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Official Gazette

Monday, March 30, 2020
Tags: loans
PM requests stable production activities PM requests stable production activities
Prime Minister Nguyen Xuan Phuc has requested sectors and businesses to make sure production activities continue as normal, despite the outbreak of SARS-CoV-2.
Government determines to substantially improve business environment Government determines to substantially improve business environment
In the coming time, Vietnam’s investment and business environment will be substantially improved in a bid to further raise the country’s competitiveness, according to Government Resolution 02 inked by Prime Minister Nguyen Xuan Phuc on the first day of 2020.
Building and improving the legal framework on foreign exchange management Building and improving the legal framework on foreign exchange management
In recent years, especially 2019, the world economy witnessed a series of insecurities. While almost all economies show signs of a slowdown, trade tensions among economic giants, especially the US-China trade war, continued to undergo complicated developments. As a result, the global growth rate in 2019 dropped to the lowest level since the 2008-09 financial crisis. Gold prices spiked and crude oil prices strongly fluctuated, giving rise to risks in the international market and consequently, many countries had to loosen their fiscal and monetary policies.
More incentives for supporting industries More incentives for supporting industries
The Ministry of Industry and Trade is working on a draft decree revising Decree 111 of 2015 that is expected to provide more incentives for supporting industry products prioritized for development.
PM approves national financial inclusion strategy until 2025 PM approves national financial inclusion strategy until 2025
Prime Minister Nguyen Xuan Phuc has approved a national financial inclusion strategy until 2025 with a vision to 2030, targeting at least 80 percent of adults in the country to have bank accounts by 2025.
Law on Public Investment Law on Public Investment
Consisting of six chapters with 101 articles, the 2019 Law on Public Investment provides the state management of public investment and the management and use of public investment funds. It also defines the rights, obligations and responsibilities of agencies, units, organizations and individuals involved in public investment activities.
Ministry to tighten management and use of ODA loans Ministry to tighten management and use of ODA loans
Official development assistance loans must be used for infrastructure projects, climate change response, health care and education but not for payment of debts and current expenditures.
Official Gazette issues Nos 52-54/2019 coming out on September 13 2019 Official Gazette issues Nos 52-54/2019, coming out on September 13, 2019
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).
PM talks to Japanese media on Japan visit G20 Summit attendance PM talks to Japanese media on Japan visit, G20 Summit attendance
Prime Minister Nguyen Xuan Phuc has granted an interview to Japanese media on the occasion of his Japan visit and participation in the 14th G20 Summit at the invitation of Japanese Prime Minister Shinzo Abe from June 27 to July 1.

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