On September 30, 2024, the Governor of the State Bank of Vietnam promulgated Circular No. 46/2024/TT-NHNN on the application of interest rates to deposits in USD of organizations and individuals at credit institutions and foreign bank branches.
On September 30, 2024, the Governor of the State Bank of Vietnam issued Circular 48/2024/TT-NHNN stipulating the application of interest rates on deposits in Vietnamese dong by organizations and individuals at credit institutions and branches of foreign banks in Vietnam.
The State Bank of Vietnam has issued Circular 39/2024/TT-NHNN, which include regulations on notification of special control over credit institutions in Vietnam.
From July 01, 2024, the authority to decide in special control over credit institutions in Vietnam will be implemented in accordance with the provisions of Circular 39/2024/TT-NHNN.
The self-classification of debts by credit institutions that are cooperatives in Vietnam from August 15, 2024, must comply with the principles stipulated in Circular 36/2024/TT-NHNN.
According to Resolution 36/ND-CP of the Government of Vietnam's session on special topics regarding legal development in April 2017, the Government of Vietnam agreed on the necessity and urgency of promptly promulgating a specialized legal framework to restructure system of financially weak credit institutions associated with settlement of bad debts, as well as on the promulgation of the Law on Planning.
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