04 requirements for head offices of non-bank credit institutions in Vietnam

17:04, 30/12/2015

On December 25, 2015, the State Bank of Vietnam issued Circular No. 30/2015/TT-NHNN providing regulations on issuance of licenses, organization and operation of non-bank credit institutions, which specifies the requirements to be met by head offices of non-bank credit institutions.

Head offices of non-bank credit institutions should meet requirements for head offices of enterprises as prescribed in the Law on Enterprise and the conditions specified in Circular No. 30/2015/TT-NHNN of the State Bank of Vietnam, specifically as follows:

- Head offices should be stated in the license and business registration certificate according to law provisions and the working place for Board of Directors, the Board of Members, the Control Board and Steering Committee;

- Head offices should be based within Vietnam’s territory with definite addresses including phone numbers and emails (if any);

- Ensure safety for assets and compliance with operational requirements of non-bank credit institutions;

- Have management information system being connected with branches and business departments of non-bank credit institutions meeting requirements of non-bank credit institutions and the State Bank.

View more details at Circular No. 30/2015/TT-NHNN of the State Bank of Vietnam, effective from February 08, 2016.

- Khanh Chi -

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