Has trực tiếp bóng đá euro hôm nay Law on Amendments to Credit Institutions Law been passed at trực tiếp bóng đá euro hôm nay 5th extraordinary session of trực tiếp bóng đá euro hôm nay 15th National Assembly in Vietnam?

Has trực tiếp bóng đá euro hôm nay Law on Amendments to Credit Institutions Law been passed at trực tiếp bóng đá euro hôm nay 5th extraordinary session of trực tiếp bóng đá euro hôm nay 15th National Assembly in Vietnam?

At trực tiếp bóng đá euro hôm nay 5th Extraordinary Session of trực tiếp bóng đá euro hôm nay 15th National Assembly, trực tiếp bóng đá euro hôm nay National Assembly discussed in trực tiếp bóng đá euro hôm nay Hall trực tiếp bóng đá euro hôm nay Law on Amendments to Credit Institutions Law project.

After listening to trực tiếp bóng đá euro hôm nay Chairman of trực tiếp bóng đá euro hôm nay National Assembly's Economic Committee present trực tiếp bóng đá euro hôm nay Report explaining, absorbing and revising trực tiếp bóng đá euro hôm nay draft Law on Amendments to Credit Institutions Law, trực tiếp bóng đá euro hôm nay National Assembly voted to pass this Law.

trực tiếp bóng đá euro hôm nay results of trực tiếp bóng đá euro hôm nay electronic voting show that 450 delegates participated in voting in favor (accounting for 91.28%). Thus, with trực tiếp bóng đá euro hôm nay majority of delegates participating in voting in favor, trực tiếp bóng đá euro hôm nay National Assembly passed trực tiếp bóng đá euro hôm nay Law on Amendments to Credit Institutions Law.

trực tiếp bóng đá euro hôm nay Law on Amendments to Credit Institutions Law adopts trực tiếp bóng đá euro hôm nay following regulations:

- Establishment, organization, operation, early intervention, special control, reorganization, dissolution and bankruptcy of credit institutions;

- Establishment, organization, operation, early intervention, dissolution, and termination of operations of foreign bank branches;

- Establishment and operation of representative offices in Vietnam of foreign credit institutions and other foreign organizations with banking activities;

- Settlement of bad debts, collateral for bad debts of credit institutions, foreign bank branches, organizations in which trực tiếp bóng đá euro hôm nay State owns 100% charter capital with trực tiếp bóng đá euro hôm nay function of buying, selling and handling debt.

Has trực tiếp bóng đá euro hôm nay Law on Amendments to Credit Institutions Law been passed at trực tiếp bóng đá euro hôm nay 5th extraordinary session of trực tiếp bóng đá euro hôm nay 15th National Assembly in Vietnam? (Image from trực tiếp bóng đá euro hôm nay Internet)

What is balance of credit extension for commercial bank customers in 2024 in Vietnam?

In Article 128 of trực tiếp bóng đá euro hôm nay Law on Credit Institutions 2010 , amended by Clause 21, Article 1 of trực tiếp bóng đá euro hôm nay Law on Credit Institutions Amendment 2017, there are regulations on credit extension limits as follows:

Credit extension limits

1. trực tiếp bóng đá euro hôm nay total outstanding credit of a commercial bank, foreign bank branch, people's credit fund or microfinance institution extended to a single client must not exceed 15% of its own capital; trực tiếp bóng đá euro hôm nay total outstanding credit of a commercial bank, foreign bank branch, people's credit fund or microfinance institution extended to a single client and affiliated persons must not exceed 25% of its own capital.

2. trực tiếp bóng đá euro hôm nay total outstanding credit of a non-bank credit institution extended to a single client must not exceed 25% of its own capital; trực tiếp bóng đá euro hôm nay total outstanding credit of a non-bank credit institution extended to a single client and affiliated persons must not exceed 50% of its own capital.

3. trực tiếp bóng đá euro hôm nay total outstanding credit specified in Clauses 1 and 2 of this Article do not include loans sourced from capital entrusted by trực tiếp bóng đá euro hôm nay Government, organizations and individuals or loans to borrowers being other credit institutions.

4. trực tiếp bóng đá euro hôm nay balance of credit extension mentioned in Clause 2 of this Article includes trực tiếp bóng đá euro hôm nay purchase of and investments in bonds issued by trực tiếp bóng đá euro hôm nay clients and their related persons.

 

...

Thus, trực tiếp bóng đá euro hôm nay balance of credit extension for commercial bank customers must not exceed 15% of trực tiếp bóng đá euro hôm nay commercial bank's equity capital in Vietnam.

Note: trực tiếp bóng đá euro hôm nay balance of credit extension does not include loans from trust capital of trực tiếp bóng đá euro hôm nay Government, organizations, individuals or cases where trực tiếp bóng đá euro hôm nay borrower is another credit institution in Vietnam.

trực tiếp bóng đá euro hôm nay above balance of credit extension includes trực tiếp bóng đá euro hôm nay total purchase and investment in bonds issued by customers and related persons of that customer in Vietnam.

What is current interest rate of credit institutions in Vietnam?

According to Article 91 of trực tiếp bóng đá euro hôm nay Law on Credit Institutions 2010, regulations on interests and charges in business activities of credit institutions are as follows:

Interests and charges in business activities of credit institutions

...

2. Credit institutions and their clients may agree on interest rates and credit extension charges to be applied to their banking operations according to law.

....

Pursuant to trực tiếp bóng đá euro hôm nay provisions of Article 13 of Circular 39/2016/TT-NHNN amended by Clause 4, Article 1 of Circular 06/2023/TT-NHNN on loan interest rate as follows:

Loan interest rate

1. A credit institution and its customer shall agree on trực tiếp bóng đá euro hôm nay interest rate depending on capital demands and supplies on trực tiếp bóng đá euro hôm nay market, loan demands and creditworthiness of customers, unless otherwise stipulated by trực tiếp bóng đá euro hôm nay State Bank's regulations on trực tiếp bóng đá euro hôm nay maximum interest rate set forth in Clause 2 of this Article.

2. If trực tiếp bóng đá euro hôm nay customer has been rated transparent and healthy in its financial status by trực tiếp bóng đá euro hôm nay credit institution, trực tiếp bóng đá euro hôm nay credit institution and trực tiếp bóng đá euro hôm nay customer shall agree on trực tiếp bóng đá euro hôm nay interest rate on short-term loan in VND which shall not exceed trực tiếp bóng đá euro hôm nay maximum lending interest rate decided by SBV’s Governor over periods of time in order to meet certain demands for borrowed fund as follows:

a) Loans taken out to support trực tiếp bóng đá euro hôm nay agricultural and rural development sector under trực tiếp bóng đá euro hôm nay Government’s regulations on credit policies for agricultural and rural development;

 

....

Thus, trực tiếp bóng đá euro hôm nay current loan interest rates of credit institutions are not specifically regulated in Vietnam.

According to this Article, trực tiếp bóng đá euro hôm nay loan interest rate is determined based on trực tiếp bóng đá euro hôm nay agreement between trực tiếp bóng đá euro hôm nay customer and trực tiếp bóng đá euro hôm nay credit institution in Vietnam according to market capital supply and demand and customer's credit level, except in trực tiếp bóng đá euro hôm nay case of

- trực tiếp bóng đá euro hôm nay customer is assessed by trực tiếp bóng đá euro hôm nay credit institution as having a transparent and healthy financial situation. trực tiếp bóng đá euro hôm nay credit institution and trực tiếp bóng đá euro hôm nay customer agree on trực tiếp bóng đá euro hôm nay short-term loan interest rate in Vietnam Dong but does not exceed trực tiếp bóng đá euro hôm nay maximum interest rate is decided by trực tiếp bóng đá euro hôm nay Governor of trực tiếp bóng đá euro hôm nay State Bank of Vietnam in each period for certain capital needs.

Best regards!