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Official Gazette

Monday, July 23, 2018
Tags: special control
New rules on guarantees for housing projects New rules on guarantees for housing projects
On September 29, 2017, the State Bank of Vietnam enacted Circular 13/2017/TT-NHNN (effective as of November 15, 2017) amending a number of articles of Circular 07/2015/TT-NHNN on bank guarantees (Circular 07). The main changes brought about by the new text relate to guarantees for housing projects and are embedded in Article 12 of Circular 07.
Draft law to deal with banks under special control Draft law to deal with banks under special control
The State Bank of Vietnam is gathering comments on a draft law revising the 2010 Law on Credit Institutions, which includes many provisions on special control.
Laws on Credit Institutions and Planning to be revised Laws on Credit Institutions and Planning to be revised
The Government has assigned the State Bank of Vietnam to finalize a draft resolution on the settlement of non-performing loans and a draft law amending and supplementing a number of articles of the Law on Credit Institutions and relevant laws.
Compulsory reserve to be reduced for credit institutions Compulsory reserve to be reduced for credit institutions
The State Bank Governor may consider and decide to reduce the compulsory-reserve rate to zero percent for credit institutions placed under special control.
State Securities Commission proposes shift to intra-day trading State Securities Commission proposes shift to intra-day trading
Investors would be allowed to buy and sell shares of the same company back and forth on the same trading day if a draft circular recently unveiled by the State Securities Commission is approved.
Overview of the employment aspects of bankruptcy Overview of the employment aspects of bankruptcy
Employment debts rank behind bankruptcy fees, secured debts and special loans granted to the insolvent credit institution subject to special control.
New guidance on deposit insurance New guidance on deposit insurance
Draft circular to classify insurance companies Draft circular to classify insurance companies
Insurance companies would be divided into four categories based on four groups of supervisory indicators if a draft circular recently proposed by the Ministry of Finance is approved.
Decision No. 48/2013/QD-TTg: State Bank gets nod to purchase shares of ailing banks Decision No. 48/2013/QD-TTg: State Bank gets nod to purchase shares of ailing banks
Decision No. 1394/QD-TTg: National Deposit Insurance has its status defined Decision No. 1394/QD-TTg: National Deposit Insurance has its status defined

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