“With the development of Fintech companies, the State Bank and a number of related organizations, like many regulatory agencies around the world, are facing new issues in State management” That is the central point of the State Bank of Vietnam’s (SBV) evaluation of the presence and growth of financial technology (Fintech) operations in Vietnam in…
(VIR.COM.VN). A recent draft decree from the State Bank of Vietnam raised eyebrows with its contents on ownership ratios for overseas groups when it comes to payment intermediary services. Lawyer Pham Duy Khuong, managing director of Vietnam Law Firm ASL LAW, writes about whether or not the foreign ownership limit should indeed be restricted for…