Legal Counselling

Application for relocation of headquarter of non-bank credit institutions in Vietnam

16:50, 15/01/2018

The State Bank of Vietnam issued Circular No. 25/2017/TT-NHNN on application and procedures for approval for changes of non-bank credit institutions.

According to Circular No. 25/2017/TT-NHNN of the State Bank of Vietnam, when changing the location of its headquarter, non-bank credit institutions must prepare documents to send to the State Bank to request the change, including:

- The application for headquarter relocation with the following contents: Current location; new location which satisfies the requirements of a headquarter in accordance with law provisions; reasons; plan to install equipment at the new headquarter; plan to relocate headquarter to ensure continuity in operation;

- Document of a competent authority approving the relocation of headquarters;

- Documents proving the non-bank credit institution has the lawful right to own or use the headquarters at its new location in accordance with relevant law provisions.

View the procedures for change at Circular No. 25/2017/TT-NHNN of the State Bank of Vietnam, effective from February 26, 2018.

- Thanh Lam -

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