Responsibility for organizing the banking sector emulation movement in Vietnam

Responsibility for organizing the banking sector emulation movement in Vietnam (Internet image)

Responsibility for organizing the banking sector emulation movement in Vietnam

The content is stipulated in Circular 25/2023/TT-NHNN regulating emulation and reward work in the banking sector, issued by the Governor of the State Bank of Vietnam.

The responsibilities for organizing the banking sector emulation movement in Vietnam are as follows:

1. The Governor of the State Bank launches, organizes, and directs the emulation movement in the banking sector. The Department of Personnel Organization is responsible for advising the Governor of the State Bank in launching, organizing, directing, and inspecting the implementation of emulation movements launched by the Governor of the State Bank.

2. Heads of units (heads of units under the State Bank; heads of credit institutions, Vietnam Deposit Insurance, enterprises managed by the State Bank; general directors of foreign bank branches; and general secretaries of associations managed by the State Bank) are responsible for launching emulation movements, organizing the implementation of emulation movements, and preparing preliminary and final summaries of emulation movements within their units.

3. The Head of the Emulation Block and Cluster is responsible for organizing the emulation launch, signing the emulation contract between units of the Emulation Block and Cluster, and sending the emulation contract signing to the State Bank.
(Department of Personnel Organization) no later than March 31; supervise the implementation of the emulation movement among units under the Block and Emulation Cluster; and organize preliminary and final reviews of the emulation movement. The targets, contents, and measures for organizing emulation must be approved by the Emulation Block and Cluster for unified implementation.

4. Party committees and unions at all levels in the banking sector coordinate closely with unit heads to direct the organization and implementation of emulation movements.

5. Media and press agencies in the banking sector propagate emulation and reward work; accurately reflect the results of the emulation movement and reward work; discover individuals and groups with outstanding achievements in the emulation movement to set an example or introduce them to the Emulation and Commendation Council at all levels for consideration and reward; popularize exemplary models of innovation, good people, and good deeds; fight and criticize violations of the law on emulation and commendation in the banking sector.

Regulations on initiatives in the banking sector in Vietnam

1. Initiatives in the banking sector (hereinafter referred to as initiatives) are new solutions created or improvements to previous solutions applied in the process of implementing tasks that bring practical benefits (economic efficiency or social benefits) and improve productivity, quality, and work efficiency that is replicable and recognized by competent authorities, including:

- Management solution is a way to organize and direct the work of the management subject to the management object to achieve certain goals in work;

- Technical solution is a technical way and means to solve a specific task;

- Operational solutions are advising and proposing methods to perform tasks to help management subjects solve tasks effectively;

- Advanced, scientific, technical, and new technology application solutions are methods, methods, and measures to apply known technical solutions to practical banking operations.

2. Scope of influence of the initiative

- Initiatives that are effective and capable of being replicated nationwide are new solutions created or improvements to previous solutions that, when applied in the banking sector, bring practical benefits with nationwide influence;

- The initiatives that are effective and replicable in the banking sector; are new solutions created or improvements to previous solutions, applied, and bring practical benefits with scope of influence in the banking sector;

- Initiatives that are effective and capable of being replicated at the grassroots level are new solutions that are created or improve previous solutions, are applied, and bring practical benefits with a scope of influence in the unit.

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