Banking & Finance

Financing in Vietnam turns on two questions: whether the lender's security is validly created and registered, and whether the money can lawfully move in and out of the country. Both are answered by regulation rather than by the loan agreement.

Wise Counsel advises lenders, borrowers and financial institutions on lending, security and financial services regulation in Vietnam.

What we help with

• Drafting and negotiating loan agreements and facility documentation
• Creating, perfecting and registering security over assets in Vietnam
• Advising on guarantees, standby letters of credit and third-party security
• Onshore and offshore lending structures and their regulatory limits
• Advising on licensing requirements for financial services and fintech activities
• Regulatory compliance for banks, finance companies and payment intermediaries
• Advising on debt restructuring and refinancing
• Enforcement of security and recovery on default

Security that is imperfectly registered is close to worthless when it is needed. We check registration at the outset rather than at enforcement.