VietnameseDecree No. 93/2017/ND-CP dated August 07, 2017 of the Government on the financial regime applicable to credit institutions and foreign bank branches and financial supervision and assessment of efficiency of state capital investment at credit institutions with 100% state-owned charter capital and credit institutions with state capital
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Decree No. 93/2017/ND-CP dated August 07, 2017 of the Government on the financial regime applicable to credit institutions and foreign bank branches and financial supervision and assessment of efficiency of state capital investment at credit institutions with 100% state-owned charter capital and credit institutions with state capital
| Issuing body: | Government | Effective date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Official number: | 93/2017/ND-CP | Signer: | Nguyen Xuan Phuc |
| Type: | Decree | Expiry date: | Updating |
| Issuing date: | 07/08/2017 | Effect status: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Fields: | Finance - Banking |
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THE GOVERNMENT | THE SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness | |
No. 93/2017/ND-CP | Hanoi, August 7, 2017 |
DECREE
On the financial regime applicable to credit institutions and foreign bank branches and financial supervision and assessment of efficiency of state capital investment at credit institutions with 100% state-owned charter capital and credit institutions with state capital [1]
Pursuant to the June 19, 2015 Law on Organization of the Government;
Pursuant to the June 16, 2010 Law on Credit Institutions;
Pursuant to the November 26, 2014 Law on Enterprises;
Pursuant to the November 20, 2012 Law on Cooperatives;
Pursuant to the November 26, 2014 Law on Management and Use of State Capital Invested in Production and Business in Enterprises;
At the proposal of the Minister of Finance;
The Government promulgates the Decree on the financial regime applicable to credit institutions and foreign bank branches and financial supervision and assessment of efficiency of state capital investment at credit institutions with 100% state-owned charter capital and credit institutions with state capital.
Chapter I
GENERAL PROVISIONS
Article 1. Scope of regulation
This Decree prescribes:
1. The financial regime applicable to credit institutions and foreign bank branches.
2. The financial supervision and assessment of efficiency of state capital investment at credit institutions with 100% state-owned charter capital and credit institutions with state capital.
3. For credit institutions restructured under decisions of competent agencies, in case the law governing their restructuring has provisions different from those of this Decree, these credit institutions shall comply with the law governing their restructuring; for contents not prescribed in the law governing their restructuring, they shall comply with this Decree.
Article 2. Subjects of application
1. Credit institutions and foreign bank branches established, organized and operating in accordance with the Law on Credit Institutions, excluding policy banks.
2. Agencies representing the owner.
3. Finance agencies.
4. Other related organizations and individuals.
Article 3. Principles of financial management
1. Credit institutions and foreign bank branches may enjoy financial autonomy, take responsibility for their business operation and fulfill their obligations and commitments in accordance with law.
2. Credit institutions and foreign bank branches shall implement financial disclosure in accordance with the Law on Credit Institutions and other relevant laws.
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