Decision No. 1280/2002/QD-NHNN on the Model Charter for the Organization and Operation of Joint-venture Banks

Pursuant to …;

Issuing Model Charter on the Organization and Operation of Joint Stock Banks

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GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to the Law on the State Bank of Vietnam No. 01/1997/QH10 and the Law on Credit Organizations No. 02/1997/QH10 dated December 12, 1997;

Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and state management responsibilities of Ministries and ministerial-level agencies;

Pursuant to Decree No. 13/1999/NĐ-CP dated March 17, 1999 of the Government on the organization and operation of foreign credit institutions and representative offices of foreign credit institutions in Vietnam;

Issued herewith are the Regulations on Loan Classification, Provisioning, and Utilization for Credit Risk Management in Banking Activities of Credit Institutions.

Pursuant to …;

Article 1. The Model Charter on the organization and operation of joint stock banks is hereby issued together with this Decision.

Article 2. This Decision shall take effect fifteen days from the date of signature.

Article 3. Within nine months from the date this Decision takes effect, joint stock banks shall base themselves on the Model Charter on the organization and operation of joint stock banks issued pursuant to this Decision to draft their own charters, which shall be submitted to the Governor of the State Bank of Vietnam for approval.

Article 4. The Heads of the Office, Department Heads of the Department of Commercial Banks and Non-Bank Credit Institutions, Heads of units under the State Bank of Vietnam, Governors of the State Bank of Vietnam Branches in provinces and centrally-administered cities, Chairmen of the Boards of Directors, and General Managers of joint stock banks are responsible for implementing this Decision.