Latest News


img Ms. Thuy Anh, A-PAC executive director, delivers speech at the seminar on practical issues occurred during civil proceedings
img A-PAC's Members
img Picture taken after the discussion on cooperation between members of Aichi Law Association (Japan) with A-PAC
img Le Phan Thuy Anh, executive director, in discussion with Tran Hong Lan (standing), member, in charge of financial&banking sector
img Celebration in Sofitel Metropole Hotel (Hanoi) on the occasion of publication of legal article by Noguchi Shingo at Japanese Business Association

Japanese Partner

New regulation on money brokerage

On 30 June 2016, the State Bank of Vietnam ("SBV") issued Circular No. 17/2016/TT-NHNN stipulating the money brokerage operation of commercial banks, branches of foreign banks in Vietnam ("Circular 17").

Accordingly, the broker and the client is free to agree on the brokerage fee without any limitation (the old regulation says the fee must not exceed 0.02% of the value of transaction).

In addition, Circular 17 continues, during the operation of the money brokerage, the following principles should be noted:  

- There is at least one client who enjoy the money brokerage service is a credit institution, or a branch of foreign bank that was established and operating in accordance with the Law on Credit Institution.

- Commercial banks, branches of foreign banks are not allowed to be both the broker and the party that will execute the transaction to be brokered with the client. 

Circular 17 takes effect and replaced Decision No. 351/2004/QD-NHNN from 22 August 2016.