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Official Gazette

Sunday, August 20, 2017
Tags: loans
Official Gazette issues Nos 3-5 May 2017 released on August 17 2017 Official Gazette issues Nos 3-5 May 2017, released on August 17, 2017
Party affirms private sector as important driving force for economic development Party affirms private sector as important driving force for economic development
The 12th Central Committee of the Communist Party of Vietnam on June 3 issued Resolution 10 affirming the development of the private economy into an important driving force of the country’s socialist-oriented market economy. Following are the principal contents of the Resolution.
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.
Higher foreign shareholding in local banks needed: experts Higher foreign shareholding in local banks needed: experts
Lifting the cap of foreign ownership in Vietnamese banks was necessary to have more capital for restructuring and improving the competitiveness of the domestic banking sector but this should be done with caution and an elaborate roadmap, said banking experts.
Bank loans: interest and fees under the new rules Bank loans: interest and fees under the new rules
One way for credit institutions to generate revenues is charging interest and fees on loans they provide. On December 30, 2016, the State Bank of Vietnam issued Circular No.39/2016/TT-NHNN regulating lending activities of credit institutions and foreign bank branches which took effect on March 15, 2017. This text sets forth new rules relating to rates of interest and fees in lending activities.
Government determined to restructure state budget control public debts Government determined to restructure state budget, control public debts
The Government on June 19 issued Resolution 51/NQ-CP to enact an action program to achieve the targets set forth in Politburo Resolution No. 07 dated November 18, 2016, on guidelines and measures to restructure the state budget and manage public debts in order to ensure the safety and sustainability of the national finance.
Resolution No. 38/NQ-CP Resolution No. 38/NQ-CP
Promulgating the Government’s Action Program to implement Resolution No. 06-NQ/TW on “Effective international economic integration and maintenance of socio-political stability in the context when Vietnam accedes to new-generation free trade agreements”
Session transforms a legislature ‘of reporting to that ‘of debate: top legislator Session transforms a legislature ‘of reporting’ to that ‘of debate’: top legislator
The Government should take note of opinions expressed by National Assembly deputies and draw lessons to roll out breakthrough and drastic solutions in management work with a view to accomplishing socio-economic tasks set for the remaining months of the year, NA Chairwoman Nguyen Thi Kim Ngan said on June 21.
Official Gazette issues Nos 1-3 April 2017 coming out on June 27 2017 Official Gazette issues Nos 1-3 April 2017, coming out on June 27, 2017
HNXs efforts to improve trading quality HNX’s efforts to improve trading quality
A decision recently issued by the Hanoi Stock Exchange, allowing brokerages to become market makers, is expected to improve the trading quality of Vietnam’s securities market.

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