Offshore borrowing

A loan from a parent company to its Vietnamese subsidiary is not simply an intercompany balance. Depending on its terms, and on what happens to it afterwards, it may fall within the State Bank’s registration regime, with obligations that begin running from events rather than from dates in a diary.

This section covers when registration is triggered, what the process involves in practice, and what position a borrower is in when a loan was not registered at the time it should have been.