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Official Gazette

Friday, November 22, 2019
Tags: foreign currency
SBV guides payment for goods in border-gate transfer SBV guides payment for goods in border-gate transfer
Payment for goods in border-gate transfer must be conducted via authorized banks, the State Bank of Vietnam requires in a draft circular guiding payment and money transfer for goods in border-gate transfer.
NA Standing Committee discusses draft PPP law NA Standing Committee discusses draft PPP law
The draft law on public-private-partnership projects, composed by the Ministry of Planning and Investment, was submitted to the National Assembly Standing Committee for consideration on September 16.
Information technology and telecoms-related crimes under Vietnams Penal Code Information technology and telecoms-related crimes under Vietnam’s Penal Code
In order to have legal grounds to prevent and properly punish increasingly sophisticated crimes related to information technology and telecommunications (ITT) networks, which could cause very serious consequences to socio-economic activities, national defense and security, ITT-related criminal acts need to be prescribed in the Penal Code as well as specialized laws[1]. In the 2015 Penal Code (revised in 2017) (the Code), these acts are grouped into nine crimes in Section 2 of Chapter XXI[2].
Vietnam recorded positive economic achievements in Q1 Vietnam recorded positive economic achievements in Q1
In the first quarter of 2019, Vietnam recorded positive economic achievements despite a range of difficulties both in and outside the country, Prime Minister Nguyen Xuan Phuc said at a Government cabinet meeting in Hanoi on April 2. The country’s GDP growth was estimated at 6.79 percent, while the macroeconomy was stabilized and foreign currency reserves were on the rise.
Official Gazette issues Nos 01-02/2019 available on April 01 2019 Official Gazette issues Nos 01-02/2019, available on April 01, 2019
SBV to reduce reserve requirement ratios on bank deposits SBV to reduce reserve requirement ratios on bank deposits
Credit institutions that take part in the central bank’s plan on supporting the restructuring of ailing credit institutions would be allowed to halve reserve requirements for all types of deposits.
Foreign currency lending extended into 2019 Foreign currency lending extended into 2019
The State Bank of Vietnam has recently issued a circular to allow credit institutions and foreign bank branches to extend loans in foreign currencies to some borrowers in 2019, rather than cutting them off at the end of last year as planned.
Top 10 legal documents in 2018 Top 10 legal documents in 2018
Selected by Vietnam Law and Legal Forum magazine, these include the Law on Cyber Security, the Anti-Corruption Law, guiding texts of the Law on Foreign Trade Management, Government Decree 86/2018/ND-CP on foreign cooperation and investment in education, among others.
New strategy enhances independence of the central bank New strategy enhances independence of the central bank
The Strategy for development of the banking sector up to 2030 has been recently approved by the Prime Minister, setting forth major objectives for operations of the credit institution system as well as state management responsibilities of the State Bank. Below is an interview granted by Deputy Governor of the State Bank Nguyen Kim Anh to Thoi bao Ngan hang (Banking Times) about the Strategy.
Opening of FDI capital accounts in Vietnam Opening of FDI capital accounts in Vietnam
Foreign-invested enterprises are required to open a foreign-currency direct investment capital account at a licensed credit institution to conduct collection and payment transactions related to their direct investment activities in Vietnam.

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