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Legal Update

Vietnam Issues Stricter Rules for Establishment of Joint Stock Commercial Banks

15 April 2010
Mayer Brown JSM Legal Update

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 ( )

Hoang Anh Nguyen ( )

Mai Phuong Nguyen ( )

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

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