In order to more effectively manage foreign investment capital flows in line with Prime Minister Directive No. 1617/CT-TTg of September 19, 2011, SBV requires credit institutions and foreign bank branches to report on their loans provided to foreign-invested businesses.
Such reports should be sent to SBV’s Monetary Policy Department before March 16.
According to SBV’s Official Letter No. 1355/NHNN-CSTT of March 9, the central bank asks credit institutions to notify assessment of provision and recovery their loans to/from foreign-invested businesses and to identify difficulties in the process of granting credits and collecting debts from these businesses.
In addition, credit institutions are requested to recommend improvements to the legal framework on borrowing by foreign-invested businesses.-