Chương III Nghị định 93/2017/NĐ-CP : Doanh thu, chi phí

Chapter III

REVENUE, COSTS

Article 16. Revenue

1. The amounts receivable of credit institutions and branches of foreign banks must be determined in accordance with accounting standards and relevant law provisions with eligible documentary evidence and be included in revenues.

2. Revenues from the business of branches of foreign banks and credit institutions include:

a) Interest income and similar income: deposit interest, loan interest, business interest, interest receivable from securities investment, income from guarantee operations, interest from finance lease, interest from debt trading, other income from credit activities;

b) Income from service activities: income from payment services; income from treasury operations; income from entrustment and agent operations; income from other services;

c) Incomes from trading foreign currency and gold: Income from foreign currency trading; income from foreign exchange differences; income from gold trading; income from currency derivatives;

d) Income from securities trading activities (excluding stocks);

dd) Income from capital contribution, transfer of stake and shares;

e) Incomes from other activities: income from the loans handled by risk reserve (including the debts that have been written off, now recovered); income from other derivative financial instruments; income from debt trading; income from transfer, liquidation of assets; income from reversal of provision for fall of long-term investment; income from other activities as prescribed by law;

g) Other incomes as prescribed by law.

3. The Ministry of Finance shall take charge and cooperate with the State bank of Vietnam on providing instructions on incomes of credit institutions, branches of foreign banks as specified in Clause 2 this Article.

Article 17. Costs

1. The costs of branches of foreign banks and credit institutions are the actual expenses on the business of branches of foreign banks and credit institutions; compliance with principles of conformity between revenues and expenditure with valid invoice and document as prescribed by law. Credit institutions and branches of foreign banks shall not record costs covered by other funding sources. The determination and accounting of costs shall be made in accordance with accounting standards and relevant law provisions.

2. Costs of branches of foreign banks and credit institutions include:

a) Interest cost and its equivalents: costs on interest on deposits, interest on loans, interest from issuance of valuable papers and other costs from credit activities;

b) Costs of service activities: Costs of payment services; costs of treasury services; costs of telecommunication services; costs of entrustment services; costs of consulting services; costs of commissions for agents, brokers, entrustment to authorized agency, brokerage and commissioning activities permitted by law.

c) Costs for trading foreign currency and gold: Cost for foreign currency trading; cost for foreign exchange differences; cost for gold trading; cost for currency derivatives;

d) Costs for trading of securities permitted to trade as prescribed in the Law on credit institutions;

dd) Costs for capital contribution, transfer of stake and shares;

e) Costs for other activities: Cost for interest rate swap transactions; cost for debt trading; costs related to financial leasing; cost for other derivative financial instruments; cost for other business activities;

g) Costs for taxes, fees and charges;

h) Costs for employees: salaries, remunerations, bonuses, allowances; other contributed by salary: social insurance, medical insurance, labor insurance, unemployment insurance, accident insurance, cost for the union; cost for workplace uniform and labor protection equipment; cost for benefits; expenses on meals, medical cost; other payment to staffs and employees as prescribed by law;

i) Costs for management: Costs for materials, papers; costs for business trips; costs for operation training; costs for research and application of technological science; rewards for initiatives that improve productivity, rewards for cost reduction; costs for postage and telephone bills; costs for publishing of materials, dissemination, advertisement, marketing, sale promotion; costs for subscribing materials and journals; costs for union activities; cost for electricity, water and hygiene at workplace; costs for conventions, reception, transactions, foreign affairs; costs for consulting and audit; costs for hiring local and foreign experts; costs for fire protection and fighting; costs for environment protection and other costs;

k) Costs for assets include: fixed asset depreciation, costs for asset repair and maintenance; purchase of tools and devices; purchase of asset insurance; costs for asset lease;

l) Costs for provision:

Costs for risk prevention as prescribed in Article 131 of the Law on credit institutions.

Costs for risk provision for special bonds issued by the Asset Management Company of Vietnamese credit institutions as prescribed in Point a Clause 2 Article 21 of the Government’s Decree No. 53/2013/ND-CP dated May 18, 2013 on the establishment and operation of asset management companies of Vietnamese credit institutions and Clause 12 Article 1 of the Government’s Decree No. 34/2015/ND-CP dated March 31, 2015 providing amendments to a number of articles of the Decree No. 53/2013/ND-CP; guidelines of the State bank of Vietnam and other amendment documents (if any).

Costs for provision for decline of inventory price, provision for loss of financial investments, provision for bad debts and other provisions (if any) according to the general provisions applicable to enterprises.

The costs for risk provision that are deducted when determining the corporate income tax shall comply with the law on corporate income tax.

m) Costs for preservation and insurance for customers’ deposits;

n) Other costs: costs for professional association fees that branches of foreign banks and credit institutions participate in; costs for the Communist activities in branches of foreign banks and credit institutions (the costs outside the budget of the Communist organizations); costs for the sale and liquidation of assets or the remaining value of the sold or liquidated fixed assets (if any); costs for the recovery of the debts written off, costs for the collection of bad debts; costs for the asset loss remaining after being covered by the sources specified in Clause 4 Article 12 of this Decree; costs for the recorded incomes unable to be collected actually; costs for social activities as prescribed by law; costs for administrative violations except for the amount of fines payable by individuals under the provisions of law; other expenses.

3. The Ministry of Finance shall take charge and cooperate with the State bank of Vietnam on providing instructions on costs of credit institutions and branches of foreign banks as specified in Clause 2 this Article.

Article 18. Accounting currency

1. The economic and financial transactions shall be recorded into accounting books, financial statements and settlement reports in Vietnam dong, its Vietnamese symbol is “D” and international symbol is "VND”.

2. Accounting units primarily spending and receiving in foreign currencies are allowed to select one foreign currency to record into accounting books and take responsibilities. The accounting units shall convert foreign currency into Vietnam dong when preparing the financial statements used in Vietnam.

Article 19. Branches of foreign banks and credit institutions must record the incomes and costs in accordance with law and take responsibilities for their accuracy, honesty and comply with the regulations on accounting invoices and receipts.