Decision No. 183/2000/QĐ-NHNN On supplementing and abolishing certain accounts in the State Bank of Vietnam Accounting System issued pursuant to Decision No. 425/1998/QĐ-NHNN dated December 17, 1998 of the Governor of the State Bank of Vietnam.

DECISION OF THE GOVERNOR OF THE STATE BANK OF VIETNAM

Regarding the supplementation and cancellation of certain accounts in the Accounting System issued pursuant to Decision No. 425/1998/QĐ-NHNN2 dated December 17, 1998 of the Governor of the State Bank of Vietnam

Pursuant to the Law on the State Bank of Vietnam No. 01/1997/QH10 dated December 12, 1997;

: Supplementing certain accounts into the accounting system of the State Bank of Vietnam issued together with Decision No. 425/1998/QĐ-NHNN2 dated December 17, 1998 of the Governor of the State Bank of Vietnam as follows:

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GOVERNOR OF THE STATE BANK OF VIETNAM

1. Supplementing Account 323 "Receivables for Construction Projects":

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,

DECISION:

Article 1This account includes the following third-level accounts:

3231 - Advance payments for construction projects to projects

3232 - Capital for construction projects deposited at commercial banks

3233 - Advance payments for construction projects to Party B

3239 - Other receivables

The contents of accounting entries for these third-level accounts are as follows:

Account 3231

- Advance payments for construction projects to projects

This account is only opened at the State Bank of Vietnam (Department of Accounting and Finance) for recording the amount of capital for construction projects temporarily advanced by the State Bank of Vietnam to projects.- Amount of advance payment.

- Amount of recovered advance payment.- Amount processed and transferred to appropriate accounts.- Reflects the amount of advance payment currently outstanding to State Bank of Vietnam units for construction projects. - Open detailed accounts for each project and construction project.

Detailed entries: - Amount withdrawn for use in construction projects.

- Reflects the amount of capital for construction projects still deposited at commercial banks. - Open detailed accounts for each project and construction project.

Account 3233- Advance payments for construction projects to Party BThis account is opened at Branches of the State Bank of Vietnam, Department of Information Technology, Department of Administration, Representative Office of the State Bank of Vietnam in Ho Chi Minh City (Party A) for recording the amount of capital temporarily advanced by State Bank of Vietnam units to customers (Party B) during the implementation of investment construction projects.

Detailed Accounting- Other receivables

This account is opened for recording other receivables related to construction projects arising during operations, outside the scope of appropriate accounts. - Amount of receivable.

Account 3233- Amount received.Amount processed and transferred to appropriate accounts.

Debit side records: Account 3232

Credit side records: - Capital for construction projects deposited at commercial banks

Debit balance: - Reflects the amount of receivables still outstanding to State Bank of Vietnam units.

Detailed Accounting- Open detailed accounts for each customer responsible for payment.

2. Supplementing Account 466 "Payables for Construction Projects": Capital for construction projects temporarily advanced by the State Bank of Vietnam to projects

Account 3233- Amount received.Retained warranty money for construction projects, fixed assets not yet due for repayment

Debit side records: Account 4661

Credit side records: - Capital from the State Budget allocated to projects

This account is used for tracking the amount of capital for construction projects allocated and paid by the State Budget based on the value of completed construction works.

Debit balance: - Use of State Budget capital for construction projects.

Detailed entries: - Settlement of State Budget capital for construction projects with the State Bank of Vietnam upon completion and approval of final accounts.

- Reflects the amount of State Budget capital allocated and payable for completed construction projects not yet settled.

3232 - Capital for construction projects deposited at commercial banks

- Advance payments for construction projects to projects

This account is used for recording the amount of construction project capital temporarily advanced by the State Bank of Vietnam and received by the unit. - Amount of construction project capital received from the State Bank of Vietnam.

Account 3233- Amount received.- Settlement of construction project capital with the State Bank of Vietnam upon completion and approval of final accounts.

Detailed entries: - Amount withdrawn for use in construction projects.

This account is used for recording the warranty money for construction projects (currently 5% of the project value) retained by the unit undertaking the project. - Amount of warranty money for construction projects and fixed assets retained by the State Bank of Vietnam.

Account 3233- Amount received.- Amount of warranty money for construction projects and fixed assets paid by the State Bank of Vietnam to the contractor.

Detailed entries: - Amount withdrawn for use in construction projects.

- Other payablesThis account is used for recording other payables related to construction projects arising during operations, outside the scope of appropriate accounts.

Account 3233- Amount received.- Amount of payable.

Detailed entries:3. Supplementing Account 464

"Deposits Received" with the following third-level account: Account 4644

Account 3233- Amount received.- Deposits for registering to bid for State Bank of Vietnam Treasury Bills

Detailed entries:- Open detailed accounts for each credit institution depositing funds to participate in bidding for State Bank of Vietnam Treasury Bills.

Supplementing Account 901 "Unannounced Currency in Circulation" with the following two third-level accounts:

9011 - Unannounced Currency in Circulation kept at the Central Cash Vault 9012 - Unannounced Currency in Circulation kept at Branch Cash Vaults

Account 9011 is only opened at the Department of Accounting and Finance (State Bank of Vietnam).

Detailed entries:- Open a detailed account for each credit institution depositing bid bonds to participate in bidding to purchase central bank bills.

4.- Supplement to Account 901 "Unannounced Circulating Funds" with the following two third-level accounts:

9011 - Unannounced Circulating Funds kept at the Central Bank Vault

9012 - Unannounced Circulating Funds kept at the Branch Vault

Scope of Application:

Account 9011 shall only be opened at the Accounting and Finance Department (State Bank).

Account 9012 shall be opened at the Trading Department, branches of the State Bank of Vietnam in provinces and centrally governed cities.

Content of accounting entries:

These two accounts are used to reflect the amount of paper money and metal coins that have been printed or minted but not yet announced for circulation and are being stored in the State Bank's currency warehouses.

Credit side records: - The amount of money received into the warehouse.

Debit side records: - The amount of money withdrawn from the warehouse or transferred to the reserve currency warehouse that has been announced for circulation.

Remaining balance:- Reflecting the amount of national reserves not yet announced for circulation currently being stored.

Detailed entries:

Open two detailed accounts:

1- Paper money.

2- Metal coins.

At the Accounting and Finance Department: Detailed tracking must be conducted for each central currency warehouse and by type of currency.

5.- Supplement to Account 911 "Unissued Payment Drafts" with the following third-level accounts:

9111 - Unissued Payment Drafts kept at the Central Currency Warehouse

9112 - Unissued Payment Drafts kept at Branch Currency Warehouses

Scope of Application:

Account 9111 shall only be opened at the Accounting and Finance Department (State Bank of Vietnam).

Account 9112 shall be opened at the Trading Department, branches of the State Bank of Vietnam in provinces and centrally governed cities.

Content of accounting entries:

These two accounts are used to reflect the value (face value) of payment drafts that have been printed but not yet issued (before the issuance date when they are allowed to circulate) and are being stored in the State Bank's currency warehouses.

Credit side records: - The value (face value) of payment drafts received and entered into the warehouse.

Debit side records: - The value (face value) payment drafts permitted for issuance.

Remaining balance: - Reflecting the value (face value) of payment drafts not yet permitted for issuance still in the warehouse.

Detailed entries:

Detailed accounts should be opened according to each term and each denomination.

At the Accounting and Finance Department: Detailed tracking must be conducted for each central currency warehouse.

6.- Supplement Account 919 "Unissued Payment Drafts in Transit"

This account is used to reflect the value (face value) of unissued payment drafts in transit to State Bank units (Receiving unit).

Detailed entries:

Detailed accounts should be opened according to each receiving unit of unissued payment drafts.

Article 2: Abolish Account 4611 "Amounts Payable for Basic Construction and Fixed Asset Purchases" in the Accounting System of the State Bank of Vietnam promulgated by Decision No. 425/1998/QĐ-NHNN2 dated December 17, 1998 of the Governor of the State Bank of Vietnam.

Procedures for handling data upon abolition of the account: The credit balance on Account 4611 shall be settled and transferred to Account 466 "Amounts Payable for Basic Construction" (transferred to corresponding third-level accounts).

Article 3: This Decision takes effect 15 days from the date of signature.

Article 4: The Director of the Office, Heads of the Accounting and Finance Department, Heads of units under the State Bank of Vietnam, Directors of Branches of the State Bank of Vietnam in provinces and centrally governed cities are responsible for implementing this Decision./.