Press Release on issuance of Circular No.04/2019/TT-NHNN
Hanoi, March 29, 2019 – The Governor of the State Bank of Vietnam (SBV) issued Circular No. 04/2019/TT-NHNN amending and supplementing a number of articles of Circular No.24/2013/TT-NHNN dated December 2, 2013 stipulating the classification of assets and off-balance sheet commitments of the Vietnam Development Bank (VDB).
The new Circular amends and supplements the governing scope in the direction of classifying the total loan outstandings of the VDB in order to reflect more exactly the credit quality and ensure accordance with the operational features of the VDB.
The new Circular is composed of 3 Articles as follows:
- Article 1: Amending and supplementing a number of articles of Circular No.24/2013/TT-NHNN.
- Article 2: Implementation.
- Article 3: Effectiveness.
The new Circular takes effect from May 15, 2019.
Translated by Le Hang