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Official Gazette

Monday, August 19, 2019
Tags: credit institutions
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.
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

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