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Vietnam is actively considering issuing regulations on cryptocurrency management to ensure financial security and protect investors’ rights. Although cryptocurrencies have not been officially recognized, their increasing popularity has created an urgent need for a clear legal framework. The Current State of Cryptocurrency Usage in Vietnam According to data from cryptocurrency payment company Triple A, as…
01
Dec
Dec
On November 1, 2024, the State Bank of Vietnam (SBV) issued Decision No. 2411/QD-NHNN, establishing the maximum interest rates applicable to Vietnam-dong (VND) deposits of organizations and individuals at credit institutions and foreign bank branches. These regulations, implemented under Circular No. 48/2024/TT-NHNN, aim to regulate interest rates and ensure stability in the financial market. The…
26
Nov
Nov
The State Bank of Vietnam (SBV) has recently released a draft circular outlining key principles for mergers and consolidations involving credit institutions. The proposed framework aims to ensure compliance, transparency, and stability throughout the merger and consolidation process, safeguarding the rights of stakeholders while adhering to the relevant laws. Five Key Principles for Mergers and…
30
Nov
Nov
The Government of Vietnam has announced a significant structural reorganization of the State Bank of Vietnam (SBV), effective from January 5, 2025. Among the key developments, the newly established Department of Anti-Money Laundering will officially begin operations as an independent unit under the SBV. This change is part of Government Decree 146, issued on November…
12
Oct
Oct
On September 30, 2024, the State Bank of Vietnam (SBV) issued Circular 46/2024/TT-NHNN, introducing new regulations on USD deposit interest rates applicable to organizations and individuals at credit institutions and foreign bank branches. This circular is set to take effect on November 20, 2024, and brings notable changes to the way USD deposit interest rates…
08
Oct
Oct
The Third Party Funding (TPF) regime in commercial arbitration is becoming an important and increasingly relevant factor in the global commercial dispute resolution arena. TPF allows a disputing party to receive funding from a third party, who is not directly involved in the dispute, to cover legal expenses and other arbitration-related costs. This provides an…
29
Jul
Jul
The U.S. Department of the Treasury has officially declared that Vietnam “does not manipulate currency” in its recent report, marking a significant development in the economic relationship between the two nations. This announcement came in the June edition of the “Macroeconomic and Foreign Exchange Policies of Major U.S. Trading Partners” report, where the department commended…
20
Jul
Jul
As Vietnam integrates more deeply with the global economy, Initial Public Offerings (IPOs) have become an important trend for companies seeking to raise capital, expand their scale, and enhance their market position. The IPO process requires strict compliance with legal regulations and professional support from consulting experts. Therefore, the role of lawyers in the IPO…
19
Jun
Jun
Vietnam has made a significant regulatory advancement by defining electronic money (e-money) for the first time under Decree 52, which will take effect on July 1, 2024. This decree provides a comprehensive framework for e-money, differentiating it clearly from virtual currencies, which are excluded from its scope as they remain unregulated by the country’s financial…
05
Sep
Sep
In a court dispute, the party, its legal representative, or the entity or individual initiating the case (referred to as “The Party” or “The Claimant”) has the right to request the court to apply one or more emergency temporary measures, including freezing accounts at banks, credit institutions, or state treasuries; freezing assets held elsewhere (“Account…
