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Official Gazette

Saturday, January 19, 2019
Tags: the SBV
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.
Foreign currency lending extended into 2019 Foreign currency lending extended into 2019
The State Bank of Vietnam has recently issued a circular to allow credit institutions and foreign bank branches to extend loans in foreign currencies to some borrowers in 2019, rather than cutting them off at the end of last year as planned.
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?
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.
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.
ASEAN capital transaction liberalization: impacts on investment activities in Vietnam ASEAN capital transaction liberalization: impacts on investment activities in Vietnam
This article analyzes two issues: (i) How far AEC has gone in the roadmap to achieve the purpose of capital transactions liberalization and (ii) impacts of the commitments within the AEC regarding capital transaction liberalization on Vietnam’s law on foreign exchange management and on investment activities.
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.
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.

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