National Supervisory Authority & Licensing Qualification Dossier • Asia-Pacific
SBV
VietnamState Bank of Vietnam
Source / Native Reference: 越南国家银行
- Supervisory tier
- Tier-3
- License classes
- 2
- Licensed records
- 10
- Active / regulated
- 10
Statutory Supervisory Mandate & Scope
State Bank of Vietnam (SBV) is the statutory financial regulatory and licensing authority in Samoa. It oversees international investment dealers, securities brokers, collective investment schemes, and cross-border financial service providers under Samoa's offshore financial centre framework, enforcing corporate governance, minimum paid-up capital, and Anti-Money Laundering / Counter-Financing of Terrorism (AML/CFT) compliance.
Prudential Tier Assessment
Tier-3Tier-3 national capital markets, securities, and derivatives supervisory authority in Vietnam, IOSCO member standards-aligned.
National licensing qualifications & statutory authorisation classes (SBV)
Authorisation categories, permitted institutional and retail activities, minimum initial capital adequacy, and ongoing prudential solvency rules enforced by SBV in Vietnam.
| License class / code | Official designation | Permitted institutional & retail activities | Minimum initial / base capital | Ongoing prudential & solvency rule |
|---|---|---|---|---|
| Category 1 / Principal Broker-Dealer | Full-Scope Securities & Derivatives Dealer (Market Maker / Principal) | Dealing as principal or market maker in securities, FX, CFDs, futures, options, and underwriting. | USD $150,000 – $500,000 equivalent minimum paid-up capital | Risk-weighted capital adequacy + minimum liquid capital buffer ≥ 25% of annual fixed overheads. |
| Category 2 / Agency Broker & Asset Manager | Securities Brokerage (Agency / STP) & Discretionary Portfolio Management Licence | Order execution, reception and transmission of client orders, discretionary portfolio management, and investment advisory. | USD $75,000 – $150,000 equivalent minimum paid-up capital | Strict client money segregation, best-execution monitoring, and quarterly regulatory financial returns. |
Investor compensation, client money segregation & digital-asset regime
Statutory counterparty protections, custody reconciliation mandates, and virtual-asset licensing status under SBV.
National Investor Protection / Compensation Scheme (Vietnam)
- Maximum coverage per client
- Subject to statutory national investor protection fund limits and segregated trust priority
- Eligible counterparties & scope
- Retail clients of licensed securities and investment brokerage firms.
SBV Client Money & Safe Custody Segregation Rules
- Reconciliation & audit cadence
- Daily reconciliation of segregated client trust bank accounts against client trading ledger balances.
- Approved custodian requirements
- Client funds and securities must be held in bankruptcy-remote statutory trust accounts at licensed commercial banks or central securities depositories.
SBV Digital Asset / Tokenized Securities & VASP Regulatory Framework
- Travel Rule, custody & stablecoin rules
- FATF Recommendation 16 Travel Rule enforcement and institutional qualified custody standards.
Primary Governing Statutes & Rulebooks
- Securities and Capital Markets Act of Vietnam
- SBV Licensing, Prudential Capital Adequacy & Conduct of Business Rules
- Client Money & Custody Asset Segregation Regulations (Vietnam)
- IOSCO Principles of Securities Regulation & National AML/CFT Rulebook
Regulatory Reporting & Audit Obligations
Quarterly capital adequacy returns and annual IFRS audited financial statements submitted to SBVAnnual independent auditor attestation on Client Money and Safe Custody complianceTransaction reporting, market abuse surveillance (MAR), and AML/CFT suspicious activity reporting
Cross-Border Equivalence & Passporting
Operates under Vietnam national jurisdiction and IOSCO MMoU cross-border supervisory cooperation.
Supervised institutions & SBV licence records in our database
10 licence records referencing SBV (10 regulated/registered).
| Institution | Licence number | Status | Licensed legal entity | Effective date | Verification |
|---|---|---|---|---|---|
| ACB | Number pending check | Regulated | Asia Commercial Joint Stock Bank - ACB | — | |
| MB Bank | Number pending check | Regulated | Military Commercial Joint Stock Bank | — | |
| Techcombank | Number pending check | Regulated | Viet Nam Technological and Commercial Joint Stock Bank -Techcombank | — | |
| TPBank | Number pending check | Regulated | Tien Phong CommercialJoint Stock Bank - TPB | — | |
| Vietcombank | Number pending check | Regulated | Joint Stock Commercial Bank for Foreign Trade of Vietnam | — | |
| Vietinbank | Number pending check | Regulated | Vietnam Joint Stock Commercial Bank of Industry and Trade | — | |
| VPBank | Number pending check | Regulated | Vietnam Prosperity Joint Stock Commercial Bank | — | |
| SHINHAN BANK(Global network record) | 527/QD-NHNN | Regulated | Shinhan Bank Vietnam Limited - SHBVN | 2024-03-27 | |
| Agribank(Global network record) | Number pending check | Regulated | Vietnam Bank for Agriculture and Rural Development -Agribank | — | |
| BIDV(Global network record) | 2438/QD-NHNN | Regulated | Joint Stock Commercial Bank for Investment and Development of Vietnam | 2023-12-26 |
SBV (Vietnam): institutional licensing & due diligence FAQ
Key statutory capital, compensation, custody segregation, and verification answers for compliance teams.
What are the primary licensing classes and minimum capital requirements under SBV (Vietnam)?
SBV (State Bank of Vietnam) supervises financial institutions in Vietnam under Securities and Capital Markets Act of Vietnam and SBV Licensing, Prudential Capital Adequacy & Conduct of Business Rules. Key statutory authorisation classes include: Category 1 / Principal Broker-Dealer (Full-Scope Securities & Derivatives Dealer (Market Maker / Principal) — min. capital: USD $150,000 – $500,000 equivalent minimum paid-up capital); Category 2 / Agency Broker & Asset Manager (Securities Brokerage (Agency / STP) & Discretionary Portfolio Management Licence — min. capital: USD $75,000 – $150,000 equivalent minimum paid-up capital). Ongoing prudential supervision requires strict adherence to capital adequacy and liquidity buffers.
Does SBV provide statutory investor compensation and mandatory client asset segregation?
Under SBV's framework, investor protection is governed by National Investor Protection / Compensation Scheme (Vietnam) with maximum coverage of Subject to statutory national investor protection fund limits and segregated trust priority (Retail clients of licensed securities and investment brokerage firms.). For client money and custody assets, supervised firms must comply with SBV Client Money & Safe Custody Segregation Rules, performing daily reconciliation of segregated client trust bank accounts against client trading ledger balances. with client funds and securities must be held in bankruptcy-remote statutory trust accounts at licensed commercial banks or central securities depositories..
How does SBV regulate digital assets, crypto exchanges (VASPs/CASPs), and stablecoins?
SBV's digital-asset regime is structured around SBV Digital Asset / Tokenized Securities & VASP Regulatory Framework (Regulates security tokens, crypto derivatives, and licensed digital asset intermediaries in Vietnam.). Custody and AML/CFT compliance obligations require: FATF Recommendation 16 Travel Rule enforcement and institutional qualified custody standards.
How can I verify an institution's SBV licence number and check our 10 recorded licence entries?
Our database currently tracks 10 licence records referencing SBV (10 marked regulated or registered). To verify a counterparty at the primary source, open SBV's official public register (https://sbv.gov.vn/), search by the exact reference number and legal entity name, and confirm that the firm's domain and permitted activities match its statutory authorisation.
Related regulatory & market structure briefings
Research and compliance analysis from ETFYield Lab relevant to SBV and Vietnam.
ETF Structure & Yield Engineering
Institutional ETF Creation-Redemption Arbitrage, SEC Rule 6c-11 Custom Baskets, and Cross-Border UCITS Withholding Tax Yield Architecture (2026)
An empirical quantitative analysis of Authorised Participant (AP) primary-market arbitrage bands, SEC Rule 6c-11 and IRC Section 852(b)(6) in-kind capital gains shielding, fixed-income ETF NAV-to-market basis dynamics, and Irish ICAV 15% vs 30% US dividend withholding tax alpha.
Fixed Income ETFs & Market Microstructure
SEC Rule 6c-11 Custom Creation Baskets, Fixed-Income ETF NAV Arbitrage & After-Tax Yield Drag Model (2026)
Authorized Participant (AP) custom creation and redemption baskets under SEC Rule 6c-11 refer to non-pro-rata fixed-income portfolio transfers that allow ETF issuers to purge low-basis, illiquid, or off-the-run bonds in-kind without realizing distributable capital gains, compressing annualized after-tax yield drag by 42 to 118 basis points compared with open-end mutual funds.
Treasury Ladders & Yield Math
SGOV vs BIL vs TLT: 30-Day SEC Yield vs Distribution Yield Math & ETF Fee Drag Analysis (2026)
30-Day SEC Yield refers to a standardized net annualized yield metric mandated by the SEC that deducts fund expense ratios from 30-day portfolio income.
Treasury Ladders & Yield Math
iShares 0-3 Month Treasury Bond ETF (SGOV) Yield & Fee Benchmark: 30-Day SEC Yield vs. Trailing 12-Month Distribution Yield Audit (4.31% 30-Day SEC Yield (3 bps ER) Benchmark)
iShares 0-3 Month Treasury Bond ETF (SGOV) Yield & Fee Benchmark (SGOV-0-3M-UST) stands at 4.31% (30-Day SEC Yield (3 bps ER)) (Source: SEC Form N-1A / U.S. Treasury, 2026-10-20), governing Form N-1A Item 26 accrual acco
Statutory licensing classes, base capital rules, and investor protection summaries for SBV (Vietnam) are maintained for institutional benchmarking and do not constitute legal advice. Always verify current rulebooks and active firm authorisations directly on SBV’s official public register.