Decision No. 3169/QD-NHNN stipulates the functions, tasks, powers, and organizational structure of the State Bank of Vietnam branch in provinces and centrally governed cities.

Pursuant to …;

Regulations on functions, tasks, powers, and organizational structure of State Bank

branches in provinces and centrally governed cities branch at province or centrally governed city

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GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to the Law on the State Bank of Vietnam dated December 12, 1997 and the Law Amending and Supplementing Certain Articles of the Law on the State Bank of Vietnam dated June 17, 2003;

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. 96/2008/NĐ-CP dated August 26, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;

Considering the proposal of the Director of the Department of Personnel Organization,

DECISION:

Article 1. Position and Functions

1. The State Bank Branch in provinces and centrally governed cities (hereinafter referred to as Branch) is a subordinate unit of the State Bank, subject to centralized and unified leadership and management by the Governor of the State Bank (hereinafter referred to as Governor), with the function of advising and assisting the Governor in managing state affairs related to currency and banking activities within its jurisdiction and implementing certain central bank operations pursuant to the Governor's authorization.

2. The Branch is a dependent accounting and bookkeeping unit, having its own seal and balance sheet in accordance with the law.

b) Draft five-year and annual socio-economic development plans for the province; major economic and social balances for the province; draft five-year and annual plans, programs, projects, measures to organize and implement tasks related to socio-economic development, finance-budget, planning-investment, and other tasks within the scope of state management of the Department of Finance as prescribed by law;

The Branch shall perform the following specific tasks and powers:

1. Organizing the dissemination, guidance, and implementation of legal normative documents of the State and the State Bank regarding currency and banking activities to credit organizations and other entities engaged in banking activities within its jurisdiction.

2. Compiling, statistically analyzing, researching, forecasting the economy within its jurisdiction to advise the Governor and be responsible for implementing the Governor's directives on monetary policy and banking activities within its jurisdiction; advising local party committees and authorities on building and developing the local economy in relation to banking activities.

3. Implementing the task of issuing and revoking licenses for the establishment and operation of credit organizations, people's credit funds, small-scale financial organizations, and other entities engaged in banking activities within its jurisdiction pursuant to the Governor's authorization and the provisions of the law.

4. Organizing the implementation of division, separation, merger, consolidation, special control, and dissolution of credit organizations within its jurisdiction pursuant to the Governor's authorization and the provisions of the law.

5. Organizing and implementing inspection, supervision, and handling of violations of the activities of credit organizations and other entities' banking activities within its jurisdiction in accordance with the State Bank's and the law's provisions.

6. Organizing inspection, supervision, and handling of violations in compliance with the State Bank of Vietnam's regulations on interest rates, exchange rates, required reserves, and other monetary policy tools for credit organizations and other individuals and entities related to such activities within its jurisdiction to enforce monetary policy and banking activities effectively to serve the development of the local economy and society.

7. Providing payment services, treasury services, and other banking services to credit organizations and the National Treasury within its jurisdiction.

8. Implementing monetary management operations and measures concerning foreign exchange within its jurisdiction in accordance with the State Bank's and the law's provisions.

9. Implementing rediscounting and overdraft operations for credit organizations within its jurisdiction when authorized by the Governor.

10. Implementing monetary management operations and measures concerning currency, treasuries, ensuring the safety of assets, money, and valuable papers stored in treasuries at the Branch, during receipt and delivery in accordance with the State Bank's and the law's provisions.

11. Implementing anti-corruption work, thrift, and waste prevention; resolving complaints and denunciations in accordance with the Governor's and the law's provisions.

12. Implementing grassroots democracy regulations, publicizing assets and finances in accordance with the Governor's and the law's provisions.

13. Reporting and answering inquiries as required by local party committees and authorities; responding to suggestions from news agencies regarding currency and banking activities within its jurisdiction in accordance with the Governor's and the law's provisions.

14. Managing finance, assets, and technical facilities, including information technology equipment assigned in accordance with the State Bank's and the law's provisions.

15. Cooperating with the Banking Cadre Training School to manage, exploit, and use effectively the cadre training facilities of the Banking Cadre Training School under the State Bank located within its jurisdiction in accordance with the State Bank's and the law's provisions.

16. Implementing security, fire prevention, explosion prevention, typhoon and flood prevention, and ensuring safety and order at the Branch headquarters and other facilities under its management.

17. Implementing information reporting systems in accordance with the State Bank's and the law's provisions.

18. Performing other tasks assigned by the Governor.

Article 3. Organizational Structure

a) Organizational structure of the Hanoi City Branch and Ho Chi Minh City Branch:

1. Administrative and Human Resources Department.

2. Research and Synthesis Department.

3. Banking Inspection and Supervision.

4. Credit Organization Management Department.

5. Foreign Exchange and Money Market Management Department.

6. Accounting and Payment Department.

7. Currency and Treasury Department.

8. Control Department.

9. Information Technology Department.

b) COrganizational structure of the Hai Phong City Branch, Da Nang City Branch, and Can Tho City Branch:

1. Administrative and Human Resources Department.

2. Research and Synthesis and Credit Organization Management Department.

3. Banking Inspection and Supervision.

4. Accounting and Payment Department.

5. Currency and Treasury Department.

6. Information Technology Department.

c) Organizational structure of other Branches:

1. Administrative and Human Resources Department.

2. Research and Synthesis and Credit Organization Management Department.

3. Banking Inspection and Supervision.

4. Accounting and Payment Department.

5. Currency and Treasury Department.

Banking Inspection and Supervision and Accounting and Payment Department have their own seals for use in business operations in accordance with the law.

Specific tasks of Banking Inspection and Supervision and tasks of Departments are defined by the Branch Director based on the content of the attached annex.

Article 4. Leadership and Management

1. The leadership and management of the Branch shall be carried out by the Director. The Deputy Directors assist the Director. The Director and Deputy Directors of the Branch shall be appointed, relieved, or dismissed by the Governor.

2. Duties and powers of the Director:

a) Organize the implementation of the functions, tasks, and powers of the Branch as stipulated in Article 1 and Article 2 of this Decision and bear responsibility before the Governor and the law for the activities of the Branch.

b) Decide on programs, plans, and measures to implement various areas of work of the Branch.

c) Manage staffing, utilize, and implement personnel policies and benefits for officers and civil servants according to the delegation of authority from the Governor and the provisions of the law.

d) Approve members of the Board of Directors, Managing Director, Supervisory Board of joint-stock credit organizations, people's credit funds at the grassroots level, small-scale financial organizations, and has the right to suspend such positions according to the authorization of the Governor and the provisions of the law.

đ) Provide opinions (in writing) to the heads of state-owned credit institutions, credit institutions with controlling shares owned by the state regarding the appointment, relief, dismissal, transfer, or rotation of directors (or equivalent positions) of member units located within the jurisdiction.

In cases of necessity, has the right to propose to the competent authority to suspend duties, administrative handling, or request criminal prosecution against officers and staff of credit institutions and other organizations engaged in monetary and banking activities within the jurisdiction that violate laws on currency and banking operations.

e) Propose and make recommendations to the competent authority on issues related to the organization and operation of credit institutions and other organizations engaged in monetary and banking activities within the jurisdiction.

g) Has the right to request credit institutions and other organizations engaged in monetary and banking activities within the jurisdiction to provide information and periodic or ad hoc reports to serve the performance of the Branch's functions and tasks.

h) Represent the State Bank before local legal authorities according to the authorization of the Governor.

i) Perform other tasks assigned by the Governor.

3. Duties and powers of the Deputy Director:

a) Assist the Director in directing and managing certain areas of work assigned by the Director and bear responsibility before the Director and the law for the tasks assigned to them.

b) Participate in providing opinions with the Director in implementing various areas of work of the Branch according to the principle of centralization, democracy, and the chief executive system.

c) When the Director is absent, a Deputy Director authorized to act on behalf of the Director to manage the general affairs of the Branch, bears responsibility before the Director for matters resolved and reports back when the Director is present.

Article 5. Effective Date

1. This Decision shall take effect fifteen days from the date of signing and replace Decision No. 1440/2004/QĐ-NHNN dated November 8, 2004, of the Governor of the State Bank on the issuance of the Regulation on the organization and operation of the State Bank branch in provinces and centrally-administered cities.

2. Abolish previous provisions that are contrary to this Decision.

3. The Head of the Office, Heads of the Department of Organization and Cadres, Directors of the State Bank Branches in provinces and centrally-administered cities, and Heads of units under the Central State Bank shall be responsible for implementing this Decision.