Directive No. 2261/1999/CT-BTC on organizing the implementation and participation in the campaign to purchase national construction bonds in 1999.

DIRECTIVE
OF THE MINISTER OF FINANCE NO. 2261/1999/TC-BTC
DATE OF MAY 12, 1999 ON THE ORGANIZATION AND IMPLEMENTATION
AND PARTICIPATION IN THE NATIONAL CAMPAIGN TO PURCHASE NATIONAL CONSTRUCTION BONDS
IN 1999

Issuing national construction bonds is a major policy of the Party and State during the current stage of industrialization and modernization, with the aim of mobilizing idle capital from the people and the economy to invest in key projects and enhance material and technical infrastructure for the country. Particularly in 1999, implementing Resolution No. 4 of the fourth session of the 10th National Assembly, it is necessary to issue national construction bonds to supplement investment capital for water conservancy projects and rural infrastructure, especially in particularly difficult poor communes.

Implementing Ordinance No. 12/1999/PL-UBTVQH10 dated April 27, 1999 of the Standing Committee of the National Assembly on issuing national construction bonds, thoroughly understanding the spirit of Directive No. 47-CT/TW dated May 12, 1999 of the Politburo on issuing and organizing the nationwide campaign to purchase national construction bonds, and the directives of the Prime Minister to implement this work; fully recognizing the role and position of the finance sector in organizing the campaign, the Minister of Finance instructs:

1. The entire finance sector must consider this as a key task. Units within the finance system from central to local levels, within their respective responsibilities and authorities, must urgently develop and implement specific tasks related to preparation, issuance, management, and utilization of funds from bond purchases to ensure that the national campaign to purchase national construction bonds achieves the highest possible effectiveness throughout the country.

2. Provincial Departments of Finance and Prices, State Treasury must assist People's Committees in implementing plans to mobilize bond purchases down to each organization and community area; seek guidance from Party committees, closely coordinate with relevant departments, the Fatherland Front, and mass organizations to organize propaganda, mobilization, and guidance for organizations and individuals in their areas to participate in purchasing national construction bonds, striving to complete assigned plans.

3. The General Department of Investment and Development, the General Department of Taxation, the General Department of State Capital Management and Asset Management at Enterprises must immediately direct subordinate units to cooperate with Provincial Departments of Finance and Prices; directly implement the mobilization work for purchasing national construction bonds to the managed entities to ensure the implementation of assigned mobilization plans.

4. The Central State Treasury must direct provincial State Treasuries under its jurisdiction to organize bond issuance points equipped with all necessary facilities to facilitate purchasers, ensuring rapid and convenient bond issuance without causing inconvenience or wasting people's time. Bonds can be sold directly at the offices of organizations and institutions that wish to purchase them to save time and provide convenience.

State Treasury units must ensure the safe and confidential management and transportation of bond certificates, preventing loss and damage to the state budget.

Funds raised from the issuance of national construction bonds must be managed according to current financial regulations and promptly allocated to entities receiving funding for the construction of water conservancy projects and rural infrastructure, especially in poor communes.

5. Financial News, Financial Magazine, and information bulletins of units under the financial system must assign staff and reporters to follow up on the implementation of the campaign, closely coordinating with central and local news agencies, radio, and television to promptly report and publicize the results of bond purchases, highlight exemplary cases in bond purchases and issuance campaigns.

6. Central units under the Ministry of Finance within their functions and tasks must build action plans to participate in joint propaganda and mobilization efforts and directly mobilize cadres and civil servants in their units to respond to purchasing national construction bonds.

Launch a thrift movement across the finance sector to combat wasteful spending in daily life and allocate money for purchasing national construction bonds. Cadres, civil servants, and employees of units under and affiliated with the finance sector, especially leaders and party members, must set an example by participating in purchasing national construction bonds so others may follow.

7. During the implementation of the campaign to purchase national construction bonds, finance sector units must practice thrift. State Treasury units must strictly manage funds allocated for bond issuance activities and revenues from bond issuance. Any violation of financial discipline will be subject to disciplinary action, administrative penalties, or criminal prosecution as stipulated by law depending on the severity.

8. Initial results of the campaign to purchase national construction bonds must be summarized and reported to the Ministry of Finance (Department of Financial Policy and Central State Treasury) no later than May 31, 1999. Directors of Provincial Departments of Finance and Prices under the central government have the responsibility to assist the Chairmen of Provincial People's Committees in preparing reports on results within the specified timeframe.

Heads of units under and affiliated with the Ministry of Finance, heads of local financial agencies have the responsibility to strictly organize and implement this directive.