Capital of credit institutions, branches of foreign banks in Vietnam

Le Hai

08:18, 14/11/2017

Credit institutions and branches of foreign banks exercising financial autonomy are responsible for their own operation, the fulfillment of their obligations and commitments as prescribed by Vietnam’s law.

According to Decree No. 93/2017/NĐ-CP of Vietnam’s Government, capital of credit institutions, branches of foreign banks includes:

1. Equity:

- Charter capital or financed capital;

- Differences from re-assessment of assets and differences due to the foreign exchange rate;

- Share premium;

- Funds: Reserve fund for charter capital addition, fund for investment in development, financial reserve fund;

- Undistributed accumulated profits, unrealized accumulated losses;

- Other capital owned by credit institutions, branches of foreign banks.

2. Raised capital:

- Capital from deposit of organizations and individuals; Capital from the issuance of valuable papers;

- Capital from investment authorization;

- Loan from domestic and foreign credit institutions and financial institutions;

- Loan from the State bank of Vietnam.

3. Other kinds of capitals as prescribed by law.

View more details at Decree No. 93/2017/NĐ-CP of Vietnam’s Government, effective from September 25, 2017.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

35 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email [email protected]