Information technology requirements to be met by people's credit funds in Vietnam

07:07, 04/01/2016

On December 31, 2015, the State Bank of Vietnam issued Circular No. 32/2015/TT-NHNN regulating limits and safety ratios in the operations of people's credit funds, which specifies information technology requirements to be met by people's credit funds.

According to Circular No. 32/2015/TT-NHNN of the State Bank of Vietnam, after a maximum period of 12 (twelve) months from March 01, 2016, the people's credit fund must have an information technology system.

In particular, the information technology system of the people's credit fund must ensure the following minimum requirements:

- Store, access and supplement customer database, ensure risk management according to regulations of the State Bank and internal regulations of the people's credit fund;

- Statistic and track capital items, assets, and liabilities; calculate, manage and monitor safety limits and ratios specified in this Circular.

View detailed information technology requirements at Circular No. 32/2015/TT-NHNN of the State Bank of Vietnam, effective from March 01, 2016.

- Khanh Chi -

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