Consolidation and report

1. On a monthly basis, quarterly basis and yearly basis, Council for destroying money shall consolidate figures regarding destroying money and results of destroying money at each destroy body, report to Chairperson of Council for destroying money and send to Supervision council.

2. At the end of the year of destroying money, destroying bodies shall consolidate figures and produce records of results of total money destroyed at each body with confirmation of the Supervision council.

The records shall be made into 5 copies: 1 copy for Department of Finance – Accounting, 2 copies for Department of Issuance and Treasury, 1 copy for Supervision council and 1 copy at the destroying body.

3. Council for destroying money shall produce final reports on destroying money of the whole year and present to Governor of State Bank of Vietnam. The reports include:

a) Organization of destroying money;

b) Figures of defective money actually destroyed;

c) Compliance with regulations and law on destroying money and operation regulations;

d) Recommendations and propositions.

4. On a yearly basis, Governor of State Bank of Vietnam shall produce reports on destroying money and send to Prime Minister and Ministry of Finance.

Chapter V

RESPONSIBILITIES AND BENEFITS OF OFFICIALS AND EMPLOYEES PARTICIPATING IN DESTROYING MONEY

Article 25. Responsibilities of officials and employees participating in destroying money

1. Upon working in defective money vault, areas for assigning, receiving, tallying and destroying money, officials and employees participating in destroying money are responsible for complying with working regulations and rules prescribed by Chairperson of Council for destroying money and regulations under this Circular.

2. Entities specified in Article 2 of this Circular shall be responsible for implementation of regulations and law on protecting Government secret in destroying money.

Article 26. Benefits of officials and employees participating in destroying money

Member of Council for destroying money, officials and employees participating in destroying money shall benefit from allowances for destroying money and other benefits according to applicable guiding documents of State Bank of Vietnam in addition to salaries and wages as per the law.

Article 27. Commendations and taking actions against violations

1. Groups and individuals with outstanding achievements in destroying money shall be commended according to applicable regulations of State Bank of Vietnam on emulation and commendation.

2. Groups and individuals violating regulations under this Circular shall be disciplined depending on nature and seriousness of the violations. In case of causing loss of money, compensate and be sanctioned as per the law.

3. If officials and employees participating in destroying money corrupts or exploits to steal assets, they must compensate 100% of the assets’ value and be discharged or criminally prosecuted as per the law.