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Foreign exchange control on issuance of non-government guaranteed international bonds

Vietnam - December 30 2011 On 24 August 2011 the State Bank of Vietnam (SBV) issued Circular No. 19/2011/TT-NHNN (Circular 19) guiding foreign currency control applicable to issuance of international corporate bonds without government guarantees.

Cuong Manh Nguyen.

Licence revocation and asset liquidation procedures issued for banks

Vietnam - December 28 2011 On 28 October 2011, the State Bank of Vietnam (SBV) issued Circular No. 34/2011/TT-NHNN ("Circular 34") guiding the sequence and procedures for (i) revocation of licences and liquidation of assets of credit institutions and foreign bank branches and (ii) revocation of licences of representative offices of foreign credit institutions and other foreign organisations with banking operations.

Cuong Manh Nguyen.

Decree on State investment and export credit

Vietnam - December 20 2011 On 30 August 2011, the Vietnamese Government issued Decree No. 75/2011/ND-CP (Decree 75) on State investment and export credit.

Cuong Manh Nguyen.

Circular clarifying financial aspects of BOT projects

Vietnam - December 15 2011 On 17 November 2011, the Ministry of Finance issued Circular No. 166/2011/TT-BTC (Circular 166) to guide the implementation of some articles of Decree No. 108/2009/ND-CP dated 27 November 2009 on investment on the basis of BOT (Build-Operate-Transfer) contracts, BTO (Build-Transfer-Operate) contracts and BT (Build-Transfer) contracts (Decree 108).

Kevin B. Hawkins.

Decree on issuance of corporate bonds

Vietnam - December 1 2011 On 14 October 2011, the Vietnamese Government issued Decree No. 90/2011/ND-CP on issuance of corporate bonds.

Cuong Manh Nguyen.