09 sources of operating capital of the Vietnam Development Bank

09 sources of operating capital of the Vietnam Development Bank​ (Illustrative image)

Circular 111/2007/TT-BTC stipulates 09 capital sources for the Vietnam Development Bank as follows:

1. Owner's capital:

- Charter capital of the Development Bank;

- Differences due to asset revaluation, exchange rate differences;

- Reserve funds to supplement charter capital, development investment funds.

2. Mobilized capital:

- Issuance of bonds by the Government of Vietnam, bonds guaranteed by the Government of Vietnam, bonds of the Development Bank, and promissory notes, certificates of deposit as prescribed by law;

- Borrowing from the Postal Savings Service Company, Vietnam Social Security, and domestic financial and credit institutions;

- Borrowing from foreign financial and credit institutions.

3. State budget capital provided for investment support post-investment;

4. ODA loans directly and ODA capital re-lent by the Ministry of Finance;

5. Receiving entrusted deposits from domestic and foreign organizations;

6. Capital received for entrustment, allocation for investment loans, and debt recovery from customers through entrustment contracts between the Development Bank and entrusting organizations;

7. Voluntary, non-refundable contributions from individuals, economic organizations, financial institutions, credit institutions, political-social organizations, associations, and non-governmental organizations, both domestic and foreign;

8. State budget capital provided to perform investment credit, export credit, and other objectives and programs of the Government of Vietnam.

9. Other capital sources as prescribed by law.

Details can be found in Circular 111/2007/TT-BTC effective October 10, 2007.

Ty Na

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