Circular 13: another step forward for financial regulation in Vietnam
Consistent with public statements relating to the implementation of stricter capital adequacy requirements on commercial banks with a view to moving towards the international standards set by the Basel Committee on Banking Supervision, the State Bank of Vietnam (the “SBV”) issued, on May 20, 2010, Circular 13/2010/TT-NHNN regulating prudential ratios in operations of credit institutions.