Specific dispute resolution mechanism of the world's leading financial centers
Singapore, Hong Kong, New York and London are the top four international financial centres, each of which has developed trade and financial dispute resolution mechanisms to meet the needs of the global financial community. These mechanisms include specialized courts, international commercial arbitration, and alternative dispute resolution (ADR) methods. Each center has its own characteristics, reflecting its history, legal system, and role in the global financial markets. Vietnam is in the process of building its own international financial center (Vietnam IFC) and the experience of dispute resolution of these financial centers will be a valuable lesson for Vietnam to build an effective settlement mechanism for Vietnam IFC in the coming time.
Public companies confused in announcing Court judgments/decisions
The information disclosure of public companies in Vietnam shall comply with the provisions of Circular No. 96/2020/TT-BTC guiding the disclosure of information on the stock market dated November 16, 2020 of the Ministry of Finance . A legally effective judgment or decision of the Court is also a type of information that enterprises are required to disclose according to regulations. However, the reality shows that listed enterprises have different ways of understanding and applying this regulation, leading to inconsistency in the way of information disclosure.
The list of conditional business lines is the biggest obstacle of the Law on Investment 2020?
In the course of efforts to integrate into the global economy, the Law on Investment 2020 is expected to be a major step forward to simplify procedures, promote business freedom and attract foreign investment (FDI). This law, which came into effect on January 1, 2021, has brought many positive reforms, such as cutting some conditional business lines, strengthening the decentralization of authority, and special investment support. However, after nearly 5 years of implementation, it has been shown that regulations on conditional business lines are still the biggest "bottleneck", hindering the business environment, reducing Vietnam's competitiveness compared to other countries in the ASEAN region.
Draft on the establishment of an International Financial Center: What breakthrough regulations can businesses expect?
Vietnam's efforts to deeply integrate into the global economy, the establishment of the International Financial Center (IFC) in two strategic locations – Ho Chi Minh City and Da Nang – is considered a breakthrough step. Based on Resolution No. 222/2025/QH15 of the National Assembly, the Government has recently submitted a draft Decree of the Government on the establishment of Vietnam IFC to collect public opinions . Vietnam's IFC regulations promise to create a superior financial "ecosystem", with a specific mechanism to attract investment, promote innovation and connect with the world's financial centers.
Specific policies of the Vietnam International Financial Center according to Resolution 222 of the National Assembly
On June 27, 2025, the National Assembly of the Socialist Republic of Vietnam passed Resolution No. 222/2025/QH15 on the establishment of the International Financial Center (Vietnam IFC) in Ho Chi Minh City and Da Nang (Resolution 222). Resolution 222 takes effect from September 1, 2025. This is a strategic move to create a conducive environment for international financial activities, attract foreign investment, and promote innovation. Vietnam IFC is expected to become a competitive financial center in the region, making an important contribution to Vietnam's economic development and international integration in the new period.
The important role of law firms in IPO activities of enterprises in the Vietnamese stock market
An Initial Public Offering (IPO) is an important milestone in the development journey of a business, marking the transition from a private company to a public company. In Vietnam, the capital market is developing rapidly, with exchanges such as the Ho Chi Minh City Stock Exchange. Ho Chi Minh City (HOSE) and the Hanoi Stock Exchange (HNX) play a central role in supporting businesses to raise capital through IPOs. However, the IPO process is not only a financial activity but also a complex legal process, requiring strict compliance with the provisions of Vietnamese law and international standards (if the IPO has foreign elements). In this context, the role of law firms becomes essential to ensure businesses overcome legal challenges, optimize processes, and achieve capital raising goals effectively.
Guidance on procedures for registration of peer-to-peer lending mechanism for Fintech companies
From July 1, 2025, peer-to-peer lending (P2P Lending) activities in Vietnam have been officially included in the legal framework in Decree 94/2025/ND-CP. This is an important step forward to control risks and protect consumers in the context of strong development of Fintech models. However, to participate in this mechanism, Fintech companies must meet a series of strict conditions and fully carry out registration procedures with the State Bank of Vietnam. The following article will provide specific instructions on the conditions and registration process for participating in the Peer-to-Peer Lending Trial Mechanism that businesses need to pay attention to.
Procedures for issuance of certificates of establishment of representative offices of foreign securities companies and fund management companies in Vietnam
With the massive flow of foreign investment capital into Vietnam, Vietnam's stock market is one of the hot spots that strongly attracts resources of investors in the world. Along with that, the demand for establishing commercial presences in Vietnam is increasing, in which, the establishment of representative offices of foreign securities companies and fund management companies in Vietnam is considered the first step and the foundation for expanding business activities in the future. In the context of the continuous improvement of the legal system on securities and investment in order to approach international standards, the establishment of a representative office in Vietnam allows foreign securities companies and fund management companies to promptly grasp legal changes. at the same time, build strategic relationships with domestic regulatory agencies, financial institutions and potential investors.
Cross-ownership of commercial banks: Perspectives from the Court's settlement practice
Cross-ownership is not a new problem in the world, but in Vietnam, it has its own peculiarities due to the uneven development of the financial market and the legal system that has not kept up with the development of society and the economy. In the past period, many banks have taken advantage of cross-ownership to increase their influence, manipulate credit activities or hide their weak financial situation. As a result, a series of bank failures, such as the case of the Construction Bank or banks acquired by the State Bank for 0 VND such as Dong A Bank and Ocean Bank, all have traces of cross-ownership.
Efforts to upgrade Vietnam's stock market through Circular 03/2025/TT-NHNN
On April 21, 2025, the State Bank of Vietnam (SBV) issued Circular 03/2025/TT-NHNN, replacing Circular 05/2014/TT-NHNN, regulating the opening and use of accounts in Vietnam dong to carry out foreign indirect investment activities in Vietnam. This Circular is considered an important step forward in efforts to reform the foreign exchange management system, simplify administrative procedures and promote the development of Vietnam's stock market. With the goal of upgrading the stock market from a frontier market to an emerging market according to international standards, Circular 03 brings many remarkable new points, creating more favorable conditions for foreign investors in the process of investing in Vietnam. In this article, we will analyze the outstanding new points of Circular 03, assess the significance of these amendments and at the same time assess the potential to upgrade the rating of the Vietnam Stock Market in the near future from the amended regulations.
New regulations on purchase of shares in Vietnamese credit institutions by foreign investors take effect from today
From May 19, 2025, Decree No. 69/2025/ND-CP amending and supplementing the Government's Decree No. 01/2014/ND-CP on foreign investors buying shares of Vietnamese credit institutions (CIs) officially takes effect. This is an important adjustment step to attract foreign capital, support the restructuring process of the banking system, and at the same time ensure the safety and stability of the national financial system.
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