b) If the bonds have been bought for 12 to under 24 months, they shall enjoy an interest rate of 10%.

c) If the bonds have been bought for 24 to under 36 months, they shall enjoy an interest rate of 20%.

d) If the bonds have been bought for 36 to under 48 months, they shall enjoy an interest rate of 30%.

e) If the bonds have been bought for 48 to under 60 months, they shall enjoy an interest rate of 40%.

2. The Ministry of Finance shall concretely guide the special cases of pre-mature repayment of government bonds.

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1. The government bond owners shall be entitled to sell, donate, bequeath or pledge their government bonds.

2. The government bond owners must not use government bonds as substitutes for money in circulation and directly use them in other payment transactions.

Article 10.- Preservation and storing of government bond tickets

1. The government bond owners shall have to maintain and preserve government bond tickets. The government bond tickets which have been erased, modified or patched shall not be repaid.

2. The government bond owners who have lost such bond tickets shall not get the repayment.

3. The government bond owners may deposit their government bond tickets at the State Treasury for preservation and safe-keeping, and shall have to pay a fee set by the Ministry of Finance, which shall not be higher than the fee level for safe-keeping at the State Bank.

Article 11.- Management of government bonds bought by organizations

1. Government bonds bought by organizations shall be managed like other assets of such units.

2. In cases where an organization that has bought government bonds is dissolved, bankrupt, merged, amalgamated, divided or split up or its operation is terminated, such government bonds shall be handled according to provisions of law.

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1. Places for government bond issuance and repayment shall be organized in a safe manner and convenient for bond buyers and bond repayment.

2. Government bonds shall be issued and repaid at the State Treasury’s units or at other agencies and organizations authorized by the Ministry of Finance.

3. Organizations and individuals may buy government bonds and get government bonds repaid at any places specified in Clause 2 of this Article.

Article 13.- Expenses for government bond issuance and repayment

Expenses for government bond issuance and repayment shall be allocated from the State budget, and managed and used according to the current financial management regime.

Article 14.- Mobilized capital source and source of capital for government bond repayment

1. The source of capital mobilized from the issuance of government bonds for national construction shall be fully reflected into the State budget and used for the right purposes as specified in Article 1 of this Decree; and at the same time, be publicized according to provisions of law.

2. The source of capital for repayment of government bonds’ principals and interests shall be ensured by the State budget.

Article 15.- Commendation, rewards and handling of violations

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2. Organizations and individuals that commit acts of violating the legislation on government bonds shall be handled according to provisions of Articles 14 and 15 of Ordinance No.12/1999/PL-UBTVQH10 of April 27, 1999 on the Issuance of Government Bonds for National Construction.

Chapter III

IMPLEMENTATION PROVISIONS

Article 16.- Responsibilities of the ministries, branches and concerned agencies

1. The Ministry of Finance shall base itself on the situation of the population’s income and the financial capability of State enterprises and other agencies as well as organizations to assign plans for mobilizing the purchase of government bonds to the provinces, centrally-run cities and organizations.

2. The Ministry of Culture and Information shall coordinate with the Ministry of Finance, the concerned branches and the provinces and centrally-run cities in propagating for the purposes and significance of the issuance of government bonds among the people of all strata, so that they can be fully aware thereof and actively participate therein.

3. The Ministry of Planning and Investment shall assume the prime responsibility and coordinate with the concerned ministries and branches in revising and drawing up plans for use of the source of capital mobilized from the issuance of government bonds for national construction for the right purposes, then submit them to the competent agency(ies) for decision.

4. The General Department of Statistics shall have to calculate and publicly announce the inflation rate at the Ministry of Finance’s request in service of repayment of government bonds.

5. The ministries, the ministerial-level agencies, the agencies attached to the Government, the People’s Councils and People’s Committees of all levels shall, within their respective tasks and powers, have to coordinate with the Fatherland Front’s chapters in organizing, propagating and mobilizing the people of all strata to participate in the purchase of government bonds for national construction.

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1. This Decree takes effect after its signing.

2. The Minister of Finance shall have to guide the implementation of this Decree.

3. The ministers, the heads of the ministerial-level agencies, the heads of the agencies attached to the Government and the presidents of the People’s Committees of the provinces and centrally-run cities shall have to implement this Decree.

THE GOVERNMENT




Phan Van Khai