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Legal Update

Decree on Provision and Management of Government Guarantees

30 March 2011
Mayer Brown Legal Update
On 16 February 2011, the Vietnamese Government issued Decree No. 15/2011/ND-CP on provision and management of Government guarantees (Decree 15). The Ministry of Finance (MOF) will provide Government guarantees in accordance with a decision of the Prime Minister (PM) on each loan or bonds issue tranche and within the approved quota on foreign loans and Government guarantees.
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