Organizational Structure of the Banking Inspection and Supervision Agency under the State Bank of Vietnam

Organizational Structure of the Banking Inspection and Supervision Agency under the State Bank of Vietnam

The organizational structure of the Banking Inspection and Supervision Agency under the State Bank of Vietnam includes:

- Administrative Inspection Department (abbreviated as Department I).

- Banking Operations Safety Policy Department (abbreviated as Department II).

- Office.

- Banking Inspection and Supervision Department I (abbreviated as Department I).

- Banking Inspection and Supervision Department II (abbreviated as Department II).

- Banking Inspection and Supervision Department III (abbreviated as Department III).

- Credit Institutions System Safety Supervision Department (abbreviated as Department IV).

The Head of the Banking Inspection and Supervision Department has the authority to issue inspection decisions for the assigned banking inspection subjects (excluding inspections decided by the Chief Inspector and Supervisor of the Banking sector as stipulated by the law regarding the organization and activities of the Banking Inspection and Supervision), fulfilling the duties and exercising the rights of the decision issuer, and imposing administrative penalties according to legal regulations.

The Governor of the State Bank of Vietnam shall prescribe the functions, duties, authorities, and organizational structure of the units under the Banking Inspection and Supervision Agency.

Leadership of the Banking Inspection and Supervision Agency Under the State Bank of Vietnam

- The Banking Inspection and Supervision Agency has a Chief Inspector and Supervisor of the Banking sector and no more than 04 Deputy Chief Inspectors and Supervisors of the Banking sector.

- The Chief Inspector and Supervisor of the Banking sector is appointed, dismissed, relieved from duty, transferred, rotated, or seconded by the Governor of the State Bank after consulting with the Chief Inspector of the Government of Vietnam.

The Governor of the State Bank appoints, dismisses, or relieves Deputy Chief Inspectors and Supervisors of the Banking sector upon the recommendation of the Chief Inspector and Supervisor of the Banking sector and in accordance with legal provisions.

- The Chief Inspector and Supervisor of the Banking sector is responsible to the Governor of the State Bank and the law for all activities of the Banking Inspection and Supervision Agency; Deputy Chief Inspectors and Supervisors of the Banking sector are responsible to the Chief Inspector and Supervisor of the Banking sector and the law for the specific areas of work they are assigned to oversee.

- The Chief Inspector and Supervisor of the Banking sector performs duties and exercises authority in accordance with the laws on the organization and operations of the Banking Inspection and Supervision sector; the duties and authority of Chief Inspectors of ministries and ministerial-level agencies as per the legal provisions on inspection and other related legal regulations.

Decision 18/2024/QD-TTg takes effect from January 5, 2025, and replaces Decision 20/2019/QD-TTg.

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