How will administrative violations in the field of finance and banking be penalized?

The Government has just issued Decree No. 143/2021/ND-CP amending and supplementing some articles of Decree No. 88/2019/ND-CP dated November 14, 2019, providing for the sanctioning of administrative violations in the banking and money sectors.

The preferential interest rate for social housing does not exceed 50% of the normal interest rate

The preferential interest rate for social housing does not exceed 50% of the normal interest rate

The State Treasury announces the foreign currency accounting rate in December 2021.

The State Treasury has just announced the foreign currency accounting rate in December 2021. Specifically, the accounting exchange rate between VND and USD is 1 USD = 23,126 VND. This is the exchange rate for accounting and reporting of foreign currency revenue and expenditure applied uniformly across the country…

Reduce interest rates with policy credit at Bank for Social Policies.

On November 26, 2021, the Prime Minister issued Decision No. 1990/QD-TTg on reducing lending rates for social policy credit programs at the Bank for Social Policy. Decision No. 1990/QD-TTg takes effect from October 1, 2021 to December 31, 2021.

New regulations on rediscounting of commercial papers between credit institutions.

The State Bank has just issued Circular No. 18/2021/TT-NHNN stipulating the rediscounting of commercial papers between credit institutions and foreign bank branches. This Circular takes effect from January 7, 2022.

Modifying Decision 23, having bad debt can still get a preferential loan package of 7,500 billion VND.

The Prime Minister has signed and promulgated Decision 33/2021/QD-TTg amending and supplementing some articles of Decision No. 23/2021/QD-TTg regulations on the implementation of some policies to support workers and employers facing difficulties due to the Covid-19 pandemic, including regulations on preferential loans.