Regulations on tasks and powers of the Inspectorate of the Ministry of Finance of Vietnam

According to Article 5 of Decree No. 82/2012/NĐ-CP of Vietnam’s Government, the Inspectorate of the Ministry of Finance has the tasks and powers defined in Article 18 of the Law on Inspection of Vietnam and the following tasks and powers:

- To elaborate and submit to the Minister of Finance for promulgation of the Guidance on Financial inspection plans.

- To examine and urge formulation and implementation of inspection programs and plans of agencies assigned to perform specialized inspection functions in the financial sector.

- To organize specialized inspection profession training for inspectors and civil servants assigned to perform specialized inspection tasks in the financial sector.

- To disseminate, guide, examine and urge General Departments and the Insurance Management and Supervision Department in implementation of the law provisions on inspection.

- To review and draw experiences from financial inspection work.

- Other tasks and powers as prescribed by law.

Moreover, Article 6 of Decree No. 82/2012/NĐ-CP also stipulates that the Chief Inspector of the Ministry of Finance performs the tasks and powers defined in Article 19 of the Law on Inspection of Vietnam and the following tasks and powers:

- To report within the ambit of his/her responsibilities on inspection work to the Minister of Finance and the Inspector General of the Government.

- To inspect responsibilities of heads of agencies and units managed by the Ministry of Finance in implementation of the law on inspection.

- To convoke civil servants and public employees of related agencies and units to participate in inspection activities.

- Other tasks and powers as prescribed by law.

View more details at Decree No. 82/2012/NĐ-CP of Vietnam’s Government, effective from November 25, 2012.

Le Vy

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