Vietnam: Reporting regime for guarantee for foreign loans on-lent by the Government

1. Periodic report:

- Before April 15 every year, the obligor shall be responsible for sending the review report on pledged assets revised by December 31 of the previous year to the Ministry of Finance (if the Ministry of Finance is directly carrying out on-lending) enclosing the confirmation provided by the independent auditing company by completing the form given in Appendix 4 or Appendix 5 hereof, or to the on-lending agency or the organization acting on behalf of the Ministry of Finance to perform loan guarantee operations (if the Ministry of Finance grants authorization) by completing the form stipulated by the on-lending agency or the organization acting on behalf of the Ministry of Finance to perform loan guarantee operations.

- Before April 30 every year, the Ministry of Finance (if the Ministry of Finance is directly carrying out on-lending) or the on-lending agency or the organization acting on behalf of the Ministry of Finance to perform loan guarantee operations (if the Ministry of Finance grants authorization) shall be responsible for sending the Ministry of Finance the general report to review pledged assets managed under their delegated authority by December 31 of the previous year which is categorized by specific projects and funding sources by adopting the form given in Appendix 5 or Appendix 6 hereof.

2. Ad-hoc report:

Whenever necessary or when the value of pledged asset have been changed as against the latest report, the obligor shall be responsible for reporting to the Ministry of Finance (if the Ministry of Finance is directly carrying out on-lending) or the on-lending agency or the organization acting on behalf of the Ministry of Finance to perform loan guarantee operations (if the Ministry of Finance grants authorization) on changes regarding pledged assets according to the form given in Appendix 5 or Appendix 6 hereof.

View more details at Circular No. 139/2015/TT-BTC of the Ministry of Finance of Vietnam, effective from November 01, 2015.

- Ngoc Duyen -

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