Foreign Loan Registration
Entering the Vietnamese market through company formation or other investment vehicles is a key step for foreign investors. As Vietnam’s economy grows, businesses increasingly require capital, with foreign loans being a common source for operational funding.
The State Bank of Vietnam strictly regulates loan disbursement and repayment, including mandatory loan registration for:
- Medium and long-term loans
- Extensions of short-term loans leading to total loan-term exceeding 12-month period
- Short-term loans without extension still have outstanding principal from the initial disbursement date, except those loans have been fully paid within 30 business days from the first day of loan disbursement
The following checklist captivates the loan registration procedure of each loan type as abovementioned
| Items | (i) | (ii) | (III) |
| Due date of loan registration | Within 30 business days from the date of signing long-term loan agreement, AND prior the anticipated date of the first disbursement | Within 30 business days upon signing loan addendum to extend loan term, of which the day of signing loan addendum is within 1 year from the initial loan disbursement date.
Within 60 business days upon signing loan addendum to extend loan term, of which the day of signing loan addendum is after 1-year term from the initial loan disbursement date. |
Within 60 business days from the initial loan disbursement date. |
| Registration method | Direct submission
Submitting the application directly to SBV Hybrid: Registering online via SBV portal AND sending paper dossier to SBV |
Direct submission
Submitting the application directly to SBV Hybrid: Registering online via SBV portal AND sending paper dossier to SBV |
Direct submission
Submitting the application directly to SBV Hybrid: Registering online via SBV portal AND sending paper dossier to SBV |
| Processing time | Direct submission | 15 business days
Hybrid | 12 business days |
Direct submission | 15 business days
Hybrid | 12 business days |
Direct submission | 15 business days
Hybrid | 12 business days |
| Required document | Loan Registration form (Default template from SBV)
Legal document of the Company (business license, ERC, IRC) Loan Agreement Plan for using loans for business operation Other documents requested from SBV
|
Loan Registration Form (Default template from SBV)
Company’s legal documents (business license, ERC, IRC) Loan Agreement Loan Addendum for extension Report on loan usage during the period Confirmation letter from the commercial bank regarding loan transactions (disbursement, withdrawal, repayment, etc.) Other documents as requested by SBV |
Loan Registration Form (Default template from SBV)
Company’s legal documents (business license, ERC, IRC) Loan Agreement Loan Addendum for extension Report on loan usage during the period Confirmation letter from the commercial bank regarding loan transactions (disbursement, withdrawal, repayment, etc.) Other documents as requested by SBV |
| Notice | Loan agreement, loan addendum MUST be translated into Vietnamese for submission
Circular 12/2022 for SBV default template DICA accounts for FDI or specialized account for other forms of legal entity. |
||