The amended Law on Credit Institutions 2024 was approved by the National Assembly (NA) on January 18 and will take effect from July 1. At the “Revised Law on Credit Institutions: Effective Resource Allocation” discussions organized by Tap chi Kinh te Viet Nam / VnEconomy on February 3, experts and market participants said they believe that the associated new regulations will have a positive impact on preventing risks from credit concentration and limit cross-ownership and bank manipulation. However, in order for the regulations to be effective in practice, it is necessary to further strengthen the supervisory role of independent members of Boards of Directors and Supervisory Boards.