Law No. 20/2004/QH11 dated June 24, 2004 of the National Assembly amending and supplementing a number of Articles of the Law on credit institutions

THE NATIONAL ASSEMBLY --------------	SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom – Happiness --------------
No: 20/2004/QH11	Hanoi, June 15, 2004

LAW

AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF THE LAW ON CREDIT INSTITUTIONS

Pursuant to the 1992 Constitution of the Socialist Republic of Vietnam, which was amended and supplemented under Resolution No. 51/2001/QH10 of December 25, 2001 of the X^th National Assembly, the 10^th session,

This Law amends and supplements a number of articles of the Law on Credit Institutions, which was passed on December 12, 1997 by the National Assembly of the Socialist Republic of Vietnam.

Article 1.- To amend and supplement a number of articles of the Law on Credit Institutions:

1. Article 4 is amended and supplemented as follows:

"Article 4.- The State's policies on building up credit institutions of different types

1. To uniformly manage all banking activities, to build a system of modern credit institutions capable of meeting the economy's and population's demands for capital and banking services, and to contribute to implementing the national monetary policies, ensuring the safety of the system of credit institutions and protecting the legitimate interests of money depositors.

2. To invest capital and other resources in the development of State-run credit institutions, thus creating conditions for these institutions to play a leading and key role in the monetary market.