Amendments to lending by credit institutions and foreign bank branches up for discussion
The State Bank of Vietnam (SBV) is commenting on a draft amendment to a circular on the lending activities of credit institutions and foreign bank branches. There will be additional regulations prohibiting credit institutions from providing loans to joint ventures. The Vietnam Chamber of Commerce and Industry (VCCI), however, said the reason provided by the drafting committee was not sufficient to completely support a ban on all lending activities for capital contributions, joint ventures, and capital transfers.