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Official Gazette

Saturday, December 7, 2019
Tags: non-performing loans
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.
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.
Collateral foreclosure under resolution on pilot settlement of non-performing loans Collateral foreclosure under resolution on pilot settlement of non-performing loans
Since the National Assembly’s Resolution 42/2017/QH14 on the pilot settlement of bad debts of credit institutions was adopted on June 21, 2017, the bad debt settlement, particularly collateral foreclosure[1], by credit institutions and foreign bank branches in the country has seen some improvements. Aimed at addressing inadequacies of the precedent regulations on disposal of collaterals of bad debts, this Resolution itself contains some ambiguous points that need to be clarified.
Official Gazette issues Nos 63-65/2018 issued on September 07 2018 Official Gazette issues Nos 63-65/2018, issued on September 07, 2018
Corporate penal liability in Vietnam Corporate penal liability in Vietnam
The 2015 Penal Code marks a great progress in the country’s criminal justice by holding commercial legal entities liable for their criminal acts. Its novel provisions create a legal basis for the fight against criminal acts committed by commercial legal entities in recent years as well as for international cooperation on combating crime, especially transnational organized crime.
Top 10 legal documents in 2017 Top 10 legal documents in 2017
These include the Planning Law, the Law on Technology Transfer, the Law on Foreign Trade Management and Decree 03/2017/ND-CP on casino business, among others.
Party Central Committee wraps up sixth plenum Party Central Committee wraps up sixth plenum
The 12th Party Central Committee wrapped up its sixth plenum in Hanoi on October 11 after seven working days in a serious, democratic and responsible manner.
Finance Ministry proposal to tax transfer of land use rights receives negative response Finance Ministry proposal to tax transfer of land use rights receives negative response
The Ministry of Finance has recently proposed the imposition of value-added tax on the transfer of land use rights under the revised Law on Value-Added Tax.
Enforcement of security under the new resolution on dealing with bad debts Enforcement of security under the new resolution on dealing with bad debts
Resolution No. 42/2017/QH14 on trial dealing with non-performing loans of credit institutions was passed on June 21, 2017, by the National Assembly. It took effect on August 15, 2017, and remains in force for five years from that date. The resolution is a long-awaited text and expected to help credit institutions to better deal with their non-performing loans. A significant number of provisions of this text are about secured transactions which are at the heart of the process of recovery of bank loans for the time being. This article tries to give an overview of the text.
Party rolls out drastic measures to raise SOE efficiency Party rolls out drastic measures to raise SOE efficiency
The 12th Central Committee of the Communist Party of Vietnam on June 3 issued Resolution 12 on continued restructuring, renewal and raising of the efficiency of state-owned enterprises. This article contains the principal contents of the Resolution.

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