credit institutions

Update news credit institutions

BUSINESS IN BRIEF 16/11

 Vietcombank sells 2.1 billion dollars to SBV; Hanoi eases loan costs for businesses; 1.3 billion USD earmarked for resettlement in power plant; Furniture fair spurs locally made products; Real estate market faces further challenges ahead

New rule enables VAMC to auction bad debt

 VietNamNet Bridge – The State Bank of Vietnam has just issued Circular 19 regulating operations of the Vietnam Asset Management Company (VAMC), giving it the mandate to auction bad debts at credit institutions.

State Bank given go-ahead to buy into struggling credit institutions

 Under Prime Minister Decision No. 48/2013/QD-TTg of August 1, the State Bank of Viet Nam (SBV) will be empowered to acquire shares of banks placed under special control.

Ministry tightens food advertising laws

 The regulations on advertisements for food under the management of the Ministry of Health are promulgated under the Circular 08/2013/TT-BYT dated March 13, 2013 (Circular 08).

More trading firms handed SBV golden ticket

 VietNamNet Bridge – The State Bank of Viet Nam on Tuesday, Jan 8, granted gold bar trading licences to seven more firms, bring the total number of bullion traders nation-wide to 38.