Legal framework for bank sector restructuring improved

by VTV428 October 2015 Last updated at 15:26 PM

VTV.vn - The Vietnam National Assembly's Institute of Legislative Studies held the seminar on improving the legal framework for banking system restructuring on 27 October.

The State Bank of Vietnam’s taking over of three failing banks was the main issue discussed by legal experts at the event. 

The implementation of bank restructuring requires the banking system to control inflation, reduce interest rates, re-establish discipline, stabilise the gold market and maintain stable exchange rates. And these moves help to strengthen trust among both domestic and foreign customers towards Vietnam’s banking system.

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