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Official Gazette

Saturday, December 7, 2019
Tags: the SBV
First-ever regulations on e-money to be issued First-ever regulations on e-money to be issued
The State Bank of Vietnam (SBV) is working on a draft decree to revise Decree 101 of 2012 on non-cash payment, introducing for the first time regulations on e-money.
Anti-money laundering regulations to be revised Anti-money laundering regulations to be revised
Payment intermediary service providers would have to apply measures to prevent and combat money laundering as financial institutions do. Such is provided in a draft decree prepared by the State Bank of Vietnam to revise several articles of Decree 116 of 2013.
SBV guides payment for goods in border-gate transfer SBV guides payment for goods in border-gate transfer
Payment for goods in border-gate transfer must be conducted via authorized banks, the State Bank of Vietnam requires in a draft circular guiding payment and money transfer for goods in border-gate transfer.
Draft circular on gold business licensing released Draft circular on gold business licensing released
The State Bank of Vietnam has publicized a draft circular that would adjust existing regulations managing gold trading, Thoi Bao Kinh Te Viet Nam (Vietnam Economic Times) newspaper reported.
Central bank wants to promote mobile payment Central bank wants to promote mobile payment
In Vietnam today, the term “fintech - financial technology” has become more and more popular. Particularly in the field of intermediary payment services, there has been a tremendous increase in the number of e-payments, especially mobile payments via e-wallets, over the past few years. Let’s examine the situation of the mobile payment sector as well as measures to be taken by state authorities to facilitate business operations while ensuring payment security and safety.
Stricter rules on personal realty loans Stricter rules on personal realty loans
Banks would increase the risk ratio to 150 percent, three times higher than the present level, for persons who ask for loans to meet their living needs and have an outstanding principal amount worth over VND 3 billion (USD 130,000).
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.

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