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Official Gazette

Wednesday, November 25, 2020
Tags: the State Bank of Vietnam
Offshore investment placed under stricter control Offshore investment placed under stricter control
Individuals would be banned from purchasing houses in foreign countries, according to a draft decree on offshore investment formulated by the Ministry of Planning and Investment to replace Decree 83 of 2015.
NA Standing Committees 49th meeting wraps up NA Standing Committee’s 49th meeting wraps up
The 49th meeting of the National Assembly Standing Committee wrapped up in Hanoi on October 15. The meeting took place amid flooding causing severe loss of life and property in the central region, with many officials, soldiers and citizens unaccounted for. 
Central bank revises regulations on forex transactions Central bank revises regulations on forex transactions
Foreign investors who have invested in government bonds issued in Vietnam dong could execute foreign exchange forward transactions with licensed credit institutions to hedge exchange rate risks, according to a draft circular recently released by the State Bank of Vietnam.
Notable achievements during Vietnams 75 years Notable achievements during Vietnam’s 75 years
This September marks 75 years since the Vietnamese people, under the leadership of the Communist Party of Vietnam (CPV), overthrew 80 years of French colonial rule.
PM requests economic stimulation inflation control PM requests economic stimulation, inflation control
Prime Minister Nguyen Xuan Phuc has called for the continued study of fiscal and monetary policies to stimulate the country’s economy while ensuring macro-economic stability and inflation control.
Central bank to adjust monetary policies to weather pandemic Central bank to adjust monetary policies to weather pandemic
The State Bank of Vietnam announced it could adjust monetary policies, including credit growth and incentives, in the remaining months of the year to cope with the COVID-19 pandemic.
Central bank to pilot fintech operations Central bank to pilot fintech operations
The State Bank of Vietnam is planning to apply on a pilot basis a regulatory sandbox allowing fintech companies to provide some banking services from 2021.
Vietnam wishes to further promote cashless payment Vietnam wishes to further promote cashless payment
The first “Cashless Day” of Vietnam was held on June 16 with a series of events designed to encourage non-cash payment in the country.
Central bank allows eKYC for online opening of payment accounts Central bank allows eKYC for online opening of payment accounts
Banks may apply an electronic Know-your-Client (eKYC) process to open payment accounts, instead of the traditional face-to-face one.
PM targets powerful prosperous status for southern key economic region by 2035 PM targets powerful, prosperous status for southern key economic region by 2035
Prime Minister Nguyen Xuan Phuc on May 30 requested the southern key economic region to strive to become a powerful and prosperous region by 2035, ten years ahead of the deadline for the same goal for the whole Vietnam.

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