Decision No. 27/2007/QĐ-NHNN on amending and supplementing certain provisions of the Cash Receipt and Delivery, Storage, and Transportation System for Precious Metals and Valuable Securities issued pursuant to Decision No. 60/2006/QĐ-NHNN dated December 27, 2006 by the Governor of the State Bank of Vietnam.

DECISION

Regarding the amendment and supplementation of certain provisions on the handover, storage, and transportation of cash, precious assets, and valuable papers issued pursuant to Decision No. 60/2006/QĐ-NHNN dated December 27, 2006 of the Governor of the State Bank of Vietnam

cash, valuable items, securities issued in accordance with Decision No. 60/2006/QD-NHNN

dated December 27, 2006, of the Governor of 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 and the Law Amending and Supplementing Certain Provisions of the Law on the State Bank of Vietnam 2003;

Pursuant to Decree No. 52/2003/NĐ-CP dated May 19, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;

Pursuant to Decree No. 81/1998/NĐ-CP dated October 1, 1998 of the Government on printing, minting, storing, transporting, and destroying paper money and metallic coins; storing and transporting precious assets and valuable papers within the banking system;

At the proposal of the Director of the Issuance and Treasury Department,

DECISION:

Article 1. Amend and supplement certain provisions of the Regulations on the Handover, Storage, and Transportation of Cash, Precious Assets, and Valuable Papers issued pursuant to Decision No. 60/2006/QĐ-NHNN dated December 27, 2006 of the Governor of the State Bank of Vietnam as follows:

1. Clause 1, Article 21 shall be amended and supplemented as follows:

"1. The Governor of the State Bank branch at provincial level and city under central government, the Director of credit organizations shall authorize in writing to their Deputy Directors; the Head of the Branch Issuance and Treasury Department shall authorize in writing to their Deputy Heads; the Deputy Director of the Issuance and Treasury Department (assigned to manage the currency vault) shall authorize in writing to the Chief of Vault I (in case one of the two persons, the Deputy Director of the Issuance and Treasury Department assigned to manage the currency vault or the Chief of Vault I, is absent, then the Deputy Director of the Issuance and Treasury Department assigned to manage the currency vault shall authorize in writing each time to the Deputy Chief of Vault I) to perform the task of managing cash, precious assets, valuable papers, and the currency vault for a specific period of time. The person authorized shall be responsible before the Director, the Head of the Branch Issuance and Treasury Department, and the Deputy Director regarding the management of cash, precious assets, valuable papers, and the currency vault according to this Regulation and relevant laws."

2. Article 47 shall be amended and supplemented as follows:

"Article 47. Special cargo transport vehicles

1. Special cargo must be transported using specialized vehicles or specialized transport means.

2. In cases where credit organizations use other means of transport to transport special cargo, the Chairman of the Board of Management of the credit organization shall decide in writing and establish procedures for transport, protection, and measures to ensure the safety of assets.

3. In cases of emergency or large volume and value of cargo, long-distance transport, it is necessary to hire other means such as aircraft, trains, ships, decided by the Governor of the State Bank (for assets of the State Bank) or by the Chairman of the Board of Management of the credit organization (for assets of the credit organization).

4. In cases of emergency with small volume of transport, if the State Bank branch at provincial level and city under central government has the need to directly hand over and receive special cargo of the State Bank at the Central Currency Vault and has the ability to arrange specialized transport vehicles (specialized trucks), it must obtain the approval of the Director of the Issuance and Treasury Department."

Article 2. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.

Article 3. The Head of the Office, the Director of the Issuance and Treasury Department, the Director of the Accounting and Finance Department, the Heads of related units under the State Bank, and the Governors of the State Bank branches at provincial level and city under central government are responsible for implementing this Decision./.