Vietnam: Conditions for dismissing a member of the Management Council of a public service provider in the field of Finance

Vo Ngoc Nhi

16:19, 15/02/2023

The Minister of Finance of Vietnam issued Circular 11/2023/TT-BTC dated February 9, 2023, guiding the Management Board and setting standards and conditions for the appointment and dismissal of members of the Management Board in public non-business units in the financial sector.

The Minister of Finance of Vietnam issued Circular 11/2023/TT-BTCdated February 9, 2023 guiding on the Management Board and standards and conditions for appointment and dismissal of members of the Management Board in public non-business units in the financial sector

According to Vietnam's Circular 11/2023/TT-BTC, the conditions for dismissing a member of the Management Board of a public employee are as follows:

- There is a written request from an individual to withdraw from being a member of the Management Board.

- Limited capacity for civil acts.

- Health is not capable of undertaking the assigned work, has been absent for more than 6 months, but the working capacity has not yet recovered.

- Being found guilty by a court and receiving a legally binding judgment.

- More than 50% of the total number of members of the Management Council make a written request for dismissal.

- A competent authority's retirement, severance, transfer to another job, or another job arrangement that is inconsistent with the provisions of Clauses 1 and 2 of Article 5 of Vietnam's Circular 11/2023/TT-BTC.

- Having 2 consecutive years classified as not completing the task.

- Other violations are specified in the organization and operation regulations of the unit, the operation regulations of the Management Board.

More details can be found in Vietnam's Circular 11/2023/TT-BTC effective from March 31, 2023.

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