Vietnam Law & Legal Forum Magazine is your gateway to the law of Vietnam

Official Gazette

Wednesday, September 26, 2018
Tags: repayment
Opening of FDI capital accounts in Vietnam Opening of FDI capital accounts in Vietnam
Foreign-invested enterprises are required to open a foreign-currency direct investment capital account at a licensed credit institution to conduct collection and payment transactions related to their direct investment activities in Vietnam.
Law on Public Debt Management Law on Public Debt Management
Coming into force from July this year, the 2017 Law on Public Debt Management (the Law) is expected to improve and tighten the management of public debts.
New rules on guarantees for housing projects New rules on guarantees for housing projects
On September 29, 2017, the State Bank of Vietnam enacted Circular 13/2017/TT-NHNN (effective as of November 15, 2017) amending a number of articles of Circular 07/2015/TT-NHNN on bank guarantees (Circular 07). The main changes brought about by the new text relate to guarantees for housing projects and are embedded in Article 12 of Circular 07.
New regulations on interest: a view from credit extension practice New regulations on interest: a view from credit extension practice
The State Bank of Vietnam (SBV) has recently issued some new regulations guiding lending activity of credit institutions and branches of foreign banks (credit institutions). These regulations have a significant effect on lending activity of credit institutions. Enacted to address the limitations of the precedent regulations, they also have some unclear points which might limit their effect. This article analyzes regulatory issues relevant to interests on loans of credit institutions.
National Assembly adopts key national policies National Assembly adopts key national policies
The National Assembly passed six laws that would influence national development in different fields, said NA Chairwoman Nguyen Thi Kim Ngan at the closing meeting of the NA’s fourth session that concluded on November 24 after 26 working days.
Financing projects in industrial parks: what risks for banks? Financing projects in industrial parks: what risks for banks?
It is common now in practice to finance projects implemented in industrial parks and/or to take security over real estate located in those industrial parks. However, since the legal framework on lease of land in industrial parks remains complicated and has its limitations, such financing may turn risky for credit institutions in certain circumstances and at certain stages. This article tries to point out some of those risks.
Tightened control over on-lent ODA and concessional loans for localities Tightened control over on-lent ODA and concessional loans for localities
The Prime Minister has recently requested local authorities to use foreign loans for development investment projects only, not for payment of local regular expenses, under Directive 37/CT-TTg.
Enforcement of security under the new resolution on dealing with bad debts Enforcement of security under the new resolution on dealing with bad debts
Resolution No. 42/2017/QH14 on trial dealing with non-performing loans of credit institutions was passed on June 21, 2017, by the National Assembly. It took effect on August 15, 2017, and remains in force for five years from that date. The resolution is a long-awaited text and expected to help credit institutions to better deal with their non-performing loans. A significant number of provisions of this text are about secured transactions which are at the heart of the process of recovery of bank loans for the time being. This article tries to give an overview of the text.
ASEAN capital transaction liberalization: impacts on investment activities in Vietnam ASEAN capital transaction liberalization: impacts on investment activities in Vietnam
This article analyzes two issues: (i) How far AEC has gone in the roadmap to achieve the purpose of capital transactions liberalization and (ii) impacts of the commitments within the AEC regarding capital transaction liberalization on Vietnam’s law on foreign exchange management and on investment activities.
Third-party security in the Civil Code Third-party security in the Civil Code
The 2015 Civil Code provides nine measures to secure the performance of civil obligations according to two approaches, namely law-prescribed security and agreement-based security, and security without property and security with property. Under either approach, the issue that attracts special attention from the parties to civil transactions is whether third-party security is recognized and what legal contents of this issue are. This article touches upon the issue in light of the Code.