On September 17, 2020, the State Bank of Vietnam (SBV) issued Decision No. 1670/QD-NHNN amending the Licence for the Establishment and Operations of the 100% foreign-owned Vietnam International Leasing Company Limited (VILC).
Accordingly, the SBV Governor has approved to amend Paragraph 3 of Article 1 of License No. 117/GP-NHNN dated April 24, 2008 for the Establishment and Operations of a 100% foreign-owned finance leasing company issued to VILC, to read as follows:
“3. Charter capital: 350,000,000,000 VND (three hundred and fifty billion Vietnamese dongs)
In which: contribution by KDB Finance Company is 285,773,840,623 VND; contribution by Mizuho Leasing Company is 64,226,159,377 VND”.
Amending Paragraph 1 of Article 2 of License No. 117/GP-NHNN dated April 24, 2008, to read as follows:
“1. Vietnam International Leasing Company Limited (VILC) is established as a limited liability company, and has a legal entity status under Vietnamese laws. VILC has its own official seal, with its capital contributed by foreign legal entities, namely: (a) KDB Finance Company (South Korea), with its headquarters at 30, Eunhaeng-ro, Yeongdeungpo-gu, Seoul, Korea; (b Mizuho Leasing Company Limited, with its headquarters at 2-6 Toranomon 1-chome, Minato-ku, Tokyo, Japan”.
Vietnam International Leasing Company Limited is responsible for implementing the procedures specified in Paragraph 4, 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. 117/GP-NHNN dated April 24, 2008.
Decision No. 2543/QD-NHNN dated December 04, 2012 of the SBV Governor amending and supplementing the License regarding the revision of the charter capital of Vietnam International Leasing Company Limited shall cease to be effective on the date of signing of this Decision.
VA