Concentrating on fast growth while turning a blind eye to the purposes of bond issuance plans has caused risks and insecurity in the corporate bond investments of credit institutions.
In a document issued Tuesday addressing credit institutions, the State Bank of Viet Nam (SBV) required these institutions to review their implementation regarding the SBV’s strict regulations on consumer loan management.
The Banking Supervision Agency under the central bank has been upgraded
to a general department, with more duties and rights as of August 1,
according to a newly issued decision.
