Conditions Required When Operating Debt Trading Services

15:39, 10/07/2024

This content is detailed in Decree 69/2016/ND-CP on conditions for business and debt trading services. The document was signed and promulgated by the Government of Vietnam on July 1, 2016.

All enterprises engaged in debt trading services must meet the following general conditions:

- The enterprise must have an internal management regulation on organization, and internal regulations on debt trading business activities compliant with Decree 69/2016/ND-CP.- The enterprise must comply with the regulations on the minimum charter capital and minimum investment capital.- The enterprise's manager must meet the following conditions:- Possess full civil act capacity and not be subject to any prohibition from managing enterprises;- Have an educational background of a university degree or higher in one of the following fields: Economics, Business Administration, Law, or the specialized field they will be in charge of;- Be a manager or have at least 5 years of direct experience in finance, banking, accounting, auditing, law, asset valuation, or debt trading;- For those who have worked in debt trading service enterprises that had their Business Registration Certificate revoked, they must satisfy the additional condition: Not being a manager of a debt trading service enterprise that had its Business Registration Certificate revoked in the past 3 contiguous years.

More details can be found in Decree 69/2016/ND-CP effective from July 1, 2016.

- Thanh Lam -

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