Vietnam Briefing News

Credit Institutions in Vietnam Now Offering Foreign Currency Loans

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Decision No. 857/QD has been enacted by the State Bank of Vietnam. According to this measure, credit institutions (including foreign bank branches) can now make loans in foreign currencies to customers residing in the country.

Vietnam to Tighten Cash Loan Disbursements from June 1

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According to the Circular, banks will not use cash as a method for disbursing loans from June 1, 2012.

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