Decision No. 206/1998/QĐ-NHNN6 on the issuance of regulations for the management of import and export of specialized banking equipment and machinery

Pursuant to …;

Regarding the issuance of regulations on the management of import and export of banking-specific equipment and machinery

Căn cứ Pháp lệnh Ngân hàng Nhà nước ngày 23/05/1990;

GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to the State Bank Law 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;

Pursuant to Decree No. 89/CP dated December 15, 1995 of the Government on the abolition of procedures for issuing permits for the import and export of goods on a voyage-by-voyage basis;

At the proposal of the Head of the Issuance and Treasury Department.

Pursuant to …;

Article 1:Now hereby promulgating with this Decision the "Regulations on the Management of Import and Export of Banking-Specific Equipment and Machinery."

Article 2: THIS DECISION SHALL TAKE EFFECT 15 DAYS FROM THE DATE OF SIGNATURE.

Article 3: The Director of the Governor's Office, the Head of the Issuance and Treasury Department, the General Director of the Bank of Vietnam Material Company, the Directors of the printing houses of the Bank of Vietnam, the Directors of the Bank of Vietnam Mechanical Enterprises, the Heads of units directly under the State Bank of Vietnam, the General Directors, and the Directors of commercial banks and central credit cooperatives, and enterprises engaged in the import and export of banking-specific equipment and machinery shall be responsible for implementing this Decision.

REGULATIONS

MANAGEMENT OF IMPORT AND EXPORT OF BANKING-SPECIFIC EQUIPMENT AND MACHINERY

(Issued together with Decision No. 206/1998/QĐ-NHNN6, dated June 11, 1998 of the Governor of the State Bank of Vietnam)

Banking-specific equipment and machinery are those items with technical features and value in bank operations such as production, preservation, transportation, counterfeit prevention, etc.

The State Bank of Vietnam is assigned by the Government the task of managing the import and export of banking-specific equipment and machinery according to the Government's export and import policy for each period.

This technical regulation sets out technical requirements, testing methods, sampling procedures; management requirements; responsibilities of organizations and individuals producing, trading, and importing cigarettes.

Article 1: Annually, the State Bank of Vietnam agrees with the Ministry of Commerce to submit to the Government for approval and publication the list of banking-specific equipment and machinery managed for import and export by the State Bank (Annex No. 01).

Article 2:Enterprises with business licenses for the import and export of relevant industries may engage in the import and export of banking-specific equipment and machinery (except those items classified as confidential within the banking industry, Annex No. 02).

Article 3:The Governor of the State Bank of Vietnam assigns the Head of the Issuance and Treasury Department to be responsible for reviewing and approving the import and export of banking-specific equipment and machinery (including samples) by domestic and foreign enterprises engaged in import and export activities, in accordance with these Regulations.

Article 4: Enterprises outside the banking industry are not permitted to import or export banking-specific equipment and machinery classified as confidential within the banking industry. In exceptional cases, permission must be obtained from the Governor of the State Bank of Vietnam.

II. SPECIFIC PROVISIONS

Article 5: The State Bank of Vietnam assigns units with import and export functions within the State Bank to handle the import and export of items classified as confidential within the banking industry.

Article 6:Enterprises engaged in the import of used banking-specific equipment and machinery must comply with the current regulations of the Ministry of Science and Technology and Environment.

Procedures for issuing import and export permits:

Article 7: 8.1. Enterprises shall submit to the Issuance and Treasury Department, State Bank of Vietnam:

Article 8: A letter requesting permission to import or export (detailing the main contents according to the model in Annex No. 03).

Copies of the enterprise establishment license and the import and export business license (certified true copies).

Catalogs introducing technical specifications, code symbols, brand names, and country of manufacture of the goods.

8.2. Within no more than ten days from the date when enterprises have submitted all required documents as stipulated in Article 8.1, the Issuance and Treasury Department shall be responsible for reviewing and issuing the permit or providing a written response explaining the reasons for not issuing the import and export permit for banking-specific equipment and machinery to the enterprise.

Provisions on reporting requirements:

9.1. For enterprises granted annual quotas for the import and export of banking-specific equipment and machinery:

Article 9: They must report to the Issuance and Treasury Department of the State Bank of Vietnam on their implementation of import and export activities monthly; at year-end, they must provide a written report and evaluation of the results achieved.

9.2. For enterprises granted quotas for the import and export of banking-specific equipment and machinery on a voyage-by-voyage basis:

After completing the import and export activities, they must provide a written report and evaluation of the results achieved.

III. IMPLEMENTATION PROVISIONS

Enterprises engaged in the import and export of banking-specific equipment and machinery are obligated to comply with these Regulations and other national regulations on import and export. Any violations will be subject to legal action depending on the severity.

(Issued together with Decision No. 206/1998/QĐ-NHNN6 dated June 11, 1998 of the Governor of the State Bank of Vietnam)

Article 10: LIST OF BANKING-SPECIFIC EQUIPMENT AND MACHINERY MANAGED FOR IMPORT AND EXPORT IN 1998 AS FOLLOWS:

Article 11: Amendments and supplements to this Regulation shall be decided by the Governor of the State Bank.

ANNEX NO. 01

Multi-functional money counting, sorting, bundling, and destruction machines
Special paper for printing currency and valuable documents

Ink for printing currency
Machines for pressing counterfeit-resistant blanks and counterfeit-resistant blanks used for producing currency

APPENDIX NO. 02

Multi-functional money counting, sorting, bundling, and destruction machines
Cash vault doors

Various types of blank credit cards
Color photocopiersTHE OLD POINT 3 WITH NEW POINT 3:

ANNEX NUMBER 03

Multi-functional money counting, sorting, bundling, and destruction machines
Cash vault doors

5. Quantity.

6. Unit price, total value

7. Country of origin of goods.

8. Payment terms.

9. Source of funds.

10. Delivery time.

11. Time of arrival at Vietnamese customs (for imports).

12. Means of transport./.

Q. GOVERNOR

9. Source of funds.

10. Delivery period.

11. Time for goods to arrive at the Vietnamese customs border (imported goods).

12. Means of transportation./.