Quyết định 29/2006/QD-NHNN

Decision No. 29/2006/QD-NHNN of July 10, 2006, on the amendment, supplement, cancellation of some accounts in the accounts system of credit institutions issued in conjunction with the Decision No. 479/2004/QD-NHNN dated 29 April 2004 and the Decision No. 807/2005/QD-NHNN dated 1/6/2005 of the Governor of the State Bank

Decision No. 29/2006/QD-NHNN of July 10, 2006, on the amendment, supplement, cancellation of some accounts in the accounts system of credit institutions issued in conjunction with the Decision No. 479/2004/QD-NHNN dated 29 April 2004 and the Decision No. 807/2005/QD-NHNN dated 1/6/2005 of the Governor of the State Bank đã được thay thế bởi Circular No. 10/2014/TT-NHNN amendment supplement the Decision No. 479/2004/QD-NHNN và được áp dụng kể từ ngày 01/06/2014.

Nội dung toàn văn Decision No. 29/2006/QD-NHNN of July 10, 2006, on the amendment, supplement, cancellation of some accounts in the accounts system of credit institutions issued in conjunction with the Decision No. 479/2004/QD-NHNN dated 29 April 2004 and the Decision No. 807/2005/QD-NHNN dated 1/6/2005 of the Governor of the State Bank


THE STATE BANK OF VIETNAM
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SOCIALIST REPUBLIC OF VIETNAM
Independence- Freedom – Happiness
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No. 29/2006/QD-NHNN

Hanoi, July 10, 2006

 

DECISION

ON THE AMENDMENT, SUPPLEMENT, CANCELLATION OF SOME ACCOUNTS IN THE ACCOUNTS SYSTEM OF CREDIT INSTITUTIONS ISSUED IN CONJUNCTION WITH THE DECISION NO. 479/2004/QD-NHNN DATED 29 APRIL 2004 AND THE DECISION NO. 807/2005/QD-NHNN DATED 1/6/2005 OF THE GOVERNOR OF THE STATE BANK

THE GOVERNOR OF THE STATE BANK

- Pursuant to the Law on the State Bank of Vietnam issued in 1997 and the Law on the amendment, supplement of several Articles of the Law on the State Bank of Vietnam issued in 2003;
- Pursuant to the Law on Credit Institutions issued in 1997 and the Law on the amendment, supplement of several Articles of the Law on Credit Institutions issued in 2004;
- Pursuant to the Law on Accounting issued in 2003;
- Pursuant to the Decree No. 52/2003/ND-CP dated 19 May 2003 of the Government providing for the function, assignment, authority and organizational structure of the State Bank of Vietnam;
- Being approved of the amendment, supplement of the Accounts System of credit institutions in the Official Dispatch No. 8177/BTC-CDKT dated 3 July 2006 of the Ministry of Finance.
- Upon the proposal of the Director of the Finance - Accounting Department,

DECIDES:

Article 1. To cancel some accounts in the accounts System of credit institutions (CIs) issued in conjunction with the Decision No. 479/2004/QD-NHNN dated 29/4/2004 and the Decision No. 807/2005/QD-NHNN dated 1 June 2005 of the Governor of the State Bank as follows:

1. Account 15

2. Account 399

3. Account 472

4. Account 479

5. Account 561

- Investment securities;

- Provisions for risk of interest receivable

- Purchase, sale of foreign currency from other sources

- Conversion of foreign currency for domestic payment

- Conversion of foreign currency for payment

Article 2. To amend, supplement name and accounting content of some accounts in the accounts System of CIs issued in conjunction with the Decision No. 479/2004/QD-NHNN dated 29 April 2004 of the Governor of the State Bank as follows:

1. To amend point 7, Section I - General provisions as follows:

“7. The concepts “domestic” and “foreign” stipulated in this accounts System of credit institutions shall be construed in line with the concepts “resident” and “non-resident” as provided for in the Ordinance on foreign exchange No. 28/2005/PL-UBTVQH11dated 13/12/2005.

2. To amend the accounting contents of Account 1011 - Cash at unit, the part “detailed accounting” as follows:

Detailed accounting:

To open 02 detailed accounts:

- Cash already tallied and counted
- Cash collected under sealed bags

3. To amend Account 105 - Precious metal, precious stone as follows:

“Account 105- Precious metal, precious stone”

This account shall be used to record the value of precious metal, precious stone of CIs

The accounting of this account shall be implemented under following provisions:

1. CIs must distinguish monetary gold from non-monetary gold

- Monetary gold (belonging to the currency item) means foreign exchange in accordance with provisions in point d, Paragraph 1 Article 4 of the Ordinance on Foreign Exchange No.28/2005/PL-UBTVQH11 dated 13/12/2005, or gold of international standard (means mass gold, bar gold, piece gold, leaf gold with seal of quality and weight verification, trademark of an international gold manufacturer or domestic gold manufacturer which is internationally acknowledged).

Monetary gold is considered as a type of foreign currency and is a reserved asset for international payment.

- Non-monetary gold (belonging to the non-currency item) is the gold which is purchased for the purpose of processing, creation for jewelry making. Non-monetary gold is considered as a type of common materials, goods.

2. Detailed accounting, general accounting in respect of account “monetary gold” are similar to the accounting of foreign currency account. For the operation of sale, purchase and derivation of monetary gold, accountants shall use accounts of sale, purchase and derivation of foreign currency for accounting (considering gold as a type of foreign currency).

3. Accounting in respect of account “non-monetary gold” under the basis price, specifically as follows:

- Value of non-monetary gold upon store-in and store-out shall be calculated under the real buying price. In the event where non-monetary gold to be stored in is purchased at different buying prices, the value of non-monetary gold upon store-out shall be accounted at the average buying price of the in-stock non-monetary gold

- In respect of credit institutions, which have full conditions for organizing the accounting, following up and preservation of the in-stock non-monetary gold at different buying prices, the accountants may apply the method for accounting the value of non-monetary gold stored out at its real buying price.

- The consumption of non-monetary gold shall use Account 478 – Consumption of gold, silver and precious stones.

4. In respect of the detailed accounting of gold, CIs shall account both value and volume of gold, which is stored in, stored out, in stock. Upon making accounting report, value of gold shall be converted into Vietnamese dong under the stipulated exchange rate.

Account 105 – Precious metal, precious stone consists of following level III accounts:

1051 – Gold at the unit

1052 – Gold at units which perform book-entry accounting

1053 – Gold carried away for processing, creation

1054 – Precious metal, precious stone in transport

1058 – Other precious metals, precious stones

Account 1051 – Gold at the unit

This account is used for accounting the gold value of the CI

Debit:

- Value of gold stored in

Credit:

- Value of gold stored out

Debit balance:

- To reflect the value of in-stock gold at the unit

Detailed accounting:

- To open detailed accounts by monetary gold and non-monetary gold.

Account 1052 – Gold at units which perform book entry accounting

Debit:

- Value of gold supplied to the treasury of unit performing book entry accounting.
- Value of gold received by the unit that performs book entry accounting

Credit:

- Value of gold the unit performing book entry accounting returns to the unit in charge
- Value of gold spent by the unit that performs book entry accounting

Debit balance:

- Value of gold in stock of the unit performing the book entry accounting

Detailed accounting:

- To open detailed accounts by each unit that performs the book entry accounting

This account is used for following up the value of gold in the treasury of units which perform book entry accounting  (do not have their own balance sheet).

Account 1053 – Gold carried away for processing, creation

This account is used for following up the value of gold stored out for processing, creation of the CI.

Debit:

- Value of the gold stored out for processing, creation

Credit:

- Value of the gold carried away for processing, creation which has been stored in again

Debit balance:

- To reflect the value of gold carried away for processing, creation

Detailed accounting:

- To open 01 detailed account

Account 1054 – Precious metals, precious stones in transport

This account is used for accounting value of precious metals, precious stones stored out to deliver to other units and being in transport. Cases of direct delivery and receipt shall not be accounted to this account.

Debit:

- Value of precious metals, precious stones stored out to deliver to receiving units.

Credit:

- Value of precious metals, precious stones which have been delivered to the receiving unit (Basing on the Minutes of delivery and receipt or the written Notice to perform accounting).

Debit balance:

- Value of precious metals, precious stones delivered to units and being in transport

Detailed accounting:

- To open detailed accounts by each unit receiving precious metals, precious stones

Account 1058 – Other precious metals, precious stones

This account is used for accounting the value of precious metals, precious stones of the CI.

Accounting contents on this account are similar to those on the Account 1051 – Gold at the unit.

Detailed accounting: - To open detailed accounts by each type of precious metals, precious stones”.

4. To change the name of the Account 13 – “Deposits in other CIs” into “Money, gold deposited in other CIs”.

5. To amend Account 14 – Business securities as follows:

“Account 14 – Business securities

Account 14- Business securities consists of following level II accounts:

Account 141 – Debit Securities

Account 142 – Capital Securities

Account 148 – Other business securities

Account 149 – Provisions for the fall of securities price

Accounting content of accounts:

Account 141 – Debit Securities

Account 142 – Capital Securities

Account 148 – Other business securities

These accounts are used for reflecting the value of securities which are purchased, sold by credit institutions to enjoy price difference.

The accounting of these accounts shall be performed in accordance with following provisions:

1. Business securities are accounted at actual purchase price of securities (original price), including the purchase price plus (+) purchase related expenses (if any).

2. Interests of securities received during the time of securities holding shall be recorded to the  interests income.

3. In the event of the sale and transfer of securities made by the CI, the Credit of this account should state the actual price that has been accounted previously when this type of securities is purchased (for settlement purpose), not the actual receipt. The difference between the actual receipt and the amount credited to this account is recorded to the business result (account: “Receipts from the sale/purchase of securities”, in case of profit, or account: “Expenditures on the sale/purchase of securities”, in case of loss).

4. At the closing time of the accounting book for the preparation of financial statements, accountants should, basing on the change of securities prices, set up provisions or return provisions for the fall of securities price for the securities not yet sold at the closing time.

5. If it is permitted by the Vietnamese accounting standards or financial regime: securities shall be periodically revalued at the market price, whenever financial statements are made. All profits, losses that arise but have not yet been realized shall be recorded to income from or expenditures on securities trading (stated in the business result report).

Debit:

- Value of securities purchased by the credit institution

Credit:

- Value of securities sold by the credit institution.
- Value of securities to be paid

Debit balance:

- To reflect value of securities being managed by the credit institution.

Detailed accounting:

- To open by group of terms for Debit securities
- To open by type of securities for Capital securities.

Account 141 – Debit securities

This account is used for following up types of Debit securities. Debit securities are those of which the issuer must make binding commitments with the securities holder under specific conditions on the repayment term of principals, interests…

This account consists of  following level III accounts:

Account 1411 – Government’s securities

Account 1412 – Securities issued by other domestic CIs

Account 1413 – Securities issued by domestic economic organizations

Account 1414 – Foreign securities

Account 142 – Capital securities

This account is used for accounting shares (either common shares or preference shares) purchased and sold by credit institutions in the market to enjoy price difference without any purpose of holding as a long term investor.

Capital securities are a type of securities which set up ownership of the securities holder for an enterprise. Thereby, capital securities present a part of assets over the total assets of an enterprise after the performance of entire debt obligations, such as: common shares, some other preference shares…

This account shall have following level III accounts:

Account 1421 – Securities issued by other domestic CIs

Account 1422 – Securities issued by domestic economic organizations

Account 1423 – Foreign securities

Account 148 – Other business securities

This account is used for following up other types of business securities other than types of securities as mentioned above.

Account 149 – Provisions for the fall of securities price

This account is used for reflecting the setting up, settlement and return of provisions for the fall of business securities price of the Credit institution.

Provisions for the fall of securities price are set up for providing against the fall of investments in securities in order to acknowledge in advance losses that may arise due to objective reasons.

The accounting on this account shall be performed in accordance with following provisions:

1. The setting up of provisions is performed in accordance with current provisions on the setting up and use of provisions.

2. If the provisions to be set up of the current year is higher than those stated on the accounting book, the difference thereof shall be recorded to the expense in the period. If the provisions to be set up of the current year is lower than those of previous year which have not been used up, the difference thereof shall be acknowledged as expense decrease. In case where the balance on the expense account is less than the provisions to be returned, the accountants shall return the remaining amount to the income account.

3. Conditions for setting up provisions for the fall of securities price:

- Securities are traded in compliance with current provisions of applicable laws.

- To be entitled to freely purchase, sell in the market and the market price decreases in comparison with the original price stated in the accounting book at the time of inventory, preparation of financial statement.

- Securities which are not freely purchased and sold in the market shall not be set up provisions.

Credit:

- Setting up provisions for the fall of securities price (the amount set up in the first time and the difference of the provisions to be set up in the current period that is higher than the amount set up at the end of the previous period).

Debit:

- To return the provisions for the fall of price

Credit balance:

- To reflect the value of provisions for the fall of securities price

Detailed accounting:

- To open 01 detailed account.

6. To supplement to the accounting contents on the Account 27 – Other credit facility for domestic economic organizations, individuals as follows:

“In case of arising other credit operations in foreign currency for domestic economic organizations, individuals, CIs shall be permitted to use this account for accounting, but, in the notes to the financial statement in VND, it is required to clearly distinguish outstanding loans in foreign currency from outstanding loans in Vietnamese dong on this account”.

7. To abolish the phrase: “In respect of fixed assets pending for liquidation decision, as from the time where the fixed assets stop operating, the amortization deduction shall be stopped” in the accounting contents of the Account 305- Amortization of fixed assets.

8. To amend account 34 – Capital contribution, investment in share purchase as follows:

“Account 34 – Capital contribution, long term investment

This account is used for reflecting the value and changes of the capital contributions, long term investments of the Credit Institution.

Accounting on this account includes: Investments in subsidiary companies, capital contributions for joint venture to co-controlling business establishments, capital contributions to aligned companies and other long term investments which have not been listed yet in securities market (in the event where a long term investment has been listed in the securities market, it shall be accounted on the account 15 – Investment securities available for sale).

Account 34 consists of following level II, III accounts:

341 – Investment in subsidiary companies in VND

342 – Capital contribution to joint venture in VND

3421 – Capital contribution to joint venture with other CIs

3422 – Capital contribution to joint venture with economic organizations

343 – Investment in aligned companies in VND

344 – Other long term investments in VND

345 – Investment in subsidiary companies in foreign currency

346 – Capital contribution to joint venture in foreign currency

3461 – Capital contribution to joint venture with other CIs

3462 – Capital contribution to joint venture with economic organizations

347 – Investment in aligned companies in foreign currency

348 – Other long term investments in foreign currency

349 – Provisions for the fall of long term investment’s price

Account 341 – Investment in subsidiary companies in VND

Account 345 – Investment in subsidiary companies in foreign currency

This account is used for reflecting the current value and changes of the direct capital investment in subsidiary companies. Subsidiary companies are enterprises which are subject to the control of the CI.

Accounting on this account should be in compliance with Vietnam Accounting Standards (VAS) No.225 – Unified Financial Statement and accounting of the investment to the subsidiary companies and following provisions:

1. The accounting shall be only made on these accounts when the CI holds over 50% of the owner capital (holds over 50% of the voting right), has the right to govern financial policies and activities of the enterprise thereof. Where the CI has no controlling right for the enterprise, the accountants shall state as decrease in the investment in subsidiary company on these accounts.

2. Following cases, investments in subsidiary companies keep being acknowledged when the CI holds less than 50% of the owner capital (less than 50% of the voting right) at the subsidiary companies, but has made other commitments:

a. Other investors agree on reserving the CI over 50% of the voting right.

b. The CI is entitled to govern financial policies and activities of the subsidiary company upon agreement.

c. The CI is entitled to appoint or dismiss the majority of members of the Board of Directors or relevant management level.

d. The CI is entitled to cast the majority of votes at the meetings of the Board of Directors or relevant management level.

3. Investment capital in subsidiary company must be reflected under the original price, including the purchase price plus (+) purchase related expenses (if any), such as: expenses for the brokerage, transaction, charges, taxes and banking fee…

4. The accounting of economic operations arising in the business merger of the enterprise which is determined as the purchasing party in the case of business merger, resulting in a parent company-subsidiary company relation shall be performed in accordance with VAS No.11 “Business merger” and the guiding Circular of this Standard.

5. Accountants should open detailed book to follow up the investment in subsidiary company at the face value, real purchasing price of the share, real expense invested in the subsidiary company.

6. Receipts (dividends, business interest) of the fiscal year of the subsidiary company shall be sufficiently, timely accounted into the own financial statement of the parent company. Dividends, profits distributed from the subsidiary company shall be accounted to the Account 78 “Income from capital contribution, share purchase”.

7. Where the capital contribution, investment in subsidiary company are made in  foreign currency, the CI must convert it into the currency unit stated in the accounting book under the exchange rate which is announced by the State Bank at the time of capital contribution. The CI shall not be permitted to revaluate the contributed capital for share purchase, including the case of price difference, to state the contributed capital as decrease/increase.

Debit:

- Real value of the investment in the subsidiary company increases.

Credit:

- Real value of the investment in the subsidiary company decreases

Debit balance:

- Current real value of the investment in the subsidiary company.

Detailed accounting:

- To open detailed accounts for each subsidiary company.

Account 342 – Capital contribution to joint venture in VND

Account 346 – Capital contribution to joint venture in foreign currency.

This account is used for reflecting the entire contributed capital to joint venture in the form of setting up a co-controlling business establishment and the recovery of the contributed capital to joint venture upon the completion of the joint venture contract.

Co-controlling business establishment, which is established by joint venture capital contributing parties, is a newly established business establishment, operates independently as an enterprise but is controlled by joint venture parties in accordance with the joint venture contract. The co-controlling business establishment must organize performance of its own accounting in accordance with provisions of current laws on accounting like other enterprises.

Contributed capital to co-controlling business establishment includes all of the assets, materials, capital subject to the ownership of the enterprise, including the long term loans which are used for the capital contribution.

The accounting on this account must be performed in accordance with VAS No.08 – Financial information about the contributed capital to joint venture and following provisions:

1. The investment in the joint venture company shall be accounted on this account when the CI has the right to carry out the co-control over financial policies and activities of the invested unit. Where the CI is not entitled to co-control, the investment in above co-controlling business establishment shall be stated as decrease on these accounts.

2. Capital contribution to a joint venture shall be performed under 3 forms: Co-controlling business activity, Co-controlling assets and co-controlling business establishment (in accordance with VAS No.08 “Financial information about the contributed capital to joint venture”). Accounts 342, 346 shall only be used for performing the accounting of the joint venture capital contributions to the co-controlling business establishment, not applicable to the co-controlling business activity and co-controlling assets.

3. Value of the contributed capital to the co-controlling business establishment reflected on this account must be the value of contributed capital which is unanimously assessed and approved by the joint venture parties in the capital contribution minutes.

4. Where the capital contribution to a joint venture is made in materials, commodities:

- If the revaluated price of materials, commodities is higher than the value stated in accounting book at the time of capital contribution, the difference thereof shall be settled as follows:

+ Where the difference amount between the revaluated price of materials, commodities, which is confirmed as contributed capital, is higher than the value stated in the accounting book, it shall be at once accounted to “Other incomes” in the period and respective to the interests of other parties in the joint venture.

+ Where the difference amount between the revaluated price of materials, commodities, which is confirmed as contributed capital, is higher than the value stated in the accounting book and respective to their interests in the joint venture, it shall be acknowledged as non-performed revenue (Account 488 – Revenue pending allocation). When the co-controlling business establishment sells the materials and commodities to an independent third party, this non-performed revenue shall be carried over to other incomes.

- If the revaluated price of materials, commodities is lower than the value stated in the accounting book at the time of capital contribution, the difference thereof shall be acknowledged to “Other expenses” in the period.

5. Where the capital contribution to joint venture is made in fixed assets

- If the revaluated price of the fixed assets is higher than the remaining value stated in the accounting book at the time of capital contribution, the difference thereof shall be settled as follows:

+ The difference between the revaluated price that is higher than the remaining value of fixed assets, which is respective to the interests of other parties in the joint venture, shall be accounted to “other incomes”

+ The difference between the revaluated price that is higher than the remaining value of the fixed assets, which is respective to their interests in the joint venture, shall be delayed and acknowledged as “non-performed revenue (Revenue pending allocation)”. Annually, this non-performed revenue (interest from the revaluation of fixed assets which are used for the joint venture capital contribution), shall be gradually allocated to “other incomes” basing on the useful time of the fixed assets used by the co-controlling business establishment.

- If the revaluated price of fixed assets is lower than the remaining value stated in the accounting book at the time of capital contribution, the difference thereof shall be charged to “Other expenses” in the period.

6. Upon the recovery of contributed capital to the joint venture, basing on the value of materials, assets and money returned by the co-controlling business establishment, to make decrease accounting of the contributed capital. Any damage caused by the insufficient recovery of the contributed capital shall be acknowledged as an expense for the business activity of the CI. If the recovered value is higher than the contributed capital, this interest amount shall be acknowledged as income from the capital contribution, share purchase.

7. Profit from the investment in joint venture capital contribution to the co-controlling business establishment shall be the income from the capital contribution, long term investment and accounted to the Credit of the Account 78 “Capital contribution, share purchase”.

8. Parties contributing capital to the co-controlling business establishment shall have the right to transfer the value of their contributed capital in the joint venture. In the event where the transferred value is higher than the contributed capital in the co-controlling business establishment, the interest difference due to the transfer of capital shall be reflected in the Credit of the Account “Other incomes”. In contrary, if the transferred value is lower than the contributed capital, the loss difference due to the capital transfer shall be reflected in the Debit of the Account “Other expenses”.

9. Co-controlling business establishment shall not be permitted to acknowledge arising expenses relating to the transfer of the contributed capital of joint venture parties. Accountants shall only follow up in details the source of contributed capital and complete procedures for changing the owner on the business registration certificate or the investment license.

10. Parties to the joint venture or other partners repurchase the contributed capital from other parties in the joint venture, the contributed capital to the joint venture thereof shall be reflected under the actual buying price.

11. Where the capital contribution, investment in co-controlling business establishment are made in foreign currency, the CI must convert it into the currency unit stated in the accounting book under the exchange rate which is announced by the State Bank at the time of capital contribution. The CI shall not be permitted to revaluate the contributed capital to joint venture, including the case of exchange rate difference, to state the contributed capital as decrease/increase

Debit:

- Amount of joint venture capital already contributed to co-controlling business establishment increasing.

Credit:

- Amount of joint venture capital already contributed to co-controlling business establishment decreasing due to the recovery, transfer, due to the co-controlling right has expired.

Debit balance:

:- Amount of joint venture capital contributed to the co-controlling business establishment remaining at the end of period of the CI.

Detailed accounting:

- To open detailed accounts for each co-controlling business establishment.

Account 343 – Investment in aligned company in VND

Account 347 – Investment in aligned company in foreign currency

These accounts are used for reflecting the value of the direct investment of the investor in an aligned company and the increase, decrease of the value of the investment amount in the aligned company. The investment amount shall be determined as an investment amount in aligned company where the investor directly holds from 20% to under 50% of the owner capital (from 20% to less than 50% of the voting right) of the invested party without any other agreement.

The accounting to this account must be performed in accordance with Vietnam Accounting Standard No.07 – Accounting of investments in aligned company and following provisions:

1. The investment in aligned companies must be performed in compliance with current provisions of the State Bank on the prudential ratio in the operation of the CIs.

2. The accounting of the investment in aligned companies upon the preparation and presentation of the own financial statement of the investor shall be performed under the method of original price. At the accounting of the investments in aligned companies under the method of original price, the value of the investment shall be unchanged during the investment process, except for the case where the investor buys additionally or liquidates wholly or partially that investment, or receives interests other than distributed profits.

3. Original price of the investment is determined as follows:

- Original price of the investment in aligned company shall include the contributed capital or the actual purchasing price of the investment plus (+) such purchasing expenses as expenses for brokerage, transaction, taxes, fees… (if any).

- Where capital contribution to an aligned company is made in fixed assets, materials, commodities, the original price of the investment, which is acknowledged under the value, shall be unanimously evaluated by capital contributing parties. The difference between the book entry value and revaluated price shall be settled as follows:

+ The higher difference between the revalued value and the book entry value/remaining value of fixed assets shall be charged to other incomes.

+ The lower difference between the revalued value and the book entry value/remaining value of fixed assets shall be charged to other expenses.

4. Accountants shall open a detailed accounting book to follow up the value of the investment in each aligned company. Basis for making entry of the value of the investment in aligned company in the accounting book shall be follows:

- In respect of the investments in joint stock companies which are listed in the securities market, the book entry of the investor shall base on the actually paid amount upon purchasing the share, including expenses directly relating to the share purchase and the official notice of the Securities Exchange Center about the purchase of the shares of the aligned company which are owned by the investor.

- In respect of the investment in joint stock companies which have not been listed yet in the securities market, the book entry shall base on the share ownership certificate and the receipt note for the share sale amount of the invested company or the voucher on the purchase of the investment thereof;

- In respect of the investment in other forms of enterprise, the book entry shall base on the minutes of capital contribution, profit (or loss) distribution agreed upon by the parties or vouchers on the sale, purchase of the investment thereof;

- The investor shall only be permitted to acknowledge the dividend, profit distributed from the aligned company upon receipt of the official notice of the aligned company about the dividends to be receivable or the profit amount to be distributed in the period.

5. In case of contributing capital to an aligned company in foreign currency, the CI must convert it into the currency unit stated in the accounting book under the exchange rate, which is announced by the State Bank at the time of capital contribution. The CI shall not be permitted to revaluate the contributed capital including the case of exchange rate difference, to state the contributed capital as decrease/increase.

Debit:

- Original price of the investments in the aligned company increases.

Credit:

- Original price of the investments decreases due to the receipt of interests other than the distributed profit

- Original price of the investment decreases due to the sale, liquidation of the entire or a part of the investment.

Debit balance:

- Original price of the investment in the aligned company which is being held

Detailed accounting:

- To open detailed accounts for each aligned company

Account 344 – Other long term investment in VND

Account 348 – Other long term investment in foreign currency

This account is used for reflecting the current value and the increase, decrease of other types of long term investment (Other than investments in subsidiary companies, capital contribution to co-controlling business establishments, investment in aligned companies and shares which have been listed in the securities market), such as investment in bonds, shares or investment in other units but only holding less than 20% of the owner capital (less than 20% of the voting right), etc, and the capital recovery or payment term which is over one year.

The accounting on this account must be performed in accordance with following provisions:

1. The long term investment activity must be performed in accordance with current provisions of the State Bank on the prudential ratio in the operation of the CIs.

2. The accountants must follow up in details the following norms:

- In respect of shares investment: to follow up in details each type of share face value, each shares issuing subject;

- In respect of capital contributions under contract which are not listed in the market: to follow up in details under each subject participating in the capital contribution.

3. Investments in capital contribution in co-controlling business establishment which does not have the co-controlling right but holds less than 20% of the voting right in the joint venture, the contributed capital thereof shall be charged to the Account 344, 348 (other long term investment) at the original price.

4. In case of long term investment in foreign currency, the CI must convert it into the currency unit stated in the accounting book under the exchange rate, which is announced by the State Bank of Vietnam at the time of investment. The CI shall not be permitted to revaluate the contributed capital, including the case of exchange rate difference, to state the contributed capital as decrease/increase.

Debit:

- Value of other long term investments increases

Credit:

- Value of other long term investment decreases.

Debit balance:

- Value of current other long term investment of the CI.

Detailed accounting:

- To open detailed accounts for each investing subject

Account 349 – Provisions for the price fall of long term investment

This account is used for reflecting the current amount and the increase/ decrease of the provisions for the price fall of long term investments.

The accounting on this account must be performed in accordance with following provisions:

1. The setting up of provisions shall be performed in accordance with current provisions on the setting up and use of provisions.

2. If the provision amount to be set up in the current year is higher than the provision amount being stated in the accounting book, the difference thereof shall be charged to the expenses in the period. If the provision amount to be set up in the current year is lower than the amount which was set up in the previous year but has not been used up yet, the difference thereof shall be stated as decrease of expense, in the event where the balance on the expense account is not sufficient to compensate for the provision return, the accountant shall return the remaining amount to the income account.

3. Provisions for the price fall of the financial investment shall be used to compensate for the loss amount of the long term investments which actually occur due to such reasons as the investor goes bankrupt, faces natural disaster, … resulting in a fact that the investment is irrecoverable or recovered at lower price than its original price. This provision is not used to compensate for losses due to the liquidation of the investments.

Debit:

- To return the difference between the provisions for the price fall of the long term investment securities to be set up in the current year which is lower than the provisions which were set up in the previous year but have not been used up yet.
- To compensate for the value of the lost long term investment where there is a decision on using the set up provisions to compensate for the occurred losses.

Credit:

- To set up provisions for the price fall of the long term investment securities (Making the first calculation and calculating the increasing provision difference)

Credit balance:

- The current provisions for the price fall of the long term investment securities.

Detailed accounting:

- To open 01 detailed account”

9. To abrogate the phrase “bills, bonds” in the accounting content of the “Account 351 – Deposit, pledge, mortgage”.

10. To abrogate the phrase “In principle, this account must be zero by the time the annual financial statement is prepared” in the accounting contents of following accounts:

- Account 381 – Capital contributed for co-financing in VND

- Account 382 – Capital contributed for co-financing in foreign currency

- Account 481 – Capital received for co-financing loan in VND

- Account 482 – Capital received for co-financing loan in foreign currency.

11. To abrogate the phrase “In principle, this account must be zero by the time the annual financial statement is prepared” (entrusted organizations should make full payment of the amount that has been disbursed to customers under the trust contract) in the accounting contents of following accounts:

- Account 383 – Investment entrust, lending in VND

- Account 384 – Investment entrust, lending in foreign currency

- Account 483 - Receiving funds entrusted for investment, lending in VND

- Account 484 – Receiving funds entrusted for investment, lending in foreign currency.

12. To amend name of the Account 39 – “Interest receivable” as “Receivable interest and fees”.

13. To amend, supplement to the Debit, accounting contents of the Account 431 – Face value of valuable papers in VND and Account 434 – Face value of valuable papers in foreign currency and gold as follows:

“Debit: - To make payment of the valuable papers at the maturity

            - To buy back the valuable papers issued by the very CI”.

14. To amend the Account 44 – Capital financed, entrusted for investment, lending as follows:

“Account 44 – Capital financed, entrusted for investment, lending

Account 441 –Capital financed, entrusted for investment, lending in VND

This account is used for reflecting the amount of capital financed, entrusted for investment, lending in VND of the Government, foreign and domestic organizations, individuals which is assigned to the Credit Institution to use for designated purposes. The Credit Institution shall be responsible for the repayment of the capital thereof at the maturity.

Account 441 consists of following level III accounts:

4411 – Capital received from foreign organizations, individuals

4412 – Capital received from the Government

4413 – Capital received from domestic organizations, individuals.

Debit:

- The amount of capital the partners assign to the CI.

Credit:

- The capital amount returned to capital assigning partners.

Credit balance:

- To reflect the amount of capital financed, entrusted for investment, lending of the partners which is being used by the CI

Detailed accounting:

- To open detailed accounts under each type of capital of each capital assigning partner.

Account 442 – Capital financed, entrusted for investment, lending in foreign currency

This account is used for reflecting the amount of capital financed, entrusted for investment, lending in foreign currency of the Government and foreign and domestic organizations, individuals which is assigned to the Credit Institution to use for designated purposes. The Credit Institution shall be responsible for the repayment of the capital hereof at the maturity.

Account 442 consists of following level III accounts as follows:

4421 – Capital received from domestic organizations, individuals

4422 – Capital received from the Government

4423 – Capital received from domestic organizations, individuals.

Accounting contents of Account 442 shall be similar to the accounting contents of Account 441”.

15. To amend the structure of the Account 4711 – Sale, purchase of foreign currency in dealing transaction as follows:

Credit:

- Value of purchased foreign currency

Debit:

- Value of sold foreign currency

Credit balance:

- To reflect the value of foreign currency purchased by the Bank but not yet sold out

Debit balance:

- To reflect value of the foreign currency sold from other sources but not yet purchased for compensation

Detailed accounting:

To open 01 detailed account

16. To amend the structure of Account 4712 – payment for foreign currency purchase, sale in dealing transactions as follows:

Debit:

- Amount in VND spent on the purchase of foreign currency (Under the actual purchasing rate)
- To transfer the profit difference of the foreign currency trading (making counter-entry with the Account 72 – Income from the foreign currency trading activity)
- Amount to be adjusted to increase the Debit balance equivalent to the balance of the Account 4711 upon the revaluation of the balance of foreign currency in dealing transactions under the rate of the final day of the month (making counter-entry with the Account 631 – Difference in foreign exchange rate).

Credit:

- Amount in VND received from the sale of foreign currency (under the actual selling rate).
- To transfer the loss difference of foreign currency trading (making counter-entry with the Account 82 – Expenditure on foreign currency business activities)
- Amount to be adjusted to decrease the Debit balance equivalent to the balance of the Account 4711 upon the revaluation of the balance of foreign currency in dealing transactions under the rate of the final day of the month (making counter-entry with the Account 631 – Difference in foreign exchange rate).

Debit balance:

- To reflect the respective spent amount in VND of the foreign currency balance purchased by the CI, but not sold out yet

Credit balance:

- To reflect the respective received amount in VND of the foreign currency balance which is sold from other sources but has not been purchased for compensation.

Detailed accounting:

- To open 01 detailed account.

17. To amend name of the Account 49 – “Interest payable” as follows: Account 49 – “Payable interest and fee”

18. To amend the accounting contents on the Account 509 – Other payments among Credit Institutions as follows:

“This account is used for reflecting other payments in VND or in foreign currency (besides the payments that have been charged to the appropriate accounts) among credit institutions”.

19. To supplement to the accounting contents on the Account 63 – Difference in the exchange rate of foreign currency, gold, precious stones with a phrase:

“The CI shall not be permitted to distribute profit or enjoy dividends on the interest difference of the foreign exchange rate which is revaluated at the end of the fiscal year of items with foreign currency origin as well as monetary derivative instruments with foreign currency origin”.

20. To supplement to the accounting contents of the Account 633 – Difference due to revaluation of derivative instrument with a phrase:

“At the end of the year, the balance of this asset account shall be settled. If this account has Credit balance, the Credit balance thereof shall be carried over to the income account; If this account has Debit balance, the Debit balance thereof shall be carried over to the expense account.”

21. To amend the Account 69 – Undistributed profit as follows:

“Account 69 – Undistributed profit

This account is used to reflect the business results (profits, losses) after the enterprise income tax and the distribution of business results of the CI.

Accounting of this account must be performed in accordance with following provisions:

1. Business result shall be reflected on the account 69 – Profit after the Enterprise income tax or business losses.

2. The distribution of the business result of the CI must be clear, precise and in compliance with current provisions of the financial regime.

3. The business result must be accounted in details for each accounting period (previous year, current year), and followed up in details for each content of profit distribution of the CI (setting up of funds, supplement of business capital, dividend distribution, etc).

4. Where the retroactivity is applied due to the change in accounting policy and adjusted for the serious mistakes of previous years which are detected in the current year, resulting in the fact that the balance, at the beginning of the year, of the undistributed profit must be adjusted, the accountants thereat shall adjust to increase or decrease the balance at the beginning of the year of the Account 692 “Previous profit” in accounting books and adjust to increase or decrease the norm of Undistributed profit in the Balance Sheet in accordance with provisions of Vietnam Accounting Standard No.29 “Changing accounting policy, accounting estimation and errors” and Vietnam Accounting Standard No.17 “Enterprise Income Tax”.

Credit:

- Ending balance carried over from Accounts “Income”.

Debit:

- Ending balance carried over from Accounts “Expense”

- Setting up funds

- Distributing profits to joint venture parties and shareholders.

Credit balance:

- To reflect profits which have not been distributed or have not been used

Debit balance:

- To reflect losses from business activity that have not been settled

Detailed accounting:

- To open 01 detailed account

Account 69 consists of following level II accounts:

Account 691 – Profits of current year: This account is used for reflecting business results, the distribution of the business results and the undistributed profits of the current year of the Credit Institution

At the beginning of the following year, the ending balance of account 691 shall be carried over to the new year’s beginning balance of account 692 “Profits of previous year” (the voucher preparation shall not be required).

Account 692 – Profits of previous year: This account is used for reflecting the business results and undistributed profits of the previous year of the Credit Institution”.

22. To amend some contents in the accounting contents of the Account of category 7 – Income as follows:

- To amend Point 1 as: “This type of account shall reflect the entire incomes of the CI. At the end of 31 December, balance of these accounts shall be entirely carried over to the account “income of current year” and be zero”.

- To amend Point 4 as: “In case of liquidation, assignment of fixed assets, the value being used for the accounting on this account shall be the entire amount of money received from the liquidation, assignment of fixed assets. Any arising expense relating to the liquidation, assignment shall be charged to the account “Expenditure (category 8)”.

23. To amend the name of Account 709 – “Income from other interests” as “Other incomes from credit activity”.

24. To amend the name of Account 78 – “Income from interests of capital contribution, share purchase” as “Income from the capital contribution, share purchase” and amend the accounting contents on this account as follows: “This account is used for reflecting the incomes from the capital contribution, share purchase of other CIs and economic organizations”.

25. To amend some contents in the accounting contents of account of category 8 – Expenditure as follows:

- To amend Point 1 as: “This type of account shall reflect the entire expenses of the CI. At the end of 31 December, balance of these accounts shall be entirely carried over to the account “income of the current year” and be zero”.

- To amend Point 2 as: “In case of liquidation, assignment of fixed assets, the value to be charged on this account shall be the entire expenses relating to the liquidation, assignment of fixed assets. All receipts from the liquidation, assignment shall be charged to the account “Income (category 7)”.

26. To supplement to the accounting contents of Account 842 – Expenses relating to the finance leasing operation as follows:

“This account is used for the accounting of expenses relating to the finance leasing activity of the Credit Institution such as: Arising expenses relating to the signature of contract… (if any)”.

27. To abrogate the phrase “foreign currency” in the name of the Account 8821 – “Provisions for decline of gold, foreign currency price” and the phrase “foreign currency” in the accounting content of this account.

28. To amend some contents in the Account 921 – “Commitment on the guarantee issued to customers” as follows:

- To abrogate the phrase “The guaranteeing amounts to be stated in this account shall be accounted under the value of guarantee commitment minus (-) the value deposited at the bank by customers”

- To amend the Note in the Accounting contents of this account as follows:

“Note: The value acknowledged on this account shall be the entire value of the guarantee commitment under the contract. However, the CI should make clear explanation of the total value of the guarantee commitment under the contract and the value deposited by the customers on the notes to the financial statement”

29. To amend the name of Account 93 – “Guarantee commitments received” to “Received commitments”.

30. To amend the name of Account 94 – “Overdue lending interests that are not yet collected” to “Lending interests and fees receivable that are not yet collected” and the phrase “overdue” in the name and accounting contents of the level II accounts of this Account (Accounts 941, 942, 943, 944).

31. To amend the word “Pawn” as “mortgage” in the name and accounting content of the Account 994 – Assets pledged, pawned by the customers.

Article 3. To supplement several accounts to the Accounts System of Credit Institutions issued in conjunction with the Decision No. 479/2004/QD-NHNN dated 29/4/2004 of the Governor of the State Bank as follows:

1. Account 1014 – Cash in ATM

This account is used for following up the amount in VND at ATMs of the Credit Institution.

Debit:

- Cash amounts encashed to the ATMs

- Cash amounts directly received from ATM

Credit:

- Cash amounts from the ATM delivered the cash fund of the unit

- Expenses in cash at the ATM

Debit balance:

- Cash balance at the ATM

Detailed accounting:

- To open detailed accounts for each ATM

2. Account 135 – Gold deposited at domestic credit institutions

This account is used for reflecting the value of monetary gold of the CI deposited at other domestic CIs.

This Account shall have following Level III accounts:

Account 1351 – Demand deposited gold

Account 1352 – Term deposited gold

Debit:

- Value of monetary gold deposited at other domestic CIs.

Credit:

- Value of monetary gold to be withdrawn

Debit balance:

- To reflect the value of monetary gold of the CI which is being deposited at domestic CIs.

Detailed accounting:

- To open detailed accounts under each domestic CI receiving the deposit.

3. Account 136 – Gold deposited at oversea credit institutions

This account is used for reflecting the value of monetary gold of the CI deposited at oversea CIs.

This Account shall have following Level III accounts:

Account 1361 – Demand deposited gold

Account 1362 – Term deposited gold

Debit:

- Value of monetary gold deposited at oversea CIs.

Credit:

- Value of monetary gold to be withdrawn

Debit balance:

- To reflect the value of monetary gold of the CI which is being deposited at oversea CIs.

Detailed accounting:

- To open detailed accounts under each oversea CI receiving deposit.

4. Account 15 – Investment securities ready for sale

This account is used for reflecting the current value and the fluctuation of types of securities which were issued by the Government or domestic, foreign organizations and the CI is investing in. This account is used for the accounting of debt securities and capital securities which are held for the purpose of investment and ready for sale, and which are not of the type of securities that are purchased and sold out regularly, however, they can be sold at any time if it is considered profitable (CI shall issue internal provisions for this matter, unless otherwise provided for by applicable laws).

The accounting of this account must be performed in accordance with following provisions:

1. In respect of Debt securities:

a. The CI must open a detailed account to reflect the Face value, discount value and the additional value of the investment securities. Of which: (i) Original price of securities (actual purchasing price of securities), including: purchasing price plus (+) directly related expenses, such as expense for brokerage, transaction, information supply, taxes, charges and banking fees (if any); (ii) discount value is the negative difference value between the original price and the total value of money amounts including face value and interests accrued before the purchase (if any); (iii) additional value is the positive difference value between the original price and the total value of money amounts including face value and interests accrued before the purchase (if any). In the financial statement, the item of securities hereof shall be stated under the net value (Face value – Discount + Additional).

b. If it is supported by the informatics technology condition, the interest shall be acknowledged on the time and actual interest rate basis (actual interest rate is the rate which is used for the conversion of money amounts received in the future for all the time when another party uses the assets into the value which is initially acknowledged at the time where the assets are assigned to the using party). In case where the interest cannot be calculated on the basis of actual interest rate, the additional value or discount value thereof shall be equally allocated to the securities holding time of the CI.

c. If the interest is collected from the investment debt securities, including the interest accrued before the CI repurchases that investment, the CI must apportion this interest amount. Thereby, only the interest amount of the periods after the time when the CI  purchased this investment shall be acknowledged as income, the accrued interest before the time when the CI repurchased that investment shall be recorded to decrease the value of the very investment.

d. At the end of the accounting period, if the market value of the securities falls and is lower than their net value, the accountant shall set up provisions for the fall of investment securities’ price.

2. In respect of Capital securities:

a. Capital securities shall be recorded on the accounting book under the actual purchasing price of the securities (original price), including: Purchasing price plus (+) purchasing related expenses such as expenses for brokerage, transaction, information supply, taxes, charges and banking fee (if any).

b. Income of the CI from the investment in securities ready for sale where the right of the CI is confirmed and upon the receipt of the notice of the dividend distribution.

c. At the end of the accounting period, if the market value of the securities falls and is lower than their original price, the accountant shall set up provision for the fall of the investment securities’ price.

Debit:

- Value of purchased securities

Credit:

- Value of sold securities
- Value of the securities paid by issuing institutions

Debit balance:

- Value of the securities currently being held

Detailed accounting:

- To open detailed accounts under the Face value, discount value and additional value of the investment securities in respect of debt securities.
- To open detailed accounts under each type of securities in respect of capital securities.

This Account shall have following level II and level III accounts:

Account 151 – Government’s securities

Account 152 – Debt securities issued by other domestic CIs

Account 153 – Debt securities issued by domestic economic organizations

Account 154 – Foreign Debt securities

Account 155 – Capital securities issued by other domestic CIs

Account 156 – Capital securities issued by domestic economic organizations

Account 157 – Foreign capital securities

Account 159 – Provisions for the fall of the securities’ price

Account 151 – Government’s securities

This Account is used for reflecting the current value and the fluctuation of types of Government’s securities (except for Government’s bills) issued by the State Treasury of Vietnam in which the CI is making investment.

Account 152 – Debit securities issued by other domestic CIs

Account 153 - Debt securities issued by domestic economic organizations

Account 154 – Foreign Debt securities

These accounts are used for reflecting the current value and the fluctuation of types of Debt securities which are currently held by the CI for the purpose of investment and ready for sale at any time where it is considered as profitable.

Debt securities being followed up on this account include: Bonds, valuable papers…. issued by other domestic CIs, domestic economic organizations or securities issued by the Government or foreign organizations.

Account 155 - Capital securities issued by other domestic CIs

Account 156 - Capital securities issued by domestic economic organizations

Account 157 - Foreign capital securities

These accounts are used for reflecting the current value and the fluctuation of types of capital securities which are currently held by the CI for the purpose of investment and ready for sale at any time where it is considered as profitable and not subject to the accounting on account 34.

Capital securities being accounted on this account are the securities which are listed in the market and fail to satisfy conditions for establishing a subsidiary company, aligned company or joint venture company (co-controlling business establishment).

Such investments as capital contribution under the capital contribution contract, purchase of securities, which are not yet listed in the securities market shall be reflected on the accounts 344, 348 (other long term investments).

Account 159 - Provisions for the fall of the securities’ price

This account is used for reflecting the provisioning, settlement and return of provisions for the price fall of investment securities which are ready for sale.

Accounting principles and contents on this account shall be performed in accordance with the account 149 – Provisions for the fall of securities’ price.

5. Account 16 – Investment securities being held till the maturity date

This account is used for reflecting the current value and the fluctuation of types of debt securities issued by the Government or domestic, foreign organizations in which the CI is making investment. Debt securities being accounted on this account shall be securities which are held for the purpose of investment until the date of maturity (date of payment).

The accounting of this account must be performed in accordance with following provisions:

1. Only debt securities shall be recorded on this account (capital securities shall not be recorded on this account).

2. The CI shall open a detailed account to reflect the face value, discount value and the additional value of the investment securities. Of which: (i) Original price of securities (actual purchasing price of securities), including: purchasing price plus (+) directly related expenses, such as expense for brokerage, transaction, information supply, taxes, charges and banking fees (if any); (ii) discount value is the negative difference value between the original price and the total value of money amounts including face value and interests accrued before the purchase (if any); (iii) additional value is the positive difference value between the original price and the total value of money amounts including face value and interests accrued before the purchase (if any). In the financial statement, the item of securities hereof shall be stated under the net value (Face value – Discount + Additional).

3. If it is supported by the informatics technology condition, the interest shall be acknowledged on the time and actual interest rate basis (actual interest rate is the rate which is used for the conversion of money amounts received in the future for all the time when another party uses the assets into the value which is initially acknowledged at the time where the assets are assigned to the using party). In case where the interest cannot be calculated on the basis of actual interest rate, the additional value or discount value thereof shall be equally allocated to the securities holding time of the CI.

4. If the interest is collected from the investment debt securities, including the interest accrued before the CI repurchases that investment, the CI must apportion this interest amount. Thereby, only the interest amount of the periods after the time when the CI  purchased this investment shall be acknowledged as income, the accrued interest before the time when the CI repurchased that investment shall be recorded to decrease the value of the very investment.

5. The setting up of provisions for the price fall of the investment securities which are held until the date of maturity shall only be performed where there is any evidence of price fall of securities in long term or any evidence that it is difficult for the bank to recover the full investment. Any change of price in short term shall not be set up provisions for the fall of securities’ price .

This account shall have following level II accounts:

Account 161 – Government’s securities

Account 162 – Securities issued by other domestic CIs

Account 163 – Securities issued by domestic economic organizations

Account 164 – Foreign securities

Accounting contents and methods on these accounts shall be similar to the accounts “Debt securities” of the Account 15 – Investment securities ready for sale respectively (Account 151, 152, 153, 154).

Account 169 – Provisions for the fall of securities’ price

This account is used for reflecting the provisioning, settlement and return of provisions for price fall of investment securities being held till the date of maturity.

Credit:

- Provisions made for the fall of securities’ price (provisions initially set up and the difference between the provisions required to set up of the current period that is higher than the set up provisions at the end of the previous period).

Debit:

- Dealing with actual price fall of securities investments

- Return of provisions for the price fall

Credit balance:

- To reflect the value of provisions for the fall of securities’ price

Detailed accounting:

- To open detailed accounts by each type of trading securities

6. Account 26 – Credit to foreign organizations, individuals

This account is used to account the money amount (Vietnamese dong or foreign currency) lent to foreign organizations, individuals (non-residents) by the CI.

This account consists of following Level II accounts:

261 – Short term lending in VND

262 – Medium term lending in VND

263 – Long term lending in VND

264 – Short term lending in foreign currency and gold

265 – Medium term lending in foreign currency and gold

266 – Long term lending in foreign currency and gold

267 – Other credits in VND

268 – Other credits in foreign currency and gold

269 – Provisions for risks

261 – Short term lending in VND

This account is used for reflecting the short term loans to foreign organizations, individuals in VND.

This account consists of following level III accounts:

2611 - Standard debts

2612 – Debts, which need special attention

2613 – Substandard debts

2614 – Doubtful debts

2615 – Potentially irrecoverable debts

Accounting contents and principles on these accounts are similar to those on respective accounts of category 2.

262 – Medium term lending in VND

This account is used for reflecting medium term loans to foreign organizations, individuals in VND.

This account consists of following level III accounts:

2621 – Standard debts

2622 – Debts, which need special attention

2623 – Substandard debts

2624 – Doubtful debts

2625 – Potentially irrecoverable debts

Accounting contents and principles on these accounts are similar to those on respective accounts of category 2.

263 – Long term lending in VND

This account is used for reflecting long term loans to foreign organizations, individuals in VND.

This account consists of following level III accounts:

2631 – Standard debts

2632 – Debts which need special attention

2633 – Substandard debts

2634 – Doubtful debts

2635 – Potentially irrecoverable debts

Accounting contents and principles on these accounts are similar to those on respective accounts of category 2.

264 – Short term lending in foreign currency and gold

This account is used for reflecting short term loans to foreign organizations, individuals in foreign currency and gold.

This account consists of following level III accounts:

2641 – Standard debts

2642 – Debts which need special attention

2643 – Substandard debts

2644 – Doubtful debts

2645 – Potentially irrecoverable debts

Accounting contents and principles on these accounts are similar to those on respective accounts of category 2.

265 – Medium term lending in foreign currency and gold

This account is used for the reflection of medium term loans to foreign organizations, individuals in foreign currency and gold.

This account consists of following level III accounts:

2651 – Standard debts

2652 – Debts which need special attention

2653 – Substandard debts

2654 – Doubtful debts

2655 – Potentially irrecoverable debts

Accounting contents and principles on these accounts are similar to those on respective accounts of category 2.

266 – Long term lending in foreign currency and gold

This account is used for the reflection of long term loans to foreign organizations, individuals in foreign currency and gold.

This account consists of following level III accounts:

2661 – Standard debts

2662 – Debts which need special attention

2663 – Substandard debts

2664 – Doubtful debts

2665 – Potentially irrecoverable debts

Accounting contents and principles on these accounts are similar to those on respective accounts of category 2.

267 – Other credit in Vietnamese dong

This account is used for the reflection of other credit operations to foreign organizations, individuals in Vietnamese dong, such as the operations of mortgage, discount of valuable papers, payment in lieu of others from the guarantee transaction, finance leasing…

This account consists of following level III accounts:

2671 – Standard debts

2672 – Debts which need special attention

2673 – Substandard debts

2674 – Doubtful debts

2675 – Potentially irrecoverable debts

Accounting contents and principles on these accounts are similar to those on respective accounts of category 2.

268 – Other credit in foreign currency and gold

This account is used for the reflection of other credit operations to foreign organizations, individuals in foreign currency, gold, such as the operations of mortgage, discount of valuable papers, payment in lieu of others from the guarantee transaction, finance leasing…

This account consists of following level III accounts:

2681 – Standard debts

2682 – Debts which need special attention

2683 – Substandard debts

2684 – Doubtful debts

2685 – Potentially irrecoverable debts

Accounting contents and principles on these accounts are similar to those on respective accounts of category 2.

269 – Provisions for risk

This account is used for the reflection of the setting up and use of provisions for credit risks in banking activity of credit institutions in accordance with current provisions on debt classification and provisioning.

This account consists of the following level 3 accounts

2691 – Specific provisions

2691 – General provisions

Accounting contents and principles on these accounts are similar to those on accounts “provisions for risk”

7. Account 304 – Investment immovable assets

This account is used for the reflection of the current amount and the development of the investment immovable assets under the original price of the investment immovable assets.

This account shall only be opened and used at subsidiary companies, which are authorized to engage in immovable assets trading (the accounts system of CIs shall be used for accounting) of Credit Institution, because the Article 73 of the Law on Credit Institutions stipulates that CIs shall not be permitted to directly engage in immovable assets trading.

The accounting of this account shall be implemented in accordance with Vietnam Accounting Standards (VAS) No.05 “Investment immovable assets”.

Debit:

- Original price of investment immovable increases in the period

Credit:

- Original price of investment immovable decreases in the period

Debit balance:

- Original price of investment immovable of the CI at the end of the period.

Detailed accounting:

- Opening a detailed account for each type of investment immovable assets.

8. Account 3054 – Amortization of investment immovable assets

This account is used for the reflection of the amortization value of investment immovable assets, which are being held.

Debit:

- Amortization value of investment immovable assets decreases in the period.

Credit:

- Amortization value of the investment immovable assets increases in the period due to the amortization deduction, due to the conversion of the accumulated amortization amount of the owner’s immovable assets into the investment immovable assets.

Credit balance:

- Amortization value of current immovable assets of the CI.

Detailed accounting:

- Opening a detailed account.

9. Account 3535 – Delayed income tax assets

This account is used for the reflection of the current value and the development of delayed income tax assets

Delayed income tax assets shall be determined under the following formula:

Delayed income tax assets

=

Temporarily deducted differences

+

Deducted value carried over to the following year of taxable losses and tax preferences that have not yet been used

x

Current enterprise income tax rate (%)

The accounting on this account needs to be implemented in accordance with provisions of Vietnam Accounting Standards No.17 – “Enterprise income tax” and following provisions:

1. CIs shall only be permitted to acknowledge the delayed income tax assets for temporarily deducted differences, the deducted value of the taxable losses and tax preference that have not yet been used in previous years and carried over to the current year in the event where the CI definitely estimates to gain the income taxable profit in the future in order to use the temporarily deducted differences, unused taxable losses and tax preference.

2. At the end of the fiscal year, the CIs shall draw up “Table for determining temporary differences to be deducted”, “Table for following up temporarily deducted differences that have not yet been used” (upon the guidance of the Ministry of Finance), the deducted value carried over to the following year of unused taxable losses and tax preferences shall be used as foundation to draw up the “Table for determining delayed income tax assets” for the determination of the delayed income tax assets which are acknowledged or returned in the year.

3. The acknowledgment of delayed income tax assets in a year shall be implemented under the principle of clearing between the delayed income tax assets arising in the current year and the income tax assets which have been acknowledged since the previous years, but returned in the current year under the following principles:

- If the delayed income tax assets arising in the year is bigger than the delayed income tax assets which are returned in the year, the difference thereof shall be acknowledged as delayed income tax assets and delayed income tax expense shall be stated as a decrease.

- If the delayed income tax assets arising in the year is smaller than the delayed income tax assets which are returned in the year, the difference thereof shall be stated as a decrease in delayed income tax assets and an increase in delayed income tax expense.

4. Accountants shall return the delayed income tax assets where the temporarily deducted differences have not affected the income taxable profit (where the assets are recovered or payable debt is partially or entirely paid).

5. Upon ending the fiscal year, CIs must evaluate delayed income tax assets which have not yet been acknowledged from the previous years when they surely estimates to gain income taxable profit in the future to make additional acknowledgement to the current year.

6. Some main cases arising from the delayed income tax assets:

- Delayed income tax assets arising from temporarily deducted differences, due to the fixed assets amortization under the accounting purpose is performed faster than the fixed asset amortization under the purpose of income tax calculation in the year.

- Delayed income tax assets arising from the temporarily deducted differences, due to an expense of the current year is acknowledged but only deducted from the taxable income of the following year. For example: a pre-deducted expense for a major repair of fix assets is acknowledged in the current year but only deducted from taxable income when these expenses arise actually in the following years;

- Delayed income tax assets are calculated on the value which is deducted of the taxable losses and tax preferences which have not yet been used and carried over from previous years to the current year.

Debit:

- Value of delayed income tax assets increasing

Credit:

- Value of delayed income tax assets decreasing

Debit balance:

- Value of the delayed income tax assets which remains at the end of the period.

Detailed accounting:

- Opening 01 detailed account.

10. Account 366 – Receivables from internal transactions of the CIs system

Account 366 consists of following level 3 accounts

3661 – Receivables from branches

3661 – Receivables from the Head office

Account 3661 – Receivables from branches

This account is opened at the Head office of the CI, used for the reflection of the receivables from branches arising from the internal transactions of the system.

Debit:

- Receivable amount from branches’ internal transactions

Credit:

- Receivable amount which branches have paid

- Amount being transferred to other appropriate accounts

Debit balance:

- Reflecting the amount of money receivable from branches by the Head office

Detailed accounting:

- Opening detailed accounts in respective branches.

Account 3662 – Receivables from the Head office

This account is opened at branches of the CI to reflect receivables from the Head office arising from internal transactions of the CIs system.

Debit:

- Receivables from the Head office’s internal transactions

Credit:

- Receivables which have been paid by the Head office

- Amount being transferred to other appropriate accounts

Debit balance:

- Reflecting the amount of money still receivable from the Head office by branches

Detailed accounting:

- Opening 01 detailed account

11. Account 389 – Other Assets

This account is used for the reflection of other types of assets of the CI besides assets which have been recorded in appropriate accounts.

Debit:

- Value of other assets of the CI increasing in the period

Credit:

- Value of other assets of the CI decreasing in the period

Debit balance:

- Value of other assets at the end of the period

Detailed accounting:

- Opening detailed account for each type of other assets

12. Account 397 – Receivable fees

This account is used for the reflection of the receivable fees in the operation process of the CI.

The accounting on this account shall be implemented in accordance with following provisions:

1. Fees from the business activity of the CI shall be acknowledged on the basis of actual time and fee amount to be receivable in each period.

2. Receivable fees shall reflect the accumulated fees, which have been charged to the income of the period by the CI, but have not been paid by the customers.

Debit:

- Receivable fees from the service supply activity of the CIs

(Making counter-entry to the income account of the CI)

Credit:

- Receivable fees which the customers have paid

Debit balance:

- Reflecting the fees to be receivable from the customers

Detailed accounting:

- Opening detailed account for each type of service that has been supplied for enjoying fee.

13. Account 4254 – Deposit for specific purposes

This account is used for the reflection of the amount in Vietnamese dong deposited by foreign customers at the CIs, which is used for a specific purpose.

Accounting contents and method on this account are similar to the account 4214 – Deposit for specific purposes

14. Account 4264 – Deposit for specific purposes

This account is used for the reflection of the foreign currency value of foreign customers for a specific purpose, which is deposited at the CI.

Accounting contents and method on this account are similar to the account 4214 – Deposit for specific purposes

15. Account 4535 – Delayed income tax payable

This account is used for the reflection of the current value and increase, decrease of the delayed enterprise income tax payable, which is determined and acknowledged in accordance with provisions of Vietnam Accounting Standards No.17 “Enterprise Income tax”.

Accounting on this account shall be performed in accordance with following provisions:

1. Payable delayed income tax shall be acknowledged for all taxable temporary differences, except for the case where payable delayed income tax arises from the initial acknowledgement of an asset or payable debt of a transaction which does not affect the accounting profits or income taxable profits (or taxable losses) at the time when the transaction arises.

2. By the ending of the fiscal year, the accountant must determine taxable temporary differences of the current year to make basis for the determination of payable delayed income tax which is acknowledged in the year.

3. The acknowledgement of payable delayed income tax in the year shall be implemented in accordance with the principle of clearing between the payable delayed income tax amount arising in the current year and the payable delayed incomes that were acknowledged from previous years, but are stated as decrease (returned) in the current year under the principle:

- If the payable delayed income tax amount arising in the year is bigger than the payable delayed income tax amount which is returned in the year, the accountant  shall only make supplement acknowledgement for the payable delayed income tax which is the bigger difference between the payable delayed income tax arising and the amount to be returned in the year;

- If the payable delayed income tax amount arising in the year is smaller than the payable delayed income tax amount which is returned in the year, the accountant thereat shall only make decrease accounting (return) for the payable delayed income tax amount which is the smaller difference between the payable delayed income tax arising and the amount to be returned in the year.

4. Payable delayed income tax arising in the year which is not related to the items which are directly charged to the owner capital must be acknowledged as the delayed enterprise income tax expense arising in the year.

5. The accountant must make decrease accounting for the payable delayed income tax where the taxable temporary differences do not affect the taxable profits (where the assets are recovered or payable debt is paid).

6. Some main cases that make the payable delayed income tax arise:

Payable delayed income tax arises from taxable temporary differences. For example, the utility time of fixed assets determined by the CI is longer than the utility time in accordance with current financial policies accepted by the tax authority that makes the amortization deduction level of fixed assets under the accounting lower than the amortization which is deducted from the taxable profits.

Debit:

- Payable delayed income tax decreasing (being returned)

Credit:

- Payable delayed income tax, which is acknowledged in the period

Credit balance:

- Payable delayed income tax remaining at the end of the period

Detailed accounting:

- Opening 01 detailed account

16. Account 466 – Payables from internal transactions of the system of CIs

This account consists of following level 3 accounts:

4661 – Payables to branches

4662 – Payables to the Head office

Account 4661 -  Payables to branches

This account is opened at the Head office of the CIs and used for the reflection of payables to branches arising from the internal transactions of the system.

Credit:

- Amounts payable by the Head office to branches

Debit:

- Amounts which the Head office has paid to branches

- Amounts which have been transferred to other appropriate accounts

Credit balance:

- Reflecting the amounts to be paid by the Head office to branches

Detailed accounting:

- Opening 01 detailed account.

 

Account 4662 – Payables to the Head office

This account is opened at branches of the CIs and used for the reflection of payables to the Head office arising from internal transactions of the system.

Credit:

- Amounts payable by the branches to Head office

Debit:

- Amounts which branches have paid to the Head office

- Amounts which have been transferred to other accounts

Credit balance:

- Reflecting the amounts to be paid by the branches to the Head office

Detailed accounting:

- Opening 01 detailed account

17. Account 487 – Debt components of preference shares

This account is used for the reflection of the component value of payable Debt of preference shares issued by the CI. This account shall be only opened and used upon the permission of financial mechanism or a specific regulation on the operational mechanism of the State Bank. The accounting on this account shall be implemented in accordance with guidance of the State Bank.

Accounting on this account shall be performed in accordance with following provisions:

1. Preference share is a complex financial instrument, which consists of two components (Payable debt  and Owner’s capital).

2. The issuance of preference shares must be in compliance with current provisions of applicable laws. The separation of the two components, Payable debt and Owner’s capital, in the accounting shall be implemented in accordance with provisions of the State Bank.

3. Only value of the payable Debt of preference shares issued the CI shall be recorded on this account.

4. Payable Debt component of preference shares, which is recorded on this account, and Owner’s capital component of preference shares (being accounted on the account 65 – Preference shares – Owner’s capital component) are 02 component parts of a preference share issued by the CI.

Credit:

- Value of payable debt component of preference shares issued by the CI

Debit:

- Making payment of preference shares at maturity (payable Debt component).
- Repurchasing preference shares (payable Debt component) in the period
- Converting preference shares to common shares (Debt component of preference shares)

Credit balance:

- Reflecting the total value of payable Debt component of preference shares issued by the CI

Detailed accounting:

- Opening a detailed account for each issuance batch

18. Account 497 – Payable fees

This account is used for the reflection of the payable fee amount, which is accumulated when the CI uses products, services from suppliers.

Accounting on this account must be implemented in accordance with following provisions:

1. The fee amount to be payable to suppliers shall be acknowledged on the time basis and the actually payable fee amount in the period.

2. Payable fee being followed up on this account reflects the accumulated fee that the CI has accounted to the expenditures in the period but not paid yet to the suppliers.

Credit:

- Fee amount to be payable to the suppliers of products, services (Making counter-entry to the expense account of the CI).

Debit:

- Payable fee amount which has been paid to the suppliers.

Credit balance:

- Reflecting the fee amount to be payable to the suppliers.

Detailed accounting:

- Opening a detailed account for each supplier.

19. Account 603 – Surplus of voting shares

This account is used for the accounting of the difference between the issuing price of shares and face value of shares.

Credit:

- Surplus value of voting shares increasing (The higher difference between the issuing price and the face value of share)

Debit:

- Surplus value of voting shares decreasing (The lower difference between the issuing price and the face value of share)
- Transferring the surplus of voting shares in order to increase charter capital in accordance with financial mechanism and current provisions of applicable laws.

Credit balance:

- Reflecting the value of the positive surplus of the current voting shares

Debit balance:

- Reflecting the value of the negative surplus of the current voting shares

Detailed accounting:

- Opening a detailed account.

20. Account 604 – Fund shares

This account is used for the reflection of the current value and the increase/decrease  of the shares repurchased by the CI from those which are issued to the public for later re-issuance (hereinafter called fund shares ).

Fund shares are those to be issued by a CI and repurchased by the very issuing CI, but they shall not be canceled and shall be reissued in a period of time in accordance with provisions of laws on securities. The CI that holds types of fund shares shall not be entitled to enjoy dividends, have no right to vote or participate in the distribution of assets where the CI is dissolved. At the distribution of dividends to shares, fund shares being held by the CI shall be considered as unsold shares.

CI shall only be permitted to open and use this account where it has an operational mechanism and performs accounting in compliance with guidance of the State Bank.

Accounting on this account needs to be implemented in accordance with following provisions:

1. Value of the purchased fund shares stating on this account is the real price, including: real purchasing price and expenses directly relating to the purchase of fund shares such as expense for brokerage, expense for transaction of fund shares  (if any).

2. Value of fund shares upon the re-issuance, or where they are used for dividend payment, reward, … shall be calculated under the real price in line with the weighed average method.

3. The difference amount between the re-issuance/use price and real price of purchased fund shares shall be accounted to the Debit or Credit of the Account 603 “Surplus of voting shares”.

4. Following subjects shall not be followed up on this account: (i) value of shares that the CI buys from another CI for the purpose of investment holding; (ii) value of the shares that the CI repurchases for the purpose of withdrawal for timeless cancel (in this case, capital of the CI shall be directly stated as decrease).

5. Upon preparation and explanation of financial statement, balance on the Debit of the Account 604 “Fund shares ” shall be stated in negative number by putting it in the bracket (xxx) and in the norm Capital of the CI (after such norms as Charter capital, investment capital for capital construction, fixed asset procurement and surplus of voting shares) on the Balance Sheet.

6. In the event where the CI repurchases preference shares (complex instrument), value of the purchased fund shares being accounted on this account shall be the real purchase price (minus (-) the Debit component of preference shares (accounting value on account 487 – Debit component of preference shares).

Debit:

- Real value of purchased fund shares.

Credit:

- Value of fund shares which are re-issued or re-used.
(making dividend payment or bonus payment by shares…)

Debit outstanding:

- Value of fund shares which are currently held by the CI

Detailed accounting:

- Opening a detailed account for each purchase batch of fund shares

21. To supplement following level 3 accounts to the Account 63 – Revaluation of derivative instruments:

6331 – Swap transaction

6332 – Currency forward transaction

6333 – Currency futures transaction

6334 – Currency options transaction

6338 – Other derivative instruments

Accounting contents and method on this account shall be performed in accordance with the accounting contents of Account 633.

22. Account 65 – Preference shares       

Preference share is a complex financial instrument which consists of two components (Payable debt and Owner’s capital). Accounting contents on Account 65 – preference shares reflect the value of owner’s capital component of the preference shares issued by the CI. The payable debt component of preference shares is accounted on the account 487 – Debt component of preference share.

Credit:

- Value of owner’s capital component of preference shares issued by the CI.

Debit:

- Value of owner’s capital component of preference shares which are paid at maturity
- Value of owner’s capital component of preference shares which are converted into common shares.

Credit balance:

- Value of owner’s capital component of preference shares issued by the CI  and being in circulation.

Detailed accounting:

- Opening detailed accounts for each issuance batch.

Value of preference shares being accounted on this account shall be the face value in the event where no value arising to be charged to the debt component of preference shares. In case of arising the value of the debt component, value of shares being accounted on this account shall be the face value minus (-) the amount being accounted to the debt component of preference shares.

23. Account 723 – Receipts from monetary derivative instruments

This account is used for the accounting of receipts from monetary derivative instruments of the CI.

Accounting contents on this account are similar to the accounting contents on income accounts of the CI.

24. Account 748 – Receipts from other derivative instruments

This account is used for the accounting of the money amount received from other derivative instruments (other than monetary derivative instruments) of the CI.

Accounting contents on this account are similar to the accounting contents of income accounts of the CI.

25. Account 805 – Interest payment for the finance lease

This account is used for the accounting of the payable interest amount of the finance lease of the CI.

Accounting contents on this account are similar to the accounting contents of expense accounts of the CI.

26. Account 823 – Expense for monetary derivative instruments

This account is used for the accounting of expenses arising from monetary derivative instruments of the CI.

Accounting contents on this account are similar to the accounting contents on expense accounts of the CI.

27. Account 833 – Expense for enterprise income tax

This account is used for the reflection of the current enterprise income tax expense of the CI, including the current enterprise income tax expense and delayed enterprise income tax expense as a basis for the determination of the business result of the CI in the current year.

Accounting on this account shall be performed in accordance with Vietnam Accounting Standard No.17 – Enterprise income tax and following provisions:

1. Enterprise income tax expense which is charged to this account includes the current enterprise income tax expense and delayed enterprise income tax expense at the determination of profit (or loss) of a fiscal year.

2. Current enterprise income tax expense is the payable enterprise income tax amount calculated on the taxable income in the year and the current enterprise income tax rate.

3. Delayed enterprise income tax expense is the enterprise income tax amount to be payable in the future arising from:

- The acknowledgement of the delayed income tax payable in the year

- The return of the delayed income tax assets which were acknowledged from the previous years.

4. Income from the delayed enterprise income tax is the decrease amount of expenses for delayed enterprise income tax arising from:

- The acknowledgement of the delayed income tax payable in the year

- The return of the delayed income tax assets which were acknowledged from the previous years.

This account consists of following level III accounts:

Account 8331 –  Expense for current enterprise income tax

Account 8332 – Expense for delayed enterprise income tax

Account 8331 – Expense for current enterprise income tax

This account is used for reflecting expense for current enterprise income tax arising in the year of the CI.

The accounting on this account must be performed in accordance with following provisions:

1. On the quarterly basis, the accountant shall, basing on the written declaration of enterprise income tax, record the current enterprise income tax amount which is temporarily payable to the current income tax expense.

2. At the end of the fiscal year, basing on the declaration of tax settlement, if the amount of enterprise income tax which is temporarily payable in the year is lower than the payable amount of the very year, the accountant shall record the additional payable amount of enterprise income tax to the current income tax expense. In case where the amount of enterprise income tax which is temporarily payable in the year is higher than the payable amount of the very year, the accountant shall make decrease accounting for the current income tax expense, which is the higher difference between the temporarily payable amount of enterprise income tax in the year and the actual payable amount.

3. In case where any inessential error relating to the amount of payable enterprise income tax of previous years is detected, the CI shall be permitted to make increase (or decrease) accounting for the amount of payable enterprise income tax of previous years into the current enterprise income tax expense of the year when the error is found out.

4. At the end of the fiscal year, the accountant shall transfer the current enterprise income tax expense arising in the year to the account 69 “Undistributed profits” to determine the business results of the year.

Debit:

- Payable enterprise income tax which is charged to the current enterprise income tax expense arising in the year.

- Current enterprise income tax of previous years which is additionally payable due to the detection of inessential errors of previous years which is entitled to make increase accounting for the current enterprise income tax expense of the current year;

Credit:

- The current amount of actual payable enterprise income tax in the year, which is lower than the current amount of temporarily payable income tax shall be deducted from the current income tax expense that is acknowledged in the year;

- The amount of payable enterprise income tax which is accounted as a decrease due to the detection of inessential errors of previous years shall be deducted from the current enterprise income tax expense of the current year;

- To transfer the difference between the current enterprise income tax expense to the Debit of the Account 69 “Undistributed profits”.

Account 8331 – Expense for current enterprise income tax shall have no balance at the end of the period.

Account 8332 – Expense for delayed enterprise income tax

This account is used for reflecting the delayed enterprise income tax expense arising in the year of the CI.

The accounting of this account must be performed in accordance with following provisions:

1. At the end of the fiscal year, the accountant must determine the delayed enterprise income tax amount that is payable to record to the delayed enterprise income tax expense, at the same time, determine the delayed income tax assets to record to the income from the enterprise income tax (making decrease accounting for the delayed enterprise income tax expense).

2. The accountant shall not be entitled to state the delayed enterprise income tax assets or the payable delayed income tax arising from the transactions which are directly acknowledged to the owner’s capital in this account.

3. At the end of the period, the accountant must transfer the difference between the arising amount of the Debit and the arising amount of the Credit of the Account 8332 – Expense for delayed income tax to the Account 69 “Undistributed profits”.

Debit:

- Expense for delayed enterprise income tax arising in the year from the acknowledge of the payable delayed income tax (which is the higher difference between the payable delayed income tax arising in the year and the payable delayed income tax that is returned in the year);

- The returned amount of the delayed enterprise income tax asset being acknowledged from previous years (which is the higher difference between the delayed enterprise income tax asset which is returned and the delayed enterprise income tax asset arising in the year);

- To transfer the difference between the arising amounts of the Credit of Account 8332 – Expense for delayed enterprise income tax that are higher than those of the Debit of Account 8332 – Expense for delayed enterprise income tax arising in the period to the Credit of Account 69 “Undistributed profits”.

Credit:

- To make decrease accounting for the delayed enterprise income tax expense (which is the higher difference between the delayed income tax asset arising in the year and the delayed income tax asset that is returned in the year).

- To make decrease accounting for the delayed enterprise income tax expense (which is the higher difference between the payable delayed income tax that is returned in the year and the payable delayed income tax arising in the year).

- To transfer the difference between the arising amounts of the Credit of Account 8332 – Expense for delayed enterprise income tax that are lower than those of the Debit of Account 8332 – Expense for delayed enterprise income tax arising in the period to the Credit of Account 69 “Undistributed profits”.

Account 8332 – Expense for delayed enterprise income tax shall have no balance at the end of the period.

28. Account 848 – Expenditure on other derivative instruments

This account is used to account amounts spent on other derivative instruments (other than monetary derivative instruments) of the CI.

Accounting contents on this account are similar to the accounting contents on accounts “Expenditures” of the CI.

29. Account 856 – Expenditure on shift meals of employees of the CI

This account is used to account the amounts spent on the shift meals of the CI’s employees in accordance with the financial regime applicable to CIs.

Accounting contents on the account 856 are similar to the accounting contents of accounts “Expenditures” of the CI.

30. To supplement following level 3 accounts to the Account 882 – Expenditure on provisions

Account 8826 – Expenditure on provisions for price fall of capital contribution, investment in shares purchase

Account 8827 – Expenditure on provisions for the commitments issued.

Accounting contents on this account shall be performed in accordance with the accounting contents of the Account 882 – Expenditure on provisions.

31. Account 938 – Other documents, written commitments received

This account is used to follow up the commitments in written documents, other commitment vouchers (other than guarantee commitment) received by the CI.

Accounting contents on this account are similar to those on Account 931.

32. Account 944 – Receivable fees that have not been collected yet

This account is used for reflecting the receivable fees of the CI that have not been collected yet.

Debit (In):

- The receivable fees that have not been collected yet

Credit (Out):

- The receivable fees that have been collected

Debit balance (remaining):

- To reflect the receivable fees that have not been collected yet.

Detailed accounting:

- To open detailed accounts for each customer.

33. To supplement following level 3 accounts to the Account 971 – Debts lost during the monitoring time:

Account 9711 – Principal debts which get lost during the monitoring time

Account 9712 – Interest debts which get lost during the monitoring time

The accounting on this account shall be performed in accordance with the accounting contents on the Account 971.

34. To supplement the account 972 – Debts lost during the payment activity

This account is used to follow up the debts, which get lost during the payment activity of the CI, have been made up by provisions for risk and are under the monitoring time for entire collection. The monitoring time on this account shall be performed in accordance with current regulations of the Ministry of Finance, after the monitoring time, the remaining balance shall be canceled.

Accounting contents on this account are similar to those on the Account 971.

Article 4. This Decision shall be effective from 01/9/2006.

Article 5. Director of Administrative Department, Director of the Finance – Accounting Department, Director of the Banking Informatics Technology Department, Heads of related units of the State Bank of Vietnam, Manager of branches of State Bank in provinces, cities under the Central Government’s management, Chairperson of the Board of Directors and General Director (Director) of credit institutions shall be responsible for the implementation of this Decision.

 

 

FOR THE GOVERNOR OF THE STATE BANK OF VIETNAM
DEPUTY GOVERNOR




Vu Thi Lien

 

APPENDIX 01

ACCOUNTS SYSTEM OF THE CREDIT INSTITUTIONS
(For reference)

Code No. of the accounts

Name of accounts

Level I

Level II

Level III

Category 1: Liquidity and investments

10

 

 

Cash, valuable documents denominated in foreign currency, precious metals and stones

 

 

 

 

 

101

 

Cash in VND

 

 

1011

Cash at the unit

 

 

1012

Cash at the unit which performs book entry accounting

 

 

1013

Cash not qualified for circulation pending disposal

 

 

1014

Cash at the ATMs

 

 

1019

Cash in transport

 

103

 

Cash in foreign currency

 

 

1031

Foreign currency at the unit

 

 

1032

Foreign currency at the unit which performs book entry accounting

 

 

1033

Foreign currency sent for consumption

 

 

1039

Foreign currency in transport

 

104

 

Valuable documents denominated in foreign currency

 

 

1041

Valuable documents in foreign currency at the unit

 

 

1043

Valuable documents in foreign currency sent for collection

 

 

1049

Valuable documents in foreign currency in transport

 

105

 

Precious metals, precious stones

 

 

1051

Gold at the unit

 

 

1052

Gold at the unit which performs book entry accounting

 

 

1053

Gold carried away for processing, creation

 

 

1054

Precious metals, precious stones in transport

 

 

1058

Other precious metals, precious stones

11

 

 

Deposits at the State Bank

 

111

 

Deposits in VND at the State Bank

 

 

1111

Deposits in the escrow account

 

 

1113

Deposits for payment purpose

 

 

1116

Margin deposits for guarantee

 

112

 

Deposits in foreign currency at the State Bank

 

 

1121

Deposits in the escrow account

 

 

1123

Deposits for payment purpose

 

 

1126

Margin deposits for guarantee

 

 

 

 

12

 

 

Investment in the Government Bills and other short-term valuable papers which are qualified for rediscount with the State Bank

 

121

 

Investment in the State Bank Bills and the Government Bills

 

 

1211

Investment in the State Bank Bills

 

 

1212

Investment in the Treasury Bills

 

122

 

Investment in other short-term valuable papers qualified for rediscount with the State Bank

 

123

 

Value of the State Bank Bills, which Credit Institutions have mortgaged for borrowing

 

129

 

Provisions for the price fall

13

 

 

Money, gold deposited at other CIs

 

131

 

Deposits  in VND at domestic CIs

 

 

1311

Demand deposits

 

 

1312

Term deposits

 

132

 

Deposits in foreign currency at domestic CIs

 

 

1321

Demand deposits

 

 

1322

Term deposits

 

133

 

Abroad deposits in foreign currency

 

 

1331

Demand deposits

 

 

1332

Term deposits

 

 

1333

Deposits for specific purpose

 

134

 

Abroad deposits in VND

 

 

1341

Demand deposits

 

 

1342

Term deposits

 

 

1343

Deposits for specific purpose

 

135

 

Gold deposited at domestic credit institutions

 

 

1351

Demand gold deposits

 

 

1352

Term gold deposits

 

136

 

Gold deposited at abroad credit institutions

 

 

1361

Demand gold deposits

 

 

1362

Term gold deposits

 

 

 

 

14

 

 

Business securities

 

141

 

Debit securities

 

 

1411

Government’s securities

 

 

1412

Securities issued by other domestic CIs

 

 

1413

Securities issued by domestic economic organizations

 

 

1414

Foreign securities

 

142

 

Capital securities

 

 

1421

Securities issued by other domestic CIs

 

 

1422

Securities issued by domestic economic organizations

 

 

1423

Foreign securities

 

148

 

Other business securities

 

149

 

Provisions for the fall of securities price

 

 

 

 

15

 

 

Investment securities ready for sale

 

151

 

Government’s Securities

 

152

 

Debt securities issued by other domestic CIs

 

153

 

Debt securities issued by domestic economic organizations

 

154

 

Foreign debt securities

 

155

 

Capital securities issued by other domestic CIs

 

156

 

Capital securities issued by domestic economic organizations

 

157

 

Foreign capital securities

 

159

 

Provisions for the fall of securities price

 

 

 

 

16

 

 

Investment securities being held till the date of maturity

 

161

 

Government’s Securities

 

162

 

Debt securities issued by other domestic CIs

 

163

 

Debt securities issued by domestic economic organizations

 

164

 

Foreign debt securities

 

169

 

Provisions for the fall of securities price

 

 

 

 

Category 2: Credit activities

20

 

 

Lending to other credit institutions

 

201

 

Lending in VND to domestic CIs

 

 

2011

Standard debts

 

 

2012

Debts which need special attention

 

 

2013

Substandard debts

 

 

2014

Doubtful debts

 

 

2015

Potentially irrecoverable debts

 

 

 

 

 

202

 

Lending in foreign currency to domestic CIs

 

 

2021

Standard debts

 

 

2022

Debts which need special attention

 

 

2023

Substandard debts

 

 

2024

Doubtful debts

 

 

2025

Potentially irrecoverable debts

 

203

 

Lending in foreign currency to foreign CIs

 

 

2031

Standard debts

 

 

2032

Debts which need special attention

 

 

2033

Substandard debts

 

 

2034

Doubtful debts

 

 

2035

Potentially irrecoverable debts

 

205

 

Discount, rediscount of commercial papers and other valuable papers

 

 

2051

Standard debts

 

 

2052

Debts which need special attention

 

 

2053

Substandard debts

 

 

2054

Doubtful debts

 

 

2055

Potentially irrecoverable debts

 

209

 

Provisions for risks

 

 

2091

Specific provisions

 

 

2092

General provisions

 

 

 

 

21

 

 

Lending to domestic economic organizations, individuals

 

211

 

Short term lending in VND

 

 

2111

Standard debts

 

 

2112

Debts which need special attention

 

 

2113

Substandard debts

 

 

2114

Doubtful debts

 

 

2115

Potentially irrecoverable debts

 

212

 

Medium term lending in VND

 

 

2121

Standard debts

 

 

2122

Debts which need special attention

 

 

2123

Substandard debts

 

 

2124

Doubtful debts

 

 

2125

Potentially irrecoverable debts

 

213

 

Long term lending in VND

 

 

2131

Standard debts

 

 

2132

Debts which need special attention

 

 

2133

Substandard debts

 

 

2134

Doubtful debts

 

 

2135

Potentially irrecoverable debts

 

214

 

Short term lending in foreign currency and gold

 

 

2141

Standard debts

 

 

2142

Debts which need special attention

 

 

2143

Substandard debts

 

 

2144

Doubtful debts

 

 

2145

Potentially irrecoverable debts

 

215

 

Medium term lending in foreign currency and gold

 

 

2151

Standard debts

 

 

2152

Debts which need special attention

 

 

2153

Substandard debts

 

 

2154

Doubtful debts

 

 

2155

Potentially irrecoverable debts

 

216

 

Long term lending in foreign currency and gold

 

 

2161

Standard debts

 

 

2162

Debts which need special attention

 

 

2163

Substandard debts

 

 

2164

Doubtful debts

 

 

2165

Potentially irrecoverable debts

 

219

 

Provisions for risks

 

 

2191

Specific provisions

 

 

2192

General provisions

 

 

 

 

22

 

 

Discount of commercial papers and Valuable papers to domestic economic organizations, individuals

 

221

 

Discount of commercial papers and valuable papers in VND

 

 

2211

Standard debts

 

 

2212

Debts which need special attention

 

 

2213

Substandard debts

 

 

2214

Doubtful debts

 

 

2215

Potentially irrecoverable debts

 

222

 

Discount of commercial papers and valuable papers in foreign currency

 

 

2221

Standard debts

 

 

2222

Debts which need special attention

 

 

2223

Substandard debts

 

 

2224

Doubtful debts

 

 

2225

Potentially irrecoverable debts

 

229

 

Provisions for risks

 

 

2291

Specific provisions

 

 

2292

General provisions

 

 

 

 

23

 

 

Finance leasing

 

231

 

Finance leasing in VND

 

 

2311

Standard debts

 

 

2312

Debts which need special attention

 

 

2313

Substandard debts

 

 

2314

Doubtful debts

 

 

2315

Potentially irrecoverable debts

 

232

 

Finance leasing in foreign currency

 

 

2321

Standard debts

 

 

2322

Debts which need special attention

 

 

2323

Substandard debts

 

 

2324

Doubtful debts

 

 

2325

Potentially irrecoverable debts

 

239

 

Provisions for risks

 

 

2391

Specific provisions

 

 

2392

General provisions

 

 

 

 

24

 

 

Guarantee

 

241

 

Payment made in lieu of customers in VND

 

 

2412

Debts which need special attention

 

 

2413

Substandard debts

 

 

2414

Doubtful debts

 

 

2415

Potentially irrecoverable debts

 

242

 

Payment made in lieu of customers in foreign currency

 

 

2422

Debts which need special attention

 

 

2423

Substandard debts

 

 

2424

Doubtful debts

 

 

2425

Potentially irrecoverable debts

 

249

 

Provisions for risks

 

 

2491

Specific provisions

 

 

2492

General provisions

 

 

 

 

25

 

 

Lending by funds financed, entrusted for investment

 

251

 

Lending in VND with funds directly financed by international organizations

 

 

2511

Standard debts

 

 

2512

Debts which need special attention

 

 

2513

Substandard debts

 

 

2514

Doubtful debts

 

 

2515

Potentially irrecoverable debts

 

252

 

Lending in VND with funds financed by the Government

 

 

2521

Standard debts

 

 

2522

Debts which need special attention

 

 

2523

Substandard debts

 

 

2524

Doubtful debts

 

 

2525

Potentially irrecoverable debts

 

253

 

Lending in VND with funds financed by other organizations, individuals

 

 

2531

Standard debts

 

 

2532

Debts which need special attention

 

 

2533

Substandard debts

 

 

2534

Doubtful debts

 

 

2535

Potentially irrecoverable debts

 

254

 

Lending in foreign currency with funds directly financed by international organizations

 

 

2541

Standard debts

 

 

2542

Debts which need special attention

 

 

2543

Substandard debts

 

 

2544

Doubtful debts

 

 

2545

Potentially irrecoverable debts

 

255

 

Lending in foreign currency with funds financed by the Government

 

 

2551

Standard debts

 

 

2552

Debts which need special attention

 

 

2553

Substandard debts

 

 

2554

Doubtful debts

 

 

2555

Potentially irrecoverable debts

 

256

 

Lending in foreign currency with funds financed by other organizations, individuals

 

 

2561

Standard debts

 

 

2562

Debts which need special attention

 

 

2563

Substandard debts

 

 

2564

Doubtful debts

 

 

2565

Potentially irrecoverable debts

 

259

 

Provisions for risks

 

 

2591

Specific provisions

 

 

2592

General provisions

 

 

 

 

26

 

 

Credits to foreign organizations, individuals

 

261

 

Short term lending VND

 

 

2611

Standard debts

 

 

2612

Debts which need special attention

 

 

2613

Substandard debts

 

 

2614

Doubtful debts

 

 

2615

Potentially irrecoverable debts

 

262

 

Medium term lending in VND

 

 

2621

Standard debts

 

 

2622

Debts which need special attention

 

 

2623

Substandard debts

 

 

2624

Doubtful debts

 

 

2625

Potentially irrecoverable debts

 

263

 

Long term lending in VND

 

 

2631

Standard debts

 

 

2632

Debts which need special attention

 

 

2633

Substandard debts

 

 

2634

Doubtful debts

 

 

2635

Potentially irrecoverable debts

 

264

 

Short term lending in foreign currency and gold

 

 

2641

Standard debts

 

 

2642

Debts which need special attention

 

 

2643

Substandard debts

 

 

2644

Doubtful debts

 

 

2645

Potentially irrecoverable debts

 

265

 

Medium term lending in foreign currency and gold

 

 

2651

Standard debts

 

 

2652

Debts which need special attention

 

 

2653

Substandard debts

 

 

2654

Doubtful debts

 

 

2655

Potentially irrecoverable debts

 

267

 

Other credits in VND

 

 

2671

Standard debts

 

 

2672

Debts which need special attention

 

 

2673

Substandard debts

 

 

2674

Doubtful debts

 

 

2675

Potentially irrecoverable debts

 

268

 

Other credits in foreign currency and gold

 

 

2681

Standard debts

 

 

2682

Debts which need special attention

 

 

2683

Substandard debts

 

 

2684

Doubtful debts

 

 

2685

Potentially irrecoverable debts

 

269

 

Provisions for risks

 

 

2691

Specific provisions

 

 

2692

General provisions

27

 

 

Other credits to domestic organizations, individuals

 

271

 

Lending with special funds

 

 

2711

Standard debts

 

 

2712

Debts which need special attention

 

 

2713

Substandard debts

 

 

2714

Doubtful debts

 

 

2715

Potentially irrecoverable debts

 

272

 

Lending for debt repayment

 

 

2721

Standard debts

 

 

2722

Debts which need special attention

 

 

2723

Substandard debts

 

 

2724

Doubtful debts

 

 

2725

Potentially irrecoverable debts

 

273

 

Lending for investment in the capital construction under the State’s plan

 

 

2731

Standard debts

 

 

2732

Debts which need special attention

 

 

2733

Substandard debts

 

 

2734

Doubtful debts

 

 

2735

Potentially irrecoverable debts

 

275

 

Other lending

 

 

2751

Standard debts

 

 

2752

Debts which need special attention

 

 

2753

Substandard debts

 

 

2754

Doubtful debts

 

 

2755

Potentially irrecoverable debts

 

279

 

Provisions for risks

 

 

2791

Specific provisions

 

 

2792

General provisions

28

 

 

Debts pending for settlement

 

281

 

Debts pending settlement secured by foreclosed assets

 

282

 

Debts with pledged assets involved in a case pending the court judgment

 

283

 

Unsettled debts, which are secured by assets

 

284

 

Unsettled debts, which do not have any secured assets and subject of repayment of which does no longer exist

 

285

 

Unsettled debts without assets security but debtors still exist and are in business

 

289

 

Provisions for risks of debts pending for settlement

29

 

 

Frozen debts

 

291

 

Short term lending

 

292

 

Medium term lending

 

293

 

Long term lending

 

299

 

Provisions for risks of frozen debts

 

 

 

 

Category 3: Fixed assets and other assets

30

 

 

Fixed assets

 

301

 

Tangible fixed assets

 

 

3012

Housing, architectural objects

 

 

3013

Machinery, equipments

 

 

3014

Means of transportation, transmission devices

 

 

3015

Equipments, tools for management

 

 

3019

Other tangible assets

 

302

 

Intangible fixed assets

 

 

3021

Land use right

 

 

3024

Computer software

 

 

3029

Other intangible fixed assets

 

303

 

Fixed assets from finance lease

 

304

 

Real estates for investment

 

305

 

Depreciation of fixed assets

 

 

3051

Depreciation of tangible fixed assets

 

 

3052

Depreciation of intangible fixed assets

 

 

3053

Depreciation of leased fixed assets

 

 

3054

Depreciation of real estates for investment

 

 

 

 

31

 

 

Other assets

 

311

 

Working tools in use

 

312

 

Value of working tools in use already charged to expenses

 

313

 

Materials

32

 

 

Capital construction, acquisition of fixed assets

 

321

 

Acquisition of fixed assets

 

322

 

Expenditures on capital construction

 

 

3221

Project expenditures

 

 

3222

Materials used for the capital construction

 

 

3223

Labour costs

 

 

3229

Other expenses

 

323

 

Fixed assets repair

34

 

 

Capital contribution, long term investment

 

341

 

Investment in subsidiary company in VND

 

342

 

Capital contribution to joint venture in VND

 

 

3421

Capital contribution to joint venture with other CIs

 

 

3422

Capital contribution to joint venture with economic organizations

 

343

 

Investment in aligned company in VND

 

344

 

Other long term investments in VND

 

345

 

Investment in subsidiary company in foreign currency

 

346

 

Capital contribution to joint venture in foreign currency

 

 

3461

Capital contribution to joint venture with other CIs

 

 

3462

Capital contribution to joint venture with economic organizations

 

347

 

Investment in aligned company in foreign currency

 

348

 

Long term investment in foreign currency

 

349

 

Provisions for the price fall of long term investment

 

 

 

 

35

 

 

External receivables

 

351

 

Deposit, pledge, mortgage

 

352

 

Embezzlement, misuse

 

353

 

Payment to the State Budget

 

 

3531

Advanced payment to the State Budget

 

 

3532

Input VAT

 

 

3535

Delayed income tax asset

 

 

3539

Amounts pending the payment by the State Budget

 

355

 

Expenses for the settlement of debt security assets

 

359

 

Other receivables

 

 

 

 

36

 

 

Internal receivables

 

361

 

Advances and internal receivables in VND

 

 

3612

Advance for operational activities

 

 

3613

Advance for salary, business travel expenses to officers, employees

 

 

3614

Embezzlement, loss of money, assets pending settlement

 

 

3615

Payments to be compensated by officers, employees of the credit institution

 

 

3619

Other receivables

 

362

 

Advances and internal receivables in foreign currency

 

 

3622

Advance for oversea representative offices, branches

 

 

3623

Advance for business travel expenses to officers, employees

 

 

3629

Other receivables

 

366

 

Receivables from internal transactions

 

 

3661

Receivables from branches

 

 

3662

Receivables from the Head office

 

369

 

Other receivables

 

 

3692

Value of debts handed over to the debts management and assets exploitation Company

 

 

3699

Other receivables

 

 

 

 

38

 

 

Other Assets

 

381

 

Capital contribution for co-financing in VND

 

382

 

Capital contribution for co-financing in foreign currency

 

383

 

Investment in trust, lending in VND

 

384

 

Investment in trust, lending in foreign currency

 

385

 

Investment in VND in finance leasing equipment

 

386

 

Investment in foreign currency in finance leasing equipment

 

387

 

Foreclosed assets, the ownership of which has been transferred to the CI, pending disposal

 

388

 

Expenses pending for apportion

 

389

 

Other assets

 

 

 

 

39

 

 

Receivable fee and interests

 

391

 

Receivable interest from the deposits

 

 

3911

Receivable interest from deposits in VND

 

 

3912

Receivable interest from the deposits in foreign currency

 

392

 

Receivable interest from the securities investment

 

 

3921

Interest receivable from the State Bank Bills and Treasury Bills

 

 

3922

Interest receivable from investment securities ready for sale

 

 

3923

Interest receivable from investment securities held till the maturity date

 

394

 

Receivable interest from credit activities

 

 

3941

Receivable interest from the lending in VND

 

 

3942

Receivable interest from the lending in foreign currency and gold

 

 

3943

Receivable interest from finance leasing

 

 

3944

Receivable interest from the amounts paid in lieu of customers

 

396

 

Receivable interest from the derivative instruments

 

 

3961

Swap transactions

 

 

3962

Forward transactions

 

 

3963

Futures transactions

 

 

3964

OPTIONS transactions

 

397

 

Receivable fees

 

 

 

 

Category 4: Payables

40

 

 

Debts due to the Government and State Bank of Vietnam

 

401

 

Deposits of the State Treasury in VND

 

402

 

Deposits of the State Treasury in foreign currency

 

403

 

Borrowing from the State Bank in VND

 

 

4031

Borrowing on the basis of credit file

 

 

4032

Borrowing through the discount, rediscount of short-term valuable paper

 

 

4033

Borrowing against mortgage of valuable paper

 

 

4034

Borrowing in the clearing settlement

 

 

4035

Borrowing under a special support

 

 

4038

Other borrowings

 

 

4039

Overdue debts

 

404

 

Borrowing from the State Bank in foreign currency

 

 

4041

Current debts

 

 

4049

Overdue debts

 

 

 

 

41

 

 

Debts due to other Credit Institutions

 

411

 

Deposits of domestic CIs in VND

 

 

4111

Demand deposits

 

 

4112

Term deposits

 

412

 

Deposits of domestic CIs in foreign currency

 

 

4121

Demand deposits

 

 

4122

Term deposits

 

413

 

Deposits in VND of oversea banks

 

 

4131

Demand deposits

 

 

4132

Term deposits

 

414

 

Deposits in foreign currency of oversea banks

 

 

4141

Demand deposits

 

 

4142

Term deposits

 

415

 

Borrowing from domestic credit institutions in VND

 

 

4151

Current debts

 

 

4159

Overdue debts

 

416

 

Borrowing from domestic credit institutions in foreign currency

 

 

4161

Current debts

 

 

4169

Overdue debts

 

417

 

Borrowing from oversea banks in VND

 

 

4171

Current debts

 

 

4179

Overdue debts

 

418

 

Borrowing from oversea banks in foreign currency

 

 

4181

Current debts

 

 

4189

Overdue debts

 

419

 

Borrowing through discount, rediscount of commercial papers and other valuable papers

 

 

 

 

42

 

 

Deposits of customers

 

421

 

Deposits of domestic customers in VND

 

 

4211

Demand deposits

 

 

4212

Term deposits

 

 

4214

Deposits for specific purpose

 

422

 

Deposits of domestic customers in foreign currency

 

 

4221

Demand deposits

 

 

4222

Term deposits

 

 

4224

Deposits for specific purpose

 

423

 

Savings deposits in VND

 

 

4231

Demand savings deposits

 

 

4232

Term savings deposits

 

 

4238

Other savings deposits

 

424

 

Savings deposits in foreign currency and gold

 

 

4241

Demand savings deposits

 

 

4242

Term savings deposits

 

425

 

Deposits of foreign customers in VND

 

 

4251

Demand deposits

 

 

4252

Term deposits

 

 

4254

Deposits for specific purpose

 

426

 

Deposits of foreign customers in foreign currency

 

 

4261

Demand deposits

 

 

4262

Term deposits

 

 

4264

Deposits for specific purpose

 

427

 

Deposited amounts in VND

 

 

4271

Deposits for the security of cheque payment

 

 

4272

Deposits for the opening of L/C

 

 

4273

Deposits for the security of card payment

 

 

4274

Deposits for the guarantee

 

 

4277

Deposits for the security of finance lease

 

 

4279

Deposits for the security of other payments

 

428

 

Deposited amounts in foreign currency

 

 

4281

Deposits for the security of cheque payment

 

 

4282

Deposits for the opening of L/C

 

 

4283

Deposits for the security of card payment

 

 

4284

Deposits for the guarantee

 

 

4287

Deposits for the security of finance lease

 

 

4289

Deposits for the security of other payments

 

 

 

 

43

 

 

Credit Institution that issues valuable papers

 

431

 

Face value of valuable papers denominated in VND

 

432

 

Discount of valuable papers denominated in VND

 

433

 

Additional of valuable papers in VND

 

434

 

Face value of valuable papers denominated in foreign currency and gold

 

435

 

Discount of valuable papers denominated in foreign currency and gold

 

436

 

Additional of valuable papers in foreign currency and gold

 

 

 

 

44

 

 

Funds financed, entrusted for investment, lending

 

441

 

Funds financed, entrusted for investment, lending in VND

 

 

4411

Funds directly received from the international organizations

 

 

4412

Funds received from the Government

 

 

4413

Funds received from other organizations, individuals

 

442

 

Funds financed, entrusted for investment, lending in foreign currency

 

 

4421

Funds directly received from the international organizations

 

 

4422

Funds received from the Government

 

 

4423

Funds received from other organizations, individuals

 

 

 

 

45

 

 

External payables

 

451

 

Payables for the capital construction, acquisition of fixed assets

 

452

 

Funds administered for customers pending payment

 

 

4521

Funds administered for customers pending payment

 

 

4523

Payment to customers for cash not qualified for circulation pending disposal

 

453

 

Taxes and other payables to be surrendered to the State

 

 

4531

VAT to be paid

 

 

4534

Enterprise income tax

 

 

4535

Payable delayed income tax

 

 

4538

Other taxes

 

 

4539

Other payables

 

454

 

Transfer payable in VND

 

455

 

Transfer payable in foreign currency

 

458

 

Difference between the sale and purchase of debts pending settlement

 

459

 

Other amounts pending payment

 

 

4591

Amounts collected from the sale of debts, debt security assets or from the exploitation of debt security assets.

 

 

4599

Others amounts pending payment

 

 

 

 

46

 

 

Internal payables

 

461

 

Excessive funds in vault, excessive assets pending settlement

 

462

 

Payables to staff, employees of the credit institution

 

466

 

Payables from the internal transactions of the CI

 

 

4661

Payables to branches

 

 

4662

Payables to the Head office

 

467

 

Value of debts received from commercial banks for administration and exploitation

 

469

 

Other payables

 

 

 

 

47

 

 

Foreign exchange transactions

 

471

 

Purchase, sale of foreign currency in dealing transactions

 

 

4711

Purchase, sale of foreign currency in dealing transactions

 

 

4712

Payments for foreign currency purchase, sale in dealing transactions

 

473

 

SWAP transactions

 

 

4731

Commitment for currency SWAP transactions

 

 

4732

Value of currency SWAP transactions

 

474

 

FORWARD transactions

 

 

4741

Commitment for currency FORWARD transactions

 

 

4742

Value of currency FORWARD transactions

 

475

 

FUTURES transactions

 

 

4751

Commitment for currency FUTURES transactions

 

 

4752

Value of currency FUTURES transactions

 

476

 

OPTIONS transactions

 

 

4761

Commitment for currency OPTIONS transactions

 

 

4762

Value of currency OPTIONS transactions

 

478

 

Sale of gold, silver, precious stones

 

 

 

 

48

 

 

Other Liabilities

 

481

 

Funds received for co-financing loan in VND

 

482

 

Funds received for co-financing loan in foreign currency

 

483

 

Receiving funds entrusted for investment, lending in VND

 

484

 

Receiving funds entrusted for investment, lending in foreign currency

 

485

 

Provisions for severance allowance

 

486

 

Payment for derivative instruments

 

 

4861

Payment for SWAP transactions

 

 

4862

Payment for FORWARD transactions

 

 

4863

Payment for FUTURES transactions

 

 

4864

Payment for OPTIONS transactions

 

487

 

Debt components of the Preference shares

 

488

 

Income pending allocation

 

489

 

Provisions for other risks

 

 

4891

Provisions for other payment services

 

 

4892

Provisions for the decline of inventory's prices

 

 

4895

General provisions for commitments issued

 

 

4899

Provisions for other risks

 

 

 

 

49

 

 

Payable fees and interest

 

491

 

Interest payable for deposits

 

 

4911

Interests payable for deposits in VND

 

 

4912

Interests payable for deposits in foreign currency

 

 

4913

Interests payable for savings deposits in VND

 

 

4914

Interests payable for savings deposits in foreign currency and gold

 

492

 

Interest payable for the issuance of valuable papers

 

 

4921

Interests payable for issued valuable papers in VND

 

 

4922

Interests payable for issued valuable papers in foreign currency

 

493

 

Interests payable for loans

 

 

4931

Interests payable for loans in VND

 

 

4932

Interests payable for loans in foreign currency

 

494

 

Interests payable for funds financed, entrusted for investment,  lending

 

 

4941

Interests payable for funds financed, entrusted for investment in VND

 

 

4942

Interests payable for funds financed, entrusted for investment in foreign currency

 

496

 

Interests payable for derivative instruments

 

 

4961

SWAP transactions

 

 

4962

FORWARD transactions

 

 

4963

FUTURES transactions

 

 

4964

OPTIONS transactions

 

497

 

Payable fees

 

 

 

 

Category 5: Payment activities

50

 

 

Payment among credit institutions

 

501

 

Clearing payment among Banks

 

 

5011

Clearing payment of the Agent bank

 

 

5012

Clearing payment of the member bank

 

502

 

Authorized collection, payment among credit institutions

 

509

 

Other payments among credit institutions

 

 

 

 

51

 

 

Payment for money transfer

 

511

 

Transfer of money in current year of money transfer units

 

 

5111

Outgoing transfer in the current year

 

 

5112

Incoming transfer in the current year

 

 

5113

Incoming transfer in the current year pending settlement

 

512

 

Transfer of money in previous year of money transfer units

 

 

5121

Outgoing transfer in the previous year

 

 

5122

Incoming transfer in the previous year

 

 

5123

Incoming transfer in the previous year pending settlement

 

513

 

Payment of transfer in current year at the Payment Center

 

 

5131

Payment of outgoing transfer in current year

 

 

5132

Payment of incoming transfer in current year

 

 

5133

Payment of incoming transfer in current year pending settlement

 

514

 

Payment of transfer in previous year at the Settlement Center

 

 

5141

Payment of outgoing transfer in previous year

 

 

5142

Payment of incoming transfer in previous year

 

 

5143

Payment of incoming transfer in previous year pending settlement

 

519

 

Other payment between units of each bank

 

 

5191

Internal funds transfer

 

 

5192

Collection, payment on behalf of other units

 

 

5199

Other payments

 

 

 

 

52

 

 

Inter-bank payment

 

521

 

Inter bank payment in current year of the entire banking system

 

 

5211

Outgoing inter-bank documents in current year

 

 

5212

Incoming inter-bank documents in current year

 

 

5213

Incoming inter-bank documents in current year, which have been reconciled

 

 

5214

Incoming inter-bank documents in current year pending reconciliation

 

 

5215

Erroneous incoming inter-bank documents in current year

 

522

 

Inter bank payment in the previous year of the whole banking system

 

 

5221

Outgoing inter-bank documents in the previous year

 

 

5222

Incoming inter-bank documents in the previous year

 

 

5223

Incoming inter-bank documents in the previous year, which have been reconciled

 

 

5224

Incoming inter-bank documents in the previous year pending reconciliation

 

 

5225

Erroneous incoming inter-bank documents in the previous year

 

 

5226

Accumulation of outgoing inter-bank documents in the previous year

 

 

5227

Accumulation of incoming inter-bank documents in the previous year

 

523

 

Inter-bank payment in current year in each province, city

 

 

5231

Outgoing inter-bank documents in current year in each province, city

 

 

5232

Incoming inter-bank documents in current year in each province, city

 

 

5233

Incoming inter-bank documents in current in each province, city which have been reconciled

 

 

5234

Incoming inter-bank documents in current year pending reconciliation in each province, city

 

 

5235

Erroneous incoming inter-bank documents in current year in each province, city

 

524

 

Inter-bank payment in previous year in each province, city

 

 

5241

Outgoing inter-bank documents in previous year in each province, city

 

 

5242

Incoming inter-bank documents in previous year in each province, city

 

 

5243

Incoming inter-bank documents in previous year in each province, city which have been reconciled

 

 

5244

Incoming inter-bank documents in previous year pending reconciliation in each province, city

 

 

5245

Erroneous incoming inter-bank documents in previous year in each province, city

 

 

5246

Accumulation of outgoing inter-bank documents in previous year in each province, city

 

 

5247

Accumulation of incoming inter-bank documents in previous year in each province, city

 

 

 

 

56

 

 

Payment with oversea Banks

 

562

 

Bilateral payment

 

563

 

Multilateral payment

 

569

 

Other payments

 

 

 

 

Category 6: Owner capital

60

 

 

Capital of credit institutions

 

601

 

Charter Capital

 

602

 

Capital invested in capital construction, fixed assets acquisition

 

603

 

Surplus of voting shares

 

604

 

Fund share

 

609

 

Other capitals

61

 

 

Fund of credit institutions

 

611

 

Reserve Fund for supplement to the charter capital

 

612

 

Fund for Investment & development

 

 

6121

Fund for Investment and Development

 

 

6122

Fund for scientific research and training

 

613

 

Finance reserve fund

 

619

 

Other Funds

 

 

 

 

62

 

 

Bonus and Welfare Fund

 

621

 

Bonus Fund

 

622

 

Welfare Fund

 

623

 

Welfare Fund in form of fixed assets

 

 

 

 

63

 

 

Difference in foreign exchange rates, Gold, Silver, precious stones

 

631

 

Difference in foreign exchange rates

 

 

6311

Foreign exchange rate difference revaluated at the reporting time

 

 

6312

Difference in foreign exchange rates in the stage of the investment in capital construction

 

 

6313

Difference in foreign exchange rates due to the change in financial statement

 

632

 

Difference due to the revaluation of Gold, Silver, precious stones

 

633

 

Difference due to revaluation of derivative instruments

 

 

6331

Swap transaction

 

 

6332

Forward transaction

 

 

6334

Currency Futures transaction

 

 

6335

Currency Options transaction

 

 

6338

Other derivative instruments

64

 

 

Difference due to the revaluation of assets

 

641

 

Difference due to the revaluation of assets

 

642

 

Difference due to  the revaluation of fixed assets

 

 

 

 

65

 

 

Preference shares

69

 

 

Undistributed profits

 

691

 

Profits of current year

 

692

 

Profits of previous year

 

 

 

 

Category 7: Income

70

 

 

Income from credit activities

 

701

 

Income from deposit interests

 

702

 

Income from loan interests

 

703

 

Income from securities investment interests

 

705

 

Income from finance leasing interests

 

709

 

Other incomes from credit activities

 

 

 

 

71

 

 

Fee income from service activities

 

711

 

Income from payment services

 

712

 

Income from guarantee operation

 

713

 

Income from treasury services

 

714

 

Income from trust and agent operation

 

715

 

Income from the consultancy service

 

716

 

Income from insurance business and service

 

717

 

Income from discount operation fee

 

718

 

Income from the safe keeping service and safe box rental

 

719

 

Other incomes

 

 

 

 

72

 

 

Income from foreign exchange business activities

 

721

 

Income from foreign currency business

 

722

 

Income from gold business

 

723

 

Income from monetary derivative instruments

 

 

 

 

74

 

 

Income from other business activities

 

741

 

Income from securities business

 

742

 

Income from sale - purchase of debts

 

748

 

Income from other derivative instruments

 

749

 

Income from other business activities

 

 

 

 

78

 

 

Income from capital contribution, shares purchase

 

 

 

 

79

 

 

Other incomes

 

 

 

 

Category 8: Expenditures

80

 

 

Expenditure on credit activities

 

801

 

Payment of deposit interests

 

802

 

Payment of loan interests

 

803

 

Interest payment of issuance of valuable papers

 

805

 

Payment of finance lease interest

 

809

 

Other expenditures

 

 

 

 

81

 

 

Expenditure on service activities

 

811

 

Expenditure on payment service

 

812

 

Payment of telecommunication network fee

 

813

 

Expenditure on treasury service

 

 

8131

Transport, loading and discharging of cash

 

 

8132

Counting, sorting and packing of cash

 

 

8133

Cash security

 

 

8134

Other expenses

 

814

 

Expenditure on trust operation and agent activities

 

815

 

Expenditure on consultancy services

 

816

 

Expenditure on commission, brokerage fees

 

819

 

Other expenditures

 

 

 

 

82

 

 

Expenditure on foreign exchange business activities

 

821

 

Expenditure on foreign currency business

 

822

 

Expenditure on gold business

 

823

 

Expenditure on monetary derivative instruments

 

 

 

 

83

 

 

Payment of taxes, fees and charges

 

831

 

Payment of taxes

 

832

 

Payment of fees and charges

 

833

 

Expense for enterprise income tax

 

 

8331

Expense for current enterprise income tax

 

 

8332

Expense for delayed enterprise income tax

 

 

 

 

84

 

 

Expenditure on other business activities

 

841

 

Expenditure on securities business

 

842

 

Expenditure related to finance leasing operation

 

848

 

Expenditure on other derivative instruments

 

849

 

Expenditure on other business activities

 

 

 

 

85

 

 

Expenditure on employees

 

851

 

Salary and allowance

 

 

8511

Salary and supplement to the salary

 

852

 

Expenditure on company uniform and means of labour safety

 

853

 

Expenditure on the salary- related contribution

 

 

8531

Social Insurance

 

 

8532

Health insurance

 

 

8533

Labour insurance

 

 

8534

Trade union fee

 

 

8539

Other contributions under applicable regime

 

854

 

Payment of subsidy

 

 

8541

Disadvantageous subsidy

 

 

8542

Subsidy for termination of labour contract

 

 

8549

Other subsidies

 

855

 

Payment for social activities

 

856

 

Payment for shift meals of employees of the CI

 

 

 

 

86

 

 

Expenditure on management and public service activities

 

861

 

Payment of materials and printing paper

 

 

8611

Stationery

 

 

8612

Printing paper

 

 

8613

Information carrier

 

 

8614

Gasoline

 

 

8619

Other materials

 

862

 

Business travel expense

 

863

 

Expenditure on operation training

 

864

 

Expenditure on R/D and application of technological science, innovation, improvement

 

865

 

Expenditure on post and telephone charge

 

866

 

Expenditure on publication of documents, propagation, advertisement, marketing, promotion

 

867

 

Expenditure on acquisition, subscription of documents, newspaper

 

868

 

Expenditure on union activities of the credit institution

 

869

 

Other managerial expenditures

 

 

8691

Electricity, water supply, office hygiene

 

 

8692

Health care

 

 

8693

Meeting

 

 

8694

Reception, festivals

 

 

8695

Auditing, inspection, control of the credit institution's activities

 

 

8696

Hire of local and/or foreign experts

 

 

8697

Fire protection and fire fighting

 

 

8699

Other expenses

 

 

 

 

87

 

 

Expenditure on assets

 

871

 

Basic depreciation of fixed assets

 

872

 

Maintenance and repair of assets

 

874

 

Acquisition of working tools

 

875

 

Payment of assets insurance

 

876

 

Payment of assets lease fees

 

 

 

 

88

 

 

Expenditure on provisions, preservation and insurance for customers’ deposits

 

882

 

Expenditure on provisions

 

 

8821

Provisions for the decline of Gold’s, foreign currencies’ price

 

 

8822

Provisions for debts difficult to collect

 

 

8823

Provisions for the decline of securities price

 

 

8824

Provisions for payment services

 

 

8825

Provisions for the decline of inventory's price

 

 

8826

Provisions for the price fall of investment securities, share purchase

 

 

8827

Provisions for commitments issued

 

 

8829

Provisions for other risks

 

883

 

Expenditure on payment of insurance premium, preservation fee for customers’ deposits

 

 

 

 

89

 

 

Other expenditures

 

 

 

 

Category 9: Off- balance sheet accounts

90

 

 

Money not valid for circulation

 

901

 

Money not valid for circulation

 

 

9011

Specimen money

 

 

9012

Keepsake money

 

 

9019

Money suspected of fake, destroyed notes pending disposal

91

 

 

Foreign currency and documents denominated in foreign currency

 

911

 

Foreign currency

 

 

9113

Foreign currency to be collected from overseas for customers

 

 

9114

Foreign currency not qualified for circulation pending disposal

 

912

 

Documents denominated in foreign currency

 

 

9121

Documents denominated in foreign currency used as specimen

 

 

9122

Documents denominated in foreign currency kept or collected for customers

 

 

9123

Documents denominated in foreign currency sent abroad for authorized collection

 

 

9124

Documents denominated in foreign currency received from abroad pending payment

 

 

 

 

92

 

 

Documents, written commitments issued

 

921

 

Commitment on the guarantee issued to customers

 

 

9211

Borrowing guarantee

 

 

9212

Payment guarantee

 

 

9213

Contract performance guarantee

 

 

9214

Bid guarantee

 

 

9215

Commitment in deferred L/c operation

 

 

9216

Commitment in at sight L/c operation

 

 

9219

Other guarantee commitments

 

923

 

Commitment on the foreign exchange transactions

 

 

9231

Commitment on the spot purchase of foreign currency

 

 

9232

Commitment on the spot sale of foreign currency

 

 

9233

Commitment on the forward purchase of foreign currency

 

 

9234

Commitment on the forward sale of foreign currency

 

 

9235

Commitment on the currency swap transaction