The State Bank of Vietnam (SBV) issued Document No. 2547/QĐ-NHNN on December 30, 2016 revising the charter capital as written in the License of the establishment and operation of the HD Saigon Finance Ltd.
Accordingly, the SBV Governor allowed HD Saigon Finance to revise Item 3 Article 1 of the License No.05/GP-NHNN dated May 8 2007, granted by the Governor to the Société Générale – Vietnam Finance company (SGVF) (which is currently known as the HD Saigon Finance Ltd.) as follows:
“3. Charter capital increases from VND 550 billion to VND 800 billion, of which:
The Decision No. 2547/QĐ-NHNN takes effect from the date of signing and is an integral part of License No.05/GP-NHNN dated May 8, 2007 by the SBV Governor. The Decision replaces Article 1 of Decision No. 455/QĐ-NHNN dated March 31, 2016 issued by the SBV Government on revising the License of HD Saigon Finance for the changes to the content and charter capital.
HD Saigon Finance is responsible for completing recapitalization in compliance with regulations in line with Item 4 of Article 29 of the Law on Credit Institutions.
Giang Nguyen