From RT July 23, 2014 After the major headline hogging BRICS summit, the next...
Decree No. 165/2007/ND-CP amending Decree No. 28/2005/ND-CP on the organization and operation of microfinance institutions in Vietnam
(enacted in 2007)
Decree No. 165/2007/ND-CP amends, supplements and partially annuls Decree No. 28/2005/ND-CP on the organization and operation of microfinance institutions in Vietnam.
This decree include changes to the following:
- Definitions of microfinance clients, microfinance services, compulsory savings, and voluntary savings;
- Minimum capital requirements;
- Legal form;
- Governance and ownership;
- Disclosure requirements;
- Limits on credit and savings mobilization;
- Accounting; and
- Transitional provisions.
Decree No. 28/2005/ND-CP can be found under “Related Laws/Regulations,” while SBV Circular No. 07-2009-TT-NHNN which also amends the decree can be found under “Related Amendments.”