As the trend of raising pets is growing in Vietnam, importing and distributing veterinary drugs is one of the business fields that is attracting a lot of attention from domestic and international investors. To do veterinary medicine business, businesses currently not only have to meet normal business factors but also need to meet specific types...
7 new points in the draft circular on factoring services
On January 18, 2024, the National Assembly passed the Law on Credit Institutions 2024 and the law will take effect from July 1, 2024. In addition, in the context of Vietnam’s increasingly deep economic integration, the professional activities of credit institutions and foreign bank branches in Vietnam are increasingly diverse in many forms. different consciousness. On that basis, the issuance of a new document to replace Circular No. 02/2017/TT-NHNN regulating factoring (“Circular 02”) is very necessary. Therefore, the State Bank of Vietnam (“SBV”) has drafted a new Circular on factoring and other services related to factoring (“Draft”), to replace the Circular. 02.
