THE
GOVERNMENT
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SOCIALIST
REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
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No.
82/1998/ND-CP
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Hanoi,
October 03rd, 1998
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DECREE
ON
THE ISSUANCE OF THE LIST OF LEGAL CAPITAL OF CREDIT INSTITUTIONS
THE GOVERNMENT
- Pursuant to the Law on the
Organization of the Government dated 30 September, 1992.
- Pursuant to the Law on the State Bank of Vietnam No.01/1997/QH10 dated 12
December, 1997, the Law on the Credit Institutions No. 02/1997/QH10 dated 12 December,
1997.
- Upon proposal of the Governor of the State Bank of Vietnam.
DECREES
Article 1.
To promulgate in conjunction
with this Decree the List of legal capital for credit institutions.
Article 2.
1. Credit institutions which
were granted licence of establishment and business operating licence before the
effective date of this Decree and possess a charter capital lower than the
respective amount of legal capital mentioned in the List of legal capital
attached to this Decree, shall increase the chartered capital to at least the
indicated level of legal capital within 3 years from the effective date of this
Decree. The annual increase to the capital shall be at least 1/3 of the
difference between the chartered capital and the required legal capital.
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Article 3.
The Governor of the State Bank
shall recommend to the Prime Minister for consideration and decision on the
change of the legal capital of credit institutions mentioned in the List
promulgated in conjunction with this Decree if there is any change in the
prudential conditions of the operations of credit institutions, the demand for
financing in the economy and the financial position of the State and credit
institutions in the process of the implementation of this Decree.
Article 4.
This Decree shall be effective
after 15 days from the date of signing and all other previous legal documents
not in consistence with this Decree shall be repealed.
Article 5.
Ministers, head of
ministerial-level agencies, head of agencies of the Government, Chairmen of
People Committees in provinces and cities under the central Government's management
shall be responsible for the implementation of this Decree.
ON
BEHALF OF THE GOVERNMENT
PRIME MINISTER
Phan Van Khai
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LIST
OF LEGAL CAPITALS OF CREDIT INSTITUTION
(issued in conjunction with the Decree No. 82/1998/ND-CP dated October
3, 1998 of the Government)
Item
Banks
Legal capital
Units
I
Banks
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Commercial banks
a)
State-owned commercial bank
- Vietnam Bank for Agriculture
and Rural Development
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VND billion
- Other state-owned commercial
bank
1.100
VND billion
b)
Commercial joint-stock banks
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- Urban commercial joint-stock
banks
+ In Hanoi and Ho Chi Minh
City
70
VND billion
+ In other Cities
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VND billion
- Rural commercial joint-stock
bank
5
VND billion
2.
Development banks
1.000
VND billion
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Investment banks
500
VND billion
4.
Political banks
500
VND billion
5.
Cooperative Banks
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a)
Urban cooperative banks
5
VND billion
b)
Rural cooperative bank
3
VND billion
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Peoples credit funds
a)
Local peoples credit funds
0.1
VND billion
b)
Regional peoples credit funds
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VND billion
c)
Center peoples credit funds
100
VND billion
7.
Credit cooperatives
0,1
VND billion
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Joint-venture banks
10.000.000
USD
9.
Foreign bank branches
15.000.000
USD
II-
Non-bank credit institution
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1.
Vietnamese non-bank credit
institution
50
VND billion
2.
JV non-bank credit institution
5.000.000
USD
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100% foreign owned non bank
credit institution
5.000.000
USD