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Legal capital levels of credit institutions

Mayer Brown LLP
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Vietnam
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February 8 2011

On 26 January 2011, the Vietnamese Government issued Decree No. 02011ND-CP amending and supplementing some articles of Decree No. 1412006ND-CP dated 22 January 2006 issuing the list of legal capital levels of credit institutions (Decree 10

Treatment of breaches of specialised foreign currency deposit account regulation

Mayer Brown LLP
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Vietnam
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December 24 2010

On 1 December 2010 the State Bank of Vietnam (SBV) issued Official Letter No. 9374NHNN-QLNH (Letter) to reply to two questions raised by SBV's Long An Province Branch (Long An Branch

Draft circular on bank listings

Mayer Brown LLP
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Vietnam
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November 8 2010

The State Bank of Vietnam (SBV) has released for public consultation a draft circular guiding a joint stock credit institution (Credit Institution) on registration for listing of shares on a domestic or foreign stock exchange (Draft Circular

Credit institutions advised to be careful with loans offered by certain foreign partners

Mayer Brown LLP
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Vietnam
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November 5 2010

On 13 October 2010 the State Bank of Vietnam (SBV) issued Official Letter No. 7824NHNN-TD to warn against dubious loans offered by certain foreign partners (Letter

State Bank of Vietnam's guidelines on credit information operations

Mayer Brown LLP
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Vietnam
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July 27 2010

The Governor of the State Bank of Vietnam (SBV) issued Circular No. 162010TT-NHNN on 29 June 2010 (Circular 16) to provide guidelines on the implementation of Decree No. 102010ND-CP of the Government dated 12 February 2010 (Decree 10) on credit information operations

New circular on merger, consolidation and acquisition by credit institutions

Mayer Brown LLP
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Vietnam
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April 22 2010

On 11 February 2010, the State Bank of Vietnam (“SBV”) issued Circular No. 042010TT-NHNN regulating merger, consolidation and acquisition of credit institutions (“Circular 04”

Circular allowing credit institutions to lend at interest rates negotiated with clients

Mayer Brown LLP
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Vietnam
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April 16 2010

On 14 April 2010 the State Bank of Vietnam ("SBV") issued Circular No. 122010TT-NHNN allowing commercial banks to apply negotiable interest rates on short-term loans ("Circular 12"

Vietnam allows banks more time to close offshore gold accounts

Mayer Brown LLP
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Vietnam
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April 9 2010

On 26 March 2010 the State Bank of Vietnam ("SBV") issued Circular No. 102010TT-NHNN amending Articles 2.2 and 2.3 of Circular No. 012010TT-NHNN dated 6 January 2010 ("Circular 01") which repealed Decision No. 032006QD-NHNN dated 18 January 2006 on gold trading on offshore accounts ("Decision 03") and Decision No. 112007QD-NHNN dated 15 March 2007 ("Decision 11"

Decree 10 on credit information operations

Mayer Brown LLP
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Vietnam
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March 19 2010

On 12 February 2010 the Vietnamese Government issued Decree 102010ND-CP on credit information operations ("Decree 10"

Circular expanding scope of lending in foreign currency by credit institutions

Mayer Brown LLP
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Vietnam
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December 31 2009

On 15 December 2009, the Governor of the State Bank of Vietnam released Circular No. 252009TT-NHNN ("Circular 25") with immediate effect, adding to Article 1 of Decision No. 092008QD-NHNN dated 10 April 2008 on lending in foreign currency by credit institutions to borrowers being residents ("Decision 09"