Accordingly, in order to implement credit management measures in 2012 set in Resolution No. 01/NQ-CP of the Government dated January 3, 2012 and Instruction No. 01/CT-NHNN of the SBV Governor dated February 13, 2012, the SBV requires credit institutions and foreign bank branches to implement following substances:

(1) To formulate plan and strictly control credit growth in the whole year of 2012 (including exchange rate adjustment factor) on the base of credit growth target announced by the SBV to each credit institutions; the total credit outstanding includes the  credit outstanding in line with Item 14 of Article 4 of Law on Credit institutions and Circular No. 21/2010/TT-NHNN dated August 10, 2010; corporate bond purchasing balance (excluding bonds issued by credit institutions); loan oustanding through entrusted funds from other non- credit institutions.To sent report on several business targets (attached to the Document) in 2012 to the SBV Monetary Policy Department before February 29, 2012.

Base on credit growth plan in 2012, credit institutions develop and implement credit growth for every quarter; assigning credit growth plan for each quarter and the whole year of 2012 to their branches (transaction offices), while sending it to the SBV municipal and provincial branches in their branches locations for credit management.

(2) To control credit activities in discouraged fields in accordance with Point 4.2 of Instruction No.01/CT-NHNN. In particular:Credit institutions (excluding finance companies with license in credit consumption field) control maximum loan outstanding proportion of 16% for discouraged fields in comparison with total loan outstanding in the whole year of 2012.