Circular No. 46 TC/CĐTC guides the preparation of plans for the issuance of government bonds.

CIRCULAR

Guidelines for the preparation of plans for the issuance of government bonds

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The Council of Ministers' Decree detailing the implementation of the Ordinance on the issuance of government bonds for national construction stipulates that the Ministry of Finance is the unified management agency for the issuance of government bonds, responsible for preparing plans for the issuance and settlement of government bonds, establishing management systems for government bonds, and urging and inspecting the implementation thereof. Financial agencies at provincial and district levels assist the People's Committees at the same level in directing, urging, and inspecting the issuance and settlement of government bonds.

To create conditions for the timely issuance and distribution of government bond certificates in accordance with the contribution capacity to purchase government bonds of various social strata and each locality, the Ministry of Finance provides guidelines for the preparation of plans for the issuance of government bonds as follows:

I. CONTENT OF THE INDICATORS IN THE PLAN FOR THE ISSUANCE OF GOVERNMENT BONDS YEARLY AND PER ISSUE INCLUDES:

a) Total number of various types of government bond certificates and total value of government bonds expected to be issued during the planning period, including:

- Total number of certificates collected in cash for each type of certificate

- Total amount of money collected from each type of certificate

- Total number of certificates collected in rice for each type of certificate

- Total amount of rice collected from each type of certificate

- Total monetary value of government bonds collected in rice.

b) Government bond certificates received by type and grade.

1/ Certificates collected in cash:

2/ Certificates collected in rice:

II. PROCEDURES AND METHODS FOR PREPARING PLANS FOR THE ISSUANCE OF GOVERNMENT BONDS YEARLY AND PER ISSUE:

1/ Procedures for preparing plans:

- Annually and per issue of government bonds, the Ministry of Finance will estimate the quantity of each type and grade of government bond certificates, the quantity of rice and the amount of money collected from each type and grade of certificate to be issued in each province, city, and special zone.

- Provincial, municipal, and special zone financial departments will estimate the quantity of each type and grade of government bond certificates, the quantity of rice and the amount of money collected from each type and grade of certificate to be issued in each district, town, and county under their jurisdiction.

- Districts, towns, and counties under provinces and cities will guide and urge the wards and communes under their jurisdiction to prepare specific plans for the issuance of government bonds based on the quantities and income situation of each target group to mobilize the purchase of government bonds in the wards, communes, and towns under their jurisdiction according to the aforementioned indicators.

- District and county finance bureaus have the responsibility to review the plans for the issuance of government bonds of each ward and commune under their jurisdiction, coordinate opinions with the district and county committees for mobilizing the purchase of government bonds, and compile them into a plan for the issuance of government bonds for the entire district or county divided by ward, commune, and town; report and seek approval from the Chairman of the People's Committee of the district or county, and submit it to the provincial, municipal, and special zone financial departments and the provincial, municipal, and special zone committees for mobilizing the purchase of government bonds.

- Provincial, municipal, and special zone financial departments have the responsibility to review the plans for the issuance of government bonds of each district, town, and county under their jurisdiction, coordinate opinions with the provincial, municipal, and special zone committees for mobilizing the purchase of government bonds, compile them into a plan for the issuance of government bonds for the entire province or city divided by district, town, and county; report and seek approval from the Chairman of the People's Committee of the province, city, or special zone, and submit it to the Ministry of Finance and the central committee for mobilizing the purchase of government bonds.

The Ministry of Finance has the responsibility to review and inspect the plans for the issuance of government bonds of each province, city, and special zone, coordinate opinions with the central committee for mobilizing the purchase of government bonds, compile them into a national plan for the issuance of government bonds divided by province, city, and special zone; report to the Council of Ministers. After the plan for the issuance of government bonds is approved, the Ministry of Finance will officially notify the plan to each province, city, and special zone. Based on the assigned plan, each province, city, and special zone will notify the indicators of the plan to each district and county, and each district and county will notify the indicators of the plan to each ward and commune.

2/ Methods for surveying and determining the indicators in the plan for the issuance of government bonds:

To ensure that the preparation of plans accurately reflects the contribution capacity to purchase government bonds of various social strata and each locality, financial agencies at all levels need to mobilize tax agencies for commerce and industry, agricultural taxes, closely cooperate with banking agencies at all levels and organizations such as trade unions, youth associations, women's associations, collective farmers' associations, associations of small-scale industrial cooperatives, etc., to determine the contribution capacity of various social strata, such as: private traders, farmers, civil servants, employees...

It is necessary to thoroughly investigate and grasp the following main documents and data:

- The surplus amount of money and rice in each locality and among different social strata and residents, which can be mobilized through government bonds.

- The number of private traders according to each level of business license fees, turnover, income, and profit tax rate of each household (through the commerce and industry tax agency and the association of small-scale industrial cooperatives).

- The number of farmers with surplus rice and the amount of money that can be mobilized through government bonds from each household in areas growing vegetables, cash crops, fruit trees, regions rich in agricultural, forestry, and marine products... (through the agriculture agency, agricultural tax agency, statistics agency, banking agency, commerce agency...).

- Households with income from family sideline production or external support in urban and rural areas.

- The number of civil servants, workers (including both central and local) in the locality.

Based on the aforementioned treatment materials and figures, and referring to the projected figures of the Ministry of Finance, financial agencies at all levels shall prepare plans for the estimated quantities of various types and categories of coupons to be issued annually or in each issuance period according to the above-mentioned criteria.

III/ TIME LIMIT FOR PREPARING AND SUBMITTING PLANS TO THE PROVINCE, DISTRICT, CITY, AND SPECIAL ECONOMIC ZONE LEVELS.

Annually and for each issuance of public debt instruments, communes, wards, districts, counties, provinces, cities, and special economic zones shall prepare and submit plans to higher levels within the timeframes specified below:

- Communes and wards shall submit to districts and counties in the third month before the issuance of public debt instruments.

- Districts and counties shall submit to provinces, cities, and special economic zones in the second month before the issuance of public debt instruments.

- Provinces, cities, and special economic zones shall submit to the central level (Ministry of Finance and the Central Public Debt Purchase Mobilization Committee) one month prior to the issuance of public debt instruments as announced by the State.

During implementation, localities need to promptly reflect good experiences and difficulties encountered for the Ministry to study and resolve./.