In the article on Vietnam Investment Review, here, news of Vietnam's increasing independence from cash and gold is welcome. I'll let you read the article, but much of the information contained therein is to boast of the boost in mobile payments and ATM transactions. Mobile payments are cashless payments made using a mobile device, usually [...]
With this article in Vietnam Investment Review, here, the government proves that it is capable of keeping pace with technological advancement in at least one department, that of tax collection. The article examines the fact that Grab, a ride hailing app company, has surpassed Vinasun in tax contributions. It outlines the concerns that were raised initially, [...]
Thanks to Dr. Matthias Duhn on LinkedIn, for sharing the link to the interview with the Minster of Planning and Investment. The original interview ran in Vietnam Investment Review, here, and is a reassuring assessment of the private sector economy. One of the highlights of the article, and I'll let you read it for yourself, [...]
A few days ago the National Bank announced that it will approve Peer to Peer Lending. This comes as little surprise since there are already 40 companies operating in the sector in Vietnam and the activity has been neither approved nor prohibited up to this time. P2P Lending is a method of lending that skips [...]
This year we are all gathered in Ho Chi Minh City, to hear and share what is affecting ASEAN in terms of disruptive technologies and innovations. We have lined up several speakers who are experts in their fields to share their insights with us. The world is changing very quickly and we as lawyers, accountants, [...]
The State Bank of Vietnam (“SBV”) recently released Circular No. 41/2016/TT-NHNN, dated 30 December 2016, effective from 1 January 2020 on minimum capital adequacy ratio (“CAR”) for banks and foreign bank branches in Vietnam (“Circular 41”). Under Circular 41, the banks and foreign bank branches in Vietnam shall maintain the minimum CAR of 8% from [...]