• Regulations on Licensing, Organization and Operation of Commercial Banks
  • June 20, 2012 | Authors: Kevin B. Hawkins; John M. Marsden; Hoang Anh Nguyen; Mai Phuong Nguyen; Orsolya Szotyory-Grove
  • Law Firms: Mayer Brown JSM Vietnam Limited - Ho Chi Minh City Office ; Mayer Brown JSM Vietnam Limited - Hong Kong Office ; Mayer Brown JSM Vietnam Limited - Hanoi Office ; Mayer Brown JSM Vietnam Limited - Ho Chi Minh City Office
  • The State Bank of Vietnam ("SBV") issued Circular 40/2011/TT-NHNN on December 15, 2011 ("Circular 40"). The Circular regulates the process of licensing, as well as the organization and operation of commercial banks, branches of foreign banks, and representative offices of foreign credit institutions and other foreign banking operations.