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amended Law on Credit Institutions

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...
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.
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.