Circular No. 84/2020/TT-BTC amending periodic report regime in the field of finance and banking

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Circular No. 84/2020/TT-BTC dated October 01, 2020 of the Ministry of Finance on amending and supplementing regulations on the periodic report regime under the Minister of Finance’s decision in the field of finance and banking
Issuing body: Ministry of FinanceEffective date:
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Official number:84/2020/TT-BTCSigner:Huynh Quang Hai
Type:CircularExpiry date:Updating
Issuing date:01/10/2020Effect status:
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Fields:Finance - Banking

SUMMARY

To supplement regulations on methods of sending financial plans

On October 01, 2020, the Ministry of Finance issues the Circular No. 84/2020/TT-BTC on amending and supplementing regulations on the periodic report regime under the Minister of Finance’s decision in the field of finance and banking.

Accordingly, to provide additional regulations on sending financial plans and reports. Specifically, such plans and reports shall be sent according to one of the following methods, in the form of paper documents: Send directly or by post.

Besides, the Ministry of Finance also provides additional requirements for Vietnam Asset Management Company in term of closing data and sending reports. To be specific: The period for closing data of a financial plan is from January 01 of the planning year to December 31 of the planning year; A report may be sent directly in the form of paper documents, sent by post or via e-mail system or specialized reporting information software system.

In addition, the State Bank of Vietnam shall biannually (before August 31) and annually (before April 30 of the subsequent year), notify the Ministry of Finance of the financial status of credit institutions and foreign bank branches according to the following norms (classified by type of credit institutions): The total amount of charter capital, owner’s equity, assets, total debits, total amount of mobilized capital, non-performing loan ratio and other prudential ratios in operation of credit institutions and foreign bank branches, etc.

This Circular takes effect on November 15, 2020.

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Effect status: Known

THE MINISTRY OF FINANCE
________

No. 84/2020/TT-BTC

THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

_______________________

Hanoi, October 01, 2020

 

 

CIRCULAR

On amending and supplementing regulations on the periodic report regime under the Minister of Finance’s decision in the field of finance and banking

________________

Pursuant to the Government’s Decree No. 87/2017/ND-CP dated July 26, 2017, on defining the functions, tasks, powers and organizational structure of the Ministry of Finance;

Pursuant to the Government's Decree No. 09/2019/ND-CP dated January 24, 2019, on prescribing reporting regimes applicable to state administrative agencies;

At the proposal of the Director of the Department of Banking and Financial Institutions;

The Minister of Finance hereby promulgates the Circular on amending and supplementing regulations on the periodic report regime under the Minister of Finance’s decision in the field of finance and banking.

 

Article 1. To amend and supplement a number of articles of the Circular No. 195/2013/TT-BTC dated December 18, 2013 of the Ministry of Finance, on providing the financial regime of the State Bank of Vietnam as follows:

1. To amend and supplement Point 2.2, Clause 2, Article 12 as follows:

“2.2. The plan on revenues and expenditures of the State Bank shall be formulated annually, sent to the Ministry of Finance for appraisal and summarization into the State budget estimates in accordance with the Law on the State Budget and its guiding documents.”

2. To add Point 2.4, Clause 2, Article 12 as follows:

“2.4. A financial plan shall be sent in the form of paper documents according to one of the following methods:

a) Send directly;

b) Send by post.”

3. To add Point 2.3, Clause 2, Article 13 as follows:

“2.3. A financial report shall be sent in the form of paper documents according to one of the following methods:

a) Send directly;

b) Send by post.”

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