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Legal Update

2010 Law on Credit Institutions

13 August 2010
Mayer Brown Legal Update
The 12th National Assembly of Vietnam (“NA”) passed the new Law on Credit Institutions at its seventh session on 16 June 2010 (“2010 Law on Credit Institutions” or “New Law”). The 2010 Law on Credit Institutions aims at ensuring safe and effective operation of the nation’s banking system.
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