Decision No. 05/2007/QD-NHNN Issuing Regulations on the Procedures and Formalities for Implementing Changes by People's Credit Funds that Must be Approved by the State Bank

Pursuant to …;

ISSUING REGULATIONS ON PROCEDURES AND FORMALITIES FOR IMPLEMENTING CHANGES THAT REQUIRE APPROVAL FROM THE STATE BANK OF VIETNAM BY RURAL CREDIT COOPERATIVES

The People's Credit Fund must be approved by the State Bank

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GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to the Law on the State Bank of Vietnam 1997 and the Law Amending and Supplementing Certain Provisions of the Law on the State Bank of Vietnam 2003;

BASED ON THE LAW ON CREDIT ORGANIZATIONS 1997 AND THE LAW AMENDING AND COMPLEMENTING CERTAIN PROVISIONS OF THE LAW ON CREDIT ORGANIZATIONS 2004;

BASED ON THE LAW ON COOPERATIVE ORGANIZATIONS 2003;

BASED ON DECREE NO. 52/2003/NĐ-CP OF MAY 19, 2003 OF THE GOVERNMENT ON THE FUNCTIONS, TASKS, POWERS AND ORGANIZATIONAL STRUCTURE OF THE STATE BANK OF VIETNAM;

BASED ON DECREE NO. 48/2001/NĐ-CP OF AUGUST 13, 2001 OF THE GOVERNMENT ON THE ORGANIZATION AND OPERATIONS OF RURAL CREDIT COOPERATIVES AND DECREE NO. 69/2005/NĐ-CP OF MAY 26, 2005 OF THE GOVERNMENT AMENDING AND COMPLEMENTING CERTAIN PROVISIONS OF DECREE NO. 48/2001/NĐ-CP OF THE GOVERNMENT ON THE ORGANIZATION AND OPERATIONS OF RURAL CREDIT COOPERATIVES;

PURSUANT TO THE PROPOSAL OF THE HEAD OF THE DEPARTMENT OF CREDIT COOPERATIVE ORGANIZATIONS.

Pursuant to …;

Article 1. ATTACHED HERETO ARE THE REGULATIONS ON PROCEDURES AND FORMALITIES FOR IMPLEMENTING CHANGES THAT REQUIRE APPROVAL FROM THE STATE BANK OF VIETNAM BY RURAL CREDIT COOPERATIVES.

Article 2. THIS DECISION SHALL TAKE EFFECT 15 DAYS AFTER ITS PUBLICATION IN THE OFFICIAL GAZETTE.

Article 3. THE HEAD OF THE OFFICE, THE HEAD OF THE DEPARTMENT OF CREDIT COOPERATIVE ORGANIZATIONS, THE HEADS OF THE UNITS UNDER THE STATE BANK OF VIETNAM, THE DIRECTORS OF THE STATE BANK OF VIETNAM BRANCHES IN PROVINCES AND CENTRALLY-GOVERNED CITIES, THE CHAIRMEN OF THE MANAGEMENT BOARDS, AND THE GENERAL MANAGERS OF THE NATIONAL RURAL CREDIT COOPERATIVES AND THE CHAIRMEN OF THE MANAGEMENT BOARDS AND THE DIRECTORS OF THE LOCAL RURAL CREDIT COOPERATIVES ARE RESPONSIBLE FOR ENFORCING THIS DECISION./.