Currently, the Government of Vietnam is still in the process of drafting and soliciting feedback on several draft legal documents related to the banking sector. Notably, this includes the Draft Circular regulating factoring activities of credit institutions and foreign bank branches. (Hereinafter referred to as the Draft Circular).
From July 01, 2024, the factoring providers in Vietnam will review and decide to provide factoring to customers who meet the conditions as stipulated in Circular 20/2024/TT-NHNN.
On 28/6/2024, the Governor of the State Bank of Vietnam issued Circular 20/2024/TT-NHNN on factoring and other services related to factoring of credit institutions and foreign bank branches in Vietnam.
Parent company: THU VIEN PHAP LUAT Ltd.
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