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Official Gazette

Sunday, August 20, 2017
Tags: state bank
PM urges drastic measures for achievement of growth target PM urges drastic measures for achievement of growth target
Prime Minister Nguyen Xuan Phuc asked ministers and heads of sectors to take measures to ensure their ministries and agencies reach this year's growth target.
Salient amendments to the 2015 Penal Code Salient amendments to the 2015 Penal Code
At its 3rd session wrapped up last month, the National Assembly passed a law making a raft of amendments to the 2015 Penal Code with effect from early next year. More than 200 articles of the Code have been amended, one new article added and another removed. These amendments include not only corrections of technical errors but also many criminal justice policy changes. Below are the most prominent of them.
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.
PPP regulations to be revised PPP regulations to be revised
Deputy Prime Minister Trinh Dinh Dung has recently assigned the Ministry of Planning and Investment to collect opinions of ministries, sectors, localities and members of the Steering Committee on draft revisions to Government Decrees 15 and 30 of 2015.
Foreigners may be allowed to make savings deposits at local banks Foreigners may be allowed to make savings deposits at local banks
Non-residents with presence in Vietnam may be allowed to make termed savings deposits in both Vietnam dong and foreign currency at local banks, according to a draft circular recently released by the State Bank of Vietnam.
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.
Decree No. No. 32/2017/ND-CP Decree No. No. 32/2017/ND-CP
On state investment credit
Draft law aims at better management of public debts Draft law aims at better management of public debts
The Ministry of Finance recently revealed a draft law on public debt management, which is expected to change the public debt management method in a stricter and more efficient manner, and enhance borrowers’ responsibilities.
Official Gazette issues Nos 10-12 February 2017 issued on May 16 2017 Official Gazette issues Nos 10-12 February 2017, issued on May 16, 2017

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