On March 10, 2022, the State Bank of Vietnam (SBV) issued Decision No. 346/QD-NHNN revising the charter capital substance in the License for the Establishment and Operations of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank).
Specifically, the SBV Governor has decided to revise Article 2 of the License for the Establishment and Operations No. 138/GP-NHNN dated May 23, 2008 issued by the SBV Governor to Vietcombank, to read as follows:
“The charter capital of Vietcombank is: VND 47,325,165,710,000 (Forty-seven thousand three hundred twenty-five billion, one hundred sixty-five million, seven hundred ten thousand Vietnamese Dongs).”
Vietcombank shall be responsible for implementing the applicable procedures in line with Paragraph 4 of Article 29 of the 2010 Law on Credit Institutions (as amended and supplemented in 2017) regarding the above revision.
This Decision took effect from the date of signing and is an integral part of the License for the Establishment and Operations No. 138/GP-NHNN dated May 23, 2008 issued by the SBV Governor to Vietcombank.
Decision No. 300/QD-NHNN dated February 21, 2019 issued by the SBV Governor revising the charter capital substance in the License for the Establishment and Operations of Vietcombank is no longer valid from March 10, 2022.
LK