THE MINISTRY OF FINANCE
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No. 99/2011/TT-BTC
THE SOCIALIST REPUBLIC OF VIETNAM
Independence– Freedom – Happiness
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Hanoi, July 7, 2011
 
CIRCULAR
GUIDING THE FINANCIAL MANAGEMENT OF PILOT EXPORT CREDIT INSURANCE
Pursuant to the Government's Decree No. 60/2003/ND-CP of June 06, 2003 on detailing and guiding the implementation of the Law on State budget;
Pursuant to the Government's Decree No.118/2008/ND-CP of November 27, 2007 defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
Pursuant to the Prime Minister’s Decision No. 2011/QD-TTg of November 05, 2010 on the implementation of the pilot export credit insurance;
The Ministry of Finance guides a number of contents of financial management of the pilot export credit insurance as follows:
I. GENERAL PROVISIONS
Article 1. Scope of regulation
This Circular guides the financial management of the deployment of pilot export credit insurance in the period 2011 – 2013 under the Prime Minister’s Decisions No. 2001/QD-TTg of November 05, 2010 (hereinafter referred to as the Decision No. 2011/QD-TTg).
Article 2. Subjects of application
1. The Management board of the Implementation scheme for pilot export credit insurance (hereinafter referred to as the Scheme management board) shall be established under the decisions of the Minister of Finance.
2. Qualified insurance enterprises selected by the Ministry of Finance to deploy the pilot export credit insurance (hereinafter referred to as insurance enterprises).
3. Traders exporting commodities belonging to the group of goods encouraged to obtain export credit insurance as prescribed in the Annex promulgated together with the Decision No. 2011/QD-TTg (hereinafter referred to as exporters) and relevant organizations and individuals.
Article 3. The deployment contents of pilot export credit insurance
1. Establishing and promulgating the Rule of export credit insurance.
2. Establishing and promulgating criteria for selecting insurance enterprises to participate in the implementation deployment of pilot export credit insurance.
3. Selecting qualified insurance enterprises to deploy pilot export credit insurance.
4. Preparing necessary conditions for deploying the sale of export credit insurance services.
5. Directing insurance enterprises to deploy the sale of export credit insurance services.
6. Inspecting and supervising the implementation of the pilot export credit insurance.
7. Summarizing and assessing the deployment results of the pilot export credit insurance.