Foreigners to take stock of draft decree
September 05, 2011 | 09:22
A draft decree which introduces certain strict requirements and conditions for share acquisitions may raise concerns to foreign investors who are interested in buying shares in credit institutions in Vietnam, write Dang Duong Anh, executive partner and Nguyen Vu Quynh Lam, senior associate of Vilaf law firm.
New legislation to curb outstanding new year issues
February 14, 2011 | 08:00
In 2010, Vietnam’s economy witnessed a lot of bad news, including the Vinashin scandal, the over-inflation of the local currency, the super-inflation of consumer price index (CPI), the increase in gold and US dollar prices weakening the local currency, the gloomy securities markets and proposed bond issuances from large corporations.
Steep learning curve to walk in step with the WTO
January 03, 2011 | 10:26
“Without sufficient clarification and instructions from the Ministry of Finance or State Bank on the issue, the above requirements will be evident barriers against foreign banks trying to establish a joint venture or wholly foreign-owned bank in the coming time?”
Banking on some fresh changes
November 14, 2010 | 15:25
The National Assembly passed the new Law on Credit Institutions on June 16, 2010 (“New Law”) to repeal and replace the Law on Credit Institutions dated December 12, 1997, as amended on June 15, 2004 and its implementing regulations (collectively referred to as “Old Law”).
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