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Official Gazette

Tuesday, September 27, 2022
Tags: credit institution system
Nation strives for effective restructuring of credit institution system Nation strives for effective restructuring of credit institution system
By 2025, Vietnam will have two or three commercial banks joining the top 100 powerful commercial banks in Asia, according to Prime Minister Decision 689/QD-TTg, approving the Scheme on restructuring of credit institutions associated with non-performing loan settlement for the 2021-25 period.
Policies in support of post-pandemic economic recovery translated into legal texts Policies in support of post-pandemic economic recovery translated into legal texts
Since early 2020, the complicated situation of the COVID-19 pandemic has severely affected the nation’s economy as well as many aspects of life and society. To address this, from April 2020 to July 2021, the Government rolled out several fiscal and monetary policies to help stabilize the national economy and ensure social security for the people.
Govt approves extension on bad debt settlement scheme Gov’t approves extension on bad debt settlement scheme
The Government has agreed to a proposal by the State Bank of Vietnam (SBV) to extend the pilot bad debt settlement of credit institutions under Resolution 47/NQ-CP dated March 29.
Building and improving the legal framework on foreign exchange management Building and improving the legal framework on foreign exchange management
In recent years, especially 2019, the world economy witnessed a series of insecurities. While almost all economies show signs of a slowdown, trade tensions among economic giants, especially the US-China trade war, continued to undergo complicated developments. As a result, the global growth rate in 2019 dropped to the lowest level since the 2008-09 financial crisis. Gold prices spiked and crude oil prices strongly fluctuated, giving rise to risks in the international market and consequently, many countries had to loosen their fiscal and monetary policies.
New strategy enhances independence of the central bank New strategy enhances independence of the central bank
The Strategy for development of the banking sector up to 2030 has been recently approved by the Prime Minister, setting forth major objectives for operations of the credit institution system as well as state management responsibilities of the State Bank. Below is an interview granted by Deputy Governor of the State Bank Nguyen Kim Anh to Thoi bao Ngan hang (Banking Times) about the Strategy.
Top 10 legal documents in 2017 Top 10 legal documents in 2017
These include the Planning Law, the Law on Technology Transfer, the Law on Foreign Trade Management and Decree 03/2017/ND-CP on casino business, among others.
Up-to-2020 plan to improve access to banking services approved Up-to-2020 plan to improve access to banking services approved
A plan on improving the economy's access to banking services has been recently approved, setting the target that by 2020, some 70 percent of Vietnamese adults will have bank accounts.
Bank restructuring in Vietnam after two years Bank restructuring in Vietnam after two years
Bank restructuring is one of the three pivotal tasks of Vietnam’s ongoing economic restructuring process. This article reviews the initial results of implementation of this policy and discusses issues to be tackled in the coming time.
Decision No. 1394/QD-TTg: National Deposit Insurance has its status defined Decision No. 1394/QD-TTg: National Deposit Insurance has its status defined
Economic restructuring needs appropriate tax policy Economic restructuring needs appropriate tax policy
The Government’s overall scheme on “Economic restructuring associated with changing the growth model toward increasing the effectiveness, productivity and competitiveness of the economy” has identified five major orientations

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