What are regulations on application deadline and duration on commendation and rewarding to banking-sector in Vietnam?

1. What are regulations on application deadline and duration on commendation and rewarding to banking-sector in Vietnam?

Pursuant to Article 30 of Circular 17/2019/TT-NHNN stipulating application deadline and duration is as follows:

1. Yearly commendation and rewarding

a) The deadline for application for emulative titles, commendations or rewards under the Governor’s authority shall be earlier than February 28 each year. Teams and individuals involved in training activities shall submit their application before August 15 each year; in particular, the deadline for submission of application for the commemorative medal of "For the prosperous career of Vietnamese Banks” shall be earlier than February 28 each year.

b) Deadline and frequency of consideration of conferment of emulative titles, commendations or rewards at the state level:

i) The deadline for submission of application for conferment of the title of “Government’s Honourable Flag” shall be earlier than 28 February each year;

ii) The deadline for submission of application for conferment of “Winner of National Honourable Title”, “Prime Minister’s Certificate of Merit”, Honourable Orders and Medals of all kinds and ranks shall be earlier than March 15 each year;

iii) The deadline for submission of application by training team and individuals shall be earlier than August 15 each year;

iv) Conferment of the title of “Labor Hero” shall be considered every 5 years on the occasion of the General Meeting on Patriotic Campaigns at all levels, except cases in which suddenly outstanding achievements are made;

v) The deadline or frequency of consideration of conferment of “People’s Teacher”, “Teacher of Merit” or “Ho Chi Minh Prize” shall be subject to regulations of competent authorities.

c) The deadline for application for emulative titles, commendations or rewards under the authority of Heads of participating units shall be regulated under the authority delegated to the Heads of participating units.

2. Application for sudden commendations and rewards shall be received promptly after nominated teams and individuals make sudden praiseworthy achievements.

3. Application for thematic commendations and rewards shall be received promptly after end of each program or task.

4. Application for commendation and rewarding attributed to service period shall be submitted 6 months before a nominated officer retires. In order to be commended or rewarded, a retired officer must submit his/her application before March 15 each year.

5. Application for commendations or rewards according to standards specified in point d of clause 1 of Article 18 herein shall be submitted at least 6 months before the nominee’s retirement. In order to be commended or rewarded, a retired officer must submit his/her application before March 15 each year.

2. What are regulations on “SBV’s Honourable Flag” quantity in Vietnam?

According to Article 31 of Circular 17/2019/TT-NHNN stipulating “SBV’s Honourable Flag” quantity as follows:

1. On an annual basis, SBV’s Governor shall confer "SBV's Honourable Flag" upon Departments, Administrations, Authorities, units at the SBV’s headquarter or enterprises under the SBV’s control recognized as excellent units leading emulation campaigns in specific emulative Clusters. Division into units belonging to specific emulative Clusters shall be subject to the Governor’s decisions. Each year, the Governor shall grant Honourable Flags to units under the control of Bank Supervision and Inspection Agency that are recognized as excellent units leading emulation campaigns.

2. On an annual basis, the Governor shall grant Honourable Flags to SBV branches in cities and provinces that are recognized as excellent units leading emulation campaigns in specific emulative Groups. Division into units belonging to specific emulative Groups shall be subject to the Governor’s decisions.

3. Each year, based on business performance and scale of each unit, SBV shall inform the quantity of Honourable Flags granted to each nominated unit, including credit institutions, foreign bank branches, Deposit Insurance of Vietnam and other banking units.

4. On an annual basis, the Governor shall grant Honourable Flags to training teams recognized as excellent units leading emulation campaigns.

5. Teams qualified for receipt of Honourable Flags shall include large teams specified in Article 3 herein; Departments, Administrations, Authorities, Office of the Bank Supervision and Inspection Agency; branches and subsidiaries of credit institutions; branches of Deposit Insurance of Vietnam; campuses affiliated to training teams.

Best regards!