Vietnam: Responsibilities of specialized inspection advisory sections at General Departments in inspection of the financial sector

According to Article 12 of Decree No. 82/2012/NĐ-CP of Vietnam’s Government, specialized inspection advisory sections at General Departments, the Insurance Management and Supervision Department, Departments under General Departments, and Tax Sub-Departments are prescribed as follows:

- Specialized inspection advisory sections at General Departments (except the specialized inspection organization under the State Securities Commission defined in Article 27 of this Decree) shall be organized into Departments; into Divisions at the Insurance Management and Supervision Department and Departments under General Departments; or into Teams at Tax Sub-Departments.

- Advisory sections shall assist heads of agencies assigned to perform specialized inspection function to perform the following tasks:

+ To assume the prime responsibility for, and coordinate with related units and sections under their agencies in, formulation of inspection programs and plans, and submission to heads of their management agencies.

+ To perform inspection under plans; regular inspection; extraordinary inspection as assigned by heads of their agencies.

+ To settle complaints and denunciations and prevent and combat corruption under law as assigned.

+ To summarize, assess and report on results of specialized inspection; settle complaints, denunciations, and prevent, combat corruption.

+ To monitor, urge and examine the implementation of inspection conclusions, recommendations and handling decisions of heads of their agencies and heads of agencies assigned to conduct specialized inspection at their directly-lower level.

+ To handle according to their competence or propose competent state agencies to handle violations detected through inspection work.

+ To perform other tasks assigned by heads of their agencies and in accordance with provisions of law.

Moreover, the Minister of Finance shall specify tasks and powers of specialized inspection advisory sections under General Departments, the Insurance Management and Supervision Depart­ment, Departments under General Departments, and Tax Sub-Departments, except the State Securities Commission.

View more details at Decree No. 82/2012/NĐ-CP of Vietnam’s Government, effective from November 25, 2012.

Le Vy

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