Reduction of Numerous Business Conditions in the Banking Sector

Anh Tu

18:30, 11/07/2024

Recently, the Governor of the State Bank of Vietnam issued Decision No. 1417/QD-NHNN approving the plan to simplify business conditions under the management function of the State Bank of Vietnam.

The Governor of the State Bank has issued a plan to cut, reduce, and simplify business conditions in the following activities:

- Business activities of commercial banks;- Business activities of non-bank credit institutions;- Business activities of cooperative banks, people's credit funds, microfinance institutions;- Providing intermediary payment services;- Foreign exchange activities of non-credit institutions;- Gold trading;- Money printing and minting activities;- Debt trading services.

At the same time, the Governor of the State Bank has also issued a list of amended and supplemented documents to implement this plan.

See detailed reduction plan in Decision 1417/QD-NHNN issued on July 09, 2018.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn