Six Decrees on banking system eliminated

Annulled Decrees include:

1 - Decree 14/CP defining regulations on allowing households to borrow loans in order to develop agro-forestry, fisheries and rural economy

2 – Decree No. 48/2001/NĐ-CP on organization and operation of people's credit fund

3 – Decree No. 69/2005/NĐ-CP on amendments and supplements to a number of provisions of Decree No. 48/2001/ND-CP dated August 13, 2001 of the Government on organization and operation of the People's Credit Fund

4 – Decree No. 22/2006/NĐ-CP on organization and operation of foreign bank branches, joint-venture banks, banks with 100% foreign capital, and representative offices of foreign credit institutions in Viet Nam

5 – Decree No. 59/2009/NĐ-CP on organization and operation of commercial banks

6 - Decree No. 05/2010/ND-CP stipulating the application of the Bankruptcy Law to credit institutions

Decree No. 42/2018/NĐ-CP will come into effect since July 1, 2018. 

By Thuy Dung