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Official Gazette

Wednesday, October 17, 2018
Tags: State Bank of Vietnam
New payment rules aim to boost Vietnam-China border trade New payment rules aim to boost Vietnam-China border trade
From mid-October, traders and residents in Vietnam-China border areas may use Chinese yuan in certain transactions, according to a regulation issued by the State Bank of Vietnam last month.
Banking sector development strategy approved Banking sector development strategy approved
Vietnam will have at least two or three banks in Asia’s top 100 largest banks and three to five banks listed on foreign stock markets by 2025 under Decision 986/QD-TTg recently approved by the Prime Minister.
Nine solutions for a sustainable securities market Nine solutions for a sustainable securities market
Since its founding 22 years ago, Vietnam’s securities market has significantly grown and constantly improved its structure as an important capital raising channel of the economy, contributing to improving the market economy institution and promoting international integration.
Corporate penal liability in Vietnam Corporate penal liability in Vietnam
The 2015 Penal Code marks a great progress in the country’s criminal justice by holding commercial legal entities liable for their criminal acts. Its novel provisions create a legal basis for the fight against criminal acts committed by commercial legal entities in recent years as well as for international cooperation on combating crime, especially transnational organized crime.
New rules on PPP investment issued New rules on PPP investment issued
From June 19, PPP investment projects will be implemented according to Decree 63/2018/ND-CP. This decree prescribes the fields, conditions, order and procedures for investment in the form of public-private partnership.
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.

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