Vietnam: There must be a financial statement when the non-bank credit institution increases its charter

15:25, 10/01/2018

The State Bank of Vietnam issued Circular No. 25/2017/TT-NHNN on application and procedures for approval for changes of non-bank credit institutions.

According to Circular No. 25/2017/TT-NHNN of the State Bank of Vietnam, when a non-bank credit institution requests to increase its charter capital, it must add to the dossier the financial statement of the non-bank credit institution of the year preceding the year of proposal for increase in charter capital.

At the time of requesting a capital increase, an unaudited financial statement can be submitted, but then an audited financial statement must be submitted after the auditing organization releases the report.

In addition to the financial statement, the application for increase in charter capital also include:

- Written application for approval for increase in charter capital;

- Document of a competent authority approving the plan for increasing charter capital;

- Depending on each case, the capital increase application must also include a number of other documents.

View details of the application for increase in charter capital at Circular No. 25/2017/TT-NHNN of the State Bank of Vietnam, effective from February 26, 2018.

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