04 Principles to Adhere to When Overseeing the Operations of a Banknote Printing Plant

23:35, 10/07/2024

Circular 26/2016/TT-NHNN was issued by the State Bank of Vietnam on September 12, 2016, detailing specific principles to be followed in supervising the operations of the money printing plant.

Circular 26 stipulates that when conducting supervision, inspection, and examination of the activities of the money printing factory, the following principles must be ensured:

- Comply with legal regulations and ensure honesty, objectivity, accuracy, promptness, publicity, and transparency.- Coordinate effectively among units under the State Bank assigned to supervise, inspect, and examine, and with other related agencies, organizations, and individuals in the supervision, inspection, and examination work.- Do not hinder the normal operation of the factory.- Avoid overlapping in scope, content, and timing of inspections and examinations between units under the State Bank and other competent agencies, organizations, and individuals.

See details in Circular 26/2016/TT-NHNN effective from October 24, 2016.

-Thao Uyen-

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