Country Alerts

SBV’s Guidelines and Clarifications on some Provisions in Relation to Lending Activities of Credit Institutions and Foreign Bank Branches

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By INDOCHINE COUNSEL

On 8 November 2023, the State Bank of Vietnam (“SBV”) issued Official Letter No. 8631/NHNN-CSTT (“OL 8631”) to address several questions related to some provisions of Circular No. 39/2016/TT-NHNN dated 30 December 2016, which as amended and supplemented by Circular No. 06/2023/TT-NHNN dated 28 June 2023 (“Circular 39”) that regulates lending activities of credit institutions, foreign bank branches (collectively referred to as “CIs”) with respect to their customers.

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