ANNOUNCEMENT 08 Mar 2012In March 2012, the government of Vietnam announced a rule change for international private debt transactions.
NUMBER OF INTERVENTIONS
On 8 March 2012, State Bank of Vietnam (SBV) issued Circular No. 03/2012/TT-NHNN further restricting foreign currency lending by domestic credit institutions and foreign bank's branches to resident borrowers. This measure replaces an earlier measure 07/2011/TT-NHNN (see related measure).
This Ciruclar restricts foreign currency lending to -
The Circular takes effect from 2 May 2012.