Decision No. 23/1998/QĐ-TTg On the establishment of the National Financial-Monetary Council

DECISION

Regarding the establishment of the State Financial-Monetary Council

 THE PRIME MINISTER

Based on the Government Organization Law dated September 30, 1992,

DECISION:

Article 1. The State Financial-Monetary Council shall be established to assist the Prime Minister in studying, directing, and coordinating the resolution of important issues concerning national financial and monetary policies.

Article 2. The State Financial-Monetary Council shall have the following tasks:

1. Reviewing, discussing, and proposing opinions on projects, guidelines, policies, and plans for finance and money issued by ministries, provincial people's committees under the central government, and submitted to the Government and the Prime Minister.

2. Organizing coordination in implementing guidelines, policies, and plans regarding finance and money, credit, banking, prices, and domestic and international capital markets; recommending measures for the Government and the Prime Minister to effectively implement financial and monetary policies of the Party and the State.

3. Monitoring and inspecting the implementation of guidelines, policies, and plans for finance and money; participating in contributing opinions during the preparation process of projects by ministries, sectors, and localities in this field.

Article 3. The State Financial-Monetary Council operates on the principle of advising the Prime Minister. Proposals, policies, and plans for finance and money must be discussed and opinions contributed by the Council before being reported to the Government and the Prime Minister for consideration and decision-making. In case of differing opinions, they must be fully reported to the Prime Minister.

The operational regulations of the State Financial-Monetary Council and its relationship with related sectors shall be stipulated by the Chairman of the Council.

Article 4. The State Financial-Monetary Council shall be chaired by a Deputy Prime Minister. Members include the Minister of Finance, Governor of the State Bank, and an invited member from the Central Committee's Economic Commission as Vice Chairmen. Other members include the Minister of Planning and Investment, Minister of Trade, Chairman of the State Securities Commission, Director of the Government Price Control Board, Commissioner General of Customs, Commissioner General of Statistics, and members of the Council.

The Secretary-General and a number of specialized staff assigned to the Office of the Government shall assist the Council, proposed by the Minister and Head of the Office of the Government and decided by the Chairman of the Council. All working conditions and benefits shall be handled by the Office of the Government.

Article 5. This Decision takes effect from the date of signature.

Ministers, heads of ministerial-level agencies, heads of government-affiliated agencies, Chairpersons of provincial People's Committees under central cities are responsible for implementing this Decision./.