by Steven Jacob, Foreign Associate Last week I attended a year-end party and was asked about business-to-business, or B2B, lending in Vietnam. While I was familiar with the legal issues surrounding peer-to-peer, or P2P, lending (see my post on that topic here) I hadn't had the chance to investigate the somewhat different issues surrounding the [...]
by Steven Jacob Cryptocurrency's Rise Cryptocurrency in Vietnam is problematic. For one thing, it's illegal. But that's not the full story nor does it promise to be the last word on the issue. Vietnam is a large market, the fifteenth-most populous country in the world, large enough to add considerable support to any product or [...]
Like much of the Fintech space, peer-to-peer, or P2P, lending in Vietnam is a relatively new and growing field. It also remains largely unregulated. In an official letter issued a year and a half ago, the state bank of Vietnam acknowledged that the space lacked regulation and warned banks and credit institutions of various dangers [...]
In a piece of legislation passed just a couple of weeks ago, the government of Vietnam made it possible for banks to comply with a common anti-money laundering, or AML, requirement digitally. Know Your Client, or KYC, has long been an element of Vietnam's banking law and serves to supplement the global standard AML law. [...]
Last week Fintech News, a digital news provider out of Singapore, launched their Vietnam Fintech Report 2020. The report examines the Fintech space in Vietnam, looking at current penetration within the country's population and the startup scene as well as pointing out specific fintech companies to watch. You can download the Vietnam Fintech Report 2020 [...]
In the near future I'm looking to move into more tech involved matters. As such, I'm going to use this blog as a means to educate myself on the issues and laws related to certain matters important to the tech field. Foremost among those is the use of digital payments. While there are issues relating [...]
Most people are familiar with secured transactions, though they may not know them by that name. When a person buys a house, or a car using a loan--whether through the seller or a third party lender--they sign a contract offering their purchase as security. This means that, if the borrower defaults on his loan, the [...]
Repatriating foreign direct investments from Vietnam is a bit more complicated than repatriating foreign indirect investments (which I talked about last week, here). This week I am going to discuss the legal process for making FOREX and repatriation happen in the case of foreign direct investment (FDI) into Vietnam. This article should be read in [...]
When a non-Vietnamese citizen wants to invest in Vietnam there are a few questions which come up at the very beginning. One of them--and I've worked on several informational memos about this--is how they repatriate their investment, and any profits, from Vietnam when they are finished with the investment. The answer to that question depends [...]
On November 12, at the Lotte Legend Saigon Hotel in Ho Chi Minh City, Vietnam, the annual CFO Forum will welcome over thirty speakers and three hundred attendees. Indochine Counsel's managing partner, Dang The Duc, will be speaking as the sole representative from the legal community amidst a number of speakers from technology, fintech, and [...]