Upcoming Annulment of Numerous Legislative Documents in the Banking Sector in Vietnam

Below is the content mentioned in the Draft Circular abolishing legislative documents issued by the Governor of the State Bank of Vietnam.

- Annulment of 27 legal documents issued by the Governor of the State Bank of Vietnam;

- This Circular is expected to take effect in 2017.

Below is the List of legislative documents issued by the Governor of the State Bank of Vietnam that are annulled

No. DOCUMENT NAME
1 Decision 181/QD-NH dated October 10, 1991, promulgating the Rules for Organization and Technical Operations of Interbank Clearing
2 Inter-ministerial Circular 14/TTLB dated November 4, 1992, on the work of protecting state security and assets managed by the State Bank
3 Decision 96-QD/NH2 dated April 19, 1997, on issuing a cash withdrawal form
4 Decision 394/1997/QD-NHNN1 dated November 28, 1997, on designated loans (phase I) for state-owned commercial banks to mitigate the consequences of storm No. 5
5 Circular 07/1997/TT-NHNN7 dated December 4, 1997, guiding the implementation of Decision 802/TTg dated September 24, 1997, by the Prime Minister of the Government of Vietnam on addressing issues in opening letters of credit
6 Decision 218/1998/QD-NHNN1 dated July 1, 1998, assigning tasks to Vietnam Industrial and Commercial Bank to manage and lend capital from the Education Credit Fund
7 Inter-ministerial Circular 04/1998/TTLT-BTS-BKHDT-BTC-NHNN dated December 17, 1998, guiding the management and use of investment credit capital according to the State plan for new construction and conversion projects of offshore fishing and service vessels
8 Decision 134/2000/QD-NHNN2 dated April 18, 2000, promulgating the Technical Operation Procedures for electronic fund transfers within the State Bank system
9 Decision 1234/2001/QD-NHNN dated September 26, 2001, promulgating the Lending Regulations applicable to students of universities, colleges, vocational secondary schools, and vocational training institutions
10 Decision 1278/2001/QD-NHNN dated October 9, 2001, on the regulations on the operation of the Executive Committee for managing state foreign exchange reserves
11 Decision 19/2003/QD-NHNN dated January 6, 2003, on the internal management mechanism in the State Bank for implementing the ASEAN swap agreement
12 Decision 582/2003/QD-NHNN dated June 9, 2003, on adjusting the reserve requirements for credit institutions
13 Circular 11/2003/TT-NHNN dated December 11, 2003, guiding foreign exchange management for the purchase and sale of government bonds in foreign currencies by organizations and individuals under Decision 182/2003/QD-TTg dated September 5, 2003, by the Prime Minister of the Government of Vietnam
14 Directive 03/2004/CT-NHNN dated February 9, 2004, on lending funds to state-owned agricultural and forestry enterprises
15 Circular 06/2004/TT-NHNN dated September 27, 2004, guiding internal credit in cooperatives
16 Decision 19/2006/QD-NHNN dated May 4, 2006, promulgating the action program of the banking sector on practicing thrift and combating wastefulness
17 Directive 05/2006/CT-NHNN dated December 21, 2006, on strengthening legal dissemination and education in the banking sector
18 Circular 04/2007/TT-NHNN dated June 13, 2007, amending and supplementing Circular 06/2004/TT-NHNN dated September 27, 2004, by the State Bank, guiding internal credit in cooperatives
19 Directive 04/2007/CT-NHNN dated October 8, 2007, on compliance with laws on traffic order and safety
20 Decision 47/2007/QD-NHNN dated December 25, 2007, on credit information service charges
21 Inter-ministerial Circular 01/2008/TTLT-BCT-BTC-BGTVT-BNN&PTNT-BYT-NHNN dated January 31, 2008, guiding the implementation of Decision 254/2006/QD-TTg dated November 7, 2006, by the Prime Minister of the Government of Vietnam, on managing border trade activities with countries sharing borders
22 Directive 03/2008/CT-NHNN dated April 22, 2008, on strengthening the inspection and supervision of the State Bank
23 Circular 17/2008/QD-NHNN dated May 16, 2008, providing information on interest rates for determining the base interest rate
24 Decision 19/2008/QD-NHNN dated July 1, 2008, promulgating the Program on Legal Dissemination and Education in the banking sector (2008-2012)
25 Directive 04/2008/CT-NHNN dated August 27, 2008, correcting the activities of people's credit funds
26 Directive 05/2008/CT-NHNN dated October 9, 2008, on some measures to ensure the safety and efficiency of the business activities of credit institutions
27 Circular 18/2009/TT-NHNN dated August 14, 2009, detailing the lending by commercial banks to subjects purchasing, renting low-income housing in urban areas

For detailed content, see Draft.

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