What are regulations on emulation, commendation and rewarding boards, and innovation boards, at all levels in the banking sector in Vietnam?

What are regulations on emulation, commendation and rewarding boards, and innovation boards, at all levels in the banking sector in Vietnam?

Pursuant to Article 38 of the Circular 17/2019/TT-NHNN stipulating emulation, commendation and rewarding boards, and innovation boards, at all levels in the banking sector in Vietnam as follows:

1. SBV shall establish Emulation, Commendation and Rewarding Board and Innovation Board in the banking sector.

2. Units shall be authorized to establish their own emulation, commendation and rewarding boards, and innovation boards.

Who are included in the composition of the Emulation, Commendation and Rewarding Board in the banking sector in Vietnam?

Pursuant to Article 39 of the Circular 17/2019/TT-NHNN stipulating the composition of the Emulation, Commendation and Rewarding Board in the banking sector in Vietnam as follows:

1. Chair: SBV’s Governor.

2. First Vice Chair: Deputy Governor in charge of emulation, commendation and rewarding activities in the banking sector.

3. Standing Vice Chair: Director of the Emulation, Commendation and Rewarding Department.

4. Members: Director of the Department of Organization and Personnel, Deputy Secretary of the Party’s Standing Committee of the Central Bank, the Standing Vice Chair of SBV’s Trade Union, the Chief of the SBV’s Office, the Chief of the Banking Inspection and Supervision Agency, the Director of the Internal Audit Department, the Director of the Financial Policy Department, the Director of the Finance – Accounting Department, and the Deputy Director of the Department of Emulation, Commendation and Rewarding.

5. Secretary: Administrative officer of the Department of Emulation, Commendation and Rewarding.

Who are included in the composition of the Emulation, Commendation and Rewarding Boards at SBV-affiliated units in the banking sector in Vietnam?

Pursuant to Article 40 of the Circular 17/2019/TT-NHNN stipulating the composition of the Emulation, Commendation and Rewarding Boards at SBV-affiliated units in the banking sector in Vietnam as follows:

1. Chair: Head of a unit.

2. Vice Chair: Vice Head of a unit.

3. Members: Representative of the Party’s Committee (Subcommittee), the Chair of Trade Union and other members who are key officers of units under decisions issued by Heads of units according to the principles under which total number of Board members (including Chair, Vice Chair and other members) does not exceed 9 persons. As for Bank Supervision and Inspection Agency, total number of Board members shall not be greater than 13 persons and the Chief of the Bank Supervision and Inspection Agency shall decide establishment of Emulation, Commendation and Rewarding Boards at Departments, Administrations, Authorities or affiliates.

4. Secretary: An officer in charge of emulation, commendation and rewarding activities.

Who are included in the composition of Emulation, Commendation and Rewarding Boards at credit institutions, foreign bank branches, Deposit Insurance of Vietnam and enterprises under the SBV’s control in the banking sector in Vietnam?

Pursuant to Article 41 of the Circular 17/2019/TT-NHNN stipulating the composition of Emulation, Commendation and Rewarding Boards at credit institutions, foreign bank branches, Deposit Insurance of Vietnam and enterprises under the SBV’s control in the banking sector in Vietnam as follows:

1. Chair: President of Governing Board or Chair of Board of Directors. In particular, with respect to Vietnam Bank for Social Policies, the Board’s Chair is the Bank’s Director General; with respect to foreign bank branches, the Board’s Chair is the Director General (Director) of one of these branches.

2. Vice Chair: Director General (Director). In particular, with respect to Vietnam Bank for Social Policies and foreign bank branches, the Board’s Vice Chair is Deputy Director General (Deputy Director) of one of these entities.

3. Members: Representatives of the Party’s Committees (Subcommittees), Presidents of Trade Unions and others who are key officers of units. These posts shall be decided by Heads of units. Total number of the Board’s members shall not be greater than 13 persons.

4. Secretary: Deputy Head of the Division (Subdivision) of Emulation, Commendation and Rewarding or administrative officer tasked with performing emulation, commendation and rewarding activities.

Who are included in the composition of Emulation, Commendation and Rewarding Boards of Standing Affiliates of Associations under the SBV's control in the banking sector in Vietnam? 

Pursuant to Article 42 of the Circular 17/2019/TT-NHNN stipulating the composition of Emulation, Commendation and Rewarding Boards of Standing Affiliates of Associations under the SBV's control in the banking sector in Vietnam as follows:

1. Chair: Secretary General.

2. Vice Chair: Trade Union’s President.

3. Other members shall be subject to decisions of heads of units. Total number of the Board’s members shall not exceed 9 persons.

4. Secretary: An officer in charge of emulation, commendation and rewarding activities.

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