Hanoi, Vietnam: Application for Financial Leasing by General finance companies and financial leasing companies

Application for Financial Leasing by General finance companies and financial leasing companies in Vietnam

The lessee must submit to the lessor a financial leasing application form along with the following documents:

- Documents proving eligibility for financial leasing as prescribed in Article 5 of Circular 26/2024/TT-NHNN.

- Information regarding related parties to the lessee, including:

+ Information about related parties to the lessee that fall under credit restriction scenarios as per the provisions of the Law on Credit Institutions 2024;

+ Information about related parties to the lessee in accordance with the Law on Credit Institutions 2024 in cases where, at the time of the leasing application, the lessee has outstanding credit granted by the lessor (including the principal amount proposed for leasing) greater than or equal to 0.5% of the lessor’s equity capital as of the end of the most recent business day. In cases where the lessor has negative equity, this ratio is applied based on the charter capital.

- Information about related parties to the lessee as stipulated in Clause 2, Article 6 of Circular 26/2024/TT-NHNN, including:

+ Information about related individuals, including: full name, personal identification number for Vietnamese citizens; nationality, passport number, date of issue, and place of issue for foreign individuals; relationship with the lessee;

+ Information about related organizations, including: name, enterprise code, head office address, Business Registration Certificate number or equivalent legal documents for non-business organizations; legal representative, relationship with the lessee.

- The lessor shall guide the lessee in providing the information and documents stipulated in Article 6 of Circular 26/2024/TT-NHNN.

More details can be found in Circular 26/2024/TT-NHNN, effective in Vietnam from July 1, 2024.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE