Banking

Prudential limits

On 31 July 2018, the State Bank of Vietnam issued Circular No. 16/2018/TT-NHNN amending and supplementing Circular 36/2014/TTNHNN providing prudential ratios and limits for operations of credit institutions and branches of foreign banks with the following key points:

• Minimum safety ratios and limits in banking operations can be calculated based on exchange rates used for converting foreign currencies into VND and USD.

• Banks and branches of foreign banks must ensure that the maximum ratio of short term capital used for medium term and longterm lending is not in excess of 45% in 2018 and 40% in 2019. For nonbank credit institutions, such ratio must not exceed 90%.

Circular 16 took immediate effect on 31 July 2018.

Education

Standards for principals

Circular No. 14/2018/TT-BGDDT was issued on 20 July 2018 providing standards for general education school principals (“Circular 14”). Under Circular 14 a prospective principal must meet professional quality and capability requirements to lead and administer a school, including:

• Standard 1: Professional qualities

• Standard 2: School administration

• Standard 3: Building of the educational environment

• Standard 4: Development of the  relationship between the school, family and society

• Standard 5: Foreign language and information technology usage

Assessment of prospective principals is based on each standard.

Circular 14 takes effect from 04 September 2018.

For more information, click ATT00047


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