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Official Gazette

Tuesday, March 26, 2019
Tags: credit institutions
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.
Official Gazette issues Nos 141-144/2018 released on March 20 2019 Official Gazette issues Nos 141-144/2018, released on March 20, 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.
Regulations on conversion of bank bonds into stocks drafted Regulations on conversion of bank bonds into stocks drafted
The State Bank of Vietnam (SBV) is revising Circular 34 of 2013 on issuance of promissory notes, bills, deposit certificates and domestic bonds by credit institutions and foreign bank branches.
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.
Official Gazette issues Nos 121-124/2018 released on January 23 2019 Official Gazette issues Nos 121-124/2018, released on January 23, 2019
Enhance accountability for SOEs: PM Enhance accountability for SOEs: PM
Prime Minister Nguyen Xuan Phuc asked accountability to be enhanced in the restructuring and divestment of State-owned enterprises to improve the efficiency of the process.
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.
Building on 2018 successes 2019 will be a year of breakthroughs: PM Phuc Building on 2018 successes, 2019 will be a year of ’breakthroughs’: PM Phuc
This will be a year of ‘breakthroughs’ in all sectors and see all striving towards “the highest achievements,” Prime Minister Nguyen Xuan Phuc wrote in an article issued on the first day of 2019 that summarized socio-economic development in 2018 and laid down orientations for 2019.
Draft Securities Law proposes expanding foreign holding cap Draft Securities Law proposes expanding foreign holding cap
The Ministry of Finance has recently held a series of conferences to collect opinions from legal experts and stakeholders on the draft Securities Law, focusing on such issues as conditions for acquiring public company status and foreign holding cap in public companies, public offering and private placement of stocks and bonds, powers of the State Securities Commission, and organizational and operational model of Stock Exchanges.

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