Legal Updates

On October 11, 2021, the State Bank of Vietnam announced the Draft amending and supplementing a number of articles of Circular 09/2015/TT-NHNN (“Circular 09“) on debt purchase and sale of financial institutions and foreign bank branches. This article includes a few prominent new regulations as follows: 1. Clearly define the scope of application for non-performing […]

Circular 03/2016/TT-NHNN dated February 26, 2016, providing several instructions on foreign exchange management for enterprise’s foreign borrowing and foreign debt repayment (hereinafter referred to as “Circular 03”) has been promulgated for 5 years. With the current trend of international integration, foreign borrowing and foreign debt repayment activities are growing strongly, reflected in the increasing scale […]

Advertising is the employment of various means to present the public with profitable products, goods and services; non-profitable products and services; organizations and individuals trading and providing the presented products, goods and services, except for news, social policies, and personal information. In recent years, advertising services have been a field of interest to foreign investors, […]

Interest-rate derivative products have appeared in Vietnam since 2015 as a financial instrument used to hedge and limit risks from interest-rates fluctuation in the underlying market. However, at present, the Vietnamese authority has only granted permission to 7 commercial banks, namely Lienvietpostbank, BIDV, ABbank, HDbank, Vietcombank, Techcombank and Viettinbank, which are eligible to provide interest-rate […]