Vietnam: Responsibilities of affiliates of the State Bank and credit institutions for statistical reports

According to Article 15 of the Circular No. 35/2015/TT-NHNN of the State Bank of Vietnam, responsibilities of Banking Supervision and Inspection Agencies, and Departments in conducting statistical reports are as follows:

1. Formulate reporting forms within their functions and responsibilities.

2. Formulate new reporting forms which are consistent with that of the Department of Monetary Statistics and Forecast in case of any request for amendment, supplement or issuance of new reporting within their functions and responsibilities. According to the necessity and viability of reporting forms needing amending, supplementing and issuing and the inspection, verification and application of reporting form conducted by Banking Supervision and Inspection Agencies and the Department of Monetary Statistics and Forecast shall cooperate with Information Technology Administration to request the State Bank to approve for issuance of new reporting forms .

3. Supervise, expedite, inspect and verify reported figures of the entire banking system of every credit institution.

4. Cooperate with the Department of Monetary Statistics and Forecast to provide training courses in making statistical reports and release guidelines on filling reporting forms.

5. Cooperate with the Department of Monetary Statistics and Forecast to instruct and timely reply issues related to the implementation of this Circular to reporting units within their responsibilities. In case the Governor of the State Bank has the Banking Supervision and Inspection Agencies instruct and explain issues within their profession and administration to reporting units, the Banking Supervision and Inspection Agencies shall concurrently submit instructional documents and explanations to the Department of Monetary Statistics and Forecast .

6. Supervise and expedite reporting units to submit their complete reports on due date; request the reporting unit to correct and resubmit their report in cases of incorrectness; cooperate with Information Technology Administration to inspect the submission through the electronic report submission system.

7. Prepare statistics of credit institutions that fail to submit or resubmit their reports by deadline and credit institutions that resubmit their reports on schedule to evaluate the observance of regulations on statistical reports promulgated hereof. Quarterly remark and assess the implementation of statistical report of reporting units within its administration and submit such statistics to the Department of Monetary Statistics and Forecast by the last working day of the first month of the following quarter.

8. Store and manage written statistical reports submitted by reporting units in accordance with current provisions of document reservation in the banking sector.

9. Cooperate with the Department of Monetary Statistics and Forecast, Banking Supervision and Inspection Agencies and Departments of Internal Audit to inspect the implementation of this Circular by relevant units.

View more details at the Circular No. 35/2015/TT-NHNN of the State Bank of Vietnam, effective from January 01, 2017.

Le Vy

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