Decree No. 09/2010/L-CTN announces the Law on Credit Institutions which was adopted by the National Assembly on June 16, 2010, based on the Constitution and relevant laws.
要点
- This Law regulates the activities of credit institutions within the Vietnamese banking system.
🌐 本文件的社会影响
- Positive impact: Establishes a strict, transparent, and effective management mechanism for credit institutions, contributing to enhancing the safety of the banking system.
- Negative impact: May cause difficulties for some credit institutions during the process of adjusting their operations according to new regulations.
❓ 常见问题
To which organizations does this Law apply?
The Law on Credit Institutions applies to all credit institutions operating within the territory of Vietnam, including commercial banks, financial companies, and foreign bank branches.
What specific provisions regarding risk management for credit institutions are there?
This Law does not specify detailed provisions on risk management. However, credit institutions must comply with risk management regulations issued by the State Bank of Vietnam.
When does it take effect?
This Law takes effect immediately upon announcement and applies to all credit institutions operating within the territory of Vietnam.
Are there provisions for penalties for violations?
There is no specific information about penalty provisions in this document. Credit institutions must comply with current legal regulations.
When was this Law announced?
The Law was adopted by the National Assembly on June 16, 2010, and was promulgated by the President in Decree No. 09/2010/L-CTN.
全文
ORDER
Regarding the promulgation of the Law
____________
CHAIRMAN
SOCIALIST REPUBLIC OF VIET NAM
Pursuant to Article 103 and Article 106 of the Constitution of the Socialist Republic of Vietnam in 1992, amended and supplemented by Resolution No. 51/2001/QH10 dated December 25, 2001 of the Tenth Session of the Tenth National Assembly;
Pursuant to Article 91 of the Law on the Organization of the National Assembly;
Pursuant to Article 57 of the Law on the Issuance of Legal Normative Documents,
NOW PROMULGATE
Law on Credit Institutions
Passed by the Seventh Session of the Twelfth National Assembly of the Socialist Republic of Vietnam on June 16, 2010./.
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