Banking and Finance

Question: Dear sirs, warm greetings! I am helping my friends (individual fintech investors) to setup a legal entity in Vietnam. The business is about online microlending. Something similar to Cashwagon and Tima.vn. I couldn't find enough details about such type of activity in SBV's knowledge base or elsewhere. Do you have...

SBLAW would like to update the new policy regarding to Payment Intermediary Service in Vietnam as follow: + Up to now, there are 25 enterprises granted License for providing Intermediate Payment Service. However, after conducting a comprehensive survey, SBV found that not many of them can totally rely on Intermediate Payment...

Question: Dear Attorney. May I have a question as follows: May foreign investor(s) establish an investment fund in Vietnam? If yes, (i) what is the possible form of that foreign invested fund, and (ii) what is the procedure to establish this fund? Answer: SB Law appreciate your interest in our...

Client: I'm managing an insurance brokerage LLC based in London. I'm advising expatriates with their international health insurance. My clients are expatriates based anywhere in the world and I am paid by commission directly from the insurance companies on my England business account so I don't have money flow outside...

Question:  We are essentially looking to enter Vietnam to offer retail banking services. We haven't yet decided on the entry mode and are open to all possible options ranging from 100% foreign owned bank, joint-venture bank or a foreign bank branch. We are not really sure on pros and...

Generally, all foreign investors with established presences in Vietnam will need to open a bank account in order to conduct their business in Vietnam.

SBLaw will support Client in drafting the Loan Contract which will be signed between a Vietnamese individual or the Company and a foreign individual with the object of this contract is foreign currency.

Decree No. 89/2016/ND-CP on requirements applicable to business entities acting as currency exchange agents or providing foreign currency receipt and payment services is issued by the Government on July 01, 2015. Accordingly,  a  business  entity  is  entitled  to  act  as  a currency exchange agent only after it is issued with...

Client: I am a representative of the company based in UK. We would like to establish a CJSC in Vietnam with 2 shareholders: one is a person, second is Russian Bank. So my question is if the Bank owner must come to Vietnam in person or he can just...

On December 28, 2018, the State Bank of Vietnam issues the Circular No. 44/2018/TT-NHNN on amendments and supplements to certain articles of the Circular No. 36/2012/TT-NHNN dated December 28, 2012 of State Bank’s Governor prescribing installation, management, operation and maintenance of safety for operations of automated teller machines. - Within...