THE PRIME MINISTER OF GOVERNMENT
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 112/2006/QD-TTg
Hanoi, May 24, 2006
 
DECISION
APPROVING THE SCHEME ON DEVELOPMENT OF VIETNAM'S BANKING SECTOR UP TO 2010 AND ORIENTATIONS TOWARD 2020
THE PRIME MINISTER
Pursuant to the December 25, 2001 Law on Organization of the Government;
On the basis of the Communist Party of Vietnam Central Committee's notice No. 191-TB/TW of September 1, 2005, on the objectives of and solutions to development of Vietnam's banking sector up to 2010, and orientations toward 2020;
At the proposal of the Governor of the State Bank of Vietnam in Report No. 49/TTr-NHNN of February 9, 2006,
 
DECIDES:
Article 1.- To approve the Scheme on development of Vietnam's banking sector up to 2010 and orientations toward 2020, enclosed with this Decision.
Article 2.- The State Bank of Vietnam shall assume the prime responsibility for, and coordinate with the Ministry of Finance, the Ministry of Planning and Investment, concerned ministries and branches, provincial/municipal People's Committees and credit institutions in, organizing the implementation of projects and schemes for achieving the objectives, orientations and solutions for development of Vietnam's banking sector enclosed with this Decision; guiding, inspecting, supervising and summing up the implementation every year for reporting to the Prime Minister; and organizing a preliminary review of the implementation by 2007 and a final review by 2010.
To assign the State Bank of Vietnam to assume the prime responsibility for, and coordinate with ministries and branches in, organizing the study and elaboration of the following important projects and schemes:
1. The Bill on the State Bank of Vietnam (new) to replace the 1997 Law on the State Bank of Vietnam and the 2003 Law Amending and Supplementing a Number of Articles of the Law on the State Bank of Vietnam (to be submitted to the National Assembly in 2008).
2. The Bill on Credit Institutions (new) to replace the 1997 Law on Credit Institutions and the 2004 Law Amending and Supplementing a Number of Articles of the Law on Credit Institutions (to be submitted to the National Assembly in 2008).
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