From November 15, 2020, changes will be made to the reporting time of the Financial Statements of the Vietnam People's Credit Fund

19:54, 09/07/2024

Recently, the Ministry of Finance issued Circular 84/2020/TT-BTC amending and supplementing regulations on periodic reporting policies under the jurisdiction of the Minister of Finance of Vietnam in the field of finance and banking.

From November 15, 2020, changes will be made to the reporting time of the Financial Statements of the Vietnam People's Credit Fund (Illustrative Image)

In Article 7 of Circular 84/2020/TT-BTC, amending and supplementing Clause 2, Article 11 of Circular 20/2018/TT-BTC dated February 12, 2018, by the Ministry of Finance, guiding certain financial policies for the People's Credit Fund, the responsibilities of the State Bank of Vietnam are stipulated as follows:

- Periodically, every 6 months (before August 31) and annually (before April 30 of the following year), the State Bank of Vietnam is responsible for informing the Ministry of Finance about the financial status of the People's Credit Fund system as prescribed in Clause 2, Article 38 of Decree 93/2017/ND-CP, specifically according to the following criteria:

- The number of People's Credit Funds (specifying the number of People's Credit Funds that are losing money, the number of People's Credit Funds that are not losing money, the number of profitable People's Credit Funds);- Total profit; total loss;- Violations of financial policies by the People's Credit Funds detected during inspection and supervision (if any).

- Time for data finalization:

- For the 6-month report: From January 01 of the reporting period to the end of June 30 of the reporting period (excluding data reflected at specific points in time).- For the annual report: From January 01 of the reporting year to the end of December 31 of the reporting year (excluding data reflected at specific points in time).

- Reporting methods to be implemented in one of the following ways:

- Direct submission in paper form;- Submission via postal service in paper form;- Submission via email or reporting software system;- Other methods as prescribed by law.

For more details, refer to the regulations in Circular 84/2020/TT-BTC, effective from November 15, 2020.

Le Vy

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn