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

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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:

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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

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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:

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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:

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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

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- 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:

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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:

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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”.

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“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

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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

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- 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

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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

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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.

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- 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.

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“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

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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

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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.

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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

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- 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:

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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:

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+ 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:

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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.

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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.

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- 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:

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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;

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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:

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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:

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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

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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”.

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“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.

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- 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

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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

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- 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:

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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”.

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“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”.

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- 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

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- 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”.

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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:

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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

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- 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:

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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.

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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:

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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.

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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:

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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

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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

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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).

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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

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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:

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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

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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

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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

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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

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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

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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.

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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

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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…

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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

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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:

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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:

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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

=

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+

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.

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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:

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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

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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.

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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:

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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:

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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:

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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.

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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.

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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:

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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:

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- 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:

...

...

...

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.

...

...

...

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:

...

...

...

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).

...

...

...

- 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)

...

...

...

- 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 ).

...

...

...

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:

...

...

...

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

...

...

...

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.

...

...

...

- 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.

...

...

...

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:

...

...

...

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 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.

...

...

...

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).

...

...

...

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”.

...

...

...

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.

...

...

...

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

...

...

...

- 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.

...

...

...

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

...

...

...

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

...

...

...

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

...

...

...

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

...

...

...

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

...

...

...

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

...

...

...

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

...

...

...

1121

Deposits in the escrow account

1123

Deposits for payment purpose

...

...

...

1126

Margin deposits for guarantee

12

...

...

...

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

...

...

...

129

Provisions for the price fall

13

Money, gold deposited at other CIs

...

...

...

Deposits  in VND at domestic CIs

1311

Demand deposits

1312

...

...

...

132

Deposits in foreign currency at domestic CIs

1321

Demand deposits

...

...

...

1322

Term deposits

133

Abroad deposits in foreign currency

1331

...

...

...

1332

Term deposits

1333

Deposits for specific purpose

...

...

...

Abroad deposits in VND

1341

Demand deposits

1342

...

...

...

1343

Deposits for specific purpose

135

Gold deposited at domestic credit institutions

...

...

...

1351

Demand gold deposits

1352

Term gold deposits

136

...

...

...

1361

Demand gold deposits

1362

Term gold deposits

...

...

...

14

Business securities

141

...

...

...

1411

Government’s securities

1412

Securities issued by other domestic CIs

...

...

...

1413

Securities issued by domestic economic organizations

1414

Foreign securities

142

...

...

...

1421

Securities issued by other domestic CIs

1422

Securities issued by domestic economic organizations

...

...

...

1423

Foreign securities

148

Other business securities

149

...

...

...

15

Investment securities ready for sale

...

...

...

Government’s Securities

152

Debt securities issued by other domestic CIs

153

...

...

...

154

Foreign debt securities

155

Capital securities issued by other domestic CIs

...

...

...

Capital securities issued by domestic economic organizations

157

Foreign capital securities

159

...

...

...

16

Investment securities being held till the date of maturity

...

...

...

Government’s Securities

162

Debt securities issued by other domestic CIs

163

...

...

...

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

...

...

...

Potentially irrecoverable debts

202

Lending in foreign currency to domestic CIs

...

...

...

2021

Standard debts

2022

Debts which need special attention

...

...

...

Substandard debts

2024

Doubtful debts

2025

Potentially irrecoverable debts

...

...

...

203

Lending in foreign currency to foreign CIs

2031

Standard debts

...

...

...

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

...

...

...

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

...

...

...

Potentially irrecoverable debts

212

Medium term lending in VND

2121

Standard debts

...

...

...

2122

Debts which need special attention

2123

Substandard debts

...

...

...

Doubtful debts

2125

Potentially irrecoverable debts

213

Long term lending in VND

...

...

...

2131

Standard debts

2132

Debts which need special attention

...

...

...

Substandard debts

2134

Doubtful debts

2135

Potentially irrecoverable debts

...

...

...

214

Short term lending in foreign currency and gold

2141

Standard debts

...

...

...

Debts which need special attention

2143

Substandard debts

2144

Doubtful debts

...

...

...

2145

Potentially irrecoverable debts

215

Medium term lending in foreign currency and gold

...

...

...

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

...

...

...

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

...

...

...

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

...

...

...

Substandard debts

2224

Doubtful debts

2225

Potentially irrecoverable debts

...

...

...

229

Provisions for risks

2291

Specific provisions

...

...

...

General provisions

23

Finance leasing

...

...

...

231

Finance leasing in VND

2311

Standard debts

...

...

...

Debts which need special attention

2313

Substandard debts

2314

Doubtful debts

...

...

...

2315

Potentially irrecoverable debts

232

Finance leasing in foreign currency

...

...

...

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

...

...

...

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

...

...

...

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

...

...

...

Substandard debts

2534

Doubtful debts

2535

Potentially irrecoverable debts

...

...

...

254

Lending in foreign currency with funds directly financed by international organizations

2541

Standard debts

...

...

...

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

...

...

...

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

...

...

...

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

...

...

...

Doubtful debts

2615

Potentially irrecoverable debts

262

Medium term lending in VND

...

...

...

2621

Standard debts

2622

Debts which need special attention

...

...

...

Substandard debts

2624

Doubtful debts

2625

Potentially irrecoverable debts

...

...

...

263

Long term lending in VND

2631

Standard debts

...

...

...

Debts which need special attention

2633

Substandard debts

2634

Doubtful debts

...

...

...

2635

Potentially irrecoverable debts

264

Short term lending in foreign currency and gold

...

...

...

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

...

...

...

Potentially irrecoverable debts

267

Other credits in VND

2671

Standard debts

...

...

...

2672

Debts which need special attention

2673

Substandard debts

...

...

...

Doubtful debts

2675

Potentially irrecoverable debts

268

Other credits in foreign currency and gold

...

...

...

2681

Standard debts

2682

Debts which need special attention

...

...

...

Substandard debts

2684

Doubtful debts

2685

Potentially irrecoverable debts

...

...

...

269

Provisions for risks

2691

Specific provisions

...

...

...

General provisions

27

Other credits to domestic organizations, individuals

271

Lending with special funds

...

...

...

2711

Standard debts

2712

Debts which need special attention

...

...

...

Substandard debts

2714

Doubtful debts

2715

Potentially irrecoverable debts

...

...

...

272

Lending for debt repayment

2721

Standard debts

...

...

...

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

...

...

...

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

...

...

...

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

...

...

...

301

Tangible fixed assets

3012

Housing, architectural objects

...

...

...

3013

Machinery, equipments

3014

Means of transportation, transmission devices

3015

...

...

...

3019

Other tangible assets

302

Intangible fixed assets

...

...

...

3021

Land use right

3024

Computer software

3029

...

...

...

303

Fixed assets from finance lease

304

Real estates for investment

...

...

...

Depreciation of fixed assets

3051

Depreciation of tangible fixed assets

3052

...

...

...

3053

Depreciation of leased fixed assets

3054

Depreciation of real estates for investment

...

...

...

31

Other assets

311

...

...

...

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

...

...

...

3221

Project expenditures

3222

Materials used for the capital construction

...

...

...

3223

Labour costs

3229

Other expenses

323

...

...

...

34

Capital contribution, long term investment

341

Investment in subsidiary company in VND

...

...

...

Capital contribution to joint venture in VND

3421

Capital contribution to joint venture with other CIs

3422

...

...

...

343

Investment in aligned company in VND

344

Other long term investments in VND

...

...

...

Investment in subsidiary company in foreign currency

346

Capital contribution to joint venture in foreign currency

3461

...

...

...

3462

Capital contribution to joint venture with economic organizations

347

Investment in aligned company in foreign currency

...

...

...

Long term investment in foreign currency

349

Provisions for the price fall of long term investment

...

...

...

35

External receivables

351

Deposit, pledge, mortgage

...

...

...

Embezzlement, misuse

353

Payment to the State Budget

3531

...

...

...

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

...

...

...

36

Internal receivables

...

...

...

Advances and internal receivables in VND

3612

Advance for operational activities

3613

...

...

...

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

...

...

...

3623

Advance for business travel expenses to officers, employees

3629

Other receivables

...

...

...

Receivables from internal transactions

3661

Receivables from branches

3662

...

...

...

369

Other receivables

3692

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

...

...

...

3699

Other receivables

38

...

...

...

381

Capital contribution for co-financing in VND

382

Capital contribution for co-financing in foreign currency

...

...

...

Investment in trust, lending in VND

384

Investment in trust, lending in foreign currency

385

...

...

...

386

Investment in foreign currency in finance leasing equipment

387

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

...

...

...

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

...

...

...

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

...

...

...

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

...

...

...

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

...

...

...

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

...

...

...

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

...

...

...

Term deposits

414

Deposits in foreign currency of oversea banks

4141

Demand deposits

...

...

...

4142

Term deposits

415

Borrowing from domestic credit institutions in VND

...

...

...

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

...

...

...

Overdue debts

419

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

...

...

...

Deposits of customers

421

Deposits of domestic customers in VND

...

...

...

Demand deposits

4212

Term deposits

4214

Deposits for specific purpose

...

...

...

422

Deposits of domestic customers in foreign currency

4221

Demand deposits

...

...

...

Term deposits

4224

Deposits for specific purpose

423

Savings deposits in VND

...

...

...

4231

Demand savings deposits

4232

Term savings deposits

...

...

...

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

...

...

...

Demand deposits

4252

Term deposits

4254

Deposits for specific purpose

...