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Official Gazette

Sunday, April 22, 2018
Tags: state bank
Official Gazette issues Nos 05-08 December 2017 released on March 28 2018 Official Gazette issues Nos 05-08 December 2017, released on March 28, 2018
Legality of cryptocurrencies in Vietnam remains unclear Legality of cryptocurrencies in Vietnam remains unclear
Bitcoin and other similar virtual currencies like ethereum, ripple and litecoin have become a hot topic among investors. But let’s set aside the worries and excitement and ask a question: are cryptocurrencies lawful in Vietnam?
Government to cut half of business conditions in 2018 Government to cut half of business conditions in 2018
To promote fast and sustainable economic growth, efforts should be devoted to further improving the business climate and economic competitiveness, reforming specialized inspections of imports and exports and cutting business conditions.
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.
Finance authority to tighten taxation of casino business Finance authority to tighten taxation of casino business
Every casino is required to arrange a place with necessary devices like a surveillance camera system to help tax agencies supervise the casino’s operations.
Vietnam unveils new non-performing loan toolkit Vietnam unveils new non-performing loan toolkit
As high non-performing loan (NPL) levels affect many credit institutions, particularly financially weak banks, authorities should step in to lead the system-wide response. This article dwells on major solutions to NPLs set forth in a recently approved scheme on banking system restructuring and NPL resolution.
New regulations on interest: a view from credit extension practice New regulations on interest: a view from credit extension practice
The State Bank of Vietnam (SBV) has recently issued some new regulations guiding lending activity of credit institutions and branches of foreign banks (credit institutions). These regulations have a significant effect on lending activity of credit institutions. Enacted to address the limitations of the precedent regulations, they also have some unclear points which might limit their effect. This article analyzes regulatory issues relevant to interests on loans of credit institutions.
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.
Banks asked to further develop mobile payment Banks asked to further develop mobile payment
By 2020, at least 300,000 point-of-sale machines will be installed with the number of transactions reaching around 200 million per year.
Official Gazette issues Nos 9-12 July 2017 issued on November 3 2017 Official Gazette issues Nos 9-12 July 2017, issued on November 3, 2017

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