The Governor of the State Bank of Vietnam (SBV) has just signed the Decision No. 2401/QD-NHNN to approve the “Financial - Banking Loan III, Sub-programme 2” funded by the Asian Development Bank (ADB). The project will be implemented from 2011 to 2013.
The general objectives of the US$60 million loan are to continue previous successes related to banking and nonbanking sectors, and focus primarily on capital market liquidity; institutional framework and financial stability; consumer protection and financial stability; and regional cooperation and human resource development.
The loan will support the Government of Vietnam to reform four basic fields: Enhancing the liquidity of capital market; Strengthen institutions to support securities issuances and improving public debt management; Boosting financial stability and protecting the interests of investors; and Enhancing regional cooperation and human resource development.
SBV is the borrower of the ADB credit. The Ministry of Finance (related departments, the State Securities Commission, and the Hanoi Stock Exchange), the Vietnam Securities Depository Centre and other bodies will carry out the project. The central bank is responsible for implementing the master programme, including managing and disbursing the loan, maintaining the account and make six-month reports.
The general objectives of the US$60 million loan are to continue previous successes related to banking and nonbanking sectors, and focus primarily on capital market liquidity; institutional framework and financial stability; consumer protection and financial stability; and regional cooperation and human resource development.
The loan will support the Government of Vietnam to reform four basic fields: Enhancing the liquidity of capital market; Strengthen institutions to support securities issuances and improving public debt management; Boosting financial stability and protecting the interests of investors; and Enhancing regional cooperation and human resource development.
SBV is the borrower of the ADB credit. The Ministry of Finance (related departments, the State Securities Commission, and the Hanoi Stock Exchange), the Vietnam Securities Depository Centre and other bodies will carry out the project. The central bank is responsible for implementing the master programme, including managing and disbursing the loan, maintaining the account and make six-month reports.
No comments:
Post a Comment