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Profile
brief:
The Ordinance on the State Bank of Vietnam and ordinance on banking, credit co-operatives and finance companies, were enacted, thereby officially changing the operation mechanism of the banking system of Vietnam from one-tier to two – tier system, in which the SBV implements the state management of currency trading and banking, and implements the task of a central bank; The tier of commercial banks and credit institutions conduct currency trading, credit, payment, foreign exchange and banking services in line with law. | |
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