Tiếng Việt- 1 Law No. 32/2001/QH10 of December 25, 2001 on organization of the Government
- 2 Law No. 20/2004/QH11 of June 15, 2004 amending and supplementing a number of articles of The Law on credit institutions
- 3 Law No. 10/2003/QH11 of June 17, 2003, amending and supplementing a number of articles of the Vietnam State Bank Law
- 4 Law No. 06/1997/QH10 of December 12, 1997 on The State Bank of Vietnam
- 5 Law No. 07/1997/QH10 of December 12, 1997 on credit institutions
| THE GOVERNMENT | SOCIALIST REPUBLIC OF VIET NAM |
| No: 141/2006/ND-CP | Hanoi, November 22, 2006 |
DECREE
PROMULGATING THE LIST OF LEGAL CAPITAL LEVELS OF CREDIT INSTITUTIONS
THE GOVERNMENT
Pursuant to the December 25, 2001 Law on Organization of the Government;
Pursuant to the December 12, 1997 Law on the State Bank of Vietnam and the June 17, 2003 Law Amending and Supplementing a Number of Articles of the Law on the State Bank of Vietnam;
Pursuant to the December 12, 1997 Law on Credit Institutions and the June 15, 2004 Law Amending and Supplementing a Number of Articles of the Law on Credit Institutions;
At the proposal of the Governor of the State Bank of Vietnam,
Article 1.- Legal capital level
To promulgate together with this Decree a list of legal capital levels of credit institutions established and operating in Vietnam.
Article 2.- Organization of implementation
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2. Credit institutions that are granted establishment and operation licenses after the effective date of this Decree and before December 31, 2008, shall immediately ensure that their actually contributed or allocated legal capital amounts are at least equal to the legal capital levels stipulated for the year 2008 in the enclosed list.
3. Credit institutions that are granted establishment and operation licenses after December 31, 2008, shall immediately ensure that their actually contributed or allocated legal capital amounts are at least equal to the legal capital levels stipulated for the year 2010 in the enclosed list.
Article 3.- Powers of the State Bank
The State Bank Governor is assigned to handle, even withdraw establishment and operation licenses of credit institutions that have their actually contributed or allocated legal capital amounts lower than legal capital levels stipulated for their respective types for each period in the enclosed list.
Article 4.- Implementation effect
This Decree takes effect 15 days after its publication in "CONG BAO" and replaces the Government's Decree No. 82/1998/ND-CP of October 3, 1998, promulgating the list of legal capital levels of credit institutions.
Article 5.- Implementation responsibility
The Governor of the State Bank of Vietnam, ministers, heads of ministerial-level agencies, heads of government-attached agencies, and presidents of provincial/municipal People's Committees shall implement this Decree.
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LIST
OF LEGAL CAPITAL LEVELS OF CREDIT INSTITUTIONS
(Promulgated together with the Governments Decree No. 141/2006/ND-CP of November 22, 2006)
No.
Types of credit institution
Legal capital level applicable till the year of
2008
2010
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Banks
1
Commercial bank
a
State-run commercial bank
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VND 3,000 billion
b
Joint-stock commercial bank
VND 1,000 billion
VND 3,000 billion
c
Joint-venture bank
VND 1,000 billion
VND 3,000 billion
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100% foreign-invested bank
VND 1,000 billion
VND 3,000 billion
e
Branch of a foreign bank
USD 15 million
USD 15 million
2
Policy bank
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...
VND 5,000 billion
3
Investment bank
VND 3,000 billion
VND 3,000 billion
4
Development bank
VND 5,000 billion
VND 5,000 billion
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Cooperation bank
VND 1,000 billion
VND 3,000 billion
6
Peoples credit fund
a
Central peoples credit fund
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VND 3,000 billion
b
Grassroots peoples credit fund
VND 0.1 billion
VND 0.1 billion
II
Non-bank credit institutions
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Financial company
VND 300 billion
VND 500 billion
2
Financial leasing company
VND 100 billion
VND 150 billion
- 1 Decree No. 10/2011/ND-CP of January 26, 2011 amending and supplementing a number of articles of Decree No. 141/2006/ND-CP of November 22, 2006, promulgating the list of legal capital levels applicable to credit institutions
- 2 Decree No. 86/2019/ND-CP dated November 14, 2019 on prescribing legal capital of credit institutions and foreign bank branches
- 3 Decree No. 86/2019/ND-CP dated November 14, 2019 on prescribing legal capital of credit institutions and foreign bank branches