On 26 March 2010 the State Bank of Vietnam ("SBV") issued Circular No. 09/2010/TT-NHNN, regulating the establishment of joint stock commercial banks ("Circular"). The Circular provides for the issuance of a licence for the establishment and operation ("Licence") of a joint stock commercial bank ("JSC Bank").

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For inquiries related to this Client Update, please contact:

Dao Nguyen (dao.nguyen@mayerbrown.com)

Hoang Anh Nguyen (hoanganh.nguyen@mayerbrown.com)

Mai Phuong Nguyen (phuong.nguyen@mayerbrown.com)

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