Vietnam: Preservation of assets at transaction counters and in vaults

According to Circular No. 01/2014/TT-NHNN of the State Bank of Vietnam, cash, precious assets, and valuable papers at the transaction counter must be arranged and preserved in the vault. To be specific:

- At the end of daily working hours, entire cash, precious assets and valuable papers must be preserved in vaults.

+ Directors of Transaction centers, Directors of the State Bank’s branches shall stipulate in writing the safe preservation of cash, precious assets and valuable papers during lunch break (if any) at their units.

+ Credit institutions, branches of foreign banks shall stipulate in writing the safe preservation of cash, precious assets and valuable papers during lunch break (if any) within their systems.

- All types of assets preserved in vaults must be classified, tallied, packed, sealed and arranged neatly and scientifically.

- In the State Bank’s vaults, cash, precious assets and valuable papers must be packed and sealed in compliance with provisions and arranged separately at each zone or each space of vaults.

- Credit institutions, branches of foreign banks shall be responsible for promulgating regulations and guiding the implementation of the safe preservation of cash, precious assets and valuable papers within their systems and have necessary measures to strengthen the assurance of absolute safety for assets.

View more relevant provisions at Circular No. 01/2014/TT-NHNN of the State Bank of Vietnam, effective from February 20, 2014.

Thu Ba

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE