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EP Legal newsletter - March 2013

  • EPLegal
  • -
  • Vietnam
  • -
  • March 29 2013

Commercial housing projects, investment projects on urban development not yet executed or have the execution of construction started but apartment

Foreign share ownership in Vietnamese banks

  • Clifford Chance LLP
  • -
  • Vietnam
  • -
  • March 14 2013

On 26 February 2013, the State Bank of Vietnam (“SBV”) released an updated Draft decree and draft circular on foreign investors acquiring shares in

3 Circular No. 2122012TT-BTC on establishment, organization and operation of fund management companies (FMC)

  • EPLegal
  • -
  • Vietnam
  • -
  • February 22 2013

The Circular sets out conditions on shareholdersmembers of an FMC. Notably, an FMC must have at least one shareholdermember being a commercial bank

Circular 052013TT-BTC guiding the financial regime applied to credit institutions and branches of foreign banks

  • EPLegal
  • -
  • Vietnam
  • -
  • February 22 2013

Credit institutions and branches of foreign banks have to ensure that the residual value of fixed assets does not exceed 50 of the charter capital

Circular No.322012TT-NHNN on the maximum rates of interest on the deposits in VND of organizations and individuals in credit institutions and branches of foreign banks

  • EPLegal
  • -
  • Vietnam
  • -
  • January 25 2013

The maximum rate of interest on demand deposits and term deposits shorter than 1 month is 2 per year. The maximum rate of interest on term deposits

Circular No. 2112012TT-BTC guiding the implementation of a number of articles in the Decree No. 902011ND-CP on issuance of corporate bonds

  • EPLegal
  • -
  • Vietnam
  • -
  • January 25 2013

Enterprises must ensure to publicize conditions, terms of bonds to be issued as prescribed at issuance market. Conditions and terms of bonds to be

Circular no. 332012TT-NHNN on the maximum rates of interest on short-term loans in VND imposed by credit institutions and branches of foreign banks on their borrowers in order to satisfy the demand for capital serving some economic sectors and disciplin

  • EPLegal
  • -
  • Vietnam
  • -
  • January 25 2013

The maximum rate of interest on short-term loans in VND is 12 per year; people's credit funds and microfinance institutions may impose the maximum

Circular No. 372012TT-NHNN stipulating on provision of foreign currency loans of the credit institutions and branches of foreign banks with customers being residents

  • EPLegal
  • -
  • Vietnam
  • -
  • January 25 2013

Credit institutions, branches of foreign banks may consider deciding provision of foreign currency loans for demands of capital loan as follows:

Banks’ denial of guarantee letters validity when what you keep is not like what you thought

  • EPLegal
  • -
  • Vietnam
  • -
  • January 25 2013

In nowadays business and commercial activities, when it comes to high-value transactions in which the obligator's financial capacity is not well

Taking security in Vietnam

  • Hogan Lovells
  • -
  • Vietnam
  • -
  • November 29 2012

This note provides a preliminary overview of the types of security available under Vietnamese law

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