Decision No. 175/2007/QĐ-TTg On the establishment of the National Financial and Monetary Policy Advisory Council

Pursuant to …;

Regarding the establishment of the National Financial and Monetary Policy Advisory Council

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PRIME MINISTER

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

Pursuant to the Law on the State Bank of Vietnam dated December 12, 1997 and the Law Amending and Supplementing Certain Provisions of the Law on the State Bank of Vietnam dated June 17, 2007;

Considering the proposal of the State Bank of Vietnam and the Ministry of Finance,

DECISION:

Article 1. The National Financial and Monetary Policy Advisory Council is established to advise the Government and the Prime Minister on planning and deciding important issues regarding financial and monetary policies within the tasks and powers of the Government and the Prime Minister.

Article 2. The National Financial and Monetary Policy Advisory Council shall have the following tasks:

1. Discussing and proposing to the Government, the Prime Minister major policies, large projects, and important issues in the field of finance and money.

2. Advising the Government and the Prime Minister on financial and monetary policies, plans for each period; measures for directing and implementing these policies and plans effectively.

3. Advising on certain other issues related to the implementation of financial and monetary policies when requested The Prime Minister assigns.

Article 3. by the National Financial and Monetary Policy Advisory Council in accordance with its advisory principles and working regulations stipulated by the Prime Minister.

Article 4. The composition of members of the National Financial and Monetary Policy Advisory Council includes:

1. The Chairman of the Council is a Deputy Prime Minister.

2. A Vice-Chairman of the Council responsible for specialized duties.

3. Permanent members include the Governor of the State Bank of Vietnam.

4. Members are leaders of relevant ministries and agencies and some experts with deep knowledge in the fields of finance and money.

Article 5. Secretariat to assist the Council

1. The Council has a Secretariat that operates on a part-time basis.

2. The Secretariat consists of:

a) A Secretary-General, held by a leader of a department of the State Bank of Vietnam;

b) Other members comprising staff from related agencies such as: the Ministry of Finance, the Office of the Government, the State Bank of Vietnam, the National Financial Supervisory Authority.

The list of members and the Secretariat of the National Financial and Monetary Policy Advisory Council is issued in the Appendix to this Decision. The appointment and replacement of members of the National Financial and Monetary Policy Advisory Council are governed by the Prime Minister for decision.

Article 6. This Decision takes effect from the date of issuance, replacing Decision No. 200/1999/QĐ-TTg dated October 6, 1999, No. 124/2001/QĐ-TTg dated August 22, 2001, and previous documents concerning the membership of the National Financial and Monetary Policy Advisory Council.

Article 7. Ministers, Heads of ministerial-level agencies, Heads of government-affiliated agencies, Chairpersons of provincial People's Committees under central cities, and members of the National Financial and Monetary Policy Advisory Council are responsible for implementing this Decision./.