Proportion of capital holding of microfinance institutions in Vietnam

09:33, 23/03/2018

This content is specified in Circular No. 03/2018/TT-NHNN on licensing, organization and operation of microfinance institutions of the State Bank of Vietnam issued on February 23, 2018.

According to Circular No. 03/2018/TT-NHNN of the State Bank of Vietnam, the proportion of capital holding is specified as follows:

- The proportion of capital holding of all contributing members being political organizations and socio-political organizations must be at least 25% of the charter capital of the MFI.

- The proportion of capital holding of domestic contributing members other than political organizations or socio-political organizations may not exceed the shareholding of political organizations or socio-political organizations.

- The proportion of capital holding of foreign contributing members may not exceed the shareholding of political organizations or socio-political organizations.

- The proportion of capital holding of a contributing member being an individual shall not exceed 5% of the charter capital of the MFI.

- The proportion of capital holding of a contributing member and affiliated persons shall not exceed 50% of the charter capital of the MFI.

View more details at Circular No. 03/2018/TT-NHNN of the State Bank of Vietnam, effective from April 15, 2018.

-Thao Uyen-

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