Vietnam Tightens Rules on Banks’ Outright Purchase of Documents Under Their Own Letters of Credit
On October 18, 2026, the State Bank of Vietnam required banks to include qualifying outright purchases of documents under their own letters of credit in credit growth controls. Techcombank’s related income rose 334.1% in the first nine months of 2026. SHB reported nearly VND 78 trillion in related receivables, though its disclosure does not separately identify transactions involving letters of credit it issued itself.
