Decision No. 104/QD-NH5 of the State Bank of Vietnam issues the Model Charter for financial companies within state-owned corporations, applicable to relevant units. The Decision takes effect from the date of signing.
Scope of application
State-owned corporations wishing to establish financial companies and relevant units of the State Bank of Vietnam.
Key points
- State-owned corporations → shall develop specific charters for financial companies based on the model issued by the State Bank of Vietnam.
🌐 Social impact of this document
- State-owned corporations will have clearer guidance in establishing and managing financial companies, contributing to more effective business operations.
❓ Frequently asked questions
When was the Model Charter for financial companies issued?
The Model Charter for financial companies within state-owned corporations was issued on May 2, 1996.
Who does this Decision apply to?
This Decision applies to state-owned corporations wishing to establish financial companies and relevant units of the State Bank of Vietnam.
What basis was the Model Charter for financial companies issued on?
The Model Charter for financial companies within state-owned corporations was issued based on the State Bank Law, Banking Law, Credit Cooperative Law, and Financial Company Law of 1990; Government Decree No. 20/CP dated March 1, 1995 regarding the organizational structure of the State Bank of Vietnam; and Government Decree No. 39/CP dated June 27, 1995 issuing the Model Charter on the organization and operation of state-owned corporations.
When does this Decision take effect?
This Decision takes effect from the date of signing, specifically May 2, 1996.
What must state-owned corporations do to establish financial companies?
State-owned corporations wishing to establish financial companies need to develop specific charters based on the model issued by the State Bank of Vietnam.
Full text
Pursuant to …;
Regarding the issuance of a model charter for financial companies within state-owned corporations
_______________________________
GOVERNOR OF THE STATE BANK OF VIETNAM
Pursuant to the State Bank Law, the Banking Law, the Credit Cooperative Law, and the Financial Company Law dated May 24, 1990;
Pursuant to Decree No. 20/CP dated March 1, 1995 of the Government on the organizational structure of the State Bank of Vietnam;
Pursuant to Government Decree No. 39/CP dated June 27, 1995 on the issuance of a model charter regarding the organization and operation of state-owned corporations;
At the proposal of the Director of the Department of Financial Institutions,
DECISION:
Article 1. Attached hereto is the "Model Charter for Financial Companies within State-Owned Corporations" to serve as a basis for drafting specific charters for financial companies within state-owned corporations.
Article 2. This Decision shall take effect from the date of signing.
Article 3. The Heads of the Office, the Director of the Department of Financial Institutions, the Heads of relevant units of the State Bank, the Directors of the State Bank Branches in provinces and centrally-administered cities, and state-owned corporations wishing to establish financial companies are responsible for implementing this Decision./.
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