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Law On Credit Institutions

Credit limit for large customers to be gradually reduced over next five years

Credit limit for large customers to be gradually reduced over next five years

Under the Law on Credit Institutions, which took effect from last month, over the next five years, the credit limit will be decreased by one per cent every year for a customer.
Banks to develop roadmap to comply with share ownership cap policy

Banks to develop roadmap to comply with share ownership cap policy

According to the Law, which took effect from July 1 this year, institutional shareholders will need to lower the percentage of shares they hold in a credit institutions from 15 per cent to 10 per cent 
Detailed guidance needed to have new insurance agency policy run smoothly

Detailed guidance needed to have new insurance agency policy run smoothly

Due to confusion, some banks have temporarily suspended the sale of insurance products, causing their revenue to decline sharply since the law took effect.
New law tightens cross-ownership in credit institutions

New law tightens cross-ownership in credit institutions

Cross-ownership and manipulation in credit institutions will be tightened after the revised Law on Credit Institutions took effect from July 1, 2024.
New policy on reducing credit limits to have impacts on big banks, groups

New policy on reducing credit limits to have impacts on big banks, groups

A new regulation on reducing the bank credit limit for large customers under the amended Law on Credit Institutions, will adversely affect both banks and large enterprises, experts said.
New law expects to boost financial leasing

New law expects to boost financial leasing

The law, which will take effect from July 1 this year, allows financial leasing companies to establish subsidiaries to handle and exploit bad debt assets. It also states that small financial leasing deals with value under VNĐ100 million do not...
Syndicated lending proposed to reduce impacts of loan limit policy

Syndicated lending proposed to reduce impacts of loan limit policy

Syndicated loans with the participation of more than one bank in managing and evaluating projects also help increase the transparency and efficiency of projects.
Changes to Law on Credit Institutions reduce ownership limits in banks

Changes to Law on Credit Institutions reduce ownership limits in banks

Under the amended Law on Credit Institutions, effective from July 1, 2024, commercial banks in Việt Nam are required to reduce the ownership ratios of organisations, shareholders, and related parties.
Bad debt recovery faces many challenges in 2024

Bad debt recovery faces many challenges in 2024

Under the amended Law on Credit Institutions recently passed by the National Assembly, credit institutions do not have the right to repossess collateral.
NA discusses amended Law on Credit Institutions during extraordinary general meeting

NA discusses amended Law on Credit Institutions during extraordinary general meeting

After the adoption of the amendments, the law consisted of 15 chapters and 210 articles. It is anticipated that the law will come into effect on January 1, 2025.
Bank law to be amended to ensure banking system safety

Bank law to be amended to ensure banking system safety

The State Bank of Viet Nam (SBV) is collecting comments on its draft revised Law on Credit Institutions to better ensure the safety of the banking system.
Law expected to be revised to improve safety of the banking system

Law expected to be revised to improve safety of the banking system

The SBV expected the amendment of the Law on Credit Institutions will prevent cross-ownership and governance abuse of major shareholders to manipulate the operations of credit institutions.
Revised Law on Credit Institutions to cover bad debt recovery

Revised Law on Credit Institutions to cover bad debt recovery

The Government has directed the State Bank of Viet Nam to add non-performing loan settlement regulations under Resolution No.42/2017/QH14 into the revised Law on Credit Institutions.
Finance ministry drafts specific regulations for poor credit instutitions

Finance ministry drafts specific regulations for poor credit instutitions

Weak credit institutions in the process of restructuring and dealing with bad debts will be put under special control in accordance with the Law on Credit Institutions, according to a decree being drafted by the Ministry of Finance.
New regulation reduces cross-ownership in banks

New regulation reduces cross-ownership in banks

Cross-ownership in banks has decreased sharply after the banks recently changed their top leaders at the 2018 annual general meetings of shareholders (AGMs) to meet the central bank’s new regulation.