VietnameseCircular No. 10/2014/TT-NHNN dated 20 March 2014 of the State Bank of Vietnam amending and supplementing several accounts in the accounts system of credit institutions issued in conjunction with the Decision No. 479/2004/QD-NHNN
ATTRIBUTE
| Issuing body: | State Bank of Vietnam | Effective date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Official number: | 10/2014/TT-NHNN | Signer: | Dao Minh Tu |
| Type: | Circular | Expiry date: | Updating |
| Issuing date: | 20/03/2014 | Effect status: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Fields: | Finance - Banking |
THE STATE BANK OF VIETNAM
Circular No. 10/2014/TT-NHNN dated20 March 2014 of the State Bank of Vietnam amending and supplementing several accounts in the accounts system of credit institutions issued in conjunction with the Decision No. 479/2004/QD-NHNN
Pursuant to the Law on State Bank of Vietnam No. 46/2010/QH12 in 2010;
Pursuant to the Law on Credit institutions No. 47/2010/QH12 in 2010;
Pursuant to the Law on Accounting No. 03/2003/QH11 in 2003;
Pursuant to the Decree No.156/2013/ND-CP dated 11 November 2013 of the Government providing for the functions, duties, authorities and organizational structure of State Bank of Vietnam;
Upon proposal by the Director of Finance - Accounting Department;
The Governor of the State Bank hereby issues the Circular on the amendment of, supplement to some accounts in the accounts system of Credit institutions issued in conjunction with the Decision No. 479/2004/QD-NHNN dated 29/4/2004 by the Governor of the State Bank.
Article 1.To repeal some accounts in the accounts system of credit institutions issued in conjunction with the Decision No. 479/2004/QD-NHNN as follows:
1.To repeal Account 312- “Value of working tools in use which have been charged to the expenditures”.
2.To repeal Account 399- “Provision against risk of receivable interests”
3.To repeal Account 472- “Purchase, sale of foreign currency from other sources”.
4.To repeal Account 479- “Conversion of foreign currency for domestic payment”.
5.To repeal Account 481- “Funds received for syndicated lending in VND”.
6.To repeal Account 482- “ Funds received for syndicated lending in foreign currency”.
7.To repeal Account 483- “ Receiving funds entrusted for investment, lending in VND”.
8.To repeal Account 484- “ Receiving funds entrusted for investment, lending in foreign currency”.
9.To repeal Account 561- “ Conversion of foreign currency for payment”.
10.To repeal Account 62- “ Bonus and Welfare Fund”.
11.To repeal Account 704- “ Interest Income from capital contribution, share purchase”.
12.To repeal Account 712- “ Income from guarantee operation”.
13.To repeal Account 855- “ Payment for social activities”.
14.To repeal Account 8692- “Payment for healthcare”.
15.To repeal Account 921- “ Commitment on the guarantee issued for customers”.
16.To repeal Account 925- “ Commitment on financing to customers”.
Article 2.To amend, supplement some details in the Accounts system of credit institutions issued in conjunction with the Decision No. 479/2004/QD-NHNN as follows:
1.To amend, supplement Section I - General regulations as follows:
a. To amend Item 1 as follows:
“This accounts system shall be applicable to credit institutions, foreign bank branches (hereinafter collectively referred to as credit institutions) which are established and operate in accordance with the Law on Credit institutions.”;
b. To supplement the followings to end of Item 5:
“Additionally, credit institutions may open extra detailed accounts according to operational management requirements upon necessity.”’
c. To amend Item 6.2 as follows:
“The accounting on the off-balance sheet accounts shall be made-is made under the single entry method (Debit - Credit - Debit balance)”;
d. To amend Item 7 as follows:
“The concepts “domestic” and “foreign” stipulated in this accounts system shall be construed in line with the “resident” and “non-resident” concepts as provided for in the Ordinance on Foreign exchanges No. 28/2005/PL-UBTVQH11 dated 13 December 2005, which has been amended, supplemented by the Ordinance No. 06/2013/UBTVQH13 dated 18/3/2013 on the amendment of, supplement to several Articles of the Ordinance on Foreign exchanges.”.
2.To amend Section II- Accounts system as follows:
II. ACCOUNTS SYSTEM OF CREDIT INSTITUTIONS
CODE OF ACCOUNT | Account names | ||
Tier I | Tier II | Tier III |
|
Category 1: Available funds and investments | |||
10 |
|
| Cash, valuable documents denominated in foreign currency, precious metals and stones |
| 101 |
| Cash in VND |
|
| 1011 | Cash at the entity |
|
| 1012 | Cash at the accounting dependent entity-dependent entity |
|
| 1013 | Cash not eligible qualified for circulation pending for disposal |
|
| 1014 | Cash in ATMs |
|
| 1019 | Cash in transportation |
| 103 |
| Cash in foreign currency |
|
| 1031 | Foreign currency at the entity |
|
| 1032 | Foreign currency at the accounting dependent entity-dependent entity |
|
| 1033 | Foreign currency sent for consumption |
|
| 1039 | Foreign currency in transportation |
| 104 |
| Valuable documents denominated in foreign currency |
|
| 1041 | Valuable documents denominated in foreign currency at the entity |
|
| 1043 | Valuable documents denominated inf foreign currency sent for collection |
|
| 1049 | Valuable documents denominated inf foreign currency in transport |
| 105 |
| Precious metals, precious stones |
|
| 1051 | Gold at the entity |
|
| 1052 | Gold at the accounting dependent entity-dependent entity |
|
| 1053 | Gold being sent for processing, manufacturing |
|
| 1054 | Precious metals, precious stones in transportation |
|
| 1058 | Other precious metals, precious stones |
11 |
|
| Deposits at the State Bank |
| 111 |
| Deposits in VND at the State Bank |
|
| 1111 | Deposits in the escrow account |
|
| 1113 | Payment deposits |
|
| 1116 | Margin deposits for guarantee |
| 112 |
| Deposits in foreign currency at the State Bank |
|
| 1121 | Deposits in the escrow account |
|
| 1123 | Payment deposits |
|
| 1126 | Margin deposits for guarantee |
12 |
|
| Investments in Government bills and other short term valuable papers eligible for rediscount with the State Bank |
| 121 |
| Investments in State Bank bills and Government bills |
|
| 1211 | Investments in State Bank bills |
|
| 1212 | Investments in Treasury bills |
| 122 |
| Investments in other short term valuable papers eligible for rediscount with the State Bank |
| 123 |
| Value of the State Bank Bills, which Credit Institutions have pledged for borrowing |
| 129 |
| Provisions for price fall |
13 |
|
| Cash, gold deposited in other credit institutions |
| 131 |
| Deposits in VND with domestic credit institutions |
|
| 1311 | Demand deposits |
|
| 1312 | Term deposits |
| 132 |
| Deposits in foreign currency with domestic credit institutions |
|
| 1321 | Demand deposits |
|
| 1322 | Term deposits |
| 133 |
| Foreign currency Deposits abroad |
|
| 1331 | Demand deposits |
|
| 1332 | Term deposits |
|
| 1333 | Deposits for special purpose |
| 134 |
| VND Deposits abroad |
|
| 1341 | Demand deposits |
|
| 1342 | Term deposits |
|
| 1343 | Deposits for special purpose |
| 135 |
| Gold deposited at domestic credit institutions |
|
| 1351 | Demand gold deposits |
|
| 1352 | Term gold deposits |
| 136 |
| Gold deposited at domestic credit institutions |
|
| 1361 | Demand gold deposits |
|
| 1362 | Term gold deposits |
| 139 |
| Risk provision |
14 |
|
| Securities for trading purpose |
| 141 |
| Debit securities |
|
| 1411 | Government securities, municipal securities |
|
| 1412 | Securities issued by other domestic credit institutions |
|
| 1413 | Securities issued by domestic economic organizations |
|
| 1414 | Foreign securities |
| 142 |
| Equity securities |
|
| 1421 | Securities issued by other domestic credit institutions |
|
| 1422 | Securities issued by domestic economic organizations |
|
| 1423 | Foreign securities |
| 148 |
| Other securities for trading purpose |
| 149 |
| Provisions for risks of securities |
|
| 1491 | Specific provision |
|
| 1492 | General provision |
|
| 1499 | Provision for price fall |
15 |
|
| Investment securities available for sale |
| 151 |
| Government securities, municipal securities |
| 152 |
| Debit securities issued by other domestic credit institutions |
| 153 |
| Debit securities issued by domestic economic organizations |
| 154 |
| Foreign Debit securities |
| 155 |
| Equity securities issued by other domestic credit institutions |
| 156 |
| Equity securities issued by domestic economic organizations |
| 157 |
| Foreign equity securities |
| 159 |
| Provisions for risks of securities |
|
| 1591 | Specific provision |
|
| 1592 | General provision |
|
| 1599 | Provision for price fall |
16 |
|
| Investment securities held to maturity |
| 161 |
| Government securities, municipal securities |
| 162 |
| Debit securities issued by other domestic credit institutions |
| 163 |
| Debit securities issued by domestic economic organizations |
| 164 |
| Foreign Debit securities |
| 169 |
| Provisions for risks of securities |
|
| 1691 | Specific provision |
|
| 1692 | General provision |
|
| 1699 | Provision for price fall |
Category 2: Credit activities | |||
20 |
|
| Lending to other credit institutions |
| 201 |
| Lending in VND to domestic credit institutions |
|
| 2011 | Current debts |
|
| 2012 | Overdue debts |
| 202 |
| Lending in foreign currency to domestic credit institutions |
|
| 2021 | Current debts |
|
| 2022 | Overdue debts |
| 203 |
| Lending in foreign currency to foreign credit institutions |
|
| 2031 | Current debts |
|
| 2032 | Overdue debts |
| 205 |
| Discount, rediscount of negotiable instruments and other valuable papers |
|
| 2051 | Current debts |
|
| 2052 | Overdue debts |
| 209 |
| Risk provision |
|
| 2091 | Specific provision |
|
| 2092 | General provision |
21 |
|
| Lending to domestic economic organizations, individuals |
| 211 |
| VND short term loans |
|
| 2111 | Current debts |
|
| 2112 | Overdue debts |
| 212 |
| VND medium term loans |
|
| 2121 | Current debts |
|
| 2122 | Overdue debts |
| 213 |
| VND long term loans |
|
| 2131 | Current debts |
|
| 2132 | Overdue debts |
| 214 |
| Short term loans in foreign currency and gold |
|
| 2141 | Current debts |
|
| 2142 | Overdue debts |
| 215 |
| Medium term loans in foreign currency and gold |
|
| 2151 | Current debts |
|
| 2152 | Overdue debts |
| 216 |
| Long term loans in foreign currency and gold |
|
| 2161 | Current debts |
|
| 2162 | Overdue debts |
| 219 |
| Risk provision |
|
| 2191 | Specific provision |
|
| 2192 | General provision |
22 |
|
| Discount, rediscount of negotiable instruments and other valuable papers for domestic economic organizations, individuals |
| 221 |
| Discount, rediscount of negotiable instruments and valuable papers in VND |
|
| 2211 | Current debts |
|
| 2212 | Overdue debts |
| 222 |
| Discount, rediscount of negotiable instruments and valuable papers in foreign currency |
|
| 2221 | Current debts |
|
| 2222 | Overdue debts |
| 229 |
| Risk provision |
|
| 2291 | Specific provision |
|
| 2292 | General provision |
23 |
|
| Finance leasing |
| 231 |
| Finance leasing in VND |
|
| 2311 | Current debts |
|
| 2312 | Overdue debts |
| 232 |
| Finance leasing in foreign currency |
|
| 2321 | Current debts |
|
| 2322 | Overdue debts |
| 239 |
| Risk provision |
|
| 2391 | Specific provision |
|
| 2392 | General provision |
24 |
|
| Guarantee payment |
| 241 |
| Payments on behalf of customers in VND |
| 242 |
| Payments on behalf of customers in foreign currency |
| 249 |
| Risk provision |
|
| 2491 | Specific provision |
|
| 2492 | General provision |
25 |
|
| Lending by funds financed, entrusted for investment |
| 251 |
| Lending in VND with funds directly financed by international organizations |
|
| 2511 | Current debts |
|
| 2512 | Overdue debts |
| 252 |
| Lending in VND with funds financed by the Government |
|
| 2521 | Current debts |
|
| 2522 | Overdue debts |
| 253 |
| Lending in VND with funds financed by other organizations, individuals |
|
| 2531 | Current debts |
|
| 2532 | Overdue debts |
| 254 |
| Lending in foreign currency directly financed by International organizations |
|
| 2541 | Current debts |
|
| 2542 | Overdue debts |
| 255 |
| Lending in foreign currency financed by the Government |
|
| 2551 | Current debts |
|
| 2552 | Overdue debts |
| 256 |
| Lending in foreign currency financed by other organizations, individuals |
|
| 2561 | Current debts |
|
| 2562 | Overdue debts |
| 259 |
| Risk provision |
|
| 2591 | Specific provision |
|
| 2592 | General provision |
26 |
|
| Credits to foreign organizations, individuals |
| 261 |
| VND short term loans |
|
| 2611 | Current debts |
|
| 2612 | Overdue debts |
| 262 |
| VND medium term loans |
|
| 2621 | Current debts |
|
| 2622 | Overdue debts |
| 263 |
| VND long term loans |
|
| 2631 | Current debts |
|
| 2632 | Overdue debts |
| 264 |
| Short term loans in foreign currency and gold |
|
| 2641 | Current debts |
|
| 2642 | Overdue debts |
| 265 |
| Medium term loans in foreign currency and gold |
|
| 2651 | Current debts |
|
| 2652 | Overdue debts |
| 266 |
| Long term loans in foreign currency and gold |
|
| 2661 | Current debts |
|
| 2662 | Overdue debts |
| 267 |
| Other VND credits |
|
| 2671 | Current debts |
|
| 2672 | Overdue debts |
| 268 |
| Other credits in foreign currency and gold |
|
| 2681 | Current debts |
|
| 2682 | Overdue debts |
| 269 |
| Risk provision |
|
| 2691 | Specific provision |
|
| 2692 | General provision |
27 |
|
| Other credits to domestic economic organizations, individuals |
| 271 |
| Lending with specific funds |
|
| 2711 | Current debts |
|
| 2712 | Overdue debts |
| 272 |
| Lending for debts payment |
|
| 2721 | Current debts |
|
| 2722 | Overdue debts |
| 273 |
| Lending for investment in capital construction under State’s plans |
|
| 2731 | Current debts |
|
| 2732 | Overdue debts |
| 275 |
| Other lending |
|
| 2751 | Current debts |
|
| 2752 | Overdue debts |
| 279 |
| Risk provision |
|
| 2791 | Specific provision |
|
| 2792 | General provision |
28 |
|
| Debts pending for settlement |
| 281 |
| Debts pending for settlement secured by foreclosed assets |
|
| 2811 | Debts pending for settlement that have been secured by foreclosed assets from 30 June 1998 backward |
|
| 2812 | Other debts pending for settlement secured by foreclosed assets |
| 282 |
| Debts secured by collaterals, which are involved in a case pending for the court judgment |
| 283 |
| Unsettled debts with collaterals |
| 284 |
| Unsettled debts without collaterals and subjects for debt collection no longer existing |
| 285 |
| Unsettled debts without collaterals but obligors still in existence and in operation |
| 289 |
| Provision against risks of debts pending for settlement |
|
| 2891 | Specific provision |
|
| 2892 | General provision |
29 |
|
| Frozen debts |
| 291 |
| Short term lending |
| 292 |
| Medium term lending |
| 293 |
| Long term lending |
| 299 |
| Provision against risks of frozen debts |
|
| 2991 | Specific provision |
|
| 2992 | General provision |
Category 3: Fixed assets and other Assets | |||
30 |
|
| Fixed assets |
| 301 |
| Tangible fixed assets |
|
| 3012 | Houses, structures |
|
| 3013 | Machineries, equipment |
|
| 3014 | Means of transport, transmission devices |
|
| 3015 | Equipments, tools for management |
|
| 3019 | Other tangible fixed assets |
| 302 |
| Intangible fixed assets |
|
| 3021 | Land use right |
|
| 3024 | Computer software |
|
| 3029 | Other intangible fixed assets |
| 303 |
| Fixed assets from finance lease |
| 304 |
| Investment real estates |
| 305 |
| Depreciation of fixed assets |
|
| 3051 | Depreciation of tangible fixed assets |
|
| 3052 | Depreciation of intangible fixed assets |
|
| 3053 | Depreciation of leased fixed assets |
|
| 3054 | Depreciation of investment real estates |
31 |
|
| Other assets |
| 311 |
| Instruments, tools |
| 313 |
| Materials |
32 |
|
| Capital construction, procurement of fixed assets |
| 321 |
| Procurement of fixed assets |
| 322 |
| Expenses of capita construction |
|
| 3221 | Expenses on construction works |
|
| 3222 | Materials used for capital construction |
|
| 3223 | Labour costs |
|
| 3229 | Other expenses |
| 323 |
| Fixed assets repair |
34 |
|
| Capital contribution, long term investment |
| 341 |
| Investments in subsidiaries in VND |
| 342 |
| Capital contribution for joint venture in VND |
|
| 3421 | Capital contribution for joint venture with other credit institutions |
|
| 3422 | Capital contribution for joint venture with economic organizations |
| 343 |
| Investments in associates in VND |
| 344 |
| Other long term investments in VND |
| 345 |
| Investments in subsidiaries in foreign currency |
| 346 |
| Capital contribution for joint venture in foreign currency |
|
| 3461 | Capital contribution for joint venture with other credit institutions |
|
| 3462 | Capital contribution for joint venture with economic organizations |
| 347 |
| Investments in associates in foreign currency |
| 348 |
| Other long term investments in foreign currency |
| 349 |
| Provision for fall of long term investment price |
35 |
|
| External receivables |
| 351 |
| Security deposits, mortgage, pledge |
| 352 |
| Embezzled, abused amounts |
| 353 |
| Payments to the State Budget |
|
| 3531 | Advanced payments to the State Budget |
|
| 3532 | Input value added tax |
|
| 3535 | Deferred income tax assets |
|
| 3539 | Items pending for State Budget payment |
| 355 |
| Costs of collaterals disposal |
| 359 |
| Other receivable items |
|
| 3591 | Receivables classified as credit risk weighted Assets |
|
| 3592 | Other receivables |
|
| 3597 | Specific provision against risks |
|
| 3598 | General provision against risks |
|
| 3599 | Provision for difficult to collect receivables |
36 |
|
| Internal receivables |
| 361 |
| Internal advances and receivables in VND |
|
| 3612 | Advances for operational purposes |
|
| 3613 | Advances for payment of salary, business trip expenses of staff |
|
| 3614 | Embezzled, deficient, lost money, assets pending for settlement |
|
| 3615 | Amounts to be compensated of staff of credit institutions |
|
| 3619 | Other receivables |
| 362 |
| Internal advances and receivables in foreign currency |
|
| 3622 | Advances to overseas representative offices, branches |
|
| 3623 | Advances to business trip of staff |
|
| 3629 | Other receivables |
| 366 |
| Receivables from internal transactions |
|
| 3661 | Receivables from branches |
|
| 3662 | Receivables from the Head Office |
| 369 |
| Other receivables |
|
| 3692 | Value of debts assigned to Debts and assets management company |
|
| 3699 | Other receivables |
37 |
|
| Debt purchase |
| 371 |
| Debt purchase in VND |
| 372 |
| Debt purchase in foreign currency |
| 379 |
| Risk provision |
|
| 3791 | Specific provision |
|
| 3792 | General provision |
38 |
|
| Other Assets |
| 381 |
| Funds transferred for granting syndicated credits |
|
| 3811 | Funds transferred for granting syndicated credits in VND |
|
| 3812 | Funds transferred for granting syndicated credits in foreign currency |
| 382 |
| Entrustment |
|
| 3821 | Credit extension entrustment in VND |
|
| 3822 | Credit extension entrustment in foreign currency |
|
| 3823 | Other entrustments in VND |
|
| 3824 | Other entrustments in foreign currency |
| 383 |
| Investments in finance leasing facilities |
|
| 3831 | Investments in finance leasing facilities in VND |
|
| 3832 | Investments in finance leasing facilities in foreign currency |
| 386 |
| Risk provision |
|
| 3861 | Specific risk provision |
|
| 3862 | General risk provision |
|
| 3863 | Other risk provisions |
| 387 |
| Foreclosed assets of which ownership has been transferred to credit institutions, pending for settlement |
| 388 |
| Costs pending for allocation |
| 389 |
| Other Assets |
39 |
|
| Receivable interests and fees |
| 391 |
| Interests receivable from deposits |
|
| 3911 | Interests receivable from VND deposits |
|
| 3912 | Interests receivable from foreign currency deposits |
| 392 |
| Interests receivable from securities investment |
|
| 3921 | Interests receivable from State Bank’s bills and Treasury bills |
|
| 3922 | Interests receivable from investment securities available for sale |
|
| 3923 | Interests receivable from investment securities held to maturity |
| 394 |
| Interests receivable from credit activities |
|
| 3941 | Interests receivable from lending in VND |
|
| 3942 | Interests receivable from lending in foreign currency and gold |
|
| 3943 | Interests receivable from finance leasing |
|
| 3944 | Interests receivable from payments on behalf of guaranteed customers |
| 395 |
| Interests receivable from debt purchase operations |
|
| 3951 | Interests receivable from debt purchased in VND |
|
| 3952 | Interests receivable from debt purchased in foreign currency |
| 396 |
| Interests receivable from derivatives |
|
| 3961 | Swap transactions |
|
| 3962 | Forward transactions |
|
| 3963 | Future transactions |
|
| 3964 | Option transactions |
| 397 |
| Receivable fees |
Category 4: Payables | |||
40 |
|
| Debts to the Government and State Bank |
| 401 |
| VND deposits of State Treasuries |
| 402 |
| Foreign currency deposits of State Treasuries |
| 403 |
| Borrowings in VND from the State Bank |
|
| 4031 | Borrowing under credit facilities |
|
| 4032 | Borrowings through discount, rediscount of valuable papers |
|
| 4033 | Borrowing against pledge of valuable papers |
|
| 4034 | Borrowings in clearing |
|
| 4035 | Borrowings under special support |
|
| 4038 | Other borrowings |
|
| 4039 | Overdue debts |
| 404 |
| Borrowings in foreign currency from the State Bank |
|
| 4041 | Current debts |
|
| 4049 | Overdue debts |
41 |
|
| Debts to other credit institutions |
| 411 |
| VND deposits of domestic credit institutions |
|
| 4111 | Demand deposits |
|
| 4112 | Term deposits |
| 412 |
| Foreign currency deposits of domestic credit institutions |
|
| 4121 | Demand deposits |
|
| 4122 | Term deposits |
| 413 |
| VND deposits of overseas banks |
|
| 4131 | Demand deposits |
|
| 4132 | Term deposits |
| 414 |
| Foreign currency deposits of overseas banks |
|
| 4141 | Demand deposits |
|
| 4142 | Term deposits |
| 415 |
| Borrowings in VND from domestic credit institutions |
|
| 4151 | Current debts |
|
| 4159 | Overdue debts |
| 416 |
| Borrowings in foreign currency from domestic credit institutions |
|
| 4161 | Current debts |
|
| 4169 | Overdue debts |
| 417 |
| Borrowings in VND from overseas credit institutions |
|
| 4171 | Current debts |
|
| 4179 | Overdue debts |
| 418 |
| Borrowings in foreign currency from overseas credit institutions |
|
| 4181 | Current debts |
|
| 4189 | Overdue debts |
| 419 |
| Borrowings through discount, rediscount of negotiable instruments and other valuable papers |
42 |
|
| Deposits of customers |
| 421 |
| VND deposits of domestic customers |
|
| 4211 | Demand deposits |
|
| 4212 | Term deposits |
|
| 4214 | Deposits for specific purposes |
| 422 |
| Foreign currency deposits of domestic customers |
|
| 4221 | Demand deposits |
|
| 4222 | Term deposits |
|
| 4224 | Deposits for specific purposes |
| 423 |
| VND savings deposits |
|
| 4231 | Demand savings deposits |
|
| 4232 | Term savings deposits |
|
| 4238 | Other savings deposits |
| 424 |
| Savings deposits in foreign currency and gold |
|
| 4241 | Demand savings deposits |
|
| 4242 | Term savings deposits |
| 425 |
| VND deposits of foreign customers |
|
| 4251 | Demand deposits |
|
| 4252 | Term deposits |
|
| 4254 | Deposits for specific purposes |
| 426 |
| Foreign currency deposits of foreign customers |
|
| 4261 | Demand deposits |
|
| 4262 | Term deposits |
|
| 4264 | Deposits for specific purposes |
| 427 |
| VND security deposits |
|
| 4271 | Security deposits for cheque payment |
|
| 4272 | Deposits for opening L/C |
|
| 4273 | Deposits for Card payment |
|
| 4274 | Security deposits for guarantee |
|
| 4277 | Security deposits for finance lease |
|
| 4279 | Security for other payments |
| 428 |
| Foreign currency security deposits |
|
| 4281 | Security deposits for cheque payment |
|
| 4282 | Deposits for opening L/C |
|
| 4283 | Deposits for Card payment |
|
| 4284 | Security deposits for guarantee |
|
| 4287 | Security deposits for finance lease |
|
| 4289 | Security for other payments |
43 |
|
| Credit institutions issuing valuable papers |
| 431 |
| Face value of valuable papers denominated in VND |
| 432 |
| Discount of valuable papers denominated in VND |
| 433 |
| Additional valuable papers denominated in VND |
| 434 |
| Face value of valuable papers denominated in foreign currency and gold |
| 435 |
| Discount of valuable papers denominated in foreign currency and gold |
| 436 |
| Additional valuable papers in foreign currency and gold |
44 |
|
| Funds financed, entrusted for investment, lending |
| 441 |
| Funds financed, entrusted for investment, lending in VND |
|
| 4411 | Funds received from the international organizations |
|
| 4412 | Funds received from the Government |
|
| 4413 | Funds received from other organizations, individuals |
| 442 |
| Funds financed, entrusted for investment, lending in foreign currency |
|
| 4421 | Funds directly received from the international organizations. |
|
| 4422 | Funds received from the Government |
|
| 4423 | Funds received from other organizations |
45 |
|
| External payables |
| 451 |
| Payables for the capital construction, procurement of fixed assets |
| 452 |
| Consigned funds pending for payment |
|
| 4521 | Consigned funds pending for payment |
|
| 4523 | Payments with customers for money not eligible for circulation and pending for settlement |
| 453 |
| Taxes and payments to the State |
|
| 4531 | Payable value added tax |
|
| 4534 | Corporate income tax |
|
| 4535 | Deferred income tax payable |
|
| 4538 | Other taxes |
|
| 4539 | Other payables |
| 454 |
| Money transfer payable in VND |
| 455 |
| Money transfer payable in foreign currency |
| 458 |
| Differences in debt trading pending for settlement |
| 459 |
| Other items pending for payment |
|
| 4591 | Amounts received from sale of debts, collaterals or development of collaterals |
|
| 4599 | Other items pending for payment |
46 |
|
| Internal payables |
| 461 |
| Excessive funds, excessive assets pending for settlement |
| 462 |
| Payables to staff, employees of the credit institutions |
| 466 |
| Payables from internal transactions within the system of the credit institutions |
|
| 4661 | Payables to branches |
|
| 4662 | Payables to the Head Office |
| 467 |
| Value of debts received from commercial banks for management and development |
| 469 |
| Other payables |
47 |
|
| Foreign exchange transactions |
| 471 |
| Purchase, sale of foreign currency for trading purpose |
|
| 4711 | Purchase, sale of foreign currency for trading purpose |
|
| 4712 | Payment for purchase, sale of foreign currency for trading purpose |
| 473 |
| Swap transactions |
|
| 4731 | Commitments of currency swap transactions |
|
| 4732 | Values of currency swap transactions |
| 474 |
| Forward transactions |
|
| 4741 | Commitments of currency forward transactions |
|
| 4742 | Values of currency forward transactions |
| 475 |
| Future transactions |
|
| 4751 | Commitments of currency future transactions |
|
| 4752 | Values of currency future transactions |
| 476 |
| Option transactions |
|
| 4761 | Commitments of currency option transactions |
|
| 4762 | Values of currency option transactions |
| 478 |
| Sale of gold, silver and precious stones |
48 |
|
| Other Liabilities |
| 481 |
| Funds received for granting syndicated credits |
|
| 4811 | Funds received for granting syndicated credits in VND |
|
| 4812 | Funds received for granting syndicated credits in foreign currency |
| 482 |
| Entrusted funds |
|
| 4821 | Entrusted funds in VND |
|
| 4822 | Entrusted funds in foreign currency |
| 483 |
| Funds for scientific and technological development |
|
| 4831 | Funds for scientific and technological development |
|
| 4832 | Funds for scientific and technological development with fixed asset already formed |
| 484 |
| Funds for bonus, welfare and reward to the Executive Committee |
|
| 4841 | Fund for bonus and reward |
|
| 4842 | Welfare fund |
|
| 4843 | Welfare fund of which fixed assets have already been formed |
|
| 4844 | Fund for reward to the Executive Committee |
| 485 |
| Reserved fund for severance benefits |
| 486 |
| Payments for derivatives |
|
| 4861 | Payments for swap transactions |
|
| 4862 | Payments for forward transactions |
|
| 4863 | Payments for future transactions |
|
| 4864 | Payments for option transactions |
| 487 |
| Debt components of preferred stock |
| 488 |
| Revenues pending for allocation |
| 489 |
| Other risk provisions |
|
| 4891 | Provision for other payment services |
|
| 4892 | Provisions for the decline of inventory s prices |
|
| 4895 | General provision for commitments given |
|
| 4896 | Specific provision for commitments given |
|
| 4899 | Other risk provisions |
49 |
|
| Interests and fees payable |
| 491 |
| Interests payable to deposits |
|
| 4911 | Interests payable for deposits in VND |
|
| 4912 | Interests payable for deposits in foreign currency |
|
| 4913 | Interests payable for savings deposits in VND |
|
| 4914 | Interests payable for savings deposits in foreign currency |
| 492 |
| Interests payable on issued valuable papers |
|
| 4921 | Interests payable for issued valuable papers in VND |
|
| 4922 | Interests payable for issued valuable papers in foreign currency |
| 493 |
| Interests payable on loans |
|
| 4931 | Interests payable for loans in VND |
|
| 4932 | Interests payable for loans in foreign currency |
| 494 |
| Interests payable for on funds financed, entrusted for investment, lending |
|
| 4941 | Interests payable for on funds financed, entrusted for investment in VND |
|
| 4942 | Interests payable for on funds financed, entrusted for investment in foreign currency |
| 496 |
| Interests payable for on derivative instruments |
|
| 4961 | Swap transactions |
|
| 4962 | Forward transactions |
|
| 4963 | Future transactions |
|
| 4964 | Option transactions |
| 497 |
| Fees payable |
Category 5: Payment activities | |||
50 |
|
| Payment between credit institutions |
| 501 |
| Clearing payment between banks |
|
| 5011 | Clearing payment of the head banks |
|
| 5012 | Clearing payment of the member banks |
| 502 |
| Collection, payment between credit institutions |
| 509 |
| Other payments between credit institutions |
51 |
|
| Payment for money transfer |
| 511 |
| Money transfer of the current year of money transferring units |
|
| 5111 | Outward transfer of the current year |
|
| 5112 | Inward transfer of the current year |
|
| 5113 | Inward transfer of the current year pending for settlement |
| 512 |
| Money transfer of the previous year of money transferring units |
|
| 5121 | Outward transfer of the previous year |
|
| 5122 | Inward transfer of the previous year |
|
| 5123 | Inward transfer of the previous year pending for settlement |
| 513 |
| Payment for money transfer of the current year at Payment Centers |
|
| 5131 | Payment for outward transfer of the current year |
|
| 5132 | Payment for inward transfer of the current year |
|
| 5133 | Payment for inward transfer of the current year pending for settlement |
| 514 |
| Payment for money transfer of the previous year at Payment Centers |
|
| 5141 | Payment for outward transfer of the previous year |
|
| 5142 | Payment for inward transfer of the previous year |
|
| 5143 | Payment for inward transfer of the previous year pending for settlement |
| 519 |
| Other payments among units of each bank |
|
| 5191 | Internal funds transfer |
|
| 5192 | Collection, payment on behalf of other units |
|
| 5199 | Other payments |
52 |
|
| Inter-branch payments |
| 521 |
| Inter-branch payments of the current year in the entire system of the bank |
|
| 5211 | Outward inter-branch payments of the current year |
|
| 5212 | Inward inter-branch payments of the current year |
|
| 5213 | Inward inter-branch payments of the current year already reconciled |
|
| 5214 | Inward inter-branch payments of the current year pending for reconciliation |
|
| 5215 | Inward inter-branch payments of the current year still in error |
| 522 |
| Inter-branch payments of the previous year in the entire system of the bank |
|
| 5221 | Outward inter-branch payments of the previous year |
|
| 5222 | Inward inter-branch payments of the previous year |
|
| 5223 | Inward inter-branch payments of the previous year already reconciled |
|
| 5224 | Inward inter-branch payments of the previous year pending for reconciliation |
|
| 5225 | Inward inter-branch payments of the previous year still in error |
|
| 5226 | Outward inter-branch transfer of the previous year |
|
| 5227 | Inward inter-branch transfer of the previous year |
| 523 |
| Inter-branch payment of the current year of each province, city |
|
| 5231 | Outward inter-branch transfer of the current year of each province, city |
|
| 5232 | Inward inter-branch transfer of the current year of each province, city |
|
| 5233 | Inward inter-branch transfer of the current year of each province, city already reconciled |
|
| 5234 | Inward inter-branch transfer of the current year of each province, city pending for reconciliation |
|
| 5235 | Inward inter-branch transfer of the current year of each province, city still in error |
| 524 |
| Inter-branch payment of the previous year of each province, city |
|
| 5241 | Outward inter-branch transfer of the previous year of each province, city |
|
| 5242 | Inward inter-branch transfer of the previous year of each province, city |
|
| 5243 | Inward inter-branch transfer of the previous year of each province, city already reconciled |
|
| 5244 | Inward inter-branch transfer of the previous year of each |
|
|
| province, city pending for reconciliation |
|
| 5245 | Inward inter-branch transfer of the previous year of each province, city still in error |
|
| 5246 | Outward inter-branch transfer of the previous year of each province, city |
|
| 5247 | Inward inter-branch transfer of the previous year of each province, city |
56 |
|
| Payments with overseas banks |
| 562 |
| Bilateral payment |
| 563 |
| Multilateral payment |
| 569 |
| Other payments |
Category 6: Owner capital sources | |||
60 |
|
| Capital of credit institutions |
| 601 |
| Charter capital |
| 602 |
| Investment in capital construction, procurement of fixed assets |
| 603 |
| Equity surplus |
| 604 |
| Fund shares |
| 609 |
| Other capitals |
61 |
|
| Funds of credit institutions |
| 611 |
| Reserved fund for charter capital supplement |
| 612 |
| Fund for Investment and Development |
|
| 6121 | Fund for Investment and Development |
|
| 6122 | Fund for scientific research and training |
| 613 |
| Finance reserve fund |
| 619 |
| Other Funds |
63 |
|
| Difference in foreign exchange rates, gold, silver and precious stones |
| 631 |
| Difference in foreign exchange rates |
|
| 6311 | Difference in foreign exchange rates re-valuated at the time of reporting |
|
| 6312 | Difference in foreign exchange rates during the period of investing in capital construction |
|
| 6313 | Difference in foreign exchange rates from conversion of financial statements |
| 632 |
| Difference due to revaluation of gold, silver and precious stones |
| 633 |
| Difference due to revaluation of derivatives |
|
| 6331 | Swap transactions |
|
| 6332 | Currency forward transactions |
|
| 6333 | Currency future transactions |
|
| 6334 | Currency option transactions |
|
| 6338 | Other derivatives |
64 |
|
| Difference due to revaluation of assets |
| 641 |
| Difference due to revaluation of assets |
| 642 |
| Difference due to revaluation of fixed assets |
65 |
|
| Preferred stocks |
69 |
|
| Undistributed profits |
| 691 |
| Profits of current year |
| 692 |
| Profits of previous year |
Category 7: Incomes | |||
70 |
|
| Incomes from credit activities |
| 701 |
| Interest incomes from deposits |
| 702 |
| Interest incomes from lending |
| 703 |
| Interest incomes from securities investment |
| 704 |
| Incomes from guarantee operations |
| 705 |
| Interest incomes from finance lease |
| 706 |
| Interest incomes from debt trading |
| 709 |
| Other incomes from credit activities |
71 |
|
| Incomes from service fees |
| 711 |
| Incomes from payment services |
| 713 |
| Incomes from treasury operations |
| 714 |
| Incomes from entrustment and agent operations |
| 715 |
| Incomes from consultancy services |
| 716 |
| Incomes from business and insurance services |
| 717 |
| Incomes from discount operations |
| 718 |
| Incomes from supply of asset protection and safe leasing |
| 719 |
| Other incomes |
72 |
|
| Incomes from foreign exchange trading |
| 721 |
| Incomes from foreign currency trading |
| 722 |
| Incomes from gold trading |
| 723 |
| Incomes from currency derivatives |
74 |
|
| Incomes from other business activities |
| 741 |
| Incomes from securities trading |
| 742 |
| Incomes from debt trading operations |
| 748 |
| Incomes from other derivatives |
| 749 |
| Incomes from other business activities |
78 |
|
| Incomes from capital contribution, share purchase |
79 |
|
| Other incomes |
Category 8: Expenses | |||
80 |
|
| Expense on credit activities |
| 801 |
| Payment of deposit interests |
| 802 |
| Payment of loan interests |
| 803 |
| Payment of valuable papers issuance interests |
| 805 |
| Payment of finance lease interests |
| 809 |
| Other expenses on credit activities |
81 |
|
| Expenses on service activities |
| 811 |
| Expense on payment services |
| 812 |
| Telecommunication network postage |
| 813 |
| Expense on treasury services |
|
| 8131 | Transport, loading and unloading of cash |
|
| 8132 | Counting, sorting and packing of cash |
|
| 8133 | Cash security |
|
| 8139 | Other expenses |
| 814 |
| Expenses on entrustment and agent operations |
| 815 |
| Expenses on consultancy services |
| 816 |
| Expenses on brokerage commission |
| 819 |
| Other expenses |
82 |
|
| Expenses on foreign exchange trading |
| 821 |
| Expenses on foreign currency trading |
| 822 |
| Expenses on gold trading |
| 823 |
| Expenses on currency derivatives |
S3 |
|
| Payment of taxes and fees, charges |
| 831 |
| Payment of taxes |
| 832 |
| Payment of fees and charges |
| 833 |
| Expenses on corporate income tax |
|
| 8331 | Expenses on current corporate income tax |
|
| 8332 | Expenses on deferred corporate income tax |
84 |
|
| Expenses on other business activities |
| 841 |
| Expenses on securities trading |
| 842 |
| Expenses relating to finance lease operation |
| 843 |
| Expenses on debt trading operation |
| 848 |
| Expenses on other derivatives |
| 849 |
| Expenses on other business activities |
85 |
|
| Expenses on staff |
| 851 |
| Salaries and allowances |
|
| 8511 | Salaries and salary allowances |
| 852 |
| Expenses on workplace uniform and labour protection equipment |
| 853 |
| Expenses on salary-related contributions |
|
| 8531 | Payment of social insurance |
|
| 8532 | Payment of health insurance |
|
| 8533 | Payment of work safety insurance |
|
| 8534 | Payment of trade union fee |
|
| 8539 | Other contributions under applicable regime |
| 854 |
| Expenses on allowances |
|
| 8541 | Disadvantage benefits |
|
| 8542 | Severance benefits |
|
| 8549 | Other expenses on benefits |
| 856 |
| Expenses on shift meals for staff of the credit institution |
| 857 |
| Expenses on healthcare of staff of the credit institution |
| 859 |
| Other expenses on staff of the credit institution |
86 |
|
| Expenses on management activities and public affairs |
| 861 |
| Expenses on materials and printing paper |
|
| 8611 | Stationeries |
|
| 8612 | Printing paper |
|
| 8613 | Information carrier |
|
| 8614 | Gasoline |
|
| 8619 | Other materials |
| 862 |
| Expenses on business trips |
| 863 |
| Expenses on operational training |
| 864 |
| Expenses on research and application of technological science, initiatives, innovation |
| 865 |
| Expenses on postage and telephone bills |
| 866 |
| Expenses on publishing of materials, dissemination, advertisement, marketing, sale promotion |
| 867 |
| Expenses on subscribing materials, journals and periodicals |
| 868 |
| Expenses on union activities of the credit institution |
| 869 |
| Other expenses on management |
|
| 8691 | Electricity, water, hygiene at workplace |
|
| 8693 | Meeting |
|
| 8694 | Reception, festivals |
|
| 8695 | Accounting, inspection, control of the credit institutions s activities |
|
| 8696 | Hire of local and foreign experts |
|
| 8697 | Fire protection and fighting |
|
| 8699 | Other expenses |
87 |
|
| Expenses on assets |
| 871 |
| Basic depreciation of fixed assets |
| 872 |
| Maintenance and repair of assets |
| 874 |
| Procurement of working tools |
| 875 |
| Expenses on property insurance |
| 876 |
| Expenses on property lease |
88 |
|
| Expenses on provision making, preservation and insurance for customers’ deposits |
| 882 |
| Expenses on provision making |
|
| 8821 | Provision for decline of gold price |
|
| 8822 | Provision for Debts difficult to collect |
|
| 8823 | Provision for decline of securities price |
|
| 8824 | Provision for payment services |
|
| 8825 | Provision for decline of inventory price |
|
| 8826 | Provision for decline of price of capital contribution, share purchase |
|
| 8827 | Provision for commitments given |
|
| 8829 | Provision for other risks |
| 883 |
| Expenses on payment of insurance premium, protection of customers’ deposits |
89 |
|
| Other expenses |
| 891 |
| Expenses on social activities |
| 899 |
| Other expenses under the financial regime |
Category 9: Off-balance sheet accounts | |||
90 |
|
| Money without circulation value |
| 901 |
| Money without circulation value |
|
| 9011 | Specimen money |
|
| 9012 | Keepsake money |
|
| 9019 | Money suspected as counterfeit, counterfeit money, damaged money pending for settlement |
91 |
|
| Foreign currency and valuable documents denominated in foreign currency |
| 911 |
| Foreign currency |
|
| 9113 | Foreign currency remitted abroad by customers for collection |
|
| 9114 | Foreign currency not eligible for circulation pending for settlement |
| 912 |
| Valuable documents denominated in foreign currency |
|
| 9121 | Valuable documents denominated in foreign currency and used as specimen |
|
| 9122 | Valuable documents denominated in foreign currency kept or collected for customers |
|
| 9123 | Valuable documents denominated in foreign currency remitted abroad for collection |
|
| 9124 | Valuable documents denominated in foreign currency received from abroad pending for payment |
92 |
|
| Documents of commitments given |
| 921 |
| Commitment on loan guarantee |
| 922 |
| Commitment on payment guarantee |
| 923 |
| Commitment on foreign exchange transactions |
|
| 9231 | Commitment on sport purchase of foreign currency |
|
| 9232 | Commitment on spot sale of foreign currency |
|
| 9233 | Commitment on forward purchase of foreign currency |
|
| 9234 | Commitment on forward sale of foreign currency |
|
| 9235 | Commitment on currency swap transaction |
|
| 9236 | Commitment on currency Call option |
|
| 9237 | Commitment on currency Put option |
|
| 9238 | Commitment on currency future transaction |
| 924 |
| Irrevocable loan commitment |
| 925 |
| Commitment in L/C operations |
| 926 |
| Commitment on contract performance guarantee |
| 927 |
| Bidding guarantee commitments |
| 928 |
| Other guarantee commitments |
| 929 |
| Other commitments |
|
| 9291 | Interest rate swap contract |
|
| 9293 | Valuable paper sale and purchase contract |
|
| 9299 | Other commitments |
93 |
|
| Commitments received |
| 931 |
| Guarantee commitments received from other credit institutions |
|
| 9311 | Borrowing |
|
| 9319 | Other guarantees |
| 932 |
| Guarantee received from Government’s agencies |
| 933 |
| Guarantee received from insurers |
| 934 |
| Guarantee received from international organizations |
| 938 |
| Documents of other commitments received |
| 939 |
| Other guarantees received |
94 |
|
| Lending interest and receivable fees but not collected yet |
| 941 |
| Lending interests in VND that have not been collected yet |
| 942 |
| Lending interests in foreign currency that have not been collected yet |
| 943 |
| Finance leasing interests that have not been collected yet |
| 944 |
| Securities interests that have not been collected yet |
| 945 |
| Deposits interests that have not been collected yet |
| 949 |
| Receivable fees that have not been collected yet |
95 |
|
| Assets used for finance leasing |
| 951 |
| Assets used for finance leasing being managed at the company |
| 952 |
| Assets used for finance leasing being delivered to the lessee |
96 |
|
| Valuable papers of the issuing credit institution |
| 961 |
| Specimen valuable papers |
| 962 |
| Valuable papers of the credit institution |
97 |
|
| Difficult to collect debts that have been settled |
| 971 |
| Loss debts being under monitoring |
|
| 9711 | Loss principal debts being under monitoring |
|
| 9712 | Loss interest debts being under monitoring |
| 972 |
| Loss debts in payment activities |
98 |
|
| Debt trading, entrustment and agent operations |
| 981 |
| Debt trading operations |
|
| 9811 | Principal of debts bought |
|
| 9812 | Interest of debts bought |
|
| 9813 | Principal debts sold |
|
| 9814 | Interests of sold debts |
| 982 |
| Lending under syndication contracts |
|
| 9821 | Current debts |
|
| 9822 | Overdue debts |
| 983 |
| Credit granting under entrustment contract |
|
| 9831 | Current debts |
|
| 9832 | Overdue debts |
| 984 |
| Other entrustment and agent operations |
| 989 |
| Deposited securities |
99 |
|
| Assets and other documents |
| 991 |
| Precious metals, precious stones kept for customers |
| 992 |
| Other assets kept for customers |
| 993 |
| Outsourced assets |
| 994 |
| Mortgaged, pledged assets of customers |
| 995 |
| Foreclosed assets pending for settlement |
| 996 |
| Valuable papers pledged by customers |
| 997 |
| Assets received from commercial banks or from debt repurchase |
| 998 |
| Assets, valuable papers of pledging, mortgaging credit institutions |
| 999 |
| Other valuable documents being preserved |
3.To amend the detailed accounting of account 1011 - Cash at the entity as follows:
“Detailed accounting:
To open 02 detailed accounts:
- Cash already counted.
- Cash received under sealed off bags.”
4.To amend account 105 - Precious metals, precious stones as follows:
“Account 105 - Precious metals, precious stones
This account is used to account value of precious metals, precious stones of the credit institution.
The accounting on this account shall be subject to following regulations:
1. The credit institution is responsible for distinguishing between money gold and non- money gold.
- Money gold (in the item of money) is the foreign exchange in accordance with regulations in item d Clause 1 Article 4 of the Ordinance on Foreign exchanges No. 28/2005/PL- UBTVQH11 dated 13 December 2005, or international standard gold (mass gold, bar gold, piece gold, leaf gold with trademark of an international gold manufacturer or domestic gold manufacturer which is internationally recorded). Monetary gold is considered as a type of foreign currency and is a reserved asset for international payment.
- Non-monetary gold (in the item of non-money) is the gold which is purchased for the purpose of processing, jewelry manufacture. Non-monetary gold is considered as a type of common materials, goods.
2. Detailed accounting, general accounting in respect of account “monetary gold” are similar to the accounting of foreign currency account. For the operation of sale, purchase and derivation of monetary gold, accountants shall use accounts of sale, purchase and derivation of foreign currency for accounting (treating gold as a type of foreign currency).
3. Accounting in respect of account “non-monetary gold” under the basis price, specifically as follows:
- Value of non-monetary gold upon store-in and store-out shall be calculated under the real buying price. In the event where non-monetary gold to be stored in is purchased at different buying prices, the value of non-monetary gold upon store-out shall be accounted at the average buying price of the in-stock non-monetary gold
- In respect of credit institutions, which have full conditions for organizing the accounting, following up and preservation of the in-stock non-monetary gold at different buying prices, the accountants may apply the method for accounting the value of non-monetary gold stored out at its real buying price.
- The consumption of non-monetary gold shall use Account 478 - Consumption of gold, silver and precious stones.
4. In respect of the detailed accounting of gold, CIs shall account both value and volume of gold, which is stored in, stored out, in stock. Upon making accounting report, value of gold shall be converted into Vietnamese dong under the stipulated exchange rate.
Account 105 - Precious metal, precious stone consists of following tier III accounts:
1051 - Gold at the entity
1052 - Gold at book-entry accounting units
1053 - Gold being carried away for processing, manufacture
1054 - Precious metal, precious stone in transport
1058 - Other precious metals, precious stones
Account 1051 - Gold at the unit
This account is used for accounting the gold value of the CI
Debit:- Value of gold stored in
Credit:- Value of gold stored out
Debit balance:- To reflect the value of in-stock gold at the unit
Detailed accounting:- To open detailed accounts by monetary gold and non-monetary gold.
Account 1052 - Gold at book entry accounting units
This account is used for following up the value of gold in the treasury of units which perform book entry accounting (do not have their own balance sheet).
Debit:- Value of gold supplied to the treasury of book entry accounting unit.
- Value of gold received by the book entry accounting unit
Credit:- Value of gold the book entry accounting unit returns to the unit in charge
- Value of gold spent by the book entry accounting unit
Debit balance:- Value of gold in stock of the unit performing the book entry accounting
Detailed accounting:- To open detailed accounts by each unit that performs the book entry accounting
Account 1053 - Gold being carried away for processing, manufacture
This account is used for following up the value of gold stored out for processing, creation of the CI.
Debit:- Value of the gold stored out for processing, creation
Credit:- Value of the gold carried away for processing, creation which has been stored in again.
Debit balance:- To reflect the value of gold carried away for processing, creation.
Detailed accounting:- To open 01 detailed account.
Account 1054 - Precious metals, precious stones in transport
This account is used for accounting value of precious metals, precious stones stored out to deliver to other units and being in transport. Cases of direct delivery and receipt shall not be accounted to this account.
Debit:- Value of precious metals, precious stones stored out to deliver to receiving units.
Credit:- Value of precious metals, precious stones which have been delivered to the receiving unit(Basing on the Minutes of delivery and receipt or the written Notice to perform accounting).
Debit balance:- Value of precious metals, precious stones delivered to units and being in transport..
Detailed accounting:- To open detailed accounts by each unit receiving precious metals, precious stones.
Account 1058 - Other precious metals, precious stones
This account is used for accounting the value of precious metals, precious stones of the CI. Accounting contents on this account are similar to those on the Account 1051 - Gold at the unit.
Detailed accounting:- To open detailed accounts by each type of precious metals, precious stones”.
5.To change the name of the Account 13 - “Deposits at other CIs” into “Money, gold deposited in other CIs”.
6.To amend Account 14 - Trading securities as follows:
“Account 14 - Trading securities
Account 14- Trading securities consists of following tier II accounts:
Account 141 - Debit securities
Account 142 - Equity Securities
Account 148 - Other trading securities
Account 149 - Provisions for decline of securities price
Accounting details on Accounts:
Account 141 - Debit securities
Account 142 - Equity Securities
Account 148 - Other trading securities
These accounts are used for reflecting the value of securities which are purchased, sold by credit institutions to enjoy price difference.
The accounting of these accounts shall be performed in accordance with following provisions:
1. Trading securities are accounted at actual purchase price of securities (original cost), including the purchase price plus (+) purchase related expenses (if any).
2. Interests of securities received during the time of securities holding shall be recorded to the interests income.
3. In the event of the sale and transfer of securities made by the CI, the Credit of this account should state the actual price that has been accounted previously when this type of securities is purchased (for settlement purpose), not the actual receipt. The difference between the actual receipt and the amount credited to this account is recorded to the business result.
4. At the closing time of the accounting book for the preparation of financial statements, accountants should, basing on the change of securities prices, set up provisions or return provisions for the fall of securities price for the securities not yet sold at the closing time.
5. If it is permitted by the Vietnamese accounting standards or financial regime: securities shall be periodically revalued at the market price, whenever financial statements are made. All profits, losses that arise but have not yet been realized shall be recorded to income from or expenditures on securities trading (stated in the business result report).
Debit:- Value of securities purchased by the credit institution
Credit:- Value of securities sold by the credit institution.
- Value of securities to be paid.
Debit balance:- To reflect value of securities being managed by the credit institution.
Detailed accounting:- To open by group of terms for Debit securities
- To open by type of securities for Capital securities.
Account 141 - Debit securities
This account is used for following up types of Debit securities. Debit securities are those of which the issuer must make binding commitments with the securities holder under specific conditions on the repayment term of principals, interests…
This account consists of following tier III accounts:
Account 1411 - Government’s securities
Account 1412 - Securities issued by other domestic CIs
Account 1413 - Securities issued by domestic economic organizations
Account 1414 - Foreign securities
Account 142 - Equity securities
This account is used for accounting shares (either common shares or preferred shares) purchased and sold by credit institutions in the market to enjoy price difference without any purpose of holding as a long term investor.
Capital securities are a type of securities which set up ownership of the securities holder for an enterprise. Thereby, capital securities present a part of assets over the total assets of an enterprise after the performance of entire debt obligations, such as: common shares, some other preferred shares…
This account has following tier III accounts:
Account 1421 - Securities issued by other domestic CIs
Account 1422 - Securities issued by domestic economic organizations
Account 1423 - Foreign securities
Account 148 - Other trading securities
This account is used for following up other types of trading securities that do not belong to the categories of securities mentioned above.
Accounting details on Account 149:
Account 149 - Provisions for risks of securities
This account is used for reflecting the setting up, settlement and return of risk provisions in accordance with laws and regulations on setting up and use of provisions for dealing with risks of trading securities of the credit institution.
The accounting on this account shall be performed in accordance with following regulations: Conditions for setting up provision for risks of securities:
- Securities are invested, traded in compliance with applicable laws and regulations.
- For trading securities that are classified as Assets and are subject to making provision against credit risks as required by laws (hereinafter called credit risk weighted assets), the credit institution shall be responsible for classifying and setting up risk provision in accordance with laws and regulations on setting up and use of provision for handling risks.
- For trading securities that are not classified as credit risk weighted Asset, the credit institution shall be responsible for setting up provision for price fall as required by laws on provision for the fall of financial investments price.
Account 149 has tier III accounts as follows:
1491- Specific provision
1492- General provision
1499- Provision for price fall
Accounting details of these accounts are as follows:
Credit:- Amount of provision set up to be charged to expenses.
Debit:- Use of provision for handling.
- Return of excessive amount of provision set up as regulated.
Credit balance:- To reflect the available amount of provision at the end of the period.
Detailed accounting:- To open 01 detailed account.”
7. To amend Account 15 - Investment securities available for sale as follows:
“Account 15 - Investment securities available for sale
This account is used for reflecting the present value and change of types of securities issued by the Government, municipal authorities or domestic, foreign institutions and being invested by the credit institution. This account is used to account types of securities, which are held for investment purpose and ready for saleto sel andl, which are not subject to which do not belong to the type of securities that are purchased and sold out regularly, but they can be sold at any time if it is considered profitable (CI shall issue internal regulations on this matter, unless otherwise provided for by applicable laws).
The accounting on this account shall be performed in accordance with following regulations:
1. For Debit securities:
a. The credit institution shall open a detailed account to reflect the Face value, discounted value and additional value of investment securities. Of which: (i) Original cost of securities (the real buying price of securities), including: Buying price plus (+) directly related costs, such as costs for brokerage, transaction, information supply, banking fees and charges (if any); (ii) discounted value, which means the negative difference between the original cost and total value of amounts that include face value and accrued interests before buying (if any); (iii) additional value means the positive difference between the original cost and total value of amounts that include face value and accrued interests before buying (if any). Upon reflecting on the financial statements, this item of securities shall be reflected by net value (Face value - Discount + Addition).
b. If permitted by information technology, interest amount shall be recorded basing on the real time and interest rate (real interest rate means the rate of interest used for converting amounts of money received in the future during the period the other party use the assets in terms of initially recorded value at the time of transferring assets to the user). For the case where interest cannot be calculated on the basis of real interest rate, the additional value or discounted value shall be equally allocated to the securities holding period of the credit institution.
c. If interest from investment debit securities can be collected, including the accrued interest before the investment is repurchased by the credit institution, then the credit institution shall be required to allocate such interest amount. Accordingly, only the interest amounts of periods following the repurchase of investment by the credit institution are recorded as income, while the interest amount accrued before the repurchase of such investment by the credit institution shall be recorded as value reduction of such investment.
d. At the end of the accounting period, if market value of securities falls to below the net value of the securities, a provision for fall of investment securities price shall be set up.
2. For Debit securities:
a. Equity securities must be booked at the real buying price of securities (original cost), including: Buying price plus (+) directly related costs, such as costs for brokerage, transaction, information supply, taxes, banking fees and charges (if any).
b. Incomes of the credit institution from investment securities available for sale where the right of the credit institution is established and notice of dividend distribution is available.
c. At the end of the accounting period, if market value of securities falls to below the net value of the securities, a provision for fall of investment securities price shall be set up.
Debit:- Value of securities purchased.
Credit:- Value of securities sold.
- Value of securities paid by the issuer.
Debit balance: - Value of securities being held.
Detailed accounting:- To open a detailed account by the Face value, discounted value and additional value of investment securities for debit securities.
- To open a detailed account by each type of securities for equity securities.
This account has tier II accounts as follows:
151- Government’s securities, municipal securities
152- Debit securities issued by other domestic credit institutions
153- Debit securities issued by domestic economic organizations
154- Foreign Debit securities
155- Equity securities issued by other domestic credit institutions
156- Equity securities issued by domestic economic organizations
157- Foreign Equity securities
159- Provision for risks of securities
Account 151 - Government’s securities, municipal securities
This account is used for reflecting the present value and changes of types of Government’s securities (excluding Government’s Bills), municipal securities being invested by the credit institution.
Account 152- Debit securities issued by other domestic credit institutions
Account 153- Debit securities issued by domestic economic organizations
Account 154- Foreign Debit securities
These accounts are used for reflecting the present value and changes of types of Debit securities being held by the credit institution for investment purpose and available for sale at any time if it may be deemed as profitable.
Debit securities being followed up on this account shall consist of bonds, valuable papers,… issued by other domestic credit institutions, domestic economic organizations or securities issued by the Government or foreign organizations.
Account 155- Equity securities issued by other domestic credit institutions
Account 156- Equity securities issued by domestic economic organizations
Account 157- Foreign Equity securities
These accounts are used for reflecting the present value and changes of types of equity securities being held by the credit institution for investment purpose and available for sale at any time if it may be deemed as profitable, and not belonging to the accounted objects on account 34.
Equity securities being accounted on this account are those which are listed in the market and not eligible for forming a subsidiary, associate or joint venture (jointly controlled entity).
Such investments as capital contribution under contracts of capital contribution, purchase of shares that are not listed in securities markets shall be reflected on account 344, 348 (other long term investments).
Account 159- Provision for risks of securities
This account is used for reflecting the provisioning, handling and return of risk provision by the credit institution in accordance with laws and regulations on setting up and use of provision for handling risks of investment securities available for sale of the credit institution.
The accounting on this account shall be performed in accordance with following regulations: Conditions for setting up provision for securities risks:
- Securities are invested, traded in compliance with applicable laws and regulations.
- For investment securities that are classified as credit risk weighted Asset, the credit institution shall be responsible for classifying and setting up risk provision in accordance with laws and regulations on setting up and use of provision for handling risks.
- For investment securities that are not classified as credit risk weighted Asset, the credit institution shall be responsible for setting up provision for price fall as required by laws on provision for the fall of financial investments price.
Account 159 has tier III accounts as follows:
1591- Specific provision
1592- General provision
1599- Provision for price fall
Accounting details on Account 159 are similar to those of Account 149.”
8.To amend Account 20- Lending to other credit institutions as follows:
“Account 20- Lending to other credit institutions
Account 201- Lending in VND to domestic credit institutions
Account 202- Lending in foreign currency to domestic credit institutions
Account 203- Lending in foreign currency to foreign credit institutions
These accounts are used for accounting amount of loans given by the credit institution to other credit institutions and loans that have been rescheduled by the credit institution or that are overdue.
Account 205- Discount, rediscount of negotiable instruments and other valuable papers
This account is used for reflecting the amount of current advances, overdue advances to another credit institution after approving to discount, rediscount negotiable instruments and valuable papers of such credit institution.
Account 209- Risk provision
This account is used for reflecting the provisioning, handling and return of risk provision by the credit institution in accordance with laws and regulations on setting up and use of provision for handling risks of loans to other credit institutions.
Account 209 has tier III accounts as follows:
2091- Specific provision
2092- General provision
Accounting details of these accounts are as follows:
Credit:- Amount of set up provision charged to expenses.
Debit:- Use of provision for handling.
- Return of excessive amount of provision set up as required by laws.
Credit balance:- To reflect the available provision amount at the end of the period.
Detailed accounting:- To open 01 detailed account.”
9.To amend tier III accounts of account 20, account 21, account 23, account 25, account 27, excluding accounts that reflect risk provision of above mentioned accounts (accounts 209, 219, 239, 259, 279) as follows:
Account 201 has tier III accounts as follows:
2011- Current debt
2012- Overdue debt
Account 202 has tier III accounts as follows:
2021- Current debt
2022- Overdue debt
Account 203 has tier III accounts as follows:
2031- Current debt
2032- Overdue debt
Account 205 has tier III accounts as follows:
2051- Current debt
2052- Overdue debt
Account 211 has tier III accounts as follows:
2111- Current debt
2112- Overdue debt
Account 212 has tier III accounts as follows:
2121- Current debt
2122- Overdue debt
Account 213 has tier III accounts as follows:
2131- Current debt
2132- Overdue debt
Account 214 has tier III accounts as follows:
2141- Current debt
2142- Overdue debt
Account 215 has tier III accounts as follows:
2151- Current debt
2152- Overdue debt
Account 216 has tier III accounts as follows:
2161 - Current debt
2162- Overdue debt
Account 231 has tier III accounts as follows:
2311- Current debt
2312- Overdue debt
Account 232 has tier III accounts as follows:
2321- Current debt
2322- Overdue debt
Account 251 has tier III accounts as follows:
2511- Current debt
2512- Overdue debt
Account 252 has tier III accounts as follows:
2521- Current debt
2522- Overdue debt
Account 253 has tier III accounts as follows:
2531- Current debt
2532- Overdue debt
Account 254 has tier III accounts as follows:
2541- Current debt
2542- Overdue debt
Account 255 has tier III accounts as follows:
2551- Current debt
2552- Overdue debt
Account 256 has tier III accounts as follows:
2561- Current debt
2562- Overdue debt
Account 271 has tier III accounts as follows:
2711- Current debt
2712- Overdue debt
Account 272 has tier III accounts as follows:
2721- Current debt
2722- Overdue debt
Account 273 has tier III accounts as follows:
2731 - Current debt
2732- Overdue debt
Account 275 has tier III accounts as follows:
2751 - Current debt
2752- Overdue debt
Accounting details on Accounts “Current debt”:
This account is used for reflecting the amounts of loans given by the credit institution to its customers that are within the term as stated in the credit contract or within the extended term, rescheduled period for loans that are extended, reschedule by the credit institution/
Debit:- Amounts of loans to customers.
- Transfer from appropriate account.
Credit:- Amounts paid by customers.
- Transfer to appropriate account
Debit balance:- To reflect amounts of current debt, extended debt, reschedule debt of customers
Detailed accounting:- To opened detail accounts by specific borrowers.
Accounting details on Accounts “Overdue debt”:
This account is used for reflecting amounts of loans given by the credit institutions to its customers that have been overdue and not extended, rescheduled.
Debit:- Amounts of loans having overdue debt.
Credit:- Amounts paid by customers.
- Transfer to appropriate account.
Debit balance:- To reflect the amounts of loans to customers that have been overdue
Detailed accounting:- To open detailed accounts by specific customers having overdue debt.
10.To amend tier III accounts of account 219, Account 239, account 259, account 279 as follows:
Account 219 has tier III accounts as follows:
2191- Specific provision
2192- General provision
Account 239 has tier III accounts as follows:
2391 - Specific provision
2392- General provision
Account 259 has tier III accounts as follows:
2591 - Specific provision
2592- General provision
Account 279 has tier III accounts as follows:
2791 - Specific provision
2792- General provision
Details and method of accounting for these accounts are similar to those of account 209.
11.To amend account 22- Discount of commercial papers and valuable papers for domestic economic organizations, individuals as follows:
“Account 22- Discount, rediscount of negotiable instruments and valuable papers for domestic economic organizations, individuals
Account 22 has tier II, tier III accounts as follows:
Account 221- Discount of negotiable instruments and valuable papers in VND
This account is used for reflecting the amount in VND already paid to the economic organization or individual after approving to discount negotiable instruments and valuable papers of such economic organization or individual.
2211- Current debt
2212- Overdue debt
Accounting details on Accounts 2211, 2212 are similar to those of accounts 2111, 2112.
Account 222- Discount of negotiable instruments and valuable papers in foreign currency
This account is used for reflecting the amount in foreign currency already paid to the economic organization or individual after approving to discount negotiable instruments and valuable papers in foreign currency of such economic organization or individual.
2221- Current debt
2222- Overdue debt
Accounting details on Accounts 2221, 2222 are similar to those of accounts 2111, 2112.
Account 229- Risk provision
This account is used for reflecting the provisioning, handling and return of risk provision by the credit institution in accordance with laws and regulations on setting up and use of provision for handling risks of amounts advanced to economic organizations or individuals after approving to discount negotiable instruments and valuable papers.
Account 229 has tier III accounts as follows:
2291- Specific provision
2292- General provision
Details and method of accounting of account 229 are similar to those of account 209.”
12.To amend account 24- Guarantee as follows:
“Account 24- Guarantee payment
Account 241- Payments in VND on behalf of customers
This account is used for reflecting the amount in VND paid by the guaranteeing credit institution on behalf of its customer in case where the customer fails to perform his obligation upon maturity. The accounting on this account shall be performed in accordance with following regulations:
The customer shall be required to bear the interest rate on the amount paid on behalf of hem in accordance with applicable laws and regulations. For this guarantee payment, the guaranteeing credit institution shall prompt the debt collection, if the customer is unable to make payment, then the guaranteeing credit institution shall proceed with disposing collateral in accordance with laws and regulations for debt collection.
Debit:- Amount paid by the guaranteeing credit institution.
Credit:- Amount collected from the guaranteed customer.
Debit balance:- To reflect the amount paid by the guaranteeing credit institution but not collected yet.
Detailed accounting:- To open detailed accounts by specific customers guaranteed by the credit institution (enclosed with promissory note).
Account 242- Payments in foreign currency on behalf of customers
This account is used for reflecting the amount in VND paid by the guaranteeing credit institution on behalf of its customer in case where the customer fails to perform his obligation upon maturity.
Details and method of accounting of account 242 are similar to those of account 241.
Account 249- Risk provision
This account is used for reflecting the provisioning, handling and return of risk provision by the credit institution in accordance with laws and regulations on setting up and use of provision for handling risks of payments on behalf of customers in guarantee operations.
Account 249 has tier III accounts as follows:
2491- Specific provision
2492- General provision
Accounting details on Account 249 are similar to those of account 209”.
13.To amend, supplement account 27 - Other credits to domestic economic organizations, individuals as follows:
“In case of arising other credit operations in foreign currency for domestic economic organizations, individuals, CIs shall be permitted to use this account for accounting, but, in the notes to the financial statement, it is required to clearly distinguish outstanding loans in foreign currency from outstanding loans in VND on this account”.
14.To amend account 281- Debts pending for settlement secured by foreclosed assets as follows:
“Account 281- Debts pending for settlement secured by foreclosed assets
This account is used for reflecting uncollected debts pending for settlement and secured by foreclosed assets.
Account 281 has tier III accounts as follows:
2811- Debts pending for settlement that have been secured by foreclosed assets from 30 June, 1998 backward
2812- Other debts pending for settlement secured by foreclosed assets
Account 2811- Debts pending for settlement that have been secured by foreclosed assets from 30 June 1998 backward
This account is used for reflecting uncollected overdue debts pending for settlement that have been secured by foreclosed assets being transferred from overdue debt account from 30 June, 1998 backward.
Debit:- Overdue loans secured by foreclosed assets.
- To adjust the positive difference between the selling price of assets received and the debt to be paid by the borrower.
Credit:- Amount of selling the foreclosed assets received by the credit institution (by the real proceeds from the sale of foreclosed assets).
- To adjust the negative difference between the selling price of assets received and the debt to be paid by the borrower (covering risk after selling the foreclosed assets).
Debit balance:- To reflect the overdue debts secured by foreclosed assets pendingfor settlement.
Detailed accounting:- To open detailed accounts by specific customers who have debts pending for settlement and being secured by foreclosed assets.
Besides the detailed accounting books, the credit institution shall open a detailed log book for individual foreclosed assets of respective debts on account 2811.
Account 2812- Other debts pending for settlement that have been secured by foreclosed assets
This account is used for reflecting uncollected debts that have been secured by foreclosed assets for the credit institution in addition to items already accounted to account 2811.
Debit:- Amounts of loans secured by foreclosed assets.
Credit:- Amount of loan received from the sale of foreclosed assets received by the bank
- To process the negative difference between value of foreclosed assets and amount of debt to be paid by the borrower.
Debit balance:- To reflect the loans not collected yet but have foreclosed assets pending for settlement.
Detailed accounting:- To open detailed accounts by specific customer having debts pending fore settlement but being secured by foreclosed assets.
In addition to detailed accounting book, the credit institution shall open a detailed account for individual debts on account 2812”.
15.To amend details of account 283 - Unsettled debts having collaterals, account 284- Unsettled debts without collaterals and subjects for debt collection no longer existing, account 285- Unsettled debts without collaterals but obligors still in existence and in operation, as follows:
The phrase “in accordance with the Decision No. 149/2001/QD-TTg dated 05 October 2001 of the Prime Minister” shall be amended as “in accordance with Decision of the Prime Minister “
16.To amend account 289- Provision for risks of debts pending for settlement as follows:
“Account 289 - Provision for risks of debts pending for settlement
This account is used for reflecting the provisioning, handling and return of risk provision by the credit institution in accordance with laws and regulations on setting up and use of provision for handling risks of debts pending for settlement.
Account 289 has tier III accounts as follows:
2891- Specific provision
2892- General provision
Accounting details on Account 289 are similar to those of Account 209.”
17.To amend Account 299- Provision for risks of frozen debts as follows:
“Account 299 - Provision for risks of frozen debts
This account is used for reflecting the provisioning, handling and return of risk provision by the credit institution in accordance with laws and regulations on setting up and use of provision for handling risks of frozen debts.
Account 299 has tier III accounts as follows:
2991- Specific provision
2992- General provision
Accounting details on Account 299 are similar to those of Account 209.”
18.To amend Account 305 - Depreciation of fixed assets as follows:
The clause: “For fixed assets pending for the liquidation decision from the time when they cease their activities, they shall not be amortized any more” in the accounting details shall be removed.
19.To amend Account 311-Working tools in use as follows:
“Account 311-Instruments, tools
This account is used for reflecting the present value and changes of increase, decrease of instruments, devices of the credit institution.
The accounting on this account shall be as follows:
- To account the import, export, inventory of instruments, devices shall reflect the actual value.
- In addition to the detailed accounting book by the value of instruments, tools, a detailed book of the instruments, tools must be opened to record, follow up the volume and value of each type of instruments, tools.
A store card must be opened by the storekeeper to record and follow up the volume of each type of instruments, tools in line with the opening of accounting book.
- For instruments, tools issued to serve business activities: they must be recorded, followed up in objects and values on detailed books for monitoring the place of using and the person who takes material responsibility.
- For instruments, tools with low small value, upon issuing for business purpose, their value must be charged one-off to the expenses.
- For instruments, tools issued for one-off use with large value and used in various accounting period, the value of the issued instruments, tools shall be accounted into Account 388-Expenses pending for allocation and gradual allocation to expenses of various accounting periods.
Debit:- Value of instruments, tools received.
Credit:- Value of instruments, tools issued.
Debit balance:- To reflect the value of instruments, tools in stock.
Detailed accounting:- To open detailed account by each group or type of instruments, tools.”
20.To amend Account 34 - Capital contribution, share purchase as follows:
“Account 34 - Capital contribution, long term investment
This account is used for reflecting the value and changes of capital contributions, long term investments of the credit institution.
Accounting on this account shall consist of: Investments in subsidiaries, capital contributions for joint venture in jointly controlled entities, capital contributions in associates and other long term investments that are not listed yet in securities market (where the long term investments have already been listed in securities market, they shall be accounted on Account
15 - Investment securities available for sale as appropriate).
Account 34 has tier II, tier III accounts as follows:
341 - Investments in subsidiaries in VND
342 - Capital contributions for joint ventures in VND
3421 - Capital contribution for joint venture with other credit institutions
3422 - Capital contribution for joint venture with economic organizations
343 - Investments in associates in VND
344 - Other long term investments in VND
345 - Investments in subsidiaries in foreign currency
346 - Capital contributions for joint ventures in foreign currency
3461 - Capital contribution for joint venture with other credit institutions
3462 - Capital contribution for joint venture with economic organizations
347 - Investments in associates in foreign currency
348 - Other long term investments in foreign currency
349 - Provision for fall of long term investments price
Account 341 - Investments in subsidiaries in VND
Account 345 - Investments in subsidiaries in foreign currency
This Account is used for reflecting the present value and changes of capital contributions in subsidiaries. Subsidiary is an entity that is controlled by the credit institution.
Accounting on this Account shall be subject to Vietnam Accounting Standard No. 25 - Consolidated financial statements and accounting of investments in subsidiaries and following regulations:
1. These accounts may be accounted only when the credit institution holds more than 50% of the owner capital (more than 50% of voting right), has controlling power over financial policies and operation of such enterprise. When the credit institution has no longer controlling power over the enterprise, the investment in the subsidiary shall be written down on these accounts.
2. In following cases, the investment in a subsidiary shall continue to be recorded where the credit institution holds less than 50% of the owner’s capital (less than 50% of the voting right) at the subsidiary, but there are otherwise agreements:
a. Other investors agree to reserve more than 50% of the voting right to the credit institution.
b. The credit institution has controlling power over financial policies and operation of the subsidiary as agreed.
c. The credit institution has the power to appoint or dismiss a majority of members of the Board of Directors or equivalent management level.
d. The credit institution has the power to cast a majority vote at meetings of the Board of Directors or equivalent management level.
3. Investment in the subsidiary must be reflected by the original cost, including Buying price plus costs of buying (if any), such as brokerage, transaction, fees, taxes and banking charges,...
4. Accounting of economic operations arising during the business combination of the enterprise who is defined as the buyer in case of business combination resulting in parent- subsidiary relationship shall be subject to Vietnam Accounting Standard No. 11 “Business combination” and the Circular guiding such Standard.
5. A detailed account must be opened to follow up the investments in each subsidiary by face value, real buying price of stocks, real costs of investment in the subsidiary.
6. Incomes from the subsidiary must be timely and fully accounted (stock interest, business interest) of the fiscal year into the separate financial statements of the parent company. Dividends, profits distributed from the subsidiary shall be accounted to the Account 78 - Incomes from capital contribution, share purchase.
7. For the case of capital contribution, investment in subsidiaries in foreign currency, the credit institution shall convert into the booking currency at the exchange rate announced by the State Bank at the time of capital contribution. The credit institution shall not be permitted to revaluate the capital contribution, share purchase, even the of exchange rate difference for writing up (down) the contributed capital.
Debit:- Real value of the investment in the subsidiary increased.
Credit:- Real value of the investment in the subsidiary decreased.
Debit balance:- Real value of the investment in the subsidiary available.
Detailed accounting:- To open a detailed account for each subsidiary.
Account 342 - Capital contribution for joint venture in VND
Account 346 - Capital contribution for joint venture in foreign currency
This account is used for reflecting the entire capital contribution for joint venture in the form of jointly controlled entity and the recovery of contributed capital for joint venture upon the joint venture contract terminates.
The jointly controlled entity is established by capital contributors, which is newly established entity, independently operates as an enterprise but still subject to the control of the joint venture parties under the joint venture contract. The jointly controlled entity shall perform its own accounting in accordance with current laws and regulations on accounting like other enterprises.
Capital contributed in the jointly controlled entity shall include types of assets, materials, funds belonging to the ownership of the enterprise, including long term loan fund used for the capital contribution.
Accounting on this account shall be subject to Vietnam Accounting Standard No. 08 “Financial information on capital contributions for joint venture” and following regulations:
1. The investment in joint venture shall be accounted on this account as long as the credit institution has joint controlling power over financial policies and operation of the invested entity. Where the credit institution has no longer jointly controlling power, the investment in the jointly controlled entity shall be written down on these accounts.
2. Capital contribution for joint venture shall be executed in 3 forms: Jointly control business line, Jointly controlled asset and Jointly controlled entity. Accounts 342, 346 are only used for accounting capital contributions in jointly controlled entities, not applied to jointly controlled business lines and jointly controlled assets.
3. Value of capital contributed in jointly controlled entities reflected on this account shall be the value of contributed capital that is unanimously assessed and approved by the joint venture parties in the minutes of capital contribution.
4. For the case of capital contribution in materials, goods:
- If the re-valuated price of materials, goods is higher than book value at the time of capital contribution, this difference shall be treated as follows:
+ If the difference between the re-valuated price of materials, goods that are defined as contributed capital is higher than the book value, it shall be directly accounted into other incomes of the current period in proportion with the benefits of other parties in the joint venture.
+ If the difference between the re-valuated price of materials, goods that are defined as contributed capital is higher than the book value in proportion with the own benefit in the joint venture, it shall be recorded as unrealized revenues (account 488 - Revenues pending for allocation). Where the jointly controlled entity sells the materials, goods to an independent third party, such unrealized revenue shall be carried over to other incomes.
- If the re-valuated price of materials, goods is lower than the book value at the time of capital contribution, this difference shall be directly recorded into other expenses of the current period.
5. For the case of capital contribution for joint venture in fixed assets:
- If the re-valuated price of fixed asset is higher than book value at the time of capital contribution, this difference shall be treated as follows:
+ If the difference of the re-valuated price is higher than the remaining value of fixed asset in proportion with the benefits of other parties in the joint venture, it shall be directly recorded into other incomes.
+ If the difference of the re-valuated price is higher than the remaining value of fixed asset in proportion with the own benefit in the joint venture, it shall be deferred and recorded into unrealized revenues (revenues pending for allocation). Annually, this unrealized revenue (gain from revaluation of fixed asset being contributed for joint venture) shall be gradually allocated to other incomes basing on the productive time of the fixed asset that is used by the jointly controlled entity.
- If the re-valuated price of the fixed asset is lower than the remaining value on accounting book at the time of capital contribution, this difference shall be directly recorded into other expenses of the current period.
6. Upon recovering contributed capital for joint venture, basing on the value of the materials, assets and amount of money returned by the jointly controlled entity, the contributed capital amount shall be written down. If incurring any loss due to the fact that the contributed capital cannot be fully recovered, this loss shall be recorded as an expense on business operation of the credit institution. If the recovered amount is higher than the contributed capital, this gain shall be recorded as income from capital contribution, share purchase.
7. Profits from outcomes of capital contribution for joint venture in jointly controlled entity shall be the income from capital contribution, long term investment and be accounted to the Credit of Account 78 - Capital contribution, share purchase.
8. Parties who contribute capital to the jointly controlled entity shall be entitled to transfer their contributed capital within the joint venture. Where the transferred value is higher than the capital contributed to the jointly controlled entity, the interest difference due to capital transfer shall be reflected to the Credit of the account Other incomes. On the contrary, if the transferred value is lower than the contributed capital, then the difference shall be the loss from capital transfer and be reflected to the Debit of the account Other expenses.
9. The jointly controlled entity shall not be authorized to record the expenses that are incurred in relation to the transfer of contributed capital of the joint venture parties. The accountant shall only follow up the details of contributed capital sources and carry out procedures of changing ownership on the business registration certificate or investment license.
10. Joint venture parties or other counter-parties repurchasing the contributed capital from another party in the joint venture, the capital contributed in the joint venture shall be reflected at the real buying price.
11. For the case of capital contribution, investment in jointly controlled entity in foreign currency, the credit institution shall convert into the currency on accounting books at the exchange rate as announced by the State Bank at the time of capital contribution. The credit institution shall not revaluate its contributed capital for joint venture, even the of exchange rate difference for writing up (down) the contributed capital.
Debit:- Amount of capital contributed for joint venture in jointly controlled entities increased.
Credit:- Amount of capital contributed for joint venture in jointly controlled entities decreased due to recovery, transfer, or the co- controlling power having terminated.
Debit balance:- Amount of capital contributed for joint venture in jointly controlled entities available at the end of the period of the credit institution.
Detailed accounting:- To open a detailed account for each jointly controlled entity.
Account 343 - Investments in associates in VND
Account 347 - Investments in associates in foreign currency
This account is used for reflecting the value of the direct investment by the investor in an associate and increase, decrease of the investment in the associate. An investment shall be defined as investment in an associate where the investor directly holds from 20% to less than 50% of the owner’s capital (from 20% to less than 50% of the voting right) of the invested entity without any other agreement.
Accounting on this account shall be subject to Vietnam Accounting Standard No. 07 “Accounting of investments in associates” and following regulations:
1. Investments in associates shall be implemented in accordance with regulations of the State Bank on prudential ratios in operation of credit institutions.
2. Accounting of investments in associates upon preparing and presenting own financial statements of the investor shall be realized under the original cost method. In accounting the investments in associates under original cost method, the value of the investments shall not be changed during the investment period, except for the case where the investor buys extra or liquidates all or a part of the investment or receives benefits other than distributed profits.
3. Original cost of an investment shall be defined as follows:
- Original cost of the investment in an associate shall include the contributed capital or the real buying price of the investment plus costs of buying, such as brokerage, transaction, taxes, fees… (if any).
- For the case of contributing capital in associates in fixed asset, materials, goods, the original cost of the investment shall be recorded by the value that is unanimously valuated by the capital contributors. The difference between the book value and re-valuated value shall be treated as follows:
+ The positive difference between the re-valuated value and book value/remaining value of the fixed asset shall be recorded into other incomes.
+ The negative difference between the re-valuated value and book value/remaining value of the fixed asset shall be recorded into other expenses.
4. A detailed account must be opened for following up the value of the investment in each associate. Bases for booking the value of the investments in associates shall be as follows:
- For investments in joint stock companies listed in securities market, the booking by the investor shall be based on the amount really paid in purchasing shares, including costs directly relating to the stock purchase and official notice from the Securities Exchange referring to the purchase of stocks of the associate that has already been owned by the investor;
- For investments in unlisted joint stock companies, the booking shall be based on the ownership certificate to the stocks and receipt of money from sale of stocks of the invested company or documentation for purchase of such investments;
- For investments in other types of enterprises, the booking shall be based on the minutes of capital contribution, profit (or loss) distribution agreed by and between the parties or documentation for the purchase, sale of such investments;
- The investor shall only record the dividends, profits distributed from the associates when receiving an official notice from the associate as to the number of dividends to be received or the profit amount to be distributed in the current period.
5. For the case of capital contribution in associates in foreign currency, the credit institution shall convert into the currency on accounting books at the exchange rate as announced by the State Bank at the time of capital contribution. The credit institution shall not revaluate its contributed capital for joint venture, even the of exchange rate difference for writing up (down) the contributed capital.
Debit:- Original cost of the investment in associates increased.
Credit:- Original cost of the investment decreased due to receiving benefits other than distributed profits
- Original cost of the investment decreased due to selling, liquidating the entire or a part of the investment.
Debit balance:- Original cost of the investment in associates being held.
Detailed accounting:- To open a detailed account for each associate.
Account 344 - Other long term investments in VND
Account 348 - Other long term investments in foreign currency
This account is used for reflecting the present value and the increase, decrease of other long term investments (other than investments in subsidiaries, capital contribution in jointly controlled entities, investments in associates and stocks listed in securities markets), such as:
Investments in bonds, stocks or investments in other units where the credit institution only holds less than 20% of the owner’s capital (less than 20% of the voting right),… and the period of recovery or capital settlement of more than 1 year.
Accounting on this account shall be subject to following regulations:
1. Long term investments shall be implemented in accordance with regulations of the State Bank on prudential ratios in operation of credit institutions.
2. The accountant shall follow up in details under following criteria:
- For investments in stocks: to follow up in details by each face value of the stocks, each stock issuer;
- For contractual capital contributions and unlisted in the market: to follow up in details by each capital contributor.
3. Capital contributions in jointly controlled entities without having co-controlling power but holding less than 20% of the voting right in the joint ventures, such capital contributions shall also be accounted on Accounts 344, 348 (Other long term investments) at original cost.
4. For the case of long term investments in foreign currency, the credit institution shall convert into the currency on accounting books at the exchange rate as announced by the State Bank at the time of capital contribution. The credit institution shall not revaluate its contributed capital for joint venture, even the of exchange rate difference for writing up (down) the contributed capital.
Debit:- Value of other long term investments increased.
Credit:- Value of other long term investments decreased.
Debit balance:- Value of other long term investments available of the credit institution.
Detailed accounting:- To open a detailed account for each invested entity.
Account 349 - Provision for fall of long term investments price
This account is used for reflecting the present amount and increase (decrease) of provisions for the fall of long term investments price.
Accounting on this account shall be subject to following regulations:
1. The setting up of provision is implemented in accordance with laws and regulations on setting up and use of provision.
2. If the amount of provision to be set up for the current year is higher than the amount of provision being stated in the accounting books, such difference shall be recorded to expenses of the current period. If the amount of provision to be set up for the current year is lower than the provision balance set up for previous year that is not used up yet, such difference shall be written down in expenses, for the case where the balance on the account of expense is not enough to cover the return of provision, the remaining shall be returned to the account of income.
3. The provision for fall of financial investments price shall be used for covering the loss of all long term investments actually incurred due to such causes as the investor going bankrupt, natural disaster,… which lead to the investment be unrecoverable or be recoverable at an amount lower than the original costs of the investments. This provision is not used for covering losses from the liquidation of investments.
Debit:- To return the difference between the amount of provision for fall of price of long term investment securities to be set up for the current year that is smaller than the amount of provision set up in previous year but not used up yet.
- To set off the value of the long term investment that incurs loss upon decision to use the amount of provision already set up to set off the incurred loss.
Credit:- To set up provision for fall of long term investment securities price (to count the first time and calculate the increased difference of provision).
Credit balance:- Amount of provision for fall of long term investment securitiesprice available.
Detailed accounting:- To open a detailed account.”
21.To amend Account 351 - Security deposits, mortgage, pledge as follows: The phrase “bills, bonds” in the accounting details shall be removed.
22.To amend Account 359- Other receivable accounts as follows: “Account 359- Other receivable accounts
This account is used for reflecting the debts receivable and payment of receivable debts by the customers arising during the operation process.
Accounting on this account shall be subject to following regulations:
1. The credit institution shall not reflect credit facilities, receivables of which details are required to account to other appropriate accounts to this account.
2. The credit institution should manage, closely follow up the receivables by specific contents receivable and each customer to pay the debt.
For receivables that are classified as credit risk weighted assets, difficult to collect debts, the credit institution shall classify debts and set up provision against risks in accordance with laws and regulations on setting up and use of provision for risk handling.
Account 359 has tier III accounts as follows:
3591- Receivables classified as credit risk weighted assets
3592- Other receivables
3597- Specific risk provision
3598- General risk provision
3599- Provision for receivables difficult to collect
Account 3591- Receivables classified as credit risk weighted assets
This account is used for reflecting debts receivable that are classified as credit risk weighted assets and the payment of debts by customers.
Debit:- Amount receivable from the customer.
Credit:- Amount received.
Debit balance:- To reflect the remaining amount to be received from the customer.
Detailed accounting:- To open detailed account by each customer responsible for debtrepayment.
Account 3592- Other receivables
This account is used for reflecting debts receivable that are not classified as credit risk weighted assets in accordance with laws and regulations and the payment of receivable debts by the customers.
Accounting details on Account 3592 are similar to those of Account 3591.
Account 3597- Specific risk provision
This account is used for reflecting the setting up, settlement and return of risk provisions in accordance with laws and regulations on setting up and use of provisions for dealing with risks of receivables that are classified as credit risk weighted assets.
Credit:- Amount of provision that is set up and charged to expenses.
Debit:- Use of provision for risk handling.
- Return of the excessive provision amount set up as required.
Credit balance:- To reflect the amount of provisions available at the end of the period.
Detailed accounting:- To open 01 detailed account.
Account 3598- General risk provision
This account is used for reflecting the setting up, settlement and return of risk provisions in accordance with laws and regulations on setting up and use of provisions for dealing with risks of receivables that are classified as credit risk weighted assets.
Credit:- Amount of provision that is set up and charged to expenses.
Debit:- Use of provision for risk handling.
- Return of the excessive provision amount set up as required.
Credit balance:- To reflect the amount of provisions available at the end of the period.
Detailed accounting:- To open 01 detailed account.
Account 3599- Provision for debts difficult to collect
This account is used for reflecting the setting up, settlement and return of risk provisions in accordance with laws and regulations on setting up and use of provisions for dealing with risks of receivables that are not classified as credit risk weighted assets.
Credit:- Amount of provision that is set up and charged to expenses.
Debit:- Use of provision for risk handling.
- Return of the excessive provision amount set up as required.
Detailed accounting:- To open 01 detailed account.”
23.To amend Account 38- Other Assets as follows:
“Account 38- Other Assets
Account 381- Funds transferred for granting syndicated credits
This account is used for reflecting the amount of money transferred by the credit institution to the head credit institution for granting syndicated credit to a project at a level as agreed through the conclusion of syndication contract.
Account 381 has tier III accounts as follows:
3811- Funds transferred for granting syndicated credits in VND
3812- Funds transferred for granting syndicated credits in foreign currency
Debit:- Amount transferred to the head credit institution for granting credits to project.
Credit:- Amount of money granted by the head credit institution to the projects.
Debit balance:- To reflect the amounts already transferred to the head credit institution for granting credit to the projects but the head credit institution has not disbursed yet to the customer.
Detailed accounting:- To open a detailed account by each head credit institution.
Account 382- Entrustment
This account is used for reflecting the amount transferred by the entrusting credit institution to the entrusted credit institution at a level as agreed in the Entrustment contract concluded.
Account 382 has tier III accounts as follows:
3821- Credit extension entrustment in VND
3822- Credit extension entrustment in foreign currency
3823- Other entrustments in VND
3824- Other entrustments in foreign currency
Account 3821- Credit extension entrustment in VND
This account is used for reflecting the amount in VND transferred by the entrusting credit institution to the entrusted credit institution for granting credit to customers at a level as agreed in the Entrustment contract concluded.
Debit:- Amount transferred to the entrusted institution.
Credit:- Amount paid by the entrusted institution under the contract.
Debit balance:- To reflect the amount transferred to the entrusted institution but credit has not been granted yet.
Detailed accounting:- To open a detailed account by each entrusted institution, each type of credit extension entrustment.
Account 3822- Credit extension entrustment in foreign currency
This account is used for reflecting the amount in foreign currency transferred by the entrusting credit institution to the entrusted credit institution for granting credit to customers at a level as agreed in the Entrustment contract concluded.
Accounting details on Account 3822 are similar to those of Account 3821.
Account 3823- Other entrustments in VND
This account is used for reflecting the amount in VND transferred by the entrusting credit institution to the entrusted credit institution for granting credit to customers at a level as agreed in the Entrustment contract concluded, excluding the items as reflected in Account 3821-Credit extension entrustment in VND.
Accounting details on Account 3823 are similar to those of Account 3821.
Account 3824- Other entrustments in foreign currency
This account is used for reflecting the amount in foreign currency transferred by the entrusting credit institution to the entrusted credit institution for granting credit to customers at a level as agreed in the Entrustment contract concluded, excluding the items as reflected in Account 3821-Credit extension entrustment in foreign currency.
Accounting details on Account 3824 are similar to those of Account 3821.
Account 383- Investments in finance leasing facilities
This account is used for reflecting the amount already paid by the finance leasing Company for procuring finance lease assets before the time of finance leasing.
Account 383 has tier III accounts as follows:
3831- Investments in finance leasing facilities in VND
3832- Investments in finance leasing facilities in foreign currency
Account 3831- Investments in finance leasing facilities in VND
This account is used for reflecting the amount in VND already paid by the finance leasing Company for procuring finance lease assets before the time of finance leasing.
Debit:- Amount paid for procurement of finance lease assets.
Credit:- Value of assets being used for finance lease.
Debit balance:- To reflect the amount already paid for procurement of finance lease assets that have not been used for finance lease.
Detailed accounting:- To open a detailed account by each finance lease customer.
Account 3832- Investments in finance leasing facilities in foreign currency
This account is used for reflecting the amount in foreign already paid by the finance leasing Company for procuring finance lease assets before the time of finance leasing. Accounting details on Account 3832 are similar to those of Account 3831.
Account 386- Risk provision
This account is used for reflecting the setting up, settlement and return of risk provisions in accordance with laws and regulations applicable to Other Assets.
Account 386 has tier III accounts as follows:
3861- Specific risk provision
3862- General risk provision
3863- Other risk provisions
Account 3861- Specific risk provision
This account is used for reflecting the setting up, settlement and return of risk provisions in accordance with laws and regulations on setting up and use of provision for handling risks of Other Assets that are classified as credit risk weighted assets.
Accounting details of this account are similar to those of Account 3597.
Account 3862- General risk provision
This account is used for reflecting the setting up, settlement and return of risk provisions in accordance with laws and regulations on setting up and use of provision for handling risks of Other Assets that are classified as credit risk weighted assets.
Accounting details of this account are similar to those of Account 3598.
Account 3863- Other risk provisions
This account is used for reflecting the setting up, settlement and return of risk provisions in accordance with laws and regulations on setting up and use of provision for handling risks of Other Assets that are not classified as credit risk weighted assets.
Credit:- Amount of provision that is set up and charged to expenses.
Debit:- Use of provision for risk handling.
- Return of the excessive provision amount set up as required.
Credit balance:- To reflect the amount of provisions available at the end of the period.
Detailed accounting:- To open detailed accounts by each type of Other Assets to be set up provision.
Account 387- Foreclosed assets whose ownership has been transferred to the credit institution, pending for settlement
This account is used for reflecting the value of foreclosed assets of which ownership has been transferred to the credit institution, pending for settlement. The credit institution is required to have sufficient regulatory documents on the legal ownership to such assets.
Debit:- Value of foreclosed assets of which ownership has been transferred to the credit institution, pending for settlement.
Credit:- Value of foreclosed assets that have been settled.
Debit balance:- To reflect the value of foreclosed assets of which ownership has been transferred to the credit institution, pending for settlement.
Detailed accounting:- To open detailed accounts by each type of foreclosed assets of which ownership has been transferred to the credit institution.
Account 388- Expenses pending for allocation
This account is used for reflecting the expenses that have really been incurred but are related to business result of various accounting periods and the carrying over of allocation of these expenses to expenses of appropriate accounting periods in conformity with accounting standards.
Debit:- Expenses pending for allocation (prepaid expenses) being incurred in the period.
Credit:- Prepaid expenses allocated to expenses of the current period.
Debit balance:- To reflect the prepaid expenses pending for allocation.
Detailed accounting:- To open detailed accounts by each item of prepaid expense pending for allocation.
Account 389- Other Assets
This account is used for reflecting other assets of the credit institution other than the assets that have been accounted into appropriate accounts.
Debit:- Value of other assets of the credit institution increased in the period.
Credit:- Value of other assets of the credit institution decreased in the period.
Debit balance:- Value of other assets at the end of the period.
Detailed accounting:- To open detailed accounts for each type of other assets.”
24.To rename the Account 39 - “Receivable interests” as “Interests and fees receivable”.
25.To amend the phrase “commercial papers” as “negotiable instruments” in the name and Accounting details on Account 419- Borrowings through discount, rediscount of negotiable instruments and other valuable papers.
26.To amend, supplement the Accounting details on Account 431 - Face value of valuable papers denominated in VND and Account 434 - Face value of valuable papers denominated in foreign currency and gold as follows:
“Debit:- Payment of valuable papers at maturity.
- Buying back valuable papers issued by the very credit institution”.
27.To amend the Account 44 - Funds financed, entrusted for investment, lending:
“Account 44 - Funds financed, entrusted for investment, lending
Account 441 - Funds financed, entrusted for investment, lending in VND
This account is used for reflecting the amounts of funds financed, entrusted for investment, lending in VND by the Government, domestic and foreign organizations, individuals to the credit institution for designated purposes, the credit institution shall be responsible for returning such funds at maturity.
Account 441 has tier III accounts as follows:
4411- Funds received from the foreign organizations, individuals
4412- Funds received from the Government
4413- Funds received from the domestic organizations, individuals
Credit:- Funds assigned by the counter-parties to the credit institution.
Debit:- Funds returned to the assigning counter-parties.
Credit balance:- To reflect the funds financed, entrusted by the counter-parties being used by the credit institution.
Detailed accounting:- To open detailed accounts by each type of fund of each assigning counterparty.
Account 442 - Funds financed, entrusted for investment, lending in foreign currency
This account is used for reflecting the amounts of funds financed, entrusted for investment, lending in foreign currency by the Government, domestic and foreign organizations, individuals to the credit institution for designated purposes, the credit institution shall be responsible for returning such funds at maturity.
Account 442 has tier III accounts as follows:
4421- Funds received from the foreign organizations, individuals
4422- Funds received from the Government
4423- Funds received from the domestic organizations, individuals
The Accounting details on Account 442 are similar to those of Account 441.”
28.To amend, supplement the Accounting details on Account 4711 - Purchase, sale of foreign currency for trading purpose:
“Credit:- Value of foreign currency purchased.
Debit:- Value of foreign currency sold.
Credit balance:- To reflect the value of foreign currency purchased by the credit institution but not sold yet.
Debit balance:- To reflect the value of foreign currency from other sources sold but not purchased yet for set-off purpose
Detailed accounting:- To open 01 detailed account “
29.To amend, supplement the Accounting details on Account 4712 - Payment for purchase, sale of foreign currency for trading purpose:
“Debit:- Amount in VND paid for buying foreign currency (at the real buying rate).
- Carrying over the gain difference of foreign currency trading (counterpart of Account 72 - Incomes from foreign exchange trading).
- Amount of increasing Debit balance to be equal to the balance of Account 4711 upon revaluating the balance of traded foreign currency at the exchange rate available on the final day of the month (counterpart of Account 631 - Difference of exchange rate).
Credit:- Amount in VND received from the sale of foreign currency (at the real selling rate).
- Carrying over the loss difference of foreign currency trading (counterpart of Account 82 - Expenses on foreign exchange trading).
- Amount of decreasing Debit balance to be equal to the balance of Account 4711 upon revaluating the balance of traded foreign currency at the exchange rate available on the final day of the month (counterpart of Account 631 - Difference of exchange rate).
Debit balance:- To reflect the amount in VND paid in correspondence with the foreign currency balance purchased by the credit institution but not sold yet.
Credit balance:- To reflect the amount in VND received in correspondence with the amount of foreign currency sold from other sources but not purchased for set-off purpose.
Detailed accounting:- To open 01 detailed account “
30.To rename the Account 49 - “Interests payable” as “Interests and fees payable”.
31.To amend the Accounting details on Account 509 - Other payments among the credit institutions as follows:
“This account is used for reflecting the payments in VND or in foreign currency (other than the payments already accounted into appropriate accounts) among the credit institutions”.
32.To amend, supplement the Accounting details on Account 63- Difference of exchange rate, gold, silver, precious stones as follows:
“This account is used for reflecting the difference of exchange rate, gold, silver, precious stones. The credit institution shall not be authorized to distribute profits or pay dividends on the gain from the difference of exchange rate re-valuated at the end of the fiscal year of items originated from foreign currency as well as currency derivatives originated from foreign currency”.
33.To amend the Account 633 - Difference due to revaluation of derivatives as follows:
“Account 633 - Difference due to revaluation of derivatives
This account is used for reflecting the differences due to revaluation of derivatives of the credit institution in accordance with applicable laws and regulations.
This account has tier III accounts as follows:
6331- Swap transactions
6332- Currency forward transactions
6333- Currency future transactions
6334- Currency option transactions
6338 - Other derivatives
Credit:- Difference increased due to revaluation of balances of derivative accounts.
Debit:- Difference decreased due to revaluation of balances of derivative accounts.
Credit balance or Debit balance:- To reflect the Credit difference or Debit difference arising in the year but not settled yet.
Detailed accounting:- To open detailed accounts by types of derivatives.
At the end of the year, balance of this account shall be finally settled. If the account has Credit balance, such Credit balance shall be recorded to incomes account; If the account has Debit balance, such Debit balance shall be recorded to expenses account.”
34.To amend Account 69 - Undistributed profits as follows:
“Account 69 - Undistributed profits
This account is used for reflecting the business result (profit, loss) after Corporate income tax and the distribution of business results of the credit institution.
Accounting on this account shall be subject to following regulations:
1. Business results are reflected on Account 69 - After Corporate income tax profit or loss of business activities
2. The distribution of business results of the credit institution must be clear, obvious and compliant with current financial regulations.
3. It is required to account in details the business result of each accounting period (previous year, current year), and to follow up in details by each item of profit distribution of the credit institution (setting up funds, supplementing operating capital, distributing dividends,…).
4. Upon applying retroactively due to changes in accounting policies and adjusting retroactively material mistakes of the previous years that are not detected until the current year, resulting in the adjustment of opening balance of the undistributed profit, the accountant shall adjust to increase or decrease the opening balance of Account 692 - Booking profit of previous year and to increase or decrease the norm of Undistributed profit on the Balance sheet in accordance with Vietnam Accounting Standard No. 29 “Changes in accounting policies, accounting estimates and mistakes” and Vietnam Accounting Standard No. 17 “Corporate income tax”.
Credit:- Closing balance carried over from income accounts.
Debit:- Closing balance carried over from expense accounts.
- Setting up of funds.
- Distribution of profits to joint venture parties, shareholders.
Credit balance:- To reflect the profits not distributed yet or not used yet.
Debit balance:- To reflect the operating losses that have not been settled yet.
Detailed accounting:- To open 01 detailed account.
Account 69 has tier 2 accounts as follows:
Account 691 - Profits of the current year:This account is used for reflecting the business results, distribution of results and undistributed profits of the current year of the credit institution.
At the beginning of next year, the closing balance of Account 691 shall be carried over as closing balance of the new year of Account 692 - Profits of previous year (preparation of note is not required).
Account 692 - Profits of previous year: This account is used for reflecting the business results and undistributed profits of the previous year of the credit institution”.
35.To amend, supplement the accounting details of Category 7 account - Incomes as follows:
a. - To amend Item 1 as: “This type of account shall reflect the entire incomes of the credit institution. At the end of 31 December, balances of these accounts shall be entirely carried over to the account “income of current year” and be zero”.
b. To amend Item 4 as: “In case of liquidation, assignment of fixed assets, the value being used for the accounting on this account shall be the entire amount of money received from the liquidation, assignment of fixed assets. Any expense incurred relating to the liquidation, assignment shall be charged to the category 8 - Expenses”.
36.To rename the Account 709 - “Other interest incomes” as “Other incomes from credit activities”.
37.To amend the Account 78 - Income from interests of capital contribution, share purchase as follows:
a. To rename the Account 78 - “Income from interests of capital contribution, share purchase” as “Income from the capital contribution, share purchase”;
b. To amend, supplement the accounting details on this account as follows: “This account is used for reflecting the incomes from the capital contribution, purchase of shares of other CIs and economic organizations”.
38.To amend, supplement the accounting details of Category 8 account - Expenses as follows:
a. To amend Item 1 as: “This type of account shall reflect the entire expenses of the credit institution. At the end of 31 December, balance of these accounts shall be entirely carried over to the account “income of the current year” and be zero”;
b. To amend Item 2 as: “In case of liquidation, assignment of fixed assets, the value to be charged on this account shall be the entire expenses relating to the liquidation, assignment of fixed assets. All receipts from the liquidation, assignment shall be charged to the Category 7 account - Incomes”.
39.To amend the Account 809 - Other expenses:
“Account 809- Other expenses on credit activities:include expenses on credit activities other than payment of interests mentioned above”
40.To amend, supplement the accounting details 842 - Expenses relating to the finance lease operations as follows:
“This account is used for the accounting of expenses relating to the finance leasing activity of the Credit Institution such as: Expenses incurred relating to the conclusion of contract… (if any)”.
41.To amend the Account 869- Other expenses on management as follows:
To remove the phrase “Expense on healthcare at work place (medicines for prevention and treatment of disease…) “ in the accounting details.
42.To amend the Account 8821 - Provision for the fall of gold, foreign currency price as follows:
To remove the phrase “foreign currency” in the name of the account 8821 - “Provision for the fall of gold, foreign currency price” and in the accounting details of this account.
43.To amend the Account 89- Other expenses as follows:
“Account 89- Other expenses
This account is used for reflecting other expenses in accordance with regulations on financial regime of the credit institution.
This Account has tier III accounts as follows:
Account 891- Expense on social activities:include financing to healthcare, education, financing to the recovery of natural disaster, financing to building houses of gratitude for the poor and other expenses on social activities in accordance with laws and regulations.
Account 899- Other expenses under the financial regime:include expenses in accordance with regulations on financial regime of the credit institution other than the items that have been accounted into appropriate accounts.
44.To amend the accounting details of Category 9 accounts- Off-balance sheet accounts as follows:
To amend the phrase “Receipt” as “Debit”, “Delivery” as “Credit”, “Remaining amount” as “Debit balance” in the accounting details.
45.To amend the Account 9019- Money suspected as counterfeit, counterfeit money, damaged money pending for settlement as follows:
“Account 9019 - Money suspected as counterfeit, counterfeit money, damaged money pending for settlement
This account is used for accounting the money that is suspected as counterfeit, counterfeit money, damaged money pending for settlement and is being preserved at credit institutions.
Debit:- Amount of money suspected as counterfeit, counterfeit money, damaged money being stored pending for settlement.
Credit:- Amount of money suspected as counterfeit, counterfeit money, damaged money that has been settled.
Debit balance:- To reflect the amount of money suspected as counterfeit, counterfeit money, damaged money pending for settlement, being preserved in the store of the credit institution.
Detailed accounting:- To open detailed accounts by each type of money suspected as counterfeit, counterfeit money, damaged money and person responsible for preservation.”
46.To amend, supplement the Accounting details on Account 9114- Foreign currency not eligible for circulation, pending for settlement:
“This account is used for accounting foreign currencies suspected as counterfeit, counterfeit foreign currency, damaged foreign currency (cut out, corrected, torn) pending for settlement.”
47.To rename account 93 - “Guarantee commitments received” as “Commitments received”.
48.To amend the Account 94- Overdue lending interests that are not yet collected yet as follows:
a. To rename the Account 94 - “Overdue lending interest not collected yet” as “Lending interests and receivable fees that have not been collected yet “;
b. To remove the phrase “overdue” and phrase “already overdue” in the name and Accounting details on Accounts 941, 942, 943.
49.To amend Account 98 - Entrustment and agent operations as follows:
“Account 98- Entrustment and agent operations
Account 981- Debt trading operations
This account is used for reflecting the value of the principal and interest debts under the loan contract of the debts purchased, sold/
Account 981 has tier III accounts as follows:
9811- Principal debts purchased
9812- Interest of debts purchased
9813- Principal debts sold
9814- Interests of the sold debts
Account 9811- Principal of debts bought
This account is opened at the debt buyer to reflect the value of principal debts under the loan contract of the debts bought
Debit:- Principal debt collected from the debtor under credit contract of the debt bought.
Credit:- Amount of principal collected.
Debit balance:- To reflect the principal amount to be collected under loan contract of the debt bought but not collected yet.
Detailed accounting:- To open detailed accounts by each debtor
Account 9812- Interest of debts bought
This account is opened at the debt buyer and used for reflecting the interest amount collected under credit contract of the debts bought but not eligible for being accounted to Account 395- Interests receivable from debt purchase operations in the balance sheet.
Debit:- Interest amount on the principal debs to be collected from the debtor of the debt bought.
Credit:- Amount collected from the debtor.
- Transfer to the appropriate account upon processing under the financial regime.
Debit balance:- To reflect the interest amount on the principal debt of the debt bought but not collected yet.
Detailed accounting:- To open detailed accounts by each debtor
Account 9813- Principal of debts sold
This account is opened at the debt seller and is used for reflecting the principal amount of the sold debt to which obligation remains in force but not followed up on the balance sheet in accordance with laws and regulations..
Debit:- Principal amount of the sold debt increased.
Credit:- Principal amount of the sold debt decreased.
Debit balance:- To reflect the principal amount of the debt sold.
Detailed accounting:- To open detailed accounts by each debtor and each debt.
Account 9814- Interest of debts sold
This account is opened at the debt seller and used for reflecting the interest amount of the sold debt to which obligation remains in force but not followed up on the balance sheet in accordance with laws and regulations.
Debit:- Interest amount of the sold debt increased.
Credit:- Interest amount of the sold debt decreased.
Debit balance:- To reflect the interest amount of the debt sold.
Detailed accounting:
- To open detailed accounts by each debtor and each debt.
Account 982- Lending under syndication contracts
This account is opened at the head credit institution, used for reflecting the situation of credit extension, collection of debts from the customers by the contributed amount of the member credit institution in lending under syndication contracts.
Account 982- Lending under syndication contracts has tier III accounts as follows:
9821- Current debt
9822- Overdue debt
Account 9821- Current debt
This account is opened at the head credit institution, used for reflecting the situation of credit extension, collection of debts from the customer by the contributed amount of the member credit institution in lending under syndication contracts for loans remaining in the due term under credit contract or remaining in the rescheduled period for the loans that are extended, rescheduled by the credit institution.
Debit:- Amount of loan remaining in due term under syndication contract.
- Transferred from the appropriate account.
Credit:- Amount of loan repaid by the customer.
- Transferred to the appropriate account.
Debit balance:- To reflect the amount of the loan remaining in due term.
Detailed accounting:- To open detailed accounts by each member credit institution and each borrower.
Account 9822- Overdue debt
This account is opened at the head credit institution, used for reflecting the situation of credit extension, collection of debts from the customer by the contributed amount of the member credit institution in lending under syndication contracts for loans that are overdue and not rescheduled.
This account is used for accounting the amount of loan given by the credit institution to the borrower that is overdue and not extended, rescheduled.
Debit:- Amount of loan overdue under the syndication contract.
Credit:- Amount repaid by the customer.
- Transferred to appropriate account.
Debit balance:- To reflect the amount of loan overdue.
Detailed accounting:- To open detailed accounts by each member credit institution and each borrower.
Account 983- Credit under entrustment contract
This account is opened at the credit institution entrusted for credit extension to reflect the situation of granting credit to customers from the entrusted funds (the entrusted party does not bear the risks upon fulfilling its obligations as prescribed in the entrustment contract).
Account 983- Credit under entrustment contract has tier III accounts as follows:
9831- Current debt
9832- Overdue debt
Account 9831- Current debt
This account is opened at the credit institution entrusted for credit extension to reflect the situation of granting credit to customers from the entrusted funds (the entrusted party does not bear the risks upon fulfilling its obligations as prescribed in the entrustment contract) for current debts.
Debit:- Amount of credit facilities remaining in due term.
- Transferred from the appropriate account.
Credit:- Amount of loan repaid by the customer.
- Transferred to the appropriate account.
Debit balance:- To reflect the amount of the credit remaining in due term.
Detailed accounting:- To open detailed accounts by each customer.
Account 9832- Overdue debt
This account is opened at the credit institution entrusted for credit extension to reflect the situation of granting credit to customers from the entrusted funds (the entrusted party does not bear the risks upon fulfilling its obligations as prescribed in the entrustment contract) for overdue debts.
Debit:- Amount of credit facilities overdue.
Credit:- Amount of loan repaid by the customer.
- Transferred to appropriate account.
Debit balance:- To reflect the amount of the credit overdue
Detailed accounting:- To open detailed accounts by each customer.
Account 984- Other entrustment and agent operations
This account is opened at the entrusted credit institution, agent credit institution, and is used for reflecting the performance of other entrustment and agent operations.
Debit:- Amount received as entrustment, agent increased.
Credit:- Amount received as entrustment, agent decreased.
Debit balance:- To reflect the amount being used for entrustment, agent.
Detailed accounting:- To open detailed accounts by each subject of entrustment, agent leasing.
Account 989- Deposited securities
This account is used for accounting the value of securities of the credit institution and the investor who entrusts the credit institution, which are being deposited at the depository.
Debit:- Value of securities of the credit institution and the investor entrusted, deposited at the depository.
Credit:- Value of securities entrusted, deposited by the credit institution and the investor taken
- Value of securities of the credit institution and the investor paid at maturity.
Debit balance:- To reflect the value of securities being deposited by the credit institution and the investor at the depository.
Detailed accounting:- To open detailed accounts by each type of deposited securities
In addition to detailed accounting book, a detailed Log book shall also be opened by each depository and by each investor who entrusts the credit institution for this service (for the securities deposit account of the investor).”
50.To amend the term “Pawned” as “Pledged” in the name and Accounting details on Account 994 - Assets mortgaged, pawned by customers.
Article 3.To supplement some accounts to the Accounts System of credit institution issued in conjunction with the Decision No. 479/2004/QD-NHNN as follows:
1. To supplement with Account 1014 - Cash in ATMs
This account is used for following up the amount in VND at ATMs of the credit institution.
Debit:- Cash amounts funded to ATMs.
- Amounts directly collected from ATMs
Credit:- Amounts encashed from ATMs to the cash fund at the unit.
- Payments in cash at ATMs.
Debit balance:- Outstanding amount of cash at ATMs.
Detailed accounting:- To open detailed accounts for each ATM.
2. To supplement with Account 134 - VND Deposits abroad
This account is used for accounting amounts in VND deposited by the credit institution at abroad credit institutions.
Account 134 has tier III accounts as follows:
1341 - Demand deposits
1342 - Term deposits
1343 - Deposits for special purpose
Debit:- Amounts deposited at other credit institutions abroad.
Credit:- Amounts withdrawn.
Debit balance:- To reflect the amounts being deposited by the credit institution at other credit institutions abroad.
Detailed accounting:- To open detailed accounts by each credit institution abroad that receives deposit.
3. To supplement with Account 135 - Gold deposited at domestic credit institutions
This account is used for reflecting the value of currency gold deposited by the credit institution at other domestic ones.
This account has tier III accounts as follows:
1351 - Demand gold deposits
1352 - Term gold deposits
Debit:- Value of currency gold deposited at other domestic credit institutions.
Credit:- Value of currency gold withdrawn.
Debit balance:- To reflect the value of currency gold being deposited by the credit institution at domestic credit institutions.
Detailed accounting:- To open detailed accounts by each domestic credit institution that receives deposit.
4. To supplement with Account 136 - Gold deposited at abroad credit institutions
This account is used for reflecting the value of currency gold deposited by the credit institution at abroad credit institutions.
This account has tier III accounts as follows:
1361 - Demand gold deposits
1362 - Term gold deposits
Debit:- Value of currency gold deposited at abroad credit institutions.
Credit:- Value of currency gold withdrawn.
Debit balance:- To reflect the value of currency gold being deposited by the credit institution at abroad credit institutions.
Detailed accounting:- To open detailed accounts by each abroad credit institution that receives deposit.
5. To supplement with Account 139- Risk provision
This account is used for reflecting the provisioning, handling and return of risk provision by the credit institution in accordance with laws and regulations on setting up and use of provision for handling risks of deposits at credit institutions, foreign bank branches that are established, operate in accordance with the Law on credit institutions and deposits at abroad credit institutions.
Accounting details of this Account are as follows:
Credit:- Amount of set up provision charged to expenses.
Debit:- Use of provision for handling.
- Return of excessive amount of provision set up as required by laws.
Credit balance:- To reflect the available provision amount at the end of the period.
Detailed accounting:- To open 01 detailed account.
6. To supplement with Account 16 - Investment securities held to maturity
Account 16 - Investment securities held to maturity
This account is used for reflecting the present value and changes of debit securities issued by the Government, municipal authorities or domestic, foreign organizations that are being invested by the credit institution. Debit securities accounted on this account are those held for investment purpose until their date of maturity (date of payment).
Accounting on this account shall be subject to following regulations:
1. Only Debit securities are accounted on this account (Equity securities are not accounted on this account).
2. The credit institution shall open detailed accounts for reflecting the face value, discounted value and additional value of the investment securities. Of which: (i) Original price of securities (actual purchasing price of securities), including: purchasing price plus (+) directly related costs, such as costs of brokerage, transaction, information supply, taxes, charges and banking fees (if any); (ii) discount value is the negative difference value between the original price and the total value of money amounts including face value and interests accrued before the purchase (if any); (iii) additional value is the positive difference value between the original price and the total value of money amounts including face value and interests accrued before the purchase (if any). In the financial statement, the item of securities hereof shall be stated under the net value (Face value - Discount + Additional).
3. If it is supported by the informatics technology condition, the interest shall be recorded on the time and actual interest rate basis (actual interest rate is the rate which is used for the conversion of money amounts received in the future for all the time when another party uses the assets into the value which is initially recorded at the time where the assets are assigned to the using party). In case where the interest cannot be calculated on the basis of actual interest rate, the additional value or discount value thereof shall be equally allocated to the securities holding time of the credit institution.
4. If the interest is collected from the investment debt securities, including the interest accrued before the credit institution repurchases that investment, it must allocate this interest amount. Thereby, only the interest amount of the periods after the time when the credit institution purchased this investment shall be recorded as income, the accrued interest before the time when the credit institution repurchased that investment shall be recorded to decrease the value of the very investment.
5. The setting up of provisions for the price fall of the investment securities which are held until the date of maturity shall only be performed where there is any evidence of price fall of securities in long term or any evidence that it is difficult for the bank to recover the full investment. Any change of price in short term shall not be set up provisions for the fall of securities’ price.
This account has tier II accounts as follows:
Account 161- Government, Municipal securities
Account 162- Securities issued by other domestic credit institutions
Account 163- Securities issued by domestic economic organizations
Account 164- Foreign securities
Details and method of accounting on these accounts are similar to those of debit securities accounts of Account 15 - Investment securities available for sale respectively (accounts 151, 152, 153, 154).
Account 169- Provisions for risks of securities
This account is used for reflecting the provisioning, handling and return of risk provision by the credit institution in accordance with laws and regulations on setting up and use of provision for handling risks of securities held to maturity of the credit institution.
Accounting on this account shall be subject to following regulations: Conditions for setting up provision for risks of securities:
- Securities are invested, traded in compliance with applicable laws and regulations.
- For trading securities that are classified as credit risk weighted Assets, the credit institution shall be responsible for classifying and setting up risk provision in accordance with laws and regulations on setting up and use of provision for handling risks.
- For trading securities that are not classified as credit risk weighted Asset, the credit institution shall be responsible for setting up provision for price fall as required by laws on provision for the fall of financial investments price.
Account 169 has tier III accounts as follows:
1691- Specific provision
1692- General provision
1699- Provision for price fall
Accounting details on Account 169 are similar to those of Account 149.
7. To supplement with Account 26 - Credits to foreign organizations, individuals
Account 26 - Credits to foreign organizations, individuals
This account is used for accounting amounts (in VND or foreign currency) lent by the credit institution to foreign organizations, individuals.
This Account has Tier II accounts as follows:
261 - Short term loans in VND
262 - Medium term loans in VND
263 - Long term loans in VND
264 - Short term loans in foreign currency and gold
265 - Medium term loans in foreign currency and gold
266 - Long term loans in foreign currency and gold
267 - Other credits in VND
268 - Other credits in foreign currency and gold
269 - Risk provision
261 - Short term loans in VND
This account is used for reflecting short term loans in VND granted to foreign organizations, individuals.
This account has tier III accounts as follows:
2611 - Current debt
2612 - Overdue debt
Accounting details on Accounts 2611, 2612 are similar to those of accounts 2111, 2112.
262 - Medium term loans in VND
This account is used for reflecting medium term loans in VND granted to foreign organizations, individuals.
This account has tier III accounts as follows:
2621 - Current debt
2622 - Overdue debt
Accounting details on Accounts 2621, 2622 are similar to those of accounts 2111, 2112.
263 - Long term loans in VND
This account is used for reflecting long term loans in VND granted to foreign organizations, individuals.
This account has tier III accounts as follows:
2631 - Current debt
2632 - Overdue debt
Accounting details on Accounts 2631, 2632 are similar to those of accounts 2111, 2112.
264 - Short term loans in foreign currency and gold
This account is used for reflecting short term loans in foreign currency and gold granted to foreign organizations, individuals.
This account has tier III accounts as follows:
2641 - Current debt
2642 - Overdue debt
Accounting details on Accounts 2641, 2642 are similar to those of accounts 2111, 2112.
265 - Medium term loans in foreign currency and gold
This account is used for reflecting medium term loans in foreign currency and gold granted to foreign organizations, individuals.
This account has tier III accounts as follows:
2651 - Current debt
2652 - Overdue debt
Accounting details on Accounts 2651, 2652 are similar to those of accounts 2111, 2112.
266- Long term loans in foreign currency and gold
This account is used for reflecting medium term loans in foreign currency and gold granted to foreign organizations, individuals.
This account has tier III accounts as follows:
2661 - Current debt
2662 - Overdue debt
Accounting details on Accounts 2661, 2662 are similar to those of accounts 2111, 2112.
267 - Other credits in VND
This account is used for reflecting other credit operations in VND to foreign organizations, individuals such as pledge, discount of negotiable instruments, valuable papers, payments from guarantee transactions, finance leasing,…
This account has tier III accounts as follows:
2671 - Current debt
2672 - Overdue debt
Accounting details on Accounts 2671, 2672 are similar to those of accounts 2111, 2112.
268 - Other credits in foreign currency and gold
This account is used for reflecting other credit operations in foreign currency and gold to foreign organizations, individuals such as pledge, discount of negotiable instruments, valuable papers, payments from guarantee transactions, finance leasing,…
This account has tier III accounts as follows:
2681 - Current debt
2682 - Overdue debt
Accounting details on Accounts 2681, 2682 are similar to those of accounts 2111, 2112.
269 - Risk provision
This account is used for reflecting the provisioning, handling and return of risk provision in accordance with laws and regulations on setting up and use of provision for handling risks of credits to foreign organizations, individuals.
This account has tier III accounts as follows:
2691 - Specific provision
2692 - General provision
Details and method of accounting of Account 269 are similar to those of Account 209.
8. To supplement with Account 304 - Investment real estates
Account 304 - Investment real estates
This account is used for reflecting the present number and changes in investment real estates at original cost of the investment real estates.
This account is only opened and used at credit institution’s subsidiaries which have real estates trading in their business lines (accounts system of credit institutions are applied for accounting).
Accounting on this account shall be subject to Vietnam Accounting Standard No. 05 “Investment real estates”.
Debit:- Original costs of investment real estates increased in the period.
Credit:- Original costs of investment real estates decreased in the period.
Debit balance:- Original costs of investment real estates of the credit institution at the end of the period.
Detailed accounting:- To open detailed accounts for each type of investment real estates.
9. To supplement with Account 3054 - Depreciation of investment real estates
Account 3054 - Depreciation of investment real estates
This account is used for reflecting the depreciated value of investment real estates being held.
This account is only opened and used at credit institution’s subsidiaries which have real estates trading in their business lines (accounts system of credit institutions are applied for accounting).
Debit:- Depreciated value of investment real estates decreased in the period.
Credit:- Depreciated value of investment real estates increased in the period due to depreciation, due to conversion of accumulated depreciated amount of real estates used by the owner for forming the investment real estates.
Debit balance:- Depreciated value of investment real estates available of the credit institution.
Detailed accounting:
- To open 01 detailed account.
10. To supplement with Account 3535 - Deferred income tax assets
Account 3535 - Deferred income tax assets
This account is used for reflecting the present value and changes in the deferred income tax assets.
Deferred income tax assets shall be calculated under the following formula:
Deferred income tax assets | = |
| Temporarily deducted differences | + | Deducted value carried over to the following year of taxable losses and tax preferences that have not yet been used |
| x | Current corporate income tax rate (%) |
The accounting on this account Needs to be implemented in accordance with Vietnam Accounting Standard No.17 - “Corporate income tax” and following regulations:
1. The credit institution shall only be permitted to acknowledge the deferred income tax assets for temporarily deducted differences, the deducted value of the taxable losses and tax preference that have not yet been used in previous years and carried over to the current year in the event where the credit institution definitely estimates to gain the income taxable profit in the future in order to use the temporarily deducted differences, unused taxable losses and tax preference.
2. At the end of the fiscal year, the credit institution shall draw up “Table for determining temporary differences to be deducted”, “Table for following up temporarily deducted differences that have not yet been used” (as guided by the Ministry of Finance), the deducted value carried over to the following year of unused taxable losses and tax preferences shall be used as foundation to draw up the “Table for determining deferred income tax assets” for the determination of the deferred income tax assets which are recorded or returned in the year.
3. The acknowledgment of deferred income tax assets in a year shall be implemented under the principle of clearing between the deferred income tax assets arising in the current year and the income tax assets which have been recorded since the previous years, but returned in the current year under the following principles:
- If the deferred income tax assets arising in the year is bigger than the deferred income tax assets which are returned in the year, the difference thereof shall be recorded as deferred income tax assets and deferred income tax expense shall be stated as a decrease.
- If the deferred income tax assets arising in the year is smaller than the deferred income tax assets which are returned in the year, the difference thereof shall be stated as a decrease in deferred income tax assets and an increase in deferred income tax expense.
4. Accountants shall return the deferred income tax assets where the temporarily deducted differences have not affected the income taxable profit (where the assets are recovered or payable debt is partially or entirely paid).
5. Upon ending the fiscal year, the credit institution must evaluate deferred income tax assets which have not yet been recorded from the previous years when they surely estimates to gain income taxable profit in the future to make additional record to the current year.
6. Some main cases arising from the deferred income tax assets:
- Deferred income tax assets arising from temporarily deducted differences, due to the fixed assets amortization under the accounting purpose is performed faster than the fixed asset amortization under the purpose of income tax calculation in the year.
- Deferred income tax assets arising from the temporarily deducted differences, due to an expense of the current year is recorded but only deducted from the taxable income of the following year. For example: a pre-deducted Expense on a major repair of fix assets is recorded in the current year but only deducted from taxable income when these expenses arise actually in the following years;
- Deferred income tax assets are calculated on the value which is deducted of the taxable losses and tax preferences which have not yet been used and carried over from previous years to the current year.
Debit:- Value of deferred income tax assets increased
Credit:- Value of deferred income tax assets decreased
Debit balance:- Value of deferred income tax assets remaining at the end of the period.
Detailed accounting:- To open 01 detailed account.
11. To supplement with Account 366 - Receivables from internal transactions of the credit institution’s system
Account 366 - Receivables from internal transactions of the credit institution’s system
Account 366 has tier III accounts as follows:
3661- Receivables from branches
3662- Receivables from the Head Office
Account 3661 - Receivables from branches
This account is opened at the Head Office of the credit institution, used for reflecting the receivables from the branches arising from internal transactions of the system.
Debit:- Amount receivable from the branch arising from internal transactions.
Credit:- Amount receivable already paid by the branch.
- Amount being transferred to other appropriate accounts.
Debit balance:- To reflect the remaining amount receivable from branches by theHead office.
Detailed accounting:- To open detailed accounts by each branch.
Account 3662 - Receivables from the Head Office
This account is opened at branches of the credit institution, used for reflecting receivables from the Head Office arising from internal transactions of the credit institution’s system.
Debit:- Amount receivable from the Head Office arising from internal transactions.
Credit:- Amount receivable already paid by the Head Office.
- Amount being transferred to other appropriate accounts.
Debit balance:- To reflect the remaining amount receivable from the Head Office by the branch.
Detailed accounting:- To open 01 detailed account.
12. To supplement with Account 37- Debt purchase
Account 37- Debt purchase
This account is used for reflecting the available amount and changes of debt purchases as agreed by and between the credit institution and the debt seller.
Accounting on this account shall be subject to following regulations:
1. The debt trading is executed on the basis of the concluded contract in conformity with laws and regulations on debt trading.
2. Value of the purchased debt reflected on this account is the contractual purchasing price of the debt.
3. If interest of the debt is collected, including the interest amount before it is purchased by the credit institution, the credit institution shall allocate such interest amount in the principle as follows: (i) to write down the value of the purchased debt for the interest amount before purchase; (ii) to record the interest amount as income of the period after the credit institution buys the debt.
4. The credit institution shall classify and set up provision for risks of purchased debts in accordance with laws on setting up and use of provision for risk handling.
5. Value of principal, interest of the debt purchased shall be followed up on the off-balance sheet account 981.
Account 37 has tier II accounts as follows:
371- Debts purchased in VND
372- Debts purchased in foreign currency
379- Risk provisions
Account 371- Debts purchased in VND
This account is used for reflecting the available amount and changes of debts purchased in
VND as agreed by and between the credit institution and the debt seller.
Debit:- Amount of debt purchase increased.
Credit:- Amount of debt purchase decreased.
Debit balance:- Amount of debt purchase at the end of the period.
Detailed accounting:- To open detailed accounts by each seller responsible for payment.
Account 372- Debts purchased in foreign currency
This account is used for reflecting the available amount and changes of debts purchased in foreign currency as agreed by and between the credit institution and the debt seller.
Accounting details on Account 372 are similar to those of account 371.
Account 379- Risk provision
This account is used for reflecting the setting up, handling and return of risk provisions by the credit institution in accordance with laws and regulations on setting up and use of provision for handling risks of debt purchases.
Account 379 has tier III accounts as follows:
3791 - Specific provision
3792- General provision
Accounting details on Account 379 are similar to those of account 209.
13. To supplement with Account 395- Interests receivable from debt purchase operation
Account 395- Interests receivable from debt purchase operation
This account is used for reflecting the accumulated amount of receivable interests basing on the value of principal of the purchased debt that is eligible for calculating the estimated receivable interest in accordance with applicable laws and regulations.
Accounting on this account shall be subject to following regulations:
1. Interest receivable from the purchased debt is recorded on the basis of the real time and interest rate in each period.
2. Interest receivable from the purchased debt reflects the accumulated interest amount that the credit institution has recorded to incomes but not paid by the customer yet.
Account 395 has tier III accounts as follows:
3951- Interest receivable from debts purchased in VND
3952- Interest receivable from debts purchased in foreign currency
Accounting details on Account 395 are similar to those of account 391.
14. To supplement with Account 397 - Receivable fees
Account 397 - Receivable fees
This account is used for the reflection of the receivable fees in the operation process of the credit institution.
The accounting on this account shall be subject to following regulations:
1. Fees from the business activities of the credit institution shall be recorded on the basis of actual time and fee amount to be receivable in each period.
2. Receivable fees shall reflect the accumulated fees, which have been recorded to the income of the period by the credit institution, but have not been paid by the customers.
Debit:- Amount of fees receivable from the service supply by the credit institution (counterpart accounting to the income account of the credit institution).
Credit:- Receivable fees that have been paid by the customer.
Debit balance:- To reflect the remaining amount of fee receivable from the customer.
Detailed accounting:- To open detailed accounts for each service supplied for enjoying fee.
15. To supplement with Account 4254 - Deposits for specific purpose in VND
Account 4254 - Deposits for specific purpose in VND
This account is used for the reflection of the amount in VND deposited by foreign customers at the credit institution, which is used for a specific purpose.
Details and method of accounting on this account are similar to those of account 4214 - Deposits for specific purposes.
16. To supplement with Account 4264 - Deposits for specific purpose in foreign currency
Account 4264 - Deposits for specific purpose in foreign currency
This account is used for the reflection of the amount in foreign currency deposited by foreign customers at the credit institution, which is used for a specific purpose.
Details and method of accounting on this account are similar to those of account 4214 - Deposits for specific purposes.
17. To supplement with Account 4535 - Payable deferred income tax
Account 4535 - Payable deferred income tax
This account is used for the reflection of the current value and increase, decrease of the deferred corporate income tax payable, which is determined and recorded in accordance with provisions of Vietnam Accounting Standard No.17 “Corporate Income Tax”.
Accounting on this account shall be subject to following regulations:
1. Payable deferred income tax shall be recorded for all taxable temporary differences, except for the case where payable deferred income tax arises from the initial recording of an asset or payable debt of a transaction which does not affect the accounting profits or income taxable profits (or taxable losses) at the time when the transaction arises.
2. By the ending of the fiscal year, the accountant must determine taxable temporary differences of the current year to make basis for the determination of payable deferred income tax which is recorded in the year.
3. The recording of payable deferred income tax in the year shall be implemented in accordance with the principle of clearing between the payable deferred income tax amount arising in the current year and the payable deferred incomes that were recorded from previous years, but are stated as decrease (returned) in the current year under the principle:
- If the payable deferred income tax amount arising in the year is bigger than the payable deferred income tax amount which is returned in the year, the accountant shall only make additional recording for the payable deferred income tax which is the bigger difference between the payable deferred income tax arising and the amount to be returned in the year;
- If the payable deferred income tax amount arising in the year is smaller than the payable deferred income tax amount which is returned in the year, the accountant thereat shall only write down (return) for the payable deferred income tax amount which is the smaller difference between the payable deferred income tax arising and the amount to be returned in the year.
4. Payable deferred income tax arising in the year which is not related to the items which are directly charged to the owner capital must be recorded as the deferred corporate income tax expense arising in the year.
5. The accountant must write down accounting for the payable deferred income tax where the taxable temporary differences do not affect the taxable profits (where the assets are recovered or payable debt is paid).
6. Some main cases that make the payable deferred income tax arise:
Payable deferred income tax arises from taxable temporary differences. For example, the utility time of fixed assets determined by the credit institution is longer than the utility time in accordance with current financial policies accepted by the tax authority that makes the amortization deduction level of fixed assets under the accounting lower than the amortization which is deducted from the taxable profits.
Debit:- Payable deferred income tax decreased (returned).
Credit:- Payable deferred income tax recorded in the period.
Credit balance:- Payable deferred income tax remaining at the end of the period.
Detailed accounting:- To open 01 detailed account.
18. To supplement with Account 466 - Payables from internal transactions within the system of the credit institution
Account 466 - Payables from internal transactions within the system of the credit institution
This account has tier III accounts as follows:
4661- Payables to branches
4662- Payables to the Head Office
Account 4661- Payables to branches
This account is opened at the Head Office of the credit institution, used for reflecting the payables to branches arising from internal transactions of the system.
Debit:- Amount payable by the Head Office to the branches.
Credit:- Amount paid by the Head Office to the branches.
- Amount transferred to other appropriate accounts.
Credit balance:- To reflect the amount to be payable by the Head Office to the branches.
Detailed accounting:- To open detailed accounts by each branches.
Account 4662 - Payables to the Head Office
This account is opened at the branches of the credit institution, used for reflecting the payables to the Head Office arising from internal transactions of the system.
Credit:- Amount payable by the branches to the Head Office.
Debit:- Amount paid by the branches to the Head Office.
- Amount transferred to other appropriate accounts.
Credit balance:- To reflect the amount to be payable by the branches to the Head Office.
Detailed accounting:- To open 01 detailed account.
19. To supplement with Account 481- Funds received for granting syndicated credit in VND
Account 481- Funds received for granting syndicated credit in VND
This account is opened at the head credit institution, used for reflecting the amounts received from the member credit institutions for granting syndicated credits at the amount as agreed in the syndication contract.
This account has tier III accounts as follows:
4811- Funds received for granting syndicated credits in VND
4812- Funds received for granting syndicated credits in foreign currency
Accounting details of this account are as follows:
Credit:- Amount already received from the member credit institutions for granting syndicated credit.
Debit:- Amount already paid to the member credit institutions (where having disbursed to the borrower).
Credit balance:- To reflect the amount already received from the member credit institutions but not disbursed to the customer yet.
Detailed accounting:- To open detailed accounts by each member credit institution in the syndication.
20. To supplement with Account 482- Funds entrusted
Account 482- Funds entrusted
This account is opened at the entrusted credit institution, used for reflecting the amount transferred by the entrusting party (who bears the entire risks and losses arising from the entrustment activities where the entrusted credit institution has fulfilled its obligations in the entrustment contract) to the entrusted credit institution as defined in the entrustment contract.
This account has tier III accounts as follows:
4821- Funds entrusted in VND
4822- Funds entrusted in foreign currency
Accounting details on Accounts 482 are similar to those of accounts 481.
21. To supplement with Account 483- Fund for scientific and technological development
Account 483- Fund for scientific and technological development
This account is used for reflecting the available amount, the increase/decrease of the Fund for scientific and technological development of the credit institution. Fund for scientific and technological development of the credit institution shall only be used for investment in science and technology in Vietnam.
Accounting on this account shall be subject to the following regulations:
1. The setting up and use of Fund for scientific and technological development of the credit institution must be in compliance with laws and regulations.
2. Fund for scientific and technological development is deducted from management expenses to determine the business result in the period. Every year, the credit institution shall determine the level of setting up the Fund for scientific and technological development in accordance with laws and regulations and make a Report on the setting up, use of Fund for scientific and technological development, list the level and amount of setting up in the final return of corporate income tax. Report on the use of Fund for scientific and technological development shall be submitted together with the final return of corporate income tax.
Account 483 has tier III accounts as follows:
Account 4831- Fund for scientific and technological development
Account 4832- Fund for scientific and technological development with fixed asset already formed
Account 4831- Fund for scientific and technological development
This account is used for reflecting the available amount, the increase/decrease of the Fund for scientific and technological development of the credit institution.
Credit:- To set up the Fund for scientific and technological development charged to expenses.
- Amount received from the liquidation, sale of fixed assets formed from the Fund for scientific and technological development with fixed asset already formed.
Debit:- Payments from the Fund for scientific and technological development.
- To write down the Fund for scientific and technological development with fixed asset already formed.
- Expenses on liquidation, sale of fixed asset.
Credit balance:- Remaining amount of the Fund for scientific and technological development of the credit institution at the end of the reporting period..
Detailed accounting:- To open 01 detailed account.
Account 4832- Fund for scientific and technological development with fixed asset already formed
This account is used for reflecting the available amount, the increase/decrease of the Fund for scientific and technological development with fixed asset already formed of the credit institution.
Credit:- Fund for scientific and technological development with fixed asset already formed increased.
Debit:- Depreciated value of fixed asset in the period.
- Remaining value of fixed asset at the time of selling, liquidating.
- To write down the Fund for scientific and technological development with fixed asset already formed where the fixed asset formed from the Fund for scientific and technological development is switched to serve the business, production purpose.
Credit balance:- Available sources of Fund for scientific and technological development of the credit institution at the end of the reporting period.
22. To supplement with Account 484- Fund for bonus, welfare and reward to the Executive Committee
Account 484- Fund for bonus, welfare and reward to the Executive Committee
This account is used for reflecting the Fund for bonus, welfare and reward to the Executive Committee which is set up by the credit institution in accordance with applicable laws and regulations.
This account has tier III accounts as follows:
4841- Fund for bonus and reward
4842- Welfare fund
4843- Welfare fund with fixed asset already formed
4844- Fund for reward to the Executive Committee
Accounting details on this account are as follows:
Credit:- Amount already set up of the fund.
Debit:- Amount already used of the fund.
Credit balance:- To reflect the available amount of the fund.
Detailed accounting:- To open 01 detailed account.
23. To supplement with Account 487- Debt component of preferred shares
Account 487- Debt component of preferred shares
This account is used for reflecting the value of payable Debt component of preferred shares issued by the credit institution. This account shall be only opened and used upon the permission of financial mechanism or a specific regulation on the operational mechanism of the State Bank.
Accounting on this account shall be subject to following regulations:
1. Preferred shares are a complex financial instrument, which consists of two components (Payable debt and Owner’s capital).
2. The issuance of preferred shares must be in compliance with current provisions of applicable laws. The separation of the two components, Payable debt and Owner’s capital, in the accounting shall be implemented in accordance with provisions of the State Bank.
3. Only value of the payable Debt of preferred shares issued the credit institution shall be recorded on this account.
4. Payable Debt component of preferred shares, which is recorded on this account, and Owner’s capital component of preferred shares (being accounted on the account 65 - Preferred shares - Owner’s capital component) are 02 component parts of a preferred share issued by the credit institution.
Credit:- Value of payable Debt component of preferred shares issued by the credit institution.
Debit:- Payment of preferred shares at maturity (payable Debt component).
- Repurchase of preferred shares (payable Debt component) in the period.
- Conversion of preferred shares to common shares (Debt component of preferred shares)
Credit balance:- To reflect the total value of payable Debt component of preferred shares issued by the credit institution.
Detailed accounting:- To open detailed accounts for each issue batch.
24. To supplement with tier III accounts of Account 489- Other risk provisions as follows:
Account 4895 - General provision for commitments given
This account is used for reflecting the setting up, handling and return of risk provisions in accordance with laws and regulations on setting up and use of provision for handling risks of guarantee commitments, loan commitments, payment acceptances,.. given by the credit institution to its customers.
Details and method of accounting on this account are similar to those of account 2092.
Account 4896- Specific provision for commitments given
This account is used for reflecting the setting up, handling and return of risk provisions in accordance with laws and regulations on setting up and use of provision for handling risks of guarantee commitments, loan commitments, payment acceptances,.. given by the credit institution to its customers.
Credit:- Amount of specific provision for given commitments already set up.
Debit:- Handling of the risk.
- Return of the difference of provision already set up.
Credit balance:- To reflect the available amount of specific provision for commitments given.
Detailed accounting:- To open detailed accounts by groups of debts.
25. To supplement with Account 497- Fees payable
Account 497- Fees payable
This account is used for the reflection of the payable fee amount, which is accumulated when the credit institution uses products, services from suppliers.
Accounting on this account shall be subject to following regulations:
1. The fee amount to be payable to suppliers shall be acknowledged on the time basis and the actually payable fee amount in the period.
2. Payable fee being followed up on this account reflects the accumulated fee that the credit institution has accounted to the expenditures in the period but not paid yet to the suppliers.
Credit:- Amount of fees payable payable to the suppliers of products, services (counterpart accounting to the account of expenses of the credit institution).
Debit:- Amount of fees payable which has been paid to the suppliers.
Credit balance:- To reflect the remaining amount of fees payable to the suppliers.
Detailed accounting:- To open detailed accounts by each supplier.
26. To supplement with Account 603 - Equity surplus
Account 603 - Equity surplus
This account is used for the accounting of the difference between the issuing price of shares and face value of shares.
Credit:- Surplus value of equity increased(The higher difference between the issuing price and the face value of shares)
Debit:- Surplus value of equity decreased (the lower difference between the issuing price and the face value of shares).
- To carry over the equity surplus to raise the charter capital in line with financial regime and applicable regulations.
Credit balance:- To reflect the positive value of equity surplus available.
Debit balance:- To reflect the negative value of equity surplus available.
Detailed accounting:- To open 01 detailed account.
27. To supplement with Account 604 - Fund shares
Account 604 - Fund shares
This account is used for the reflection of the current value and the increase (decrease) of the shares repurchased by the credit institution from those which are issued to the public for later re-issuance (hereinafter called fund shares ).
Fund shares are those to be issued by a credit institution and repurchased by the very issuing credit institution, but they shall not be canceled and shall be reissued in a period of time in accordance with provisions of laws on securities. The credit institution that holds types of fund shares shall not be entitled to enjoy dividends, have no right to vote or participate in the distribution of assets where the credit institution is dissolved. At the distribution of dividends to shares, fund shares being held by the credit institution shall be considered as unsold shares.
The credit institution shall only be permitted to open and use this account where it has an operational mechanism in place and performs accounting in compliance with guidance of the State Bank.
Accounting on this account shall be subject to following regulations:
1. Value of the purchased fund shares stating on this account is the real price, including: real purchasing price and expenses directly relating to the purchase of fund shares such as Expense on brokerage, Expense on transaction of fund shares (if any).
2. Value of fund shares upon the re-issuance, or where they are used for dividend payment, reward,… shall be calculated under the real price in line with the weighed average method.
3. The difference amount between the re-issuance/use price and real price of purchased fund shares shall be accounted to the Debit or Credit of the Account 603 “Surplus of voting shares”.
4. Following subjects shall not be followed up on this account: (i) value of shares that the credit institution buys from another credit institution for the purpose of investment holding; (ii) value of the shares that the credit institution repurchases for the purpose of withdrawal for timeless cancel (in this case, capital of the credit institution shall be directly stated as decrease).
5. Upon preparation and explanation of financial statement, balance on the Debit of the Account 604 “Fund shares “ shall be stated in negative number by putting it in the bracket (xxx) and in the norm Capital of the credit institution (after such norms as Charter capital, investment capital for capital construction, fixed asset procurement and surplus of voting shares) on the Balance Sheet.
6. In the event where the credit institution repurchases preferred shares (complex instrument), value of the purchased fund shares being accounted on this account shall be the real purchase price (minus (-) the Debt components of preferred shares (accounting value on account 487 - Debt components of preferred shares).
Debit:- Real value of fund share purchased.
Credit:- Value of fund shares re-issued or re-used (dividend payment or bonus in shares,...).
Debit balance:- Value of fund shares being held by the credit institution.
Detailed accounting:- To open detailed accounts by each purchase of fund shares.
28. To supplement with Account 65 - Preferred shares
Account 65 - Preferred shares
Preference share is a complex financial instrument which consists of two components (Payable debt and Owner’s capital). Accounting details on Account 65 - preferred shares reflect the value of owner’s capital component of the preference shares issued by the credit institution. The payable debt component of preferred shares is accounted on the account 487
- Debt component of preferred share.
Credit:- Value of owner’s capital component of preferred shares issued by the credit institution.
Debit:- Value of owner’s capital of preferred shares paid at maturity.
- Value of owner’s capital component of preferred shares converted into common shares.
Credit balance:- Value of owner’s capital of preferred shares issued by the credit institution and in circulation.
Detailed accounting:- To open detailed accounts by each batch of issuance.
Value of preferred shares being accounted on this account shall be the face value in the event where no value arising to be charged to the debt component of preferred shares. In case of arising the value of the debt component, value of shares being accounted on this account shall be the face value minus (-) the amount being accounted to the debt component of preferred shares.
29. To supplement with Account 704- Income from guarantee operations
Account 704- Income from guarantee operations:This account is used for reflecting the incomes from customers who are guaranteed parties.
30. To supplement with Account 706- Interest income from debt trading operations
Account 706- Interest income from debt trading operations:This account is used for reflecting income from the interest that are counted on the principal amount of the traded debt recorded as income arising in the period.
31. To supplement with Account 723- Income from currency derivatives
Account 723- Income from currency derivatives:This account is used for accounting incomes from currency derivatives of the credit institution.
32. To supplement with Account 748- Incomes from other derivatives
Account 748- Incomes from other derivatives:This account is used for accounting the amounts received from other derivatives (other than currency derivatives) of the credit institution.
33. To supplement with Account 805- Payment of finance leasing interest
Account 805- Payment of finance lease interest:This account is used for accounting the interest amount of finance leasing payable by the credit institution.
34. To supplement with Account 823- Expenses on currency derivatives
Account 823- Expenses on currency derivatives:This account is used for accounting the expenses that arise from currency derivatives of the credit institution.
35. To supplement with Account 833- Expenses on corporate income tax
Account 833- Expenses on corporate income tax
This account is used for the reflection of the current corporate income tax expense of the credit institution, including the current corporate income tax expense and deferred corporate income tax expense as a basis for the determination of the business result of the credit institution in the current year.
Accounting on this account shall be performed in accordance with Vietnam Accounting Standard No.17 - Corporate income tax and following provisions:
1. Expenses on corporate income tax which are charged to this account includes the current corporate income tax expense and deferred corporate income tax expense at the determination of profit (or loss) of a fiscal year.
2. Current corporate income tax expense is the payable corporate income tax amount calculated on the taxable income in the year and the current corporate income tax rate.
3. Deferred corporate income tax expense is the corporate income tax amount to be payable in the future arising from:
- The acknowledgement of the deferred income tax payable in the year
- The return of the deferred income tax assets which were acknowledged from the previous years.
4. Income from the deferred corporate income tax is the decrease amount of expenses for deferred corporate income tax arising from:
- The acknowledgement of the deferred income tax payable in the year
- The return of the deferred income tax assets which were recorded from the previous years. This account has tier III accounts as follows:
Account 8331 - Expense on current corporate income tax
Account 8332 - Expense on deferred corporate income tax
Account 8331 - Expense on current corporate income tax
This account is used for reflecting Expense on current corporate income tax arising in the year of the credit institution.
The accounting on this account shall be subject to following regulations:
1. On the quarterly basis, the accountant shall, basing on the written declaration of corporate income tax, record the current corporate income tax amount which is temporarily payable to the current income tax expense.
2. At the end of the fiscal year, basing on the declaration of tax settlement, if the amount of corporate income tax which is temporarily payable in the year is lower than the payable amount of the very year, the accountant shall record the additional payable amount of corporate income tax to the current income tax expense. In case where the amount of corporate income tax which is temporarily payable in the year is higher than the payable amount of the very year, the accountant shall write down for the current income tax expense, which is the higher difference between the temporarily payable amount of corporate income tax in the year and the actual payable amount.
3. In case where any inessential error relating to the amount of payable corporate income tax of previous years is detected, the credit institution shall be permitted to write up (or down) the amount of payable corporate income tax of previous years into the current expense on corporate income tax of the year in which the error is found out.
4. At the end of the fiscal year, the accountant shall transfer the current corporate income tax expense arising in the year to the account 69 “Undistributed profits” to determine the business results of the year.
Debit:- Payable corporate income tax which is charged to the current corporate income tax expense arising in the year.
- Current corporate income tax of previous years which is additionally payable due to the detection of inessential errors of previous years which is entitled to write up the current expenses on corporate income tax of the current year;
Credit:- The current amount of actual payable corporate income tax in the year, which is lower than the current amount of temporarily payable income tax shall be deducted from the current income tax expense that is acknowledged in the year.
- The amount of payable corporate income tax which is accounted as a decrease due to the detection of inessential errors of previous years shall be deducted from the current corporate income tax expense of the current year.
- To carry over the difference between the current corporate income tax expense to the Debit of the Account 69 “Undistributed profits”.
Account 8331 - Expense on current corporate income tax shall have no balance at the end of the period.
Account 8332- Expense on deferred corporate income tax
This account is used for reflecting the expenses on deferred corporate income tax arising in the year of the credit institution.
Accounting on this account shall be subject to following regulations:
1. At the end of the fiscal year, the accountant must determine the deferred corporate income tax amount that is payable to record to the deferred corporate income tax expense, at the same time, determine the deferred income tax assets to record to the income from the corporate income tax (making decrease accounting for the deferred corporate income tax expense).
2. The accountant shall not be entitled to state the deferred corporate income tax assets or the payable deferred income tax arising from the transactions which are directly acknowledged to the owner’s capital in this account.
3. At the end of the period, the accountant must transfer the difference between the arising amount of the Debit and the arising amount of the Credit of the Account 8332 - Expense on deferred income tax to the Account 69- Undistributed profits.
Debit:- Expense on deferred enterprise income tax arising in the year from the acknowledge of the payable deferred income tax (which is the higher difference between the payable deferred income tax arising in the year and the payable deferred income tax that is returned in the year).
- The returned amount of the deferred enterprise income tax asset being acknowledged from previous years (which is the higher difference between the deferred enterprise income tax asset which is returned and the deferred enterprise income tax asset arising in the year);
- To transfer the difference between the arising amounts of the Credit of Account 8332 - Expense on deferred corporate income tax that are higher than those of the Debit of Account 8332 - Expense on deferred corporate income tax arising in the period to the Credit of Account 69- Undistributed profits.
Credit:- To make decrease accounting for the deferred enterprise income tax expense (which is the higher difference between the deferred income tax asset arising in the year and the deferred income tax asset that is returned in the year).
- To make decrease accounting for the deferred enterprise income tax expense (which is the higher difference between the payable deferred income tax that is returned in the year and the payable deferred income tax arising in the year).
- To transfer the difference between the arising amounts of the Credit of Account 8332 - Expense on deferred corporate income tax that are lower than those of the Debit of Account 8332 - Expense on deferred corporate income tax arising in the period to the Credit of Account 69- Undistributed profits.
Account 8332 - Expense on deferred corporate income tax shall have no balance at the end of the period.
36. To supplement with Account 843- Expenses on debt trading operations
Account 843- Expenses on debt trading operations:This account is used for reflecting the expenses on debt trading activities of the credit institution.
37. To supplement with Account 848 - Expenses on other derivatives
Account 848 - Expenses on other derivatives:This account is used for accounting the payments for other derivatives (other than currency derivatives) of the credit institution.
38. To supplement with Account 856 - Expenses on shift meals for staff of the credit institution
Account 856 - Expenses on shift meals for staff of the credit institution:This account is used for accounting the amount paid for shift meals of staff of the credit institution under the financial regime applicable to credit institutions.
39. To supplement with Account 857- Expenses on healthcare for staff of the credit institution
Account 857- Expenses on healthcare for staff of the credit institution:Include expenses on periodical health check for staff of the credit institution, expenses on buying preventive medicines and other expenses on healthcare that are within the responsibility of an enterprise as required by laws.
40. To supplement with Account 859- Other expenses on staff of the credit institution
Account 859- Other expenses on staff of the credit institution:This account is used for accounting other expenses on staff of the credit institution in accordance with regulations on financial regime of credit institutions.
41. To supplement with Account 882 - Expenses on provision making with following tier III accounts:
Account 8826 - Provision for decline of price of capital contribution, share purchase
Tài khoản 8827 - Provision for commitments given.
42. To supplement with Account 921- Commitment on loan guarantee
Account 921- Commitment on loan guarantee
This account is used for reflecting the entire amount of guarantees committed by the credit institution to loans of organizations and individuals under the concluded contracts where the credit institution has not fulfilled its committed obligation.
Debit:- Amount of loan guarantee.
Credit:- Amount of loan guarantee to which the credit institution has terminated its obligation or has fulfilled its guarantee obligation.
Debit balance:- To reflect the remaining amount to be guaranteed to the customer.
Detailed accounting:
- To open detailed accounts by each guaranteed customer.
43. To supplement with Account 922- Commitment on payment guarantee
Account 922- Commitment on payment guarantee
This account is used for accounting the entire amount of guarantees committed by the credit institution for payments of organizations and individuals under the concluded contracts where the credit institution has not fulfilled its committed obligation.
Accounting details on Account 922 are similar to those of Account 921.
44. To supplement with Account 924- Irrevocable loan commitment
Account 924- Irrevocable loan commitment
This account is used for accounting the entire amount of unconditionally irrevocable loan committed by the credit institution to organizations and individuals under the concluded contracts where the credit institution has not fulfilled its committed obligation.
Accounting details on Account 924 are similar to those of Account 921.
45. To supplement with Account 925-Commitments in Letter of credit (L/C) operations
Account 925-Commitments in Letter of credit (L/C) operations
This account is used for accounting the entire amount committed by the credit institution in L/C operations to organizations and individuals under concluded contracts where the credit institution has not fulfilled its committed obligation.
Accounting details on Account 925 are similar to those of Account 921.
46. To supplement with Account 926- Commitment on contract performance guarantee
Account 926- Commitment on contract performance guarantee
This account is used for accounting the entire amount of guarantees committed by the credit institution for contract performance of organizations and individuals under the concluded contracts where the credit institution has not fulfilled its committed obligation.
Accounting details on Account 926 are similar to those of Account 921.
47. To supplement with Account 927-Bidding guarantee commitments
Account 921- Bidding guarantee commitments
This account is used for accounting the entire amount of guarantee committed by the credit institution for the bidding of organizations and individuals under the concluded contracts where the credit institution has not fulfilled its committed obligation.
Accounting details on Account 927 are similar to those of Account 921.
48. To supplement with Account 928- Other guarantee commitments
Account 928- Other guarantee commitments
This account is used for accounting the entire amount of other guarantees committed by the credit institution to organizations and individuals under the concluded contracts where the credit institution has not fulfilled its committed obligation.
Accounting details on Account 928 are similar to those of Account 921.
49. To supplement with Account 938- Documents of other commitments received
Account 938- Documents of other commitments received
This account is used for reflecting commitments in writing, other commitment documents (other than guarantee commitments) received by the credit institution. Accounting details on this account are similar to those of Account 931.
50. To supplement with Account 944- Securities interests that have not been collected yet
Account 944- Securities interests that have not been collected yet
This account is used for reflecting the amount of interests from securities that have not been collected by the credit institution.
Accounting details on this account are as follows:
Debit:- Amount of interests not collected yet.
Credit:- Amount of interests already collected.
Debit balance:- To reflect the amount of interests from securities not collected yet by the credit institution.
Detailed accounting:- To open detailed accounts by each issuing institution.
51. To supplement with Account 945- Deposit interests not collected yet
Account 945- Deposit interests not collected yet
This account is used for reflecting the amount of interests from deposits that have not been collected by the credit institution.
Accounting details on Account 945 are similar to those of Account 944.
52. To supplement with Account 949- Receivable fees not collected yet
Account 949- Receivable fees not collected yet
This account is used for reflecting the amount of receivable fees of the credit institution that have not been collected yet.
Debit:- Amount of fees not collected yet.
Credit:- Amount of fees already collected.
Debit balance:- To reflect the amount of receivable fees that have not been collected yet.
Detailed accounting:- To open detailed accounts by each customer.
53. To supplement with Account 971 - Loss debts being under monitoring with tier III accounts as follows:
Account 9711 - Loss principal debt under monitoring.
Account 9712 - Loss interest debt under monitoring.
54. To supplement with Account 972- Loss debts in payment activities
Account 972- Loss debts in payment activities
This account is used for following up loss debts in payment activities of the credit institution to which risk provision has been used for covering, being under monitoring for debt collection. Monitoring period for this account shall be implemented in accordance with guiding documents of the Ministry of Finance. If at the ending of the monitoring period, any the remaining balance shall be canceled.
Accounting details on this account are similar to those of Account 971.
55. To supplement with Account 998- Assets, valuable papers mortgaged, pledged by he credit institution
Account 998- Assets, valuable papers mortgaged, pledged by he credit institution
This account is used for reflecting the assets, valuable papers mortgaged, pledged by the credit institution for loan security.
Debit:- Value of assets mortgaged, pledged by the credit institution for loan security.
Credit:- Value of the mortgaged, pledged assets given back after the debt is repaid.
- Value of the mortgaged, pledged assets being disposed.
Debit balance:- To reflect the value of assets being mortgaged, pledged by the credit institution.
Detailed accounting:- To open detailed accounts by each type of mortgaged, pledged assets.
Article 4. Effectiveness
1. This Circular shall come into effect from 01 June 2014.
2. Following Decisions issued by the Governor of the State Bank shall expire from the date where this Circular comes into effect:
a. Decision No. 807/2005/QD-NHNN dated 01/6/2005 on the amendment of, supplement to several accounts in the Accounts system of credit institutions issued in conjunction with the Decision No. 479/2004/QD-NHNN dated 29/4/2004 of the Governor of the State Bank;
b. Decision No. 29/2006/QD-NHNN dated 10/7/2006 on the amendment of, supplement to, repeal of some accounts in the Accounts system of credit institution issued in conjunction with the Decision No. 479/2004/QD-NHNN dated 29/4/2004 and the Decision No. 807/2005/QD-NHNN dated 01/6/2005 of the Governor of the State Bank;
c. Decision No. 02/2008/QD-NHNN dated 15/01/2008 on the amendment of, supplement to several accounts in the Accounts system of credit institutions issued in conjunction with the Decision No. 479/2004/QD-NHNN dated 29/4/2004, Decision No. 807/2005/QD-NHNN dated 01/6/2005 and Decision No. 29/2006/QD-NHNN dated 10/7/2006 of the Governor of the State Bank.
Article 5. Implementation
Director of State Bank’ Office, Director of Finance - Accounting Department, Head of related units of the State Bank, General Manager of State Bank branches in provinces, cities under the central Government’s management, Chairman of Board of Directors, Chairman of Board of Members and General Director (Director) of credit institutions, foreign bank branches shall be responsible for the implementation of this Circular./.
For the Governor of the State Bank of Vietnam
The Deputy Governor
Dao Minh Tu
VIETNAMESE DOCUMENTS
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ENGLISH DOCUMENTS
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