On September 9, 2019 the State Bank of Vietnam (SBV) issued Decision No. 1835/QD-NHNN revising the License of Toyota Finance Services Vietnam Company Limited.
Accordingly, the SBV Governor has approved the revision of the substances in Paragraph 3 of Article 1 of License No. 208/GP-NHNN dated July 24, 2008 for Toyota Finance Services Vietnam Company Limited, to read as follows: “Charter capital: VND 700,000,000,000.”
Toyota Finance Services Vietnam Company Limited is responsible for implementing the procedures in line with Paragraph 4 of Article 29 of the Law on Credit Institutions.
This Decision took effect from the date of signing and is an integral part of License No. 208/GP-NHNN dated July 24, 2008 for Toyota Finance Services Vietnam Company Limited. This Decision shall replace Decision No. 1638/QD-NHNN dated July 5, 2010 by the SBV Governor approving the recapitalization from VND 300 billion to VND 500 billion of Toyota Finance Services Vietnam Company Limited.
Toyota Finance Services Vietnam Company Limited is responsible for implementing the procedures of amending and supplementing its Charters in accordance with the revised charter capital, registering and publicizing the changed substance, and reporting to the SBV on the implementation (via the Banking Supervision Agency) in line with the Law on Credit Institutions and other relevant laws.
Le Hang