Press Release on issuance of Circular No.07/2019/TT-NHNN
Hanoi, July 3, 2019 – The Governor of the State Bank of Vietnam (SBV) issued Circular No. 07/2019/TT-NHNN stipulating the safety limits and the safety ratios in the operations of the Vietnam Development Bank (VDB).
Circular No. 07/2019/TT-NHNN stipulates the safety limits and the safety ratios in the operations that the Vietnam Development Bank shall maintain constantly, including: the credit limit, the liquidity reserve ratio, the ratio of outstanding loans over the total mobilized capital ensuring compliance with the operational characteristics and orientations of the Restructuring Scheme of the Vietnam Development Bank in association with dealing with bad debts in the period of 2018-2020.
In addition, the Circular also provides for the explanations of terms, detailed instructions for a number of regulations, methods of determining a number of ratios, formats, and transitional regulations for a number of safety ratios.
Circular No. 07/2019/TT-NHNN is composed of 5 Chapters and 15 Articles.
The Circular comes into effect from January 1, 2020.
Translated by VA