Laws of Vietnam

The system of book-keeping accounts promulgated together with this Decision shall apply to credit institutions established and operating under the Law on Credit Institutions. Credit institutions shall be entitled to open and use accounts defined in this system only after they adopt professional mechanisms and are granted operation licenses.

The system of book-keeping accounts of credit institutions consists of accounts inside accounting balance sheets (8 categories) and accounts outside accounting balance sheets (one category).

This Decision takes effect as from October 1, 2004 and replaces the following decisions:

- The State Bank Governor's Decision No. 435/1998/QD-NHNN2 of December 25, 1998 promulgating the system of book-keeping accounts of credit institutions.

- The State Bank Governor's Decision No. 522/2000/QD-NHNN2 of December 20, 2000 adding accounts and amending a number of provisions on foreign-currency accounting in the system of book-keeping accounts of credit institutions.

- The State Bank Governor's Decision No. 224/2001/QD-NHNN of March 23, 2001 canceling financial balance sheets of credit institutions promulgated together with Decision No. 435/1998/QD-NHNN2 of December 25, 1998.

- The State Bank Governor's Decision No. 482/2001/QD-NHNN2 of April 24, 2001 amending and adding a number of accounts in the system of book-keeping accounts of credit institutions.

- The State Bank Governor's Decision No. 559/2002/QD-NHNN of June 3, 2002 adding a number of accounts to the system of book-keeping accounts of credit institutions.

- The State Bank Governor's Decision No. 69/2003/QD-NHNN of January 22, 2003 adding a number of accounts to the system of book-keeping accounts of credit institutions.- (Summary)