New circular on offshore loans

On 30th June 2023, the State Bank of Vietnam issued Circular 08/2023/TT-NHNN, replacing rules on offshore loans without guarantee. Effective 15th August, it introduced changes impacting non-bank borrowers obtaining overseas loans.

This brief analyses key aspects of Circular 08 such as short-medium term objectives, caps, evidence documents and currency denomination. Understanding these regulatory updates is crucial for non-bank borrowers, lenders and other stakeholders involved in cross-border finance in Vietnam.

Click to read our update on Circular 08 _New circular on offshore loans.