THE GOVERNMENT | SOCIALISTREPUBLIC OF VIET NAM |
No. 10/2011/ND-CP | Hanoi, January 26, 2011 |
DECREE
AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF DECREE NO. 141/2006/ND-CP OF NOVEMBER 22, 2006, PROMULGATING THE LIST OF LEGAL CAPITAL LEVELS APPLICABLE TO CREDIT INSTITUTIONS
THE GOVERNMENT
Pursuant to the December 25. 2001 Law on Organization of the Government;
Pursuant to June 16. 2010 Law No. 46/2010/ QHI2 on the. State Bank of Vietnam;
Pursuant to June 16. 2010 Law No. 47/2010/ Off 12 on Credit Institutions;
At the proposal of the Governor of the State Bank of Vietnam.
DECREES:
Article 1. To amend and supplement a number of articles and clauses of the Government's Decree No. 141/2006/ND-CP of November 22. 2006,.promulgatig the list of legal capital levels applicable to credit institutions, as follows:
1. To amend and supplement Clause I, Article 2 as follows:
"1. Licensed credit institutions must take measures to ensure that their actually contributed or allocated legal capital at least reaches the legal capital levels set in the list promulgated together with this Decree by December 31. 2011. at the latest."
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"Powers o( the -State Rank of Vietnam:
1. During the lime credit institutions fail to reach the legal capital levels specified in Clause 1. Article 1 of this Decree, the State Bank of Vietnam shall not consider licensing expansion of operation network (branches, representative offices, non-business units and other forms of establishment under law) of these credit institutions or their expanded business lines.
2. After December 31. 2011 the State Bank of Vietnam shall consider and handle under law credit, institutions that, fail to reach the legal capital levels specified in Clause 1, Article 1 of this Decree."
Article 2. Effect
This Decree lakes effect on March 15. 2011.
Article 3. Implementation responsibility
The Governor of the State Bank of Vietnam, ministers, heads of ministerial-level agencies. heads of government-attached agencies, and chairpersons of People's Committees of provinces and centrally run cities shall implement this Decree.
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
LIST
OF LEGAL CAPITAL LEVELS APPLICABLE TO CREDIT INSTITUTIONS
(Attached to the Government's Decree No. JO/201 UN D-CC of January 26, 2011)
No.
Types of credit institutions
Legal capital level applicable till 2011
I
Banks
1
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
a
Slate-owned commercial bank
VND 3 trillion
b
Joint-stock commercial bank
VND 3 trillion
c
Joint-venture bank
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
d
100% foreign-invested bank
VND 3 trillion
e
Foreign bank branch
USD 15 million
2
Policy bank
VND 5 nil lion
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
Investment bank
VND 3 trillion
4
Development bank
VND 5 trillion
5
Cooperation bank
VND 3 trillion
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
a
Central people's credit fund
VND 3 trillion
b
Grassroots people's credit fund
VND 0.1 billion
II
Non-bank credit institutions
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Mọi chi tiết xin liên hệ: ĐT:(028) 3930 3279DĐ:0906 22 99 66
1
Financial company
VND 500 billion
f
Financial leasing company
VND 150 billion