Latest news and law update
Vietcombank to sell 3 percent stake to foreign investors
Vietcombank, Vietnam’s largest bank by market cap, has received permission from the securities watchdog to sell a 3 percent stake to foreign investors. The green light from the State Securities Commission (SSC) will allow the lender to make [...]
Five cases when assets of foreign bank branches are frozen
The State Bank of Vietnam (SBV) recently issued Circular 27/2018/TT-NHNN to specify cases of freezing capital and assets of foreign bank branches, aiming to protect interests of these branches’ clients and prevent them from illegally transferring their assets [...]
SBV intends to ease exporters’ access to foreign-currency loans
Exporters would no longer be subject to restrictions on borrowing of foreign-currency loans, while importers would face harder conditions if wishing to do so. This is a surprise change proposed by the State Bank of Vietnam (SBV) in [...]
Amendments to ordinances on articles of 37 laws announced
The President’s Office, on January 2019, announced an ordinance on amendments and supplements to several articles of four ordinances relating to planning. At a press conference yesterday, vice chairman of the President’s Office Chu Xuân Yêm announced the [...]
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