Skip to main content

Legal Update

New Circular on Merger, Consolidation and Acquisition by Credit Institutions

22 April 2010
Mayer Brown Legal Update

On 11 February 2010, the State Bank of Vietnam ("SBV") issued Circular No. 04/2010/TT-NHNN regulating merger, consolidation and acquisition of credit institutions ("Circular 04").

A credit institution means a bank, finance company, finance leasing company or a credit co-operative.

A merger means one or more credit institutions
merging with another credit institution; a consolidation means two or more credit institutions consolidating to become one new credit institution; and an acquisition means a credit institution purchasing another credit institution.

Circular 04 opens the door for future M&A deals in the financial sector and replaces an old circular issued in 1998 which applied only to the merger, consolidation and acquisition of joint stock credit institutions.

Get the full update.

For inquiries related to this Client Update, please contact:

Dao Nguyen ( )

Thinh Dan ( )

Learn more about our Vietnam offices and Banking & Finance practice.

The Build a Report feature requires the use of cookies to function properly. Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently. If you do not accept cookies, this function will not work. For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.