Circular No. 09/2012/TT-NHNN dated April 10, 2012 of the State Bank of Vietnam regulating the use of payment facilities for loan capital disbursement of credit institutions, branches of foreign banks
Article 1. Scope of adjustment and subjects of application
1. This Circular regulates the use of payment facilities for loan capital disbursement of the credit institutions, branches of foreign banks to the customers, contributing to step up the non-cash payment and monitoring the use of loan capital of the customers under purpose agreed in credit contract.
2. Subjects for application:
a) Credit institutions, branches of foreign banks make lending activities prescribed by the State of Vietnam and relevant regulations of the law.
b) Customers get loan capital at credit institutions, branches of foreign banks
c) Organizations and individuals relating to the use of payment facilities to disburse loan capital...
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