Recently, the Governor of the State bank of Vietnam has issued Circular No. 25/2019/TT-NHNN providing amendments to Circular No. 40/2011/TT-NHNN dated December 15, 2011 of the Governor of the State Bank of Vietnam providing for the licensing and organization and operation of commercial banks, foreign bank branches, representative offices of foreign credit institutions and other foreign organizations performing banking activities in Vietnam.
Recently, the State Bank of Vietnam has issued Circular No. 16/2018/TT-NHNN amending and amending certain articles of the Circular No. 36/2014/TT-NHNN. A notable content of Circular No. 16/2018/TT-NHNN is the regulation on exchange rate used to calculate prudential ratios and limits.
The recently issued Circular No. 13/2018/TT-NHNN of the State Bank of Vietnam details contents on risk management, control and internal audit and other issues under internal control systems of banks.
On September 29, 2017, the State Bank of Vietnam issued Circular No. 14/2017/TT-NHNN on methods of calculating interest on depositing and credit extension transactions between credit institutions and customers.
This is one of the contents of microprudential supervision mentioned in Circular No. 08/2017/TT-NHNN on procedures for carrying out banking supervision issued by the State Bank of Vietnam.
On July 19, 2017, the Prime Minister of Vietnam issuedDecision No. 1058/QĐ-TTg on approving scheme for “Restructuring system of credit institutions associated with settlement of bad debts in the period of 2016-2020”.
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