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blue-check New powers and organizational structure of the State Bank of Vietnam

Decree No. 102/2022/ND-CP dated December 12th, 2022 of the Government on defining functions, tasks, powers and organizational structure of the State Bank of Vietnam
Posted: 13/12/2022 7:25:34 AM | Latest updated: 24/12/2022 9:11:28 AM (GMT+7) | LuatVietnam: 5600 | Vietlaw: 591
VietlawOnline

This Decree takes effect from January 1st, 2023 and replaces Decree No. 16/2017/ND-CPstatus1 dated February 17th, 2017.

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Effective Date 1-Jan-2023
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 591

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Timeline

Banking management

light-check Banks have to conduct environmental risk assessment in extending credit to investment projects
blue-check New powers and organizational structure of the State Bank of Vietnam
blue-check Amendments to regulations on provision of special loans for credit institutions placed under special control
blue-check Amendments to the minimum liquidity ratio Vietnam Development Bank
blue-check Amendments to procedures and application for approval for changes in operation licenses of banks
blue-check New regulations on supervision of operational safety of banks
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blue-check Amendments to regulations on grant of special loans to credit institutions under special control
blue-check New operating regulations of Steering Committee on prevention and control of corruption in banking sector
blue-check To loosen procedures for establishment of branches, agent offices of commercial banks
blue-check In 2022: Inflation shall be controlled at about 4% and credit increases by 14%
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blue-check More administrative violations in monetary and banking sector shall be subject to fines from January 1st, 2022
blue-check New regulations on period of retention of banking documents of the SBV
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blue-check [Merged] - Regulations on issuance and use of band cards
blue-check After January 1st, 2022: Magnetic ATM cards are still used to perform card transactions
blue-check Amendments to methods of delivery and receipt of banknotes among the central vaults and banks
blue-check Conditions for banks to rediscount negotiable instruments
blue-check From January 1st, 2022: Banks may issue cards electronically