Deputy Prime Minister Le Minh Khái has just signed Decision No. 1844/QD-TTg approving the plan to reduce and simplify regulations related to business activities under the management functions of the State Bank of Vietnam.
Accordingly, reducing and simplifying 27 administrative procedures in 6 business lines under the management functions of the State Bank of Vietnam.
Specifically, reducing and simplifying 03 administrative procedures related to the provision of payment mediate services; 06 administrative procedures related to business activities and provision of foreign exchange services of organizations that do not credit institutions; 04 administrative procedures related to gold business; 04 administrative procedures related to other financial services (except insurance and social insurance); 04 administrative procedures related to business operations of commercial banks and 06 administrative procedures related to business activities of cooperative banks, people's credit funds, microfinance institutions.
The Deputy Prime Minister assigned the State Bank of Vietnam and relevant ministries and sectors within the competence to implement following the contents and time limit specified in the plan to reduce and simplify regulations related to business activities approved by the Prime Minister.
In the process of implementation, the State Bank of Vietnam shall proactively detect and promptly amend, supplement, replace or cancel relevant regulations under its competence or submit them to competent authorities for consideration and decision on laws, ordinances, and decrees of the Government, The Prime Minister's decisions have provisions related to business activities that need to be amended, supplemented, replaced or abolished or canceled to implement the Plan for reduction and simplification of regulations related to business activities approved by the Prime Minister.
Collected from the source
CK