Supplementing the responsibility of Directors of provincial branches of the State Bank of Vietnam

10:07, 21/05/2019

Recently, the Government of Vietnam issued Decree No. 43/2019/NĐ-CP providing amendments to Decree No. 26/2014/NĐ-CP on organization and operation of banking inspection and supervision authorities.

Decree No. 43/2019/NĐ-CP of Vietnam’s Government has amended and supplemented the responsibility of Directors of provincial branches of the State Bank of Vietnam (SBV). Specifically, each Director of SBV’s provincial branch shall:

- Direct operations of the banking supervision unit of the SBV's provincial branch within the management of the SBV's provincial branch.

- Consider approving the annual inspection plan of the banking supervision unit of the SBV's provincial branch.

- Take timely actions against conclusions and recommendations of the banking supervision unit of the SBV's provincial branch.

- Organize, instruct and provide funding, material and technical facilities, uniforms and other necessary conditions for the banking supervision unit of the SBV's provincial branch.

- Fulfill other responsibilities as prescribed by laws and the SBV.

View relevant provisions at Decree No. 43/2019/NĐ-CP of Vietnam’s Government, effective from May 17, 2019.

- Thanh Lam -

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