On July 25, 2018 the State Bank of Vietnam (SBV) granted License No.80/GP-NHNN revising License No.90/GP-NHNN dated April 13, 2010 for JACCS International Vietnam Finance Company Limited.
Accordingly, the full name of this finance company as in the revised License is JACCS International Vietnam Finance Company Limited; the abbreviated name is JIVF; the head office is located on the 15th floor, Centec Building, 72-74 Nguyen Thi Minh Khai street, Ward 6, District 3, Ho Chi Minh city. Its charter capital is VND 550 billion wholly owned by JACCS Co., Ltd. (headquarters in Japan). The operational duration of JIVF is 50 years, starting from April 13, 2010.
JIVF is allowed to conduct the following operations: (i) Mobilizing capital in such forms as issuing certificates of deposits, promissory notes, bills and bonds to mobilize capital from the institutions; borrowing from the domestic and international financial institutions in accordance with the laws; (ii) Extending credits in such forms as installment loans, personal loans and credit card issuance; (iii) Other operations: opening a deposit account at the SBV; opening payment accounts at other commercial banks and foreign bank branches; acting as an insurance agent; and provision of consultancy services in the fields of banking, finance and investment; receiving trusted funds of governments, institutions, individuals to extend credits in compliance with the SBV’s regulations.
JIVF is required to comply with Vietnam’s applicable laws in all of its operations.
This License took effect on July 25, 2018 and shall replace License No.90/GP-NHNN dated April 13, 2010, and shall be accompanied with all relevant documents to the revised License.
Le Hang