Significant Amendments Of Circular 39 On Lending Activities In Vietnam

Please download the pdf version here.

On 28 June 2023, the State Bank of Vietnam (SBV) issued Circular 6 (Circular 6/2023) to amend Circular 39/2016 on lending activities of credit institutions (CIs) and foreign bank branches (FBBs). Circular 6/2023 will take effect from 1 September 2023.

Circular 6/2023 introduces stricter control over lending activities conducted by CIs and FBBs. In this post, we will summarize some of the key points of Circular 6/2023.

Additional prohibited lending purposes

Circular 6 provides for certain new scenarios where CIs and FBBs are prohibited from providing loans. These cases include:

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Written by Nguyen Quang Vu On In

Comments on Draft on Law on Real Estate Business – Part 1

Please download the pdf version here.

In May 2023, Ministry of Construction and VCCI jointly held a Seminar on Draft of new Law on Real Estate Business (Draft Real Estate Business Law) to collect opinions and comments from enterprise community and experts. The Draft Real Estate Business Law appears to be the latest version having been published before it is submitted to the National Assembly. The new Law on Real Estate Business is scheduled to be adopted by the National Assembly in November 2023. We will try to highlight some notable changes introduced by the Draft Real Estate Business Law in this post and subsequent posts.

This post is written by Nguyen Hoang Duong and Nguyen Quang Vu.

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Written by Nguyen Quang Vu On In ,

Venture North Law's Legal Guide To Merger Control In Vietnam (2023 Update)

In December 2020, we published a comprehensive Legal Guide To Merger Control In Vietnam (see here). In April 2023, the Government established the Vietnam Competition Commission (VCC). On this occation, we update our legal guide to reflect the establishment of the VCC. The updated guide can be downloaded here.

The guide is updated by Le Minh Thuy.

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Written by Nguyen Quang Vu On In ,

Comments on Draft Decree on Cybersecurity Administrative Sanctions

On 31 May 2023, the Ministry of Public Security (MPS) released the 3rd draft of the Decree on Cybersecurity Administrative Sanctions (3rd Draft Decree). The 3rd Draft Decree provides administrative penalties on violations of cybersecurity laws (i.e., Law on Cybersecurity 2018, Decree 53/2022 detailing the Law on Cybersecurity 2018) and personal data regulations (i.e., Decree 13/2023 on personal data protection). In this post, we provide comments and respective recommendations of several provisions under the 3rd Draft Decree. This post is written by Trinh Phuong Thao and edited by Nguyen Quang Vu.

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Written by Nguyen Quang Vu On In