On November 16, 2018, the State Bank of Vietnam issued Circular No. 26/2018/TT-NHNN regulating the statistical survey of money, banking and foreign exchange outside the National Statistical Survey Program. This Circular takes effect from December 31, 2018.
Accordingly, the types of monetary and banking statistical surveys of the State Bank include 1. Statistical surveys under the Monetary and Banking Statistical Survey Program. 2. Investigation of unexpected monetary and banking statistics. Specifically:
About statistical survey under the Program of Monetary and Banking Statistics Survey: Based on the functions and tasks assigned and requesting information for management and administration, no later than October 5 every year, units of the State Bank propose surveys to be carried out periodically. (if any) to supplement the Monetary and Banking Statistical Survey Program. On the basis of the proposals of the units (if any), by December 30 every year, the Forecast and Statistics Department shall sum up and submit them to the Governor for consideration and decision to amend and supplement the investigation program. Statistics of currencies and banks.
Regarding the survey of monetary statistics and unexpected banks: The Circular clearly stated that the investigation of monetary and banking statistics unexpectedly when it required to collect unexpected information in the monetary and banking fields and not under the program of monetary and banking statistics survey.
In addition, the principle of monetary and banking statistical survey activities is also regulated as follows: (1) ensuring honesty, objectivity, accuracy, completeness, and timeliness; (2) ensuring professional independence and statistics, ensuring professional consistency; (3) do not organize a duplicate statistical survey, overlapping content with other statistical surveys; (4) publicity on methods of conducting statistical surveys and publishing statistical survey information according to the provisions of law; (5) ensuring equal rights in accessing and using published statistical survey information.
Information and results of statistical surveys must be kept confidential including Information and data associated with specific names and addresses of each organization or individual, except where such organizations or individuals agree or otherwise provided by law; statistical survey information has not been published by competent persons; information on the list of state secrets.
It can be seen that the survey of monetary, banking and foreign exchange will contribute to creating a basis for individuals and organizations to operate accurately, openly and transparently, while contributing to building stability. Monetization and safety of banking operations.