Mark Fraser On February 11 2010, the State Bank of Vietnam (SBV) issued Circular No. 04/2010/TT-NHNN, regulating the merger, consolidation and acquisition of credit institutions in Vietnam (Circular 04). As one would expect, Circular 04 applies to all types of enterprises falling within the definition of credit institutions under the Law on Credit Institutions, namely, commercial banks, finance companies, finance leasing companies, and cooperative credit institutions, being licensed to operate in Vietnam.
July 19 2010