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BANKING AND FINANCE | VCI-Legal

BANKING AND FINANCE

On 31 March 2021, the State Bank of Vietnam (“SBV”) issued Circular No. 02/2021/TT-NHNN guiding foreign currency transactions on the foreign currency market by credit institutions (“CIs”) licensed to conduct foreign exchange operations (“Circular 02”).
On April 2, 2021, the State Bank of Vietnam (“SBV”) issued Circular 03/2021/TT-NHNN amending and supplementing Circular 01/2020/TT-NHNN on credit institutions (“CIs”) and foreign bank branches (“FBBs”)
Recently, several international banks such as Citibank and ANZ have decided to withdraw their retail banking business from Vietnam and some other regional markets in Asia
On 31 December 2020, the Government issued Decree No. 153/2020/ND-CP regulating private placement and trading of corporate bonds in domestic and foreign markets (“Decree 153”). Decree 153 took effect from 1 January 2021
In November 2019, the government issued Decree No. 87/2019/ND-CP dated November 14, 2019 amending a number of articles of Decree No. 116/2013/ND-CP (“Decree 87”),
On 9 July 2020, the Vietnamese Government issued Decree 81/2020/ND-CP (“Decree 81”) on amendments to the Government’s previous Decree 163/2018/ND-CP (“Decree 163”) dated 4 December 2018 on the issuance of corporate bonds.
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