What is the definition of "Re-financing"? What are the forms of re-financing in Vietnam?

What is the definition of "Re-financing"?

Pursuant to Clause 1, Article 11 of the Law on State Bank of Vietnam in 2010 stipulating the definition of "Re-financing" as follows:

Re-financing means a form of extending credits by the State Bank, aiming to provide short-term capital and payment instruments for credit institutions.

What are the forms of re-financing in Vietnam?

Pursuant to Clause 2, Article 11 of the Law on State Bank of Vietnam in 2010 stipulating as follows:

The State Bank shall provide for and effect the re-financing to credit institutions in the following forms:

- Granting loans secured by the pledge of valuable papers;

- Discounting valuable papers;

- Other forms.

Which entity has power to decide on the use of tools for the implementation of re-financing in Vietnam?

Pursuant to Article 10 of the Law on State Bank of Vietnam in 2010 stipulating as follows:

The Governor of the Stale Bank shall decide on the use of tools for the implementation of the national monetary policy, including re-financing, interest rates, exchange rates, reserve requirements, open-market operations and other tools and measures as prescribed by the Government.

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