LEGAL UPDATE: Did you know that foreign investors may now purchase non-performing/bad loans (NPLs) from Vietnam Asset Management Company (VAMC) under a new circular issued by the State Bank of Vietnam (SBV) just last week which will become valid on 15 Oct

1. What is VAMC? VAMC is a 100% State-owned company, established by the SBV in July 2013. VAMC’s role is to take NPLs off the balance sheets of banks and in exchange the banks will receive special interest-free VAMC bonds with tenors of up to 5 years with a face...

LEGAL UPDATE: Did you know that the Vietnamese Government has recently issued a resolution setting out deadlines requiring the relevant ministries to issue guidelines to facilitate the implementation of the new Enterprise Law and Investment Law?

Although both of these key pieces of legislation became valid on 1 July of this year, actual implementation has been delayed, as the guiding laws have not yet been issued. The Government resolution sets out clear deadlines (discussed below) for when such guidelines...