Tuesday, 10/04/2012 15:50

SBV administrative reform Plan in 2012

The Governor of the State Bank of Vietnam issued Decision No. 582/QD-NHNN on April 4 on the SBV Plan of Administrative Reform in 2012.

Accordingly, the SBV Plan of Administrative Reform in 2012 contains the following key tasks: renovating the institutional framework with a focus on developing the guidelines of the Law on SBV and the Law on Credit Institutions, revising the Foreign Exchange Ordinance  associated with the administrative reform in order to improve the effectiveness and efficiency of SBV management in the monetary and banking field, hence meeting the requirements of socialist-oriented economic development and international integration.

To achieve the above-mentioned objectives, SBV set the key tasks of the 2012 administrative reform as follows: (i) renovating the institutional framework, (ii) reforming administrative procedures, (iii) reforming organizational apparatus, (iv) developing and enhancing the quality of staff; (v) reforming public finance (vi) and modernizing the state administrative work.

In terms of the institutional framework reform, SBV should continue to formulate and develop the legal system of monetary and banking operations in accordance with international practices and standards and Vietnam’s conditions, specially focusing on developing the guidelines of the Law on SBV and the Law on Credit Institutions, revising the Foreign Exchange Ordinance ; and completing two projects of the Law on  Deposit Insurance and the Law on Anti-Money Laundering in order to submit it to the National Assembly for approval in 2012. At the same time, SBV should improve the quality and renovate the process of formulating legal documents in line with the requirements of formulating and promulgating institutional framework; focusing resources on formulating and issuing legal documents in accordance with the law formulating agenda and procedures.

Regarding the tasks of the administrative reform, SBV should comply with the plan on controlling the administrative procedures; complete the implementation of the plans on  administrative procedure simplification within its jurisdiction under the Resolution of the Government; reviewing regulations on administrative procedures within its jurisdiction; strictly controlling the issuance, replacement and revision of administrative procedures in the monetary and banking field; promptly publicizing the regulations and administrative procedures within its jurisdiction on the National Database and SBV Website; promptly receiving and processing inputs and proposals of organizations and individuals about administrative regulations within its jurisdiction.

In terms of reforming the organizational structure, SBV should submit the Government for issuance and revision of Decree No. 96/2008/ND-CP dated August 26, 2008 on the functions, duties, powers and organizational structure of SBV in accordance with Decree No. 178/2007/ND-CP dated March 12, 2007 stipulating functions, duties, mandates and organizational structure of ministries and ministerial-level agencies.

In addition, to improve the quality of its staff, SBV should  revise regulations on training and assessment of staff in consistence with the requirements and management functions of SBV in the current period; and renovate the plans and improve the quality of training associated with the objectives and strategic solutions on the development of the banking sector.

The 2012 administrative reform plan also outlines the specific duties for the public finance reform and administrative modernization, specially focusing on the promotion of the information technology application in the SBV operations, formulating and completing the Project of online public services at the 3rd and 4th levels for the administrative procedures within its jurisdiction by 2015.

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