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Official Gazette

Sunday, December 8, 2019
Tags: banking system
Govt takes bold measures to ensure safety of finance system Gov’t takes bold measures to ensure safety of finance system
Poorly-performing State-owned people’s credit funds – a type of credit institution focusing on people in rural areas to help them escape poverty and avoid dependence on loan sharks – will be merged, acquired or dissolved to ensure the safety of the country’s finance and banking system.
SBV set to rank local banks credit institutions SBV set to rank local banks, credit institutions
The State Bank of Vietnam will rank credit institutions and foreign bank branches operating in the country in a move to ensure the safety of the banking system and protect legitimate rights of depositors.
PM urges agriculture sector to brace for agricultural economy PM urges agriculture sector to brace for agricultural economy
Prime Minister Nguyen Xuan Phuc has urged the agriculture sector to switch from the mindset of agricultural production to an agricultural economy and international integration in order to create a revolution in the development of agriculture, farmers and rural areas.
PM calls on SMBC to expand investment in Vietnam PM calls on SMBC to expand investment in Vietnam
Prime Minister Nguyen Xuan Phuc suggested Sumitomo Mitsui Banking Corporation (SMBC) further expand its investment in Vietnam during a reception in Hanoi on November 22 for President of Sumitomo Mitsui Financial Group (SMFG) and SMBC President Koichi Miyata.
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.
Toward a more effective financial disclosure system in Vietnam: a discussion on the draft revised Law on Anti-Corruption Toward a more effective financial disclosure system in Vietnam: a discussion on the draft revised Law on Anti-Corruption
While an effective financial disclosure system requiring politicians and public officials to report on their assets and incomes can help detect and prevent corrupt practices, it can also help build public confidence and trust in the integrity of politicians and the public service.
Vietnam unveils new non-performing loan toolkit Vietnam unveils new non-performing loan toolkit
As high non-performing loan (NPL) levels affect many credit institutions, particularly financially weak banks, authorities should step in to lead the system-wide response. This article dwells on major solutions to NPLs set forth in a recently approved scheme on banking system restructuring and NPL resolution.
NA to pass Planning Law at year-end session NA to pass Planning Law at year-end session
At the National Assembly’s fourth session, slated to last 26 days from October 23 to November 24, legislators are expected to pass six draft laws and a dozen of draft resolutions and debate nine draft laws.
Decision No. 1191/QD-TTg of August 14 2017 Decision No. 1191/QD-TTg of August 14, 2017
approving the bond market development roadmap during 2017-2020, with a vision toward 2030
PM asks central bank to mobilize idle US dollars PM asks central bank to mobilize idle US dollars
The Prime Minister has requested the central bank to promptly adopt policies to mobilize idle US dollars from the local population to invest in business and production.

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