The National Assembly (NA) will consider the approval of the draft amended Land Law and the draft amended Law on Credit Institutions – the two extremely important bills – at its fifth extraordinary session scheduled to take place next week.

VOV.VN - The National Assembly will convene its fifth extraordinary session from January 15 to 18, according to the National Assembly Standing Committee.

The State Bank of Vietnam (SBV) has sent a document to credit institutions and branches of foreign banks and SBV in provinces and centrally-run cities regarding the reduction of interest rates.

The banking sector should take more drastic measures to restructure credit institutions in association with the settlement of bad debts to contribute to curbing inflation and stabilising macro-economic factors, according to insiders.

Credit institutions and foreign bank branches are now allowed to restructure the repayment terms to support clients struggling with production and business expenses.

The State Bank of Vietnam (SBV) has worked with credit institutions to get their opinions on the draft circular on restructuring the debt repayment term and keeping the debt groups unchanged to support borrowers who have difficulties in production and business activities.

VOV.VN - The State Bank of Vietnam (SBV) has requested that the Government issue a revised decree on foreign investors buying shares from Vietnamese credit institutions.

The State Bank of Vietnam (SBV) has proposed increasing the foreign ownership cap at some commercial banks from 30% to 49%.

VOV.VN - Prime Minister Pham Minh Chinh has signed a document requesting that relevant ministries, agencies, and localities remove obstacles to the real estate market which has been in limbo for months.

VOV.VN -Prime Minister Pham Minh Chinh underlined the importance of creating an open legal corridor in line with the country's conditions and circumstances, while chairing the Government’s monthly law-making session on March 27 in Hanoi.