New: 03 Principles for Issuing Policies for Periodic Reporting by the SBV

20:36, 10/07/2024

This is a matter of concern in Circular 09/2019/TT-NHNN issued by the Governor of the State Bank of Vietnam, stipulating the periodic reporting policies of the State Bank of Vietnam.

Currently, the periodic reporting policies of the State Bank of Vietnam (SBV) must include all the components specified in Clauses 1 to 9, Article 7 of Decree 09/2019/ND-CP, unless otherwise stipulated in the documents of the National Assembly, the Standing Committee of the National Assembly, the Government of Vietnam, the Prime Minister of the Government of Vietnam, and must specify the reporting units within the organizational structure of the SBV.

periodic reports, State Bank of Vietnam, principles

**03 principles for issuing periodic reporting policies of the State Bank of Vietnam are mentioned in Circular 09/2019/TT-NHNN as follows:

- Compliance with the principles stipulated in Article 5 of Decree 09/2019/ND-CP concerning the reporting policies of state administrative agencies.- Ensuring the requirements of administrative reform, necessary for management activities, without overlapping with other reporting policies, minimizing the frequency and content requirements of reports to save time, cost, and manpower in implementing reporting policies.- For each periodic reporting policy, each month, agencies, organizations, and individuals are only required to submit one of the following reports: monthly, quarterly, biannually, or annually. They must not be required to send the same report multiple times to multiple units within the State Bank of Vietnam.

See additional regulations in Circular 09/2019/TT-NHNN effective from September 16, 2019.

Thu Ba

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