Decision 07/2013/QD-TTg of the Prime Minister on the financial regime of the State Bank of Vietnam
The new legal capital of the State Bank of Vietnam (SBV) will be 10,000 billion VND, increased by 5,000 billion VND.
Annually, the SBV may deduct 20% of their revenues and expenditures to fund the implementation of national currencies policy, increased by 10% compared to the previous regulation, the real balance of this fund may not exceed 1 time the legal capital.
At the same time the SBV will deduct 10% of their revenues and expenditures to establish a reserve fund, the maximum balance of the fund does not exceed 25% of the legal capital.
Besides, the SBV must be responsible for full, accurate and timely accounting the revenue and expenditure in accordance with the law.
Decision takes effect from March 15th 2013.
Foreign companies doing business in Vietnam increasingly use arbitration to resolve commercial disputes outside the…
Many businesses today do sell only products. They may also include digital content, app access,…
For a long time, many businesses have thought that the main legal challenge in multi…
Vietnam has issued Decree 137/2026 on multi level marketing, effective from July 1, 2026. This…
Foreign companies often believe they have a strong case against a Vietnamese counter-party. Yet they…
Quick Reference to Buy Property in Vietnam Foreign individuals permitted to enter Vietnam may buy…
This website uses cookies.