Decision No. 91/2001/QD-BTC Amending and Supplementing Decision No. 47/2001/QD-BTC dated May 25, 2001 on the criteria for supervising state-owned enterprises with large debts.

DECISION

Amending and supplementing Decision No. 47/2001/QD-BTC dated May 25, 2001 on setting criteria for supervising state-owned enterprises with large debts

issuing criteria for monitoring state-owned enterprises with large debts

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THE MINISTER OF FINANCE

Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of Ministries and ministerial-level agencies;

BASED ON DECREE NO. 178/CP DATED OCTOBER 28, 1994 OF THE GOVERNMENT ON THE TASKS, POWERS AND ORGANIZATIONAL STRUCTURE OF THE MINISTRY OF FINANCE;

Pursuant to Decree No. 84/1999/NĐ-CP dated August 28, 1999 of the Government on restructuring the State Capital and Asset Management General Department under the Ministry of Finance;

Pursuant to the guidance of the Prime Minister in Official Letter No. 1138/CP-QHQT dated October 29, 1999 regarding the establishment of a monitoring system for state-owned enterprises with large debts;

At the proposal of the Director of the Enterprise Finance Department,

Pursuant to …;

Article 1. Amending and supplementing some Articles of Decision No. 47/2001/QD-BTC dated May 25, 2001 of the Minister of Finance as follows:

1. Market management agencies at all levels include: the Department of Domestic Market Management and Development under the Ministry of Industry and Trade; the Market Management Business Unit under the Department of Domestic Market Management and Development; the Market Management Sub-department under the Department of Industry and Trade of provinces and centrally-administered cities; and the Market Management Team under the Market Management Sub-department.

- State-owned enterprises listed in the list of 200 state-owned enterprises with large debts shall be responsible for submitting debt situation reports of their enterprises according to Form No. 01/GSN issued by Decision No. 47/2001/QD-BTC dated May 25, 2001 of the Minister of Finance.

The deadline for submitting quarterly reports is no later than 20 days from the end of each quarter, and the annual report (quarter IV) is no later than 30 days from December 31.

Place to submit reports:

+ State-owned enterprises established by Ministries, sectors, agencies equivalent to Ministries, and agencies under the Government (referred to as central enterprises) shall submit reports to:

Department of Enterprise Finance - Ministry of Finance

No. 4, Alley I, Hang Chuoi Street, Hanoi

FAX: 04 9 716 632

+ State-owned enterprises established by People's Committees of provinces and centrally-administered cities (referred to as local enterprises) shall submit reports to Departments of Finance and Prices of provinces and centrally-administered cities.

- Departments of Finance and Prices of provinces and centrally-administered cities shall be responsible for:

+ Urging local enterprises to submit debt situation reports according to Form No. 01/GSN within the prescribed time limit;

+ Monitoring the debt situation and changes in debt of local enterprises to promptly identify difficulties in debt repayment capacity of these enterprises and provide written comments back to the enterprises;

+ Copying and submitting the debt situation reports of local enterprises to the Ministry of Finance (Department of Enterprise Finance), including an assessment report on the changes in debt of these enterprises, no later than 25 days from the end of each quarter (for quarterly reports) and no later than 40 days from December 31 (for annual reports - quarter IV).

2. Supplementing Article 3 (new) as follows:

Article 3. (new): Enterprises that submit debt situation reports late compared to the prescribed time shall be subject to administrative penalties as stipulated in Article 8 of Decree No. 49/1999/NĐ-CP dated July 8, 1999 of the Government on administrative penalties for violations in accounting; Circular No. 89/2000/TT-BTC dated August 28, 2000 of the Ministry of Finance guiding Decree No. 49/1999/NĐ-CP.

3. Renumbering Article 3 (old) as Article 4.

Article 2. The Director of the Department of Enterprise Finance, the Inspector General of Finance, the Directors of Departments of Finance and Prices of provinces and centrally-administered cities, and the General Directors (Directors) of state-owned enterprises listed in the attached list of Decision No. 47/2001/QD-BTC are responsible for implementing this Decision.