Vietnam: Licensed non-bank credit institutions shall officially start operation as of the day of operation opening

16:57, 29/12/2015

This is a notable content specified in Circular No. 30/2015/TT-NHNN providing regulations on issuance of licenses, organization and operation of non-bank credit institutions that was issued on December 25, 2015 by the State Bank of Vietnam.

According to Circular No. 30/2015/TT-NHNN of the State Bank of Vietnam, non-bank credit institutions need to pay attention to the following points in order to operate:

- Licensed non-bank credit institutions shall officially start operation as of the day of operation opening.

- Moreover, to be eligible for the day of operation opening, the licensed non-bank credit institutions should meet requirements as prescribed in the Law on credit institutions of Vietnam.

- Non-bank credit institutions should carry out operation opening within 12 months since the license is granted; otherwise the State Bank shall revoke the license.

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

- Khanh Chi -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

13 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]