Revenue of credit institutions and branches of foreign banks in Vietnam

The amounts receivable of credit institutions and branches of foreign banks must be determined in accordance with Vietnam’s accounting standards and relevant law provisions with eligible documentary evidence and be included in revenues.

According to Decree No. 93/2017/NĐ-CP of Vietnam’s Government, revenues from the business of branches of foreign banks and credit institutions include:

- Interest income and similar income: deposit interest, loan interest, business interest, interest receivable from securities investment, income from guarantee operations, interest from finance lease, interest from debt trading, other income from credit activities;

- Income from service activities: income from payment services; income from treasury operations; income from entrustment and agent operations; income from other services;

- Incomes from trading foreign currency and gold: Income from foreign currency trading; income from foreign exchange differences; income from gold trading; income from currency derivatives;

- Income from securities trading activities (excluding stocks);

- Income from capital contribution, transfer of stake and shares;

- Incomes from other activities: income from the loans handled by risk reserve (including the debts that have been written off, now recovered); income from other derivative financial instruments; income from debt trading; income from transfer, liquidation of assets; income from reversal of provision for fall of long-term investment; income from other activities as prescribed by law;

Moreover, there are also other incomes as prescribed by law.

View more details at Decree No. 93/2017/NĐ-CP of Vietnam’s Government, effective from September 25, 2017.

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