The Governor of the State Bank of Vietnam (SBV) issued Decision No.1417/QD-NHNN dated July 9, 2018 approving the plan of simplification of 257 business conditions under its jurisdiction.
Specifically, there are 84 conditions for business activities of commercial banks; 52 conditions for business activities of non-bank financial institutions; 59 conditions for business activities of cooperative banks, people’s credit funds and microfinance institutions; 8 conditions for intermediary payment service providers; 13 conditions for credit information service providers; 19 conditions for forex activities of non-credit institutions; 12 conditions for gold trading; 6 conditions for money printing and minting; 4 conditions for debt trading services.
Those conditions are currently stipulated in 8 Decrees of the Government and 10 Circulars, Decisions of the SBV.
Le Hang