Vietnam Law & Legal Forum Magazine is your gateway to the law of Vietnam

Official Gazette

Saturday, July 21, 2018
Tags: non-performing loan
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.
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.
Party resolves to refine market economy institutions Party resolves to refine market economy institutions
The 12th Central Committee of the Communist Party of Vietnam on June 3 issued Resolution 11 of its fifth plenary meeting on completing the institutions of the socialist-oriented market economy, setting objectives for 2030 as well as solutions to achieving these objectives. Following are the principal contents of the Resolution.
Decree No. No. 32/2017/ND-CP Decree No. No. 32/2017/ND-CP
On state investment credit
Cabinet determines to accelerate restructuring of state enterprises Cabinet determines to accelerate restructuring of state enterprises
The Government urges ministries, sectors, localities and enterprises to promptly improve mechanisms and policies on state enterprise restructuring, and effectively implement measures to equitize state enterprises under the 2015 plan.
Policy digest January-February 2015 Policy digest January-February 2015

The revised Enterprise Law has cut five procedures (against current ten procedures) and shortened the time required to perform enterprise registration procedures from 34 days to six days. Under the revised law, names of business lines and trades are no longer specified in the enterprise registration certificate. In addition, requests, procedures and costs for registration adjustments and changes, and names of business lines no longer exist.

Non-performing loan regulations to be postponed by one year Non-performing loan regulations to be postponed by one year
The State Bank of Vietnam (SBV) will not delay the deadline for implementing Circular No. 02/2013/TT-NHNN of June 1, 2013, on non-performing loans (NPLs), but certain requirements will be reconsidered to help commercial banks cope with the problem.
Policy digest November 2013 Policy digest November 2013
The Ministry of Finance (MOF) has proposed increase in import duty rates for 462 product lines, especially those which can be produced domestically, in a move that could provide a considerable boost to domestic production and rein in the country’s trade deficit.
Decision No. 58/2013/QD-TTg: Credit guarantee funds for SMEs to be set up Decision No. 58/2013/QD-TTg: Credit guarantee funds for SMEs to be set up
Circular No. 21/2013/TT-NHNN: Bank network expansion tightened Circular No. 21/2013/TT-NHNN: Bank network expansion tightened

Video

Vietnam Law & Legal Forum