STRIVE TO THE END OF 2020, TO INCREASE CHARTER CAPITAL FOR THE AGRIBANK
On January 01, 2020, the Government issues the Resolution No. 01/NQ-CP on major tasks and solutions guiding the realization of the Socio-economic development Plan and State budget estimates for 2020.
Accordingly, by the end of 2020; commercial banks meeting minimum capital requirements under the Basel I; commercial banks in which the State holds at least 50% of charter capital and the Viet Nam Bank for Agriculture and Rural Development (hereinafter referred to as the AgriBank) shall be timely increased charter capital. To achieve the above goals, the Government requires Ministries, agencies and branches to intensify inspection, examination and monitoring, especially in high risk areas; to regulatory sandbox for fintech activities…
In addition, the Government also requires relevant agencies to continue drastic reforms and develop an independent and self-reliant economy; complete and make public values of more than 90 State-owned enterprises planned to be equitized; withdraw capital from more than 100 enterprises as planned. On the other hand, to focus on removing obstacles, improving business environment and increase global competitiveness index by 10 places; make public a white book on enterprises.
