Results After Supervising the Operations of the Currency Printing Plant: How to Handle?

23:17, 10/07/2024

This is a noteworthy provision stipulated in Circular 26/2016/TT-NHNN issued by the State Bank of Vietnam on September 12, 2016.

Accordingly, Circular 26 stipulates that based on the results of supervision, the Department of Finance and Accounting, the Department of Personnel Organization, and the Department of Issuance and Treasury shall have the responsibility to:

- Review and promptly address within their jurisdiction any difficulties or obstacles related to the Factory's operations; create conditions for the Factory to achieve the approved production targets and plans;- Timely apply measures within their authority to rectify operations, monitor and expedite the implementation results of the Factory;- Recommend to the Governor to take action against the Chairman of the Members' Council, members of the Members' Council, General Director, and Controllers when they do not perform or inadequately perform information and reporting policies, do not comply or inadequately comply with the regulations of the State Bank and other legal violations;- Conduct inspections of the Factory as authorized under this Circular;- Report to the Governor for inspection when there are signs of legal violations or transfer the case files to the competent investigation authorities to prosecute criminal liability when there are signs of crime.

See details Circular 26/2016/TT-NHNN effective from October 24, 2016.

-Thao Uyen-

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