investments.

This account is used to record the amount of foreign currency that credit organizations lend to economic organizations and individuals using sponsored funds and entrusted investments from international organizations and other organizations.

This account includes the following third-level accounts:

3541 - Received directly from international organizations.

3542 - Received from the government for relending according to designated purposes.

3543 - Received from the government to increase operational capital.

a. Account 3541 - Received directly from international organizations

This account is used to record the amount of foreign currency that credit organizations lend to economic organizations and individuals using sponsored funds and entrusted investments from international organizations and other organizations directly transferred to credit organizations.

Debit side records: - The value of foreign currency lent to economic organizations and individuals.

Credit side records: - The value of foreign currency repaid by economic organizations and individuals.

Foreign currency transferred to overdue debt account.

Debit balance reflects the value of foreign currency still owed by economic organizations and individuals.

Detailed entries:

Open sub-accounts according to each economic organization and individual borrowing foreign currency.

b. Account 3542 - Received from the government for relending according to designated purposes.

This account is used to record the amount of foreign currency that credit organizations lend to economic organizations and individuals using sponsored funds and entrusted investments from the government borrowed from international organizations and transferred to credit organizations for relending according to designated purposes.

The content of account 3542 is similar to the content of account 3541.

c. Account 3543 - Received from the government to increase operational capital.

This account is used to record the amount of foreign currency that credit organizations lend to economic organizations and individuals using sponsored funds and entrusted investments from the government borrowed from international organizations and transferred to credit organizations to increase operational capital.

The content of account 3543 is similar to the content of account 3541.

1.2. Account 359 - Overdue loans with foreign currency from sponsored funds, entrusted investments.

This account is used to record the amount of foreign currency that credit organizations lend to economic organizations and individuals using sponsored funds and entrusted investments that have become overdue.

This account includes the following third-level accounts:

3591 - Overdue loans with foreign currency from sponsored funds, entrusted investments received directly from international organizations.

3592 - Overdue loans with foreign currency from sponsored funds, entrusted investments received from the government for relending according to designated purposes.

Debit side records: - The value of foreign currency lent that has become overdue (transferred from the loan account with foreign currency from sponsored funds and entrusted investments).

Debit balance reflects the value of foreign currency lent to economic organizations and individuals that have become overdue.

Credit side records: - The value of foreign currency repaid by economic organizations and individuals.

Open sub-accounts according to each economic organization and individual with overdue debts not yet paid.

Detailed entries:

2. Add Account 704 - Sponsored and entrusted investment funds in foreign currency. This account is used to record the amount of sponsored and entrusted investment funds in foreign currency from international organizations and other organizations transferred to credit organizations for use according to designated purposes.

7041 - Sponsored and entrusted investment funds in foreign currency received directly from international organizations.

This account includes the following third-level accounts:

7042 - Sponsored and entrusted investment funds in foreign currency received from the government for relending according to designated purposes.

7043 - Sponsored and entrusted investment funds in foreign currency received from the government to increase operational capital. The content of these accounts is similar to the content of account 703.

3. Rename Account 703 "Sponsored and Entrusted Investment Funds" to "Sponsored and Entrusted Investment Funds in Vietnamese Dong".

The Chief of the Governor's Office, Directors of the Accounting and Finance Department, Heads of units under the Central Bank of Vietnam, General Directors, Directors of credit organizations, and Branch Directors of the State Bank of Vietnam are responsible for implementing this Decision./.

Article 2: This Decision shall take effect from the date of signing.

Article 3:

The Director of the Governor's Office, the Head of the Accounting-Finance Department, the Heads of other departments, the Heads of units under the State Bank of Vietnam, the General Directors, the Directors of credit organizations, and the Directors of State Bank branches shall be responsible for implementing this Decision./.