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Official Gazette

Tuesday, June 18, 2019
Tags: the SBV
Central bank puts forth tighter regulations on e-wallets Central bank puts forth tighter regulations on e-wallets
The State Bank of Vietnam has proposed stricter regulations on opening and use of e-wallets in a draft circular revising Circular 39 of 2014 on intermediary payment services, with the aim of preventing the abuse of the e-wallet business for money laundering and other illegal purposes.
Banks may assess pollution risks before granting loans Banks may assess pollution risks before granting loans
Banks will assess environmental pollution risks when granting loans to projects in some industries, according to a State Bank of Vietnam draft regulation.
Vietnam looks to develop cashless payment Vietnam looks to develop cashless payment
The State Bank of Vietnam is working to complete the legal corridor and build rational mechanisms to boost cashless payments, which helps prevent corruption, money laundering, and tax invasion.
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.
New directive issued to fight ‘black lending New directive issued to fight ‘black lending’
The Prime Minister has released a directive to fight loan sharks who are targeting vulnerable people.
SBV to reduce reserve requirement ratios on bank deposits SBV to reduce reserve requirement ratios on bank deposits
Credit institutions that take part in the central bank’s plan on supporting the restructuring of ailing credit institutions would be allowed to halve reserve requirements for all types of deposits.
Regulations on conversion of bank bonds into stocks drafted Regulations on conversion of bank bonds into stocks drafted
The State Bank of Vietnam (SBV) is revising Circular 34 of 2013 on issuance of promissory notes, bills, deposit certificates and domestic bonds by credit institutions and foreign bank branches.
SBV set to rank local banks credit institutions SBV set to rank local banks, credit institutions
The State Bank of Vietnam will rank credit institutions and foreign bank branches operating in the country in a move to ensure the safety of the banking system and protect legitimate rights of depositors.
Government intensifies support for non-cash payment methods Government intensifies support for non-cash payment methods
The Government required the State Bank of Vietnam to report on a project exploring depositing cash into electronic wallets without bank payment accounts, according to Resolution 02 released on the first day of 2019.
Five cases when assets of foreign bank branches are frozen Five cases when assets of foreign bank branches are frozen
The State Bank of Vietnam recently issued Circular 27/2018/TT-NHNN to specify cases of freezing capital and assets of foreign bank branches, aiming to protect interests of these branches’ clients and prevent them from illegally transferring their assets abroad.

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