Decision No. 218/1998/QĐ-NHNN1 on assigning tasks to Vietnam Commercial Joint Stock Bank for managing and lending funds from the Training Credit Fund

Pursuant to …;

Regarding the assignment of tasks to the Vietnam Commercial Joint Stock Bank for managing and lending funds from the Training Credit Fund
to manage and lend funds from the Training Credit Fund

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 Decision No. 51/1998/QĐ-TTg dated March 2, 1998 of the Prime Minister establishing the Training Credit Fund;

At the proposal of the Director of the Economic Research Department, General Director of the Vietnam Commercial Joint Stock Bank,

Pursuant to …;

Article 1. Now, the task is assigned to the Vietnam Commercial Joint Stock Bank to manage and lend funds from the Training Credit Fund established pursuant to Decision No. 51/1998/QĐ-TTg dated March 2, 1998 of the Prime Minister.

Article 2. The lending of funds from the Training Credit Fund shall be carried out in accordance with the Credit Regulations for Students and Trainees of Universities, Colleges, Secondary Vocational Schools, and Technical Schools issued together with Decision No. 219/1998/QĐ-NHNN1 dated July 1, 1998 of the Governor of the State Bank.

Article 3. The Vietnam Commercial Joint Stock Bank will directly lend to students and trainees; in areas without branches or where there are many universities, colleges, secondary vocational schools, and technical schools, the Vietnam Commercial Joint Stock Bank may delegate other commercial banks to carry out lending to students and trainees. The branch of the State Bank of Vietnam in provinces and cities shall be responsible for coordinating and directing the delegation of the Vietnam Commercial Joint Stock Bank and accepting the delegation of lending to students and trainees from other commercial banks in the area.

Article 4. Financial management of the Training Credit Fund shall be implemented in accordance with the regulations of the State Bank and the Ministry of Finance.

Article 5. This Decision takes effect fifteen days after the date of signature, all previous provisions contrary to this Decision are hereby abolished.

The Head of the Governor's Office, the Director of the Economic Research Department, the Heads of relevant units at the Central State Bank, the Directors of the State Bank Branches in provinces and cities, the Chairmen of the Management Boards, the General Directors of the Vietnam Commercial Joint Stock Bank, and related commercial banks are responsible for implementing this Decision.