A transaction is carried out at VPBank (Photo: vtc.vn)
Hanoi (VNA) - The first ever legal framework for debt trading acti♈vitie🏅s in Vietnam is available.
Decree No 69/2016/ND-CP, which took effect on July 1, stipulates the following major conditions for enterprises dealing in the debt trading business:
- The companies must have at least 100 billion VND, or 4.4 million USD, in charter capital. Firms dealing in debt trading floor services must have at least 500 billion VND in equity.
- Agreements in documents do not state that the debts cannot be transferred; the debts are not used as a mortgage for a civil duty at the time that transactions take place; debt buyers and sellers are not related parties in accordance with regulations of the Enterprise Law.
- Debt transactions must be contracted in documents based on agreements of relevant parties, guaranteeing their legal rights and interests. The documents are to specify the rights and responsibility of debt buyers and sellers.
- Debt trading companies must not use loans of credit institutions and foreign bank branches to buy debts from other borrowers of these lenders. Also, the firms are not to use a guarantee of credit institutions and foreign bank branches to buy debts from customers of the lenders.
- Debt buyers and sellers and relevant parties must obey current regulations on foreign exchange management in case debt trading forms a foreign lending/borrowing relation and requires foreign exchange in the debt transactions.
- Managers of debt trading firms must have adequate civil capacity and are not banned from corporate management in accordance with regulations of the Enterprise Law. They must have a bachelor’s degree or higher degrees either in economics, business management, laws or a certain field that they are going to assume in their jobs. They are to have at least five years working directly in areas such as banking and finance, accounting, auditing, laws, asset evaluating or debt trading.
Persons who already worked for a debt trading firm, whose business registration certificates were revoked, can become managers of another debt trading company if they did not manage the old firm in the last three consecutive years.
Dau Anh Tuan, Head of the Vietnam Chamber of Commerce and Industry (VCCI)’s Legislation Department, said debt trading remained on a list of business areas where enterprises must satisfy specific conditions, as attached in Appendix 4 of the Investment Law.
“I think debt trading should not be on this list. It should be developed widely,” Tuan told Vietnam News in a phone call on July 5.
“I have no specific idea about developments in the domestic debt trading market, but activities here apparently remain feeble,” he said.
State Bank of Vietnam (SBV) Governor Le Minh Hung said last week that banking authorities would accelerate steps to form a market for debt trading, as part of national efforts to restructure the credit institution system and settle bad debts.
This was also part of an action plan of the banking sector to support the domestic business environment and national competitiveness with a vision towards 2020.
Decree No 69/2016/ND-CP is one of about 50 decrees that have become effective and provided guidelines for the enterprise and investment laws. These laws took effect on July 1.-VNA
Commercial banks offloaded a large volume of non-performing loans (NPLs) to the Vietnam Asset Management Company (VAMC) in 2015 to reduce the bad debt rate to below 3 percent.
Deputy Prime Minister Vuong Dinh Hue and the Vietnam Asset Management Company (VAMC) discussed the settlement of bad debts during a working session in Hanoi on April 27.
The banking sector will apply comprehensive monetary policies and banking operations to improve credit access, focusing on enhancing national credit ratings, according to the State Bank of Vietnam.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
A transaction is carried out at VPBank (Photo: vtc.vn)
