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Official Gazette

Friday, December 6, 2019
Tags: credit institutions
Draft law suggests two mechanisms to ensure feasibility of PPP projects Draft law suggests two mechanisms to ensure feasibility of PPP projects
The Government has submitted to the National Assembly the latest draft law on public-private partnership, proposing two mechanisms to ensure the feasibility of PPP projects.
Decree specifies fines for monetary-banking violations Decree specifies fines for monetary-banking violations
The Government on November 14 issued a decree specifying administrative sanctions for violations in the monetary and banking sectors.
Official Gazette issues Nos 82-84/2019 issued on November 29 2019 Official Gazette issues Nos 82-84/2019, issued on November 29, 2019
Official Gazette issues Nos 79-81/2019 available on November 20 2019 Official Gazette issues Nos 79-81/2019, available on November 20, 2019
Anti-Corruption Law Anti-Corruption Law
The National Assembly promulgated the Anti-Corruption Law last November, extending the fight against corruption in the non-state sector. The Law supersedes its predecessor enacted in 2005 with revisions made in 2007 and 2012 (the 2005 Law).
Stricter rules on personal realty loans Stricter rules on personal realty loans
Banks would increase the risk ratio to 150 percent, three times higher than the present level, for persons who ask for loans to meet their living needs and have an outstanding principal amount worth over VND 3 billion (USD 130,000).
Official Gazette issues Nos 13-15/2019 released on May 20 2019 Official Gazette issues Nos 13-15/2019, released on May 20, 2019
Draft to promote non-performing loan resolution in the banking sector Draft to promote non-performing loan resolution in the banking sector
Credit institutions selling their debts for special bonds would be disallowed to pay cash dividends to their shareholders.
Official Gazette issues Nos 03-06/2019 issued on April 25 2019 Official Gazette issues Nos 03-06/2019, issued on April 25, 2019
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.