On the morning of June 27, with 435/443 delegates participating in the vote, the National Assembly passed the Law amending and supplementing a number of articles of the Law on Credit Institutions (CIs). The law takes effect from October 15, 2025.
Presenting the report on receiving and explaining the draft law, the Governor of the State Bank of Vietnam (SBV) said that the National Assembly Standing Committee approved the decentralization of the authority to decide on special lending for loans with 0 interest rates and loans without collateral from the Prime Minister to the State Bank of Vietnam.
At the same time, it is recommended that the Government continue to improve regulations on special lending interest rates based on the opinions of competent authorities, ensuring consistency with practice and monetary policy management mechanisms.
Regarding this content, the law was passed stipulating: "The State Bank decides to provide special loans with collateral, not collateral for credit institutions in the cases specified in Clause 1, Article 192 of this Law.
The collateral for a special loan from the SBV according to the regulations of the SBV Governor. The special lending interest rate of the SBV is 0%/year".
The Law amending and supplementing a number of articles of the Law on TCTDs, which was just passed this morning, officially legalizes the right to confiscate TCTDs' electronic records.
The law only stipulates the participation of the People's Committee at the commune level and the police at the commune level in the process of confiscating the search and rescue.
Therefore, it is basically consistent with the orientation on arranging and reorganizing administrative units at all levels and building a 2-level local government model.
In addition, to ensure that the procedures for confiscating Border Guard Data are carried out strictly to both remove obstacles and minimize possible impacts, the Government proposed to revise the draft Law in the direction of adding a provision that "The confiscated Border Guard Data must meet the conditions prescribed by the Government".
According to the Law on Credit institutions (amended), credit institutions that buy, sell and process debts have the right to confiscate bad debt. This is only done when the credit institution has a pre-agreement with the borrower.
The confiscated assets are not disputed assets in the case that have been accepted but have not been resolved or are being resolved in court.
To avoid abusing the right to confiscate these assets, the law stipulates that during the implementation process, credit institutions are not allowed to apply measures that violate the prohibition of the law, which is against social ethics. The Border Guard must meet the conditions prescribed by the Government.
The SBV will work with relevant agencies to study the conditions for the TSBD of bad debts that TCTD is allowed to collect, in order to concretize the private economic development policy according to Resolution 68.
