Want to be in the loop?
subscribe to
our notification
Business News
NEW REGULATION ON REVOCATION OF CREDIT INSTITUTIONS’ LICENSE
The State Bank of Viet Nam has issued Circular No. 24/2017/TT-NHNN guiding the order and procedures for revocation of license and liquidation of assets of credit institutions and foreign bank’s branches.
The Circular also stipulates the order and procedures for revocation of license of representative office of foreign credit institutions and other foreign institutions having banking activities in Viet Nam.
Foreign credit organizations and foreign banks’ branches shall have to identify their ability to pay debts and other property obligations before and during the process of liquidation of assets, dissolution and revocation of license.
The State Bank of Viet Nam only accepts the dissolution when the credit organizations and branches of foreign banks are capable of paying off all debts and other property obligations.
In case the State Bank of Viet Nam detects that the foreign credit organizations and foreign banks’ branches fail to pay all their debts and other property obligations, it shall issue decision to end the liquidation process and then the Point 1e, Chapter VIII of the Law on Credit Institutions shall be applied.
The Circular will take effect since February 26, 2018.
Source: VGP
Related News
GARMENT / TEXTILE
GARMENT, TEXTILE INDUSTRY LOOKS TO AI, ROBOTS TO BOOST COMPETITIVENESS
The textile and garment industry is seeking to accelerate the adoption of artificial intelligence (AI), robotics and automation to improve productivity, meet increasingly stringent international standards and move towards higher value-added production. Đỗ Nam Bình, deputy director of the Industry Agency under the Ministry of Industry and Trade, said textiles and garments remained a strategic sector of the Vietnamese economy with significant contribution to export earnings, job creation and the country’s integration into global supply chains.
VIETNAM MONTHLY STATISTICAL DATA
INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN OCTOBER OF 2026
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
CHARITY / EXHIBITION / OTHER EVENTS
INVITATION | GLOBAL KNOWLEDGE - VIETNAMESE STORIES
The Organizing Committee is pleased to cordially invite you to attend the program “Global Knowledge – Vietnam Stories”, hosted by Thu Dau Mot University, in partnership with Global Vovinam Academy and Vietnam Leadership Institute. The program will feature a Partnership Announcement Ceremony and a Leadership Dialogue under the theme “Forging Vietnam's Next Leaders: Brighter Hearts. Stronger Wills. Deeper Minds."
MEMBER CORNER / PROMOTIONS
FLY TO HONG KONG WITH A USD40 OFFER FROM CATHAY PACIFIC
From familiar sights like the iconic ding ding trams to the breathtaking Victoria Harbour, think you’ve seen it all? Venture beyond the usual to uncover local neighbourhoods, an ever-evolving culinary scene, and vibrant festivals that define this Asia's World City. This November, experience the energy of one of the world’s most unique destinations with Cathay Pacific with promo code FLYTOHK40 for USD40 off on flights to Hong Kong.
GARMENT / TEXTILE
VIETNAM MANUFACTURING GROWTH EASES IN OCTOBER AS EXPORT ORDERS FALL
The S&P Global Vietnam Manufacturing Purchasing Managers' Index ticked up to 52.3 points in October from 51.9 points in September, pointing to a further modest monthly strengthening in the health of the sector at the start of the fourth quarter. Business conditions have now improved in 16 consecutive months. The overall improvement in operating conditions was limited by slower rises in output and new orders.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HUNG YEN BOOSTS INFRASTRUCTURE TO TAP COASTAL GROWTH POTENTIAL
Hung Yen is shaping its development space to connect the northern industrial and urban areas with the coastal economic zone. Under the provincial master plan for the 2021–2030 period, with a vision to 2050, as adjusted under Decision No.579/QD-UBND, the province has established a structure comprising three regions, two corridors, three longitudinal axes, and four horizontal axes.
Events Sponsors
