What are responsibilities of the ministries in providing information to the State Bank of Vietnam?

Below is the noteworthy content in Decree 82/2007/ND-CP regulating the provision of information for the formulation and implementation of national monetary policy in Vietnam.

Ministries  are  responsible  for  providing  information,  Decree  82/2007/ND-CP

What are responsibilities of the ministries in providing information to the State Bank of Vietnam?​ (Illustrative image)

According to Clause 2, Article 8 of Decree 82/2007/ND-CP, the ministries are responsible for providing information to the State Bank of Vietnam as follows:

1. The Ministry of Planning and Investment of Vietnam is responsible for providing information on:

- Guidelines, policies, and strategies for Vietnam's socio-economic development in each period; short-term and long-term economic development plans; plans and status of foreign investment in Vietnam, Vietnam's investment abroad; overall social capital investment plans;

- Short-term and long-term fiscal policies; short-term and long-term state budget revenue-expenditure plans; short-term and long-term capital mobilization plans of the state budget from domestic and international markets; monthly and yearly state budget revenue-expenditure situations;

- Overall social capital investment plans and price index information. (Appendices I, II attached to this Decree)

2. The Ministry of Finance of Vietnam is responsible for providing information on:

- Short-term and long-term fiscal policies; short-term and long-term state budget revenue-expenditure plans; short-term and long-term capital mobilization plans of the state budget from domestic and international markets; monthly and yearly state budget revenue-expenditure situations;

- The quantity and value of listed securities, transactions, custody, and brokerage on a monthly, quarterly, and yearly basis;

- Overall social capital investment plans. (Appendix I attached to this Decree)

3. The Ministry of Labor, War Invalids and Social Affairs of Vietnam is responsible for providing information on labor policies, labor market situations, and unemployment on a quarterly and yearly basis.

In addition, non-credit institutions in Vietnam are responsible for providing information on asset-liability reports on a monthly, quarterly, and yearly basis and other information as requested by the State Bank, and information on the asset-liability situation of non-credit institutions to the State Bank.

For details, refer to the Decree 82/2007/ND-CP, effective July 1, 2007.

Ty Na

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