Decision No. 21/2007/QĐ-NHNN of the Governor of the State Bank of Vietnam revokes Decision No. 987/2004/QĐ-NHNN on the issuance of Financial Regulations for revenue-generating public service units under the State Bank of Vietnam. These units will implement financial mechanisms according to Decree No. 07/2006/NĐ-CP.
Scope of application
Revenue-generating public service units under the State Bank of Vietnam include The Banking Times, The Banking Magazine, and The Credit Information Center.
Key points
- Revenue-generating public service units under the State Bank of Vietnam no longer implement the Financial Regulations issued in 2004;
- Instead, they will comply with the financial mechanism stipulated in Decree No. 07/2006/NĐ-CP;
🌐 Social impact of this document
- The positive impact is ensuring the consistency and effectiveness of the legal system regarding the State Bank of Vietnam's finance;
- Negative impacts may include instability during the transition to the new financial mechanism for related units;
❓ Frequently asked questions
What regulations will revenue-generating public service units under the State Bank of Vietnam follow?
According to Decree No. 07/2006/NĐ-CP dated January 10, 2006 of the Government on the financial regime of the State Bank of Vietnam.
When does this decision take effect?
This decision takes effect 15 days from the date of publication in the Official Gazette.
What actions must the relevant units undertake pursuant to this decision?
The Director of the Office, the Head of the Accounting-Finance Department, the Chief Editor of The Banking Times, the Chief Editor of The Banking Magazine, the Director of The Credit Information Center, and the Heads of related units under the State Bank of Vietnam are responsible for implementing this decision.
What is the reason for revoking Decision No. 987/2004/QĐ-NHNN?
The decision was based on document No. 3765/BTC-TCNH dated March 19, 2007 of the Ministry of Finance and the proposal of the Head of the Accounting-Finance Department.
Which units are included in the revenue-generating public service units under the State Bank of Vietnam?
The units include The Banking Times, The Banking Magazine, and The Credit Information Center.
Full text
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STATE BANK OF VIETNAM ****** |
SOCIALIST REPUBLIC OF VIETNAM ******** |
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Number: 21/2007/QĐ-NHNN |
Hanoi, May 17, 2007 |
DECISION
Repeals Decision No. 987/2004/QĐ-NHNN dated August 5, 2004 of the Governor of the State Bank of Vietnam on the issuance ofFinancial Regulations for revenue-generating public service units under the State Bank of Vietnam
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GOVERNOR OF THE STATE BANK OF VIETNAM
Pursuant to the Law on the State Bank of Vietnam 1997; the Law Amending and Supplementing Certain Provisions of the Law on the State Bank of Vietnam 2003;
Pursuant to the Law on Enacting Legal Normative Documents 1996; the Law Amending and Supplementing Certain Provisions of the Law on Enacting Legal Normative Documents 2002;
Pursuant to Decree No. 52/2003/ND-CP dated May 19, 2003, issued by the Government, detailing the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;
Pursuant to Decree No. 07/2006/NĐ-CP dated January 10, 2006 of the Government on the financial system of the State Bank of Vietnam.
Based on Document No. 3765/BTC-TCNH dated March 19, 2007 of the Ministry of Finance;
At the proposal of the Director of the Accounting and Finance Department,
DECISION:
Article 1.Repeals Decision No. 987/2004/QĐ-NHNN dated August 5, 2004 of the Governor of the State Bank of Vietnam on the issuance of Financial Regulations for revenue-generating public service units under the State Bank of Vietnam.
Article 2Revenue-generating public service units under the State Bank of Vietnam (including: The Banking Times, The Banking Magazine, Credit Information Center) shall implement the financial mechanism according to Decree No. 07/2006/NĐ-CP dated January 10, 2006 of the Government on the financial system of the State Bank of Vietnam.
Article 3.This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
Article 4. The Head of the Office, the Director of the Accounting and Finance Department, the Editor-in-Chief of The Banking Times, the Editor-in-Chief of The Banking Magazine, the Director of the Credit Information Center, and the Heads of related units under the State Bank of Vietnam are responsible for implementing this Decision.
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