Plan to remove some regulations related to business activities of Vietnam State Bank in 2021

Duc Thao

09:51, 29/01/2021

Recently, the State Bank of Vietnam issued Decision 70/QD-NHNN on the issuance of the Plan to reduce and simplify regulations related to business activities in 2021 of the State Bank of Vietnam.

The Plan promulgated together with Vietnam's Decision 70/QD-NHNN has set out four main groups of work to be performed, among which, the statistical work, review, and calculation of compliance costs related to the operation. The business activities of the State Bank of Vietnam in 2021 will be carried out with the following specific tasks:

Make statistics, review and calculate the cost of compliance with regulations related to business activities that are expected to be reduced and simplified on the software system of the Government Office of Vietnam;
Update regulations related to business activities which are amended, supplemented, replaced, annulled, canceled, and with fluctuations in compliance costs on the software system of the Government Office of Vietnam;
Review regulations related to business activities under the management authority of the unit associated with the handling of complaints and recommendations on administrative regulations and the formulation of laws to propose and develop plans to reduce, simplify.

More details can be found in Vietnam's Decision 70/QD-NHNN issued on January 21, 2021.

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