Legal Counselling

Some notes about the charter capital of non-bank credit institutions in Vietnam

15:52, 29/12/2015

This is one of the important contents specified in Circular No. 30/2015/TT-NHNN providing regulations on issuance of licenses, organization and operation of non-bank credit institutions that was issued on December 25, 2015 by the State Bank of Vietnam.

Circular No. 30/2015/TT-NHNN of the State Bank of Vietnam set out some notes about the charter capital of non-bank credit institutions as follows:

- Charter capital of non-bank credit institutions is the capital which is actually contributed by the owner or by shareholders and members as stated in the statute of the non-bank credit institution and at least equal to the level of legal capital as prescribed.

- Increase or decrease in charter capital of non-bank credit institutions and handling of cases when actual value of charter capital is lower than level of legal capital are instructed in law provisions.

- Percentage of the charter capital contributed by capital contributing members or owned by shareholders in non-bank credit institutions is instructed in law provisions.

View more details at Circular No. 30/2015/TT-NHNN of the State Bank of Vietnam, effective from February 08, 2016.

- Khanh Chi -

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