On February 13, 2020, the State Bank of Vietnam (SBV) issued Document No. 762/NHNN-TTGSNH approving in principle the change of the legal status of VPBank Finance Company Limited (VPB FC).
Specifically, the SBV approved VBP FC to be changed from a one-member limited company to a joint stock company.
VPB FC is responsible for publicizing the change of its legal status and implementing the procedures of requesting for the SBV’s approval of its legal status change in line with Circular No. 36/2015/TT-NHNN dated December 31, 2015 of the SBV stipulating the restructuring of the credit institutions and other relevant regulations.
Le Hang