Regulations on the organizational structure of the Department of Debt Management and External Finance in Vietnam

Regulations on the organizational structure of the Department of Debt Management and External Finance in Vietnam (Internet image)

Regarding this issue, LawNet answers as follows:

Which Ministry does the Department of Debt Management and External Finance belong to?

Department of Debt Management and External Finance is an organization under the Ministry of Finance, with the function of helping the Minister of Finance unify state management of borrowing and repayment of debt from the Government, local authorities, and debt guaranteed by the Government (hereinafter referred to as "public debt"); State financial management of foreign aid sources and international organizations for Vietnam; loans and aid from the State and Government of Vietnam to foreign countries; performing the role of representative of the Government and State of the Socialist Republic of Vietnam in financial relations with foreign countries and international financial organizations; acting as a focal point to organize the implementation of national credit ratings with international credit rating organizations.

Thus, the Department of Debt Management and External Finance is an organization under the Ministry of Finance.

(Article 1 of Decision 988/QD-BTC 2019)

Regulations on the organizational structure of the Department of Debt Management and External Finance in Vietnam

The organizational structure of the Department of Debt Management and External Finance is prescribed as follows:

(1) The Department of Debt Management and External Finance is organized into 9 departments, including:

- Department Office;

- Planning and Risk Management Department;

- Debt Accounting and Statistics Department;

- Central Project Management Department;

- Local Project Management Department;

- Debt Management Department for Foreign Governments (hereinafter referred to as the Bilateral Debt Management Department);

- Debt Management Department for multilateral international financial institutions (hereinafter referred to as the Multilateral Debt Management Department);

- Government Guarantee and Commercial Loan Management Department;

- Aid Management Department.

The specific tasks of the Department's Office and departments under the Department are prescribed by the Director of the Department of Debt Management and External Finance.

(2) The Department of Debt Management and External Finance works according to a departmental organization combined with a specialist regime. For work performed under the specialist regime, the Director of the Department of Debt Management and External Finance assigns tasks to civil servants in accordance with their titles, standards, and professional capabilities to ensure the completion of assigned tasks.

(3) The Department of Debt Management and External Finance is allowed to organize the accounting apparatus and arrange accountants to perform the accounting work of the Government's foreign debt, accounting for the Accumulated Debt Repayment Fund at the Debt Accounting and Statistics Department and accounting for budget-using units at the Department's Office according to the provisions of law and the Ministry of Finance.

(4) The payroll of the Department of Debt Management and External Finance is decided by the Minister of Finance.

(Article 3 of Decision 988/QD-BTC 2019)

Duties and powers of the Department of Debt Management and External Finance in government guarantee management in Vietnam

In the management of government guarantees, the Department of Debt Management and External Finance has the following tasks and powers:

- Preside and coordinate with relevant units to develop a 5-year Government guarantee limit and annually report to the Minister of Finance for submission to the Government for decision;

- Presiding over the appraisal of policy proposals and government guarantees for loans and bond issuance by enterprises; Participate in comments on loan agreements and bond issuance plans of enterprises; Recommend the granting and organization of Government guarantees for loans and bond issuance by enterprises according to the provisions of law on the granting and management of Government guarantees;

Coordinate with the Department of Finance of banks and financial institutions to organize appraisals of policy proposals and government guarantees for bond issuance plans of policy banks;

- Implement Government guarantees according to the Prime Minister's decision; Supervise the implementation of the annual Government guarantee limit, including the government-guaranteed bond issuance limit of the Vietnam Development Bank and the Bank for Social Policies, according to the provisions of the law on granting and managing Government guarantees;

- Preside and coordinate with relevant units inside and outside the Ministry of Finance to propose financial handling mechanisms for loans and bond issuances guaranteed by the Government that have difficulty repaying debt according to the regulations of the Law.

(Point 2.3 Clause 2 Article 2 of Decision 988/QD-BTC 2019)

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