Decision No. 175/QD-NH5 permits branches of foreign banks and joint venture banks operating in Vietnam to provide foreign currency loans to domestic commercial banks, while requiring the use of borrowed funds for their intended purposes. The decision takes effect from September 1, 1994.
Đối tượng áp dụng
Branches of foreign banks and joint venture banks operating in Vietnam, domestic commercial banks.
Các điểm cốt lõi
- Foreign bank branches and joint venture banks are permitted to lend foreign currency to Vietnamese commercial banks.
- The use of borrowed funds must comply with current regulations on the purpose of foreign currency loans.
🌐 Tác động xã hội từ văn bản này
- Positive impact: Strengthening cooperation between foreign banks and domestic banks, promoting the development of the banking industry.
- Negative impact: Potential risks in managing foreign currency if regulations are not strictly followed.
❓ Câu hỏi thường gặp
Who can foreign bank branches and joint venture banks lend foreign currency to?
Foreign bank branches and joint venture banks operating in Vietnam are permitted to lend foreign currency to domestic commercial banks.
What regulations must be followed for the use of borrowed funds?
The use of borrowed funds must comply with current regulations on the purpose of foreign currency loans.
When does this decision take effect?
This decision takes effect from September 1, 1994.
How do domestic banks receive foreign currency loans?
Vietnamese commercial banks receive foreign currency loans from foreign bank branches and joint venture banks operating in Vietnam.
Are there penalties for non-compliance with regulations on the purpose of using borrowed funds?
This document does not specify specific sanctions for violations of regulations on the purpose of using borrowed funds.
Toàn văn
Pursuant to …;
ON FOREIGN CURRENCY LOANS BY BRANCHES OF FOREIGN BANKS AND JOINT-VENTURE BANKS TO DOMESTIC BANKS
JOINT VENTURE FUNDS RELATING TO DOMESTIC BANKS
GOVERNOR OF THE STATE BANK OF VIETNAM
Pursuant to the Ordinance on the State Bank dated May 23, 1990;
WHEREAS, Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of ministries and ministerial-level agencies;
WHEREAS, Decree No. 189/HĐBT dated June 15, 1991 of the Council of Ministers promulgating the Regulations on branches of foreign banks and joint-venture banks operating in Vietnam;
IN ACCORDANCE WITH THE PROPOSAL OF THE HEAD OF THE DEPARTMENT OF FINANCIAL INSTITUTIONS;
Pursuant to …;
Article 1. Branches of foreign banks and joint-venture banks operating in Vietnam are permitted to provide foreign currency loans to commercial banks in Vietnam.
The use of borrowed funds must comply with current regulations regarding the purposes of foreign currency loans.
Article 2. This Decision takes effect from September 1, 1994. The Director of the Governor's Office, the Head of the Department of Financial Institutions, the Heads of Departments, Bureaus, ..., and subordinate units of the State Bank of Vietnam, General Directors of Vietnamese Banks, branches of foreign banks, and joint-venture banks operating in Vietnam shall implement this Decision.
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CHU VAN NGUYEN (Signed) |
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