Page 97 - môc lôc

a) Definition
Credit outstanding is the total outstanding at a given time of credits
granted by credit institutions, foreign banks’ branches to Vietnamese legal
entities and individuals that are residents of Viet Nam in non-financial
institution sector, household institution sector, non-profit institutions sector
serving households, financial institutions that are not credit institutions such
as Deposit Insurance of Viet Nam; Viet Nam Social Insurance; Investment
and development funds of centrally-managed provinces and cities; insurance
companies; Credit guarantee fund for small and medium enterprises;
organizations other than credit institutions providing payment services,
securities companies; securities investment fund management companies, etc.
in the form of: Lending, discount, rediscount negotiable instruments and other
valuable papers; financial leasing; factoring; payments on behalf of customers
in cases guaranteed customers fail to fulfill their obligations when the
payment is due; credit card issuance; purchase and investment in corporate
bonds (excluding VAMC bonds); and other credit granting operations are
approved by the State Bank of Viet Nam.
- Short-term credits are credits granted with a maximum term of 01
(one) year.
- Medium-term credits are credits with a term of over 1 (one) year and
a maximum of 05 (five) years.

- Long-term credits are credits granted with a term of more than 05
(five) years.
b) Calculation

Balance of credits granted at the last working day of the reporting period
of credit institutions, foreign banks' branches to legal entities, individuals being
residents of Vietnam in non-financial institution sector, household institution
sector, non-profit institution sector serving households by currency (VND,
foreign currency), by term (short, medium and long term).

INSURANCE
Social insurance refers a guarantee to replace or partially compensate
employees' income when his/her income is reduced or lost due to illness,
maternity, work accident, occupational disease, or end of working age or
death, on the basis of contributions to the social insurance fund.
Compulsory social insurance refers to a type of state-run social insurance
in which the participation of employees and employers is compulsory.

101