THE STATE BANK OF VIETNAM
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SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
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No. 37/2006/QD-NHNN
Hanoi, August 01, 2006
 
DECISION
ON THE ISSUANCE OF THE REGULATION ON INTERNAL AUDIT OF CREDIT INSTITUTIONS
THE GOVERNOR OF THE STATE BANK
- Pursuant to the Law on the State Bank of Vietnam issued in 1997; the Law on the amendment, supplement of several articles of the Law on the State Bank issued in 2003;
- Pursuant to the Law on Credit Institutions issued in 1997; the Law on the amendment, supplement of several articles of the Law on Credit Institutions issued in 2004;
- Pursuant to the Decree No.52/2003/ND-CP dated 19/5/2003 of the Government providing for the function, assignment, authority and organizational structure of the State Bank of Vietnam;
Upon the proposal of the Director of Banks and Non-bank Credit Institution Department,
DECIDES:
Article 1. To issue in conjunction with this Decision the “Regulation on internal audit of credit institutions”.
Article 2. This Decision shall be effective after 15 days since its publication on the Official Gazette and replace the Decision No.03/1998/QD-NHNN3 dated 03/01/1998 of the Governor of the State Bank on the issuance of the “Regulation on internal inspection, audit of credit institutions”.
Article 3. The Director of Administrative Department, Director of Banks and Non-bank Credit Institution Department, Heads of related units of the State Bank of Vietnam, General Manager of the State Bank branches in provinces, cities under the Central Government’s management and the Chairperson of the Board of Directors, General Director (Director) of credit institutions shall be responsible for the implementation of this Decision.
 
 
FOR THE GOVERNOR OF THE STATE BANK OF VIETNAM
DEPUTY GOVERNOR


Dang Thanh Binh
 
REGULATION
ON THE INTERNAL AUDIT OF CREDIT INSTITUTIONS
(Issued in conjunction with the Decision No. 37/2006/QD-NHNN dated 01 August 2006 of the Governor of the State Bank)
Chapter I
GENERAL PROVISIONS
Article 1. Governing scope and subjects of application
This Regulation stipulates the performance of internal audit at credit institutions which are established and operate in accordance with the Law on Credit Institutions (including branches of foreign banks operating in Vietnam).
Article 2. Interpretation
In this Regulation, following terms shall be construed as follows:
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