Circular 33: Management of Cash, Valuable Papers, and Precious Assets in the State Treasury System

The Ministry of Finance states that the regulations in the new circular aim to strengthen the legal effect as well as align with the objectives of administrative reform and the practical operation of the state budget fund (NSNN).

Regarding the responsibilities of officials participating in the management of cash, securities, and valuable assets, the regulations are as follows: at the State Treasury (KBNN), the Director of the Treasury Department is the head of the committee; the Chief Accountant of the Transaction Office and the treasury keeper are members.

At the provincial and district KBNN, the Director is the head of the committee, and the members are the Chief Accountant and the treasury keeper.

Besides having the shared responsibility of directly opening and locking the treasury doors, and jointly accessing the treasury, each member of the treasury management committee has their own specific responsibilities. Specifically, the heads of the committees are responsible for organizing, managing, and ensuring the security and confidentiality of cash, securities, and other types of assets stored in the treasury, directly participating in fund inspections and treasury inventories as regulated; determining the causes of any excess or shortage of cash...

The Chief Accountants are responsible for managing and supervising the import and export of cash, securities, and valuable assets into the treasury; checking and reconciling the actual inventory figures with the figures in the accounting books and treasury records, as well as ensuring compliance with regulations on treasury safety management. The treasury keepers are responsible for ensuring absolute safety and arranging cash and assets in the treasury neatly; comparing the import, export, and stock figures of cash, securities in the treasury with their operational records and accounting books.

The Director of the Treasury Department of KBNN and the Directors of provincial and district KBNNs are authorized to delegate their deputy to perform all or part of the management tasks of cash, securities, and valuable assets.

Chief Accountants are authorized to delegate another qualified person in their organization to perform all or part of the tasks.

However, this authorization must be documented in writing and limited to a certain period.

Circular 33/2017/TT-BTC is effective from June 16, 2017. It repeals Decision 61/2002/QD-BTC dated May 17, 2002 of the Minister of Finance.

Source: Financial Magazine

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