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Từ khóa: #foreign bank branches

SBV orders strict control on real estate credit

SBV orders strict control on real estate credit

The State Bank of Vietnam (SBV) has recently requested credit institutions and foreign bank branches to strictly control the growth rate of credit outstanding balance and the credit quality of sectors with potential risks or heavily affected by the Covid-19 pandemic, especially the real estate credit.
M2M businesses must deposit 5 percent of chartered capital

M2M businesses must deposit 5 percent of chartered capital

Multi-level marketing (MLM) businesses are responsible for making a deposit equivalent to 5 percent of their chartered capital and not lower than VND10 billion (US$430,000) at commercial banks or foreign bank branches in Vietnam from January 1, 2019 according to Circular 29 issued by the State Bank of Vietnam.