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Official Gazette

Tuesday, October 22, 2019
Tags: the State Bank of Vietnam
Vietnamese SOEs must reform and invest in technology Vietnamese SOEs must reform and invest in technology
State-owned enterprises must strive to reform and become innovation centers in today's modern economy, said Prime Minister Nguyen Xuan Phuc at a conference discussing measures to improve Vietnam’s SOEs’ management and performance on October 16 in Hanoi.
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.
Govt must adapt to sharing economy models Gov’t must adapt to sharing economy models
Vietnam must identify, implement and build management models for sharing economy applications in the country’s major sectors such as banking and transport to ensure a fair business playground and protect all involved parties, said economics experts at a conference on the sharing economy on October 10 in Hanoi.
Mechanical engineering industry needs more incentives: PM Mechanical engineering industry needs more incentives: PM
Prime Minister Nguyen Xuan Phuc emphasized the need to facilitate the development of the mechanical engineering industry while addressing a conference in Hanoi on September 24.
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.
PM requests e-Cabinet building be accelerated PM requests e-Cabinet building be accelerated
Prime Minister Nguyen Xuan Phuc on July 23 demanded ministries, agencies and localities to speed up the e-Cabinet building and not let difficulties in terms of finance, connection or sharing hamper the work.
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.

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