Decision No. 2456/QD-BTC stipulates the functions, tasks, powers, and organizational structure of the Department of Banking and Financial Institutions' Finance.

Pursuant to …;

Regulations on functions, tasks, powers, and organizational structure

of the Department of Banking Finance and Financial Institutions

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THE MINISTER OF FINANCE

Pursuant to Decree No. 178/2007/ND-CP dated December 3, 2007 of the Government stipulating the functions, tasks, powers, and organizational structure of Ministries and ministerial-level agencies;

Pursuant to Decree No. 118/2008/ND-CP dated November 27, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

Considering the proposal of the Director of the Department of Banking Finance and Financial Institutions and the Director of the Department of Organization and Cadres;

DECISION:

Article 1. Position and Functions

The Department of Banking Finance and Financial Institutions (referred to as the Department of Banking Finance) is a unit under the Ministry of Finance, with the function of advising and assisting the Minister of Finance in managing the financial market and financial services within the scope of state management of the Ministry of Finance; managing finance for the State Bank of Vietnam and credit institutions; managing state administration over lottery, betting, casino, electronic gaming with rewards, national financial funds, and other financial entities according to the assignment of the Minister of Finance.

Article 2. Tasks

1. Report to the Minister of Finance:

a) Draft projects and draft normative legal documents on areas within the assigned management scope;

b) Strategies, plans, long-term, medium-term, and annual plans regarding the financial market and financial services, lottery, betting, casino, and electronic gaming with rewards markets.

2. Organize implementation and guide, inspect, supervise the execution of strategies, plans, and normative legal documents within the management scope of the Department.

3. Participate in building the national financial strategy; policies and draft normative legal documents related to areas within the functions and tasks of the Department.

4. Take the lead in preparing macroeconomic reports, synthesizing financial policies and solutions (to curb and combat inflation or deflation in the economy to stabilize macroeconomics and promote economic development).

5. Regarding management of the financial market and financial services:

a) Serve as the focal point for compiling and advising on policies for developing the financial market and financial services; capital raising policies in the financial market; policies linking the financial market and money market; take the lead in advising the Ministry to build bond market development policies, organize interest rate management for government bonds;

b) Develop financial mechanisms for financial institutions operating in the financial market and financial services, including: Stock Exchange, Securities Trading Center, Central Depository for Securities, Securities Companies, Fund Management Companies, Investment Securities Companies, Credit Rating Organizations, and other financial institutions according to the assignment of the Minister of Finance;

c) Develop mechanisms, policies, and coordinate the implementation of capital raising for national sectors and projects according to the assignment of the Minister of Finance;

d) Establish regulations, standards, and organize the assessment and announcement of organizations qualified to provide financial intermediary services within the Department's management scope.

6. Regarding financial management of banking activities and credit institutions:

a) Participate with relevant agencies in building and implementing monetary policy, credit policy, interest rates, exchange rates, and other issues in the monetary, banking, and credit fields;

b) Advise the Minister of Finance on coordinating financial policy and monetary policy in macroeconomic management;

c) Develop supervisory regulations for the printing, minting, issuance, destruction of currency, and foreign exchange reserves of the State; organize inspections and supervision according to the assignment of the Minister of Finance;

d) Guide, inspect, and supervise financial matters concerning the operations of the State Bank of Vietnam (including enterprises and units under the State Bank of Vietnam), commercial banks, Vietnam Postal Savings Bank, People's Credit Funds, non-bank credit institutions, and other entities operating in the banking and credit sectors;

đ) Lead and coordinate with relevant agencies to propose handling financial issues related to the monetary, banking, and credit sectors.

7. Regarding policy credit sector:

a) Build state policy credit mechanisms, including: investment and development credit, credit for the poor and social policy targets, export credit, export credit insurance, and other policy credits;

b) Build financial management mechanisms for the Vietnam Development Bank, the Social Policy Bank, and other organizations performing state policy credit functions;

c) Report to the Minister of Finance for decision-making on policy loan interest rates and state support levels for policy loan interest rates within their authority;

d) Lead the assessment and propose handling risks, interest rate subsidies, and other financial issues within the Minister of Finance's authority.

8. Regarding management of state financial funds and other financial institutions:

a) Develop operational regulations and financial management mechanisms for local development investment funds, small and medium-sized enterprise credit guarantee funds, environmental protection funds, public service telecommunications funds, cooperative development support funds, farmer support funds, poverty-stricken women loan support funds, and other financial funds and investment funds (excluding securities investment funds) according to the assignment of the Minister of Finance;

b) Develop operational regulations and financial management mechanisms for special financial institutions according to the assignment of the Minister of Finance;

c) Develop management mechanisms for debt collection services;

d) Propose handling issues related to the financial management of the objects mentioned in points a, b, and c above.

9. Regarding management of lottery, betting, casino, and electronic gaming with rewards activities:

a) Assist the Minister of Finance in performing state management tasks for lottery, betting, casino, and electronic gaming with rewards business operations as prescribed by law;

b) Review and propose the issuance, adjustment, revocation of business licenses or certificates of eligibility for lottery operations; issuance, adjustment, revocation of business licenses for betting, casinos, and electronic games with prizes in accordance with the provisions of the law;

c) Coordinate with relevant units to handle administrative violations of entities under management in accordance with the provisions of the law.

10. Advise and assist the Minister of Finance in exercising rights and obligations as the State owner's representative for the State capital portion at Stock Exchanges, Securities Trading Centers, Securities Depository Centers, financial funds, and other State financial organizations as assigned by the Minister of Finance.

11. Advise and assist the Ministry in performing member duties on the Management Board and Board of Directors of the Vietnam Development Bank, the Vietnam Social Policy Bank, the Vietnam Deposit Insurance Corporation, and other State financial funds.

12. Serve as the focal point to participate in researching and drafting policies, laws, and wage scales for units under the jurisdiction of the Department.

13. Lead and coordinate to urge the implementation of recommendations from auditing and inspection agencies, criminal investigation agencies concerning entities within the jurisdiction and as assigned by the Minister of Finance.

14. Organize statistical work, analysis, forecasting, and evaluation of the effectiveness of State budget revenues and expenditures in areas under the functions and responsibilities of the Department; implement information and reporting systems as prescribed.

15. Lead or coordinate with relevant units to organize information dissemination, promotion, and popularization of laws in areas under the functions and responsibilities of the Department.

16. Coordinate with relevant units to organize the implementation of international cooperation and integration tasks in areas under the functions and responsibilities of the Department; receive and organize the implementation of international cooperation projects and technical assistance programs for policy development and enforcement as assigned by the Minister of Finance.

17. Assist the Minister of Finance in managing finances for associations, professional organizations, and non-governmental organizations under the functions and responsibilities of the Department in accordance with the provisions of the law.

18. Organize scientific research or cooperate in scientific research with units inside and outside the sector according to plans and contents approved by competent authorities.

19. Perform other tasks and powers delegated by the Minister of Finance and as provided by law.

Article 3. Organizational Structure

The Financial and Banking Department has a Director and several Deputy Directors.

The Director of the Financial and Banking Department is responsible to the Minister of Finance for all activities of the Department; manages civil servants and assets allocated in accordance with regulations.

Deputy Directors of the Financial and Banking Department are responsible to the Director for assigned tasks.

The Financial and Banking Department has the following divisions:

1. Banking Division.

2. Financial Markets Division.

3. Financial Institutions Division.

4. Lottery and Prize Games Division.

Specific tasks of the divisions are defined by the Director of the Financial and Banking Department.

The Financial and Banking Department operates through a division system combined with a specialist system. For tasks performed under the specialist system, the Director assigns duties to staff and civil servants commensurate with their positions, standards, and professional capabilities to ensure the completion of assigned tasks.

The staffing of the Financial and Banking Department is determined by the Minister of Finance.

Article 4. Responsibilities and Authorities of the Head of the Financial Banking Department

1. Organize and direct the implementation of tasks as prescribed in Article 2 of this Decision.

2. Request relevant agencies and organizations to provide documents and data for inspection, summary, evaluation of policy implementation, strategic planning, and research and policy development within the management domain of the Department.

3. Sign guiding documents, explanations, and responses to issues concerning regulatory legal documents within the management domain of the Department and documents signed on behalf of or with authorization from the Minister according to the Ministry's operational regulations.

4. Sign certificates, notifications approving budgets, and orders for state budget collection and disbursement within the management scope of the Department and pursuant to the authorization of the Minister of Finance.

Article 5. Effectiveness and Responsibility for Implementation

This Decision takes effect from the date of signing and replaces Decision No. 165/2003/QĐ-BTC dated September 25, 2003 of the Minister of Finance regarding the functions, responsibilities, authorities, and organizational structure of the Financial Banking Department and financial organizations.

The Heads of the Financial Banking Department, the Cadre Organization Department, the Director of the Ministry of Finance’s Office, and the Heads of organizations and units under the Ministry of Finance are responsible for implementing this Decision./.