Home / Glossary / SBV (State Bank of Vietnam) Regulations SBV (State Bank of Vietnam) The central bank of Vietnam responsible for monetary policy, banking regulation, and payment system oversight. Related topic references Regulations Payments Related terms in Regulations Decree 52/2013/ND-CP The foundational legal framework governing e-commerce activities in Vietnam, including consumer protection, in… Circular 19/2016/TT-NHNN A State Bank of Vietnam circular regulating intermediary payment services, including e-wallets and payment gat… FDI (Foreign Direct Investment) Investment by a foreign company or individual into business operations in Vietnam — building factories, establ… SME (Small and Medium Enterprise) Small and medium-sized enterprises — the backbone of Vietnam's economy by business count and employment. Many … Foreign Ownership Limit The maximum stake a foreign investor may hold in a Vietnamese company in a given sector, set by WTO commitment… China + 1 A supply-chain strategy where manufacturers keep operations in China but add production in another country — f…