Application on change in charter capital of microfinance institutions in Vietnam

16:34, 12/04/2018

On April 09, 2018, the State Bank of Vietnam issued Circular No. 10/2018/TT-NHNN on applications and procedures for granting approval for changes of microfinance institutions.

According to Circular No. 10/2018/TT-NHNN of the State Bank of Vietnam, microfinance institutions that want to change their charter capital shall prepare the following documents:

- An application form for approval for the increase in charter capital;

- A decision on approval for change in the charter capital issued by the Board of Members;

- An owner’s decision on approval for or contributing member’s written approval for increase in the charter capital;

Within 30 days from the day on which the satisfactory application is received, the State Bank shall issue the decision on amendments to the MFI’s license.

View more details at Circular No. 10/2018/TT-NHNN of the State Bank of Vietnam, effective from June 01, 2018, replacing Circular No. 02/2008/TT-NHNN, Decree No. 165/2007/NĐ-CP and Article 9 of Circular No. 24/2011/TT-NHNN.

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