Decree No. 42/2018/ND-CP abolishes certain Decrees of the Government in the banking sector, aiming to adjust and update the legal system related to banking activities.
적용 범위
The State Bank of Vietnam, credit institutions, foreign bank branches, and relevant agencies in the banking sector.
핵심 사항
- Abolish Decree No. 14/CP of 1993 on policies for lending capital for agricultural development.
- Abolish Decree No. 48/2001/ND-CP and Decree No. 69/2005/ND-CP relating to the organization and operation of People's Credit Funds.
- Abolish Decree No. 22/2006/ND-CP on the organization and operation of foreign bank branches, joint venture banks, and representative offices of foreign credit institutions in Vietnam.
- Abolish Decree No. 59/2009/ND-CP on the organization and operation of commercial banks.
- Abolish Decree No. 05/2010/ND-CP stipulating the application of the Bankruptcy Law to credit institutions.
🌐 이 문서의 사회적 영향
- Assist the State Bank of Vietnam in adjusting and updating the legal system related to banking activities.
- Credit institutions and foreign bank branches must comply with new regulations that replace the abolished ones.
- Citizens and businesses may encounter difficulties in understanding and implementing the new regulations.
❓ 자주 묻는 질문
What Decrees does Decree No. 42/2018/ND-CP abolish?
Abolish five Decrees related to lending policies, the organization and operation of People's Credit Funds, foreign bank branches, commercial banks, and the application of the Bankruptcy Law to credit institutions.
When does this Decree take effect?
Takes effect from July 1, 2018.
전문
DECREE
ABOLISHING SOME GOVERNMENTS' DECREES IN THE BANKING SECTOR
Pursuant to the Law on Government Organization dated June 19, 2015;
PURSUANTWHEREAS, pursuant to the Law on the State Bank of Vietnam dated June 16, 2010;
Pursuant to the Law on Credit Institutions dated June 16, 2010;
WHEREAS, pursuant to the Law Amending and Supplementing Certain Articles of the Law on Credit Institutions dated November 20, 2017;
At the proposal of the Governor of the State Bank of Vietnam;
THE GOVERNMENT ISSUES THIS DECREE TO ABOLISH SOME GOVERNMENTS' DECREES IN THE BANKING SECTOR.
ARTICLE 1. ABOLISH SOME GOVERNMENTS' DECREES IN THE BANKING SECTOR, INCLUDING:
1. DECREE NO. 14/CP DATED MARCH 2, 1993 OF THE GOVERNMENT ON THE REGULATIONS ON POLICIES FOR HOUSEHOLD PRODUCTION LOANS TO DEVELOP AGRICULTURE, FORESTRY, FISHERIES, AND RURAL ECONOMY.
2. DECREE NO. 48/2001/NĐ-CP DATED AUGUST 13, 2001 OF THE GOVERNMENT ON THE ORGANIZATION AND OPERATIONS OF PEOPLE'S CREDIT FUNDS.
3. DECREE NO. 69/2005/NĐ-CP DATED MAY 26, 2005 OF THE GOVERNMENT AMENDING AND SUPPLEMENTING CERTAIN ARTICLES OF DECREE NO. 48/2001/NĐ-CP DATED AUGUST 13, 2001 OF THE GOVERNMENT ON THE ORGANIZATION AND OPERATIONS OF PEOPLE'S CREDIT FUNDS.
4. DECREE NO. 22/2006/NĐ-CP DATED FEBRUARY 28, 2006 OF THE GOVERNMENT ON THE ORGANIZATION AND OPERATIONS OF FOREIGN BANK BRANCHES, JOINT-VENTURE BANKS, FOREIGN SOLELY OWNED BANKS, AND REPRESENTATIVE OFFICES OF FOREIGN CREDIT INSTITUTIONS IN VIETNAM.
5. DECREE NO. 59/2009/NĐ-CP DATED JULY 16, 2009 OF THE GOVERNMENT ON THE ORGANIZATION AND OPERATIONS OF COMMERCIAL BANKS.
6. DECREE NO. 05/2010/NĐ-CP DATED JANUARY 18, 2010 OF THE GOVERNMENT ON THE APPLICATION OF THE LAW ON BANKRUPTCY TO CREDIT INSTITUTIONS.
Article 2. Implementation Provisions
1. This Decree takes effect from July 1, 2018.
2. Ministers, Heads of ministerial-level agencies, Heads of government-affiliated agencies, and Chairpersons of provincial People's Committees shall be responsible for implementing this Decree./.
PRIME MINISTER
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