Regulation & policy
Decrees, circulars, and regulator guidance affecting Vietnam's financial sector — plain-English walkthroughs of the legal instruments that move markets.
Circular 09 Updates Custody Rules for SBV Repos and OMOs
Circular 09/2026/TT-NHNN, effective July 4, takes effect just as VIFC subsidiary banks go live — here is what compliance and treasury teams must act on.
SBV's Draft Circular on FDI Forex: Pre-IRC Accounts and the First IFC-to-Mainland Capital Category
SBV's draft replacement for Circular 06/2019 lets foreign investors open capital accounts before IRC approval and creates the first explicit regulatory category for IFC-to-mainland capital flows.
No More Forced VND Conversion: What Circular 72 Actually Means for Inbound Capital
Circular 72 abolished Vietnam's mandatory VND conversion for VIFC-bound foreign capital — here is what that means in practice for foreign LPs and asset managers.
Circular 77/2025: Vietnam's Tighter Online Banking Security Rules and What VIFC Firms Must Do
Circular 77 tightens Vietnam's online banking security rules with ISO 30107 biometrics, OWASP mandates, and device integrity checks.
Decree 328 Explained: The VIFC's International Arbitration Centre and the Annulment Waiver That Changes Everything
Decree 328 establishes Vietnam's VIFC arbitration licensing framework — including a written annulment waiver with no precedent in Vietnamese law.
Decree 92 Explained: How the VIFC Executive Council Staffs, Pays, and Recruits
Decree 92 sets compensation tiers and HR autonomy for the VIFC Executive Council. The 150% talent supplement sounds generous — until you do the math.
VIFC Supervisory Body: HCMC Given May 15 Deadline to Constitute the Centre's Enforcement Arm
Deputy PM directs HCMC to establish the VIFC Supervisory Body by coordinating with the State Bank of Vietnam, with a progress report due 15 May 2026.
Decree 324 Explained: The VIFC Tax Incentives That Matter — and the Pillar Two Problem Nobody Is Modelling
Decree 324 sets VIFC tax incentives at 10% CIT for 30 years, PIT exemptions through 2030, and IFRS flexibility — but Pillar Two floors large MNEs at 15%.
Decree 327 Explained: The VIFC's Immigration Fast Track for International Finance Professionals
Decree 327 creates 10-year UD1 residence cards and a 3-year permanent residence pathway for VIFC workers. Here is what firms need to know.
Decree 323 Explained: The Founding Charter of Vietnam's International Financial Centre
A plain-English walkthrough of Decree 323/2025/ND-CP — the decree that officially establishes the VIFC, defines its geography, governance, and priority sectors.
Decree 329 + Circular 72 Explained: Banking, Foreign Exchange, and AML Within the VIFC
A plain-English walkthrough of the VIFC's banking licensing, foreign exchange, and anti-money laundering framework — the 'money layer' of Vietnam's financial centre.
Decree 330 Explained: Commodity Exchanges, Clearing, and Settlement Within the VIFC
A plain-English walkthrough of the VIFC's commodity exchange framework — covering what can be traded, who can operate an exchange, and how clearing and settlement will work.