Introduction

With the growth of the Asian economy and the spread of wealth, new opportunities have arisen in South East Asia and over the globe for business development and trade.  In fact, Market Capitalization in Vietnam alone has risen from approximately $52 Billion USD to $150 Billion USD in the space of five years (2014-2019; Source: datacommons.org).  At the forefront of this expansion is the Banking & Financial sector, which has furnished the engine that has driven this change.  However, this expansion has also presented unique challenges with cross-border lending issues and variable regulatory and legal structures that financial institutions must adapt to and overcome.  As such, it is imperative that Banking Institutions retain a solidly reliable legal partner that is both fluent in all competencies of the banking and finance industry and flexible enough to adapt to changing circumstances and new opportunities.

About

The Banking Team at Corporate Counsels possess a thorough comprehension of these complex laws and regulations as well as the capability to navigate through them successfully. With over a decade of experience and an unsurpassed practical understanding of the issues encountered by financial institutions, our banking law attorneys design efficient and realistic solutions to resolve all issues facing our clients.

Based in Vietnam, Corporate Counsels has unique knowledge of the emerging financial and legal landscape in one of the fastest growing economies in Asia.  Amongst our many practices, we represent domestic and foreign-owned commercial banks, holding companies, global investment banks, and other financial institutions seeking to establish branches or representative offices throughout the country.  Corporate Counsels is also well-versed in representing financial institutions in the filing and processing of applications for bank charters, fiduciary powers, deposit insurance, changes in bank control and bank holding company formations.  Another area of practice includes assisting foreign banks in cross-border transactions and establishing partnership interests in domestic banks and other financial institutions.  In addition, Corporate Counsels has frequently advised foreign banks and financial institutions on the wide range of their operations within Vietnam and represented them before the Ministry of Finance (MOF) and other agencies on banking and regulatory compliance.

Services

A sample of the wide array of premier advisory services Corporate Counsels provides to the banking and financial industry include:

  • Bank Products and Services;
  • Consumer Financing;
  • Corporate Formation and Governance;
  • Credit and Commercial Lending;
  • Cross-Border Transactions;
  • Establishment of Domestic and International Representative Offices;
  • Electronic Banking, Cybersecurity and Risk Management;
  • Bank Mergers & Acquisitions (M&A);
  • Mortgage Banking, Real Estate, Project, and Asset Financing;
  • Securities and Commodity Financing;
  • Regulatory Compliance;
  • Tax and Accounting.