Lending activities for outbound investment
VGP – The Governor of the State Bank of Viet Nam approved Circular No. 36/2018/TT-NHNN (“Circular 36”) on lending activities by credit institutions and foreign bank branches for outbound investment.
Question: Which credit institutions are allowed to carry out lending activities for outbound investment?
Answer: Circular 36 regulates more details on the credit institutions which are allowed to carry out lending activities for outbound investment, including:
(1) Commercial banks;
(2) Non-bank credit institutions;
(3) Foreign bank branches
Circular 36 supersedes Circular No. 10/2006/TT-NHNN (Circular 10) on guiding credit institutions to make loans to customers for direct outbound investment.
Circular 36 shall take effect as from February 15, 2019./.