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Vietnam: Procedures for appointment of chief accountants in regulatory agencies

Thủy Phú

11:04, 13/04/2018

Circular No. 04/2018/TT-BNV of the Ministry of Home Affairs of Vietnam provides guidelines for the power, procedures, deadline, applications for appointment, reappointment, engagement, dismissal, replacement, and responsibility allowance for chief accountants, replacesJoint Circular No. 163/2013/TTLT-BTC-BNV.

According to Circular No. 04/2018/TT-BNV of the Ministry of Home Affairs of Vietnam, the head of the accounting unit shall send an appointment application to the competent authority in the following cases:

- In case of accounting units affiliated to agencies in charge of revenues and expenditures of the state budget: The Minister of Finance or authorities competent to appoint deputy heads of such units shall have the power to appoint chief accountants;

- In case of regulatory agencies; public sector entities; budget-using units having accounting apparatus: the following entities shall have the power to appoint chief accountants:

+ Ministers, Heads of ministerial-level agencies, or Heads of Governmental agencies;

+ Presidents of People’s Committees of provinces and central-affiliated cities, Presidents of People’s Committees of districts. The home affairs agency shall take charge and cooperate with the finance agency at the same administrative level to verify the appointment application, then forward it to the President of People’s Committee for consideration in this case.

+ Authorities competent to appoint deputy heads of units.

View detailed application for appointment at Circular No. 04/2018/TT-BNV of the Ministry of Home Affairs of Vietnam, effective from May 15, 2018.

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