Business Activities of Debt Trading with a Minimum Capital of 100 Billion VND

01:24, 12/07/2024

From July 01, 2016, Decree 69/2016/ND-CP on conditions for debt trading services officially takes effect.

In addition to meeting the general conditions for debt trading service business as stipulated in Article 5, businesses engaged in debt trading activities must ensure:

- Having a minimum charter capital or investment capital of VND 100 billion;- Meeting the criteria for the debts to be traded.- Debt trading must be executed via written contracts;- Compliance with foreign exchange management regulations in cases where debt trading arises from foreign loan and borrowing relationships and the use of foreign exchange during transactions.- Debt trading enterprises:- Must not receive credit from credit institutions (CI), foreign bank branches (FBB) to purchase debts of customers borrowing from the respective CI or FBB, or- Receive guarantees from CI or FBB to obtain credit from other CI or FBB to purchase debts of customers borrowing from the same guaranteeing CI or FBB.

More details can be found in Decree 69/2016/ND-CP.

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