On October 07, 2022, the Governor of the State Bank of Vietnam (SBV) issued Decision No. 1708/QD-NHNN revising the License for the Establishment and Operations of Vietnam International Leasing Company Limited (VILC).
Specifically, the SBV Governor has decided to revise Paragraphs 1 and 2 of Article 3 of the License for the Establishment and Operations of a 100% foreign owned finance leasing company No. 117/GP-NHNN dated April 24, 2008 issued by the SBV Governor to VILC, specifically as follows:
1. Amending Point a, Paragraph 1 of Article 3, to read as follows: “a) Receiving deposits of institutions.”
2. Amending Point c, Paragraph 1 of Article 3, to read as follows: “c) Issuing certificates of deposit, promissory notes, bills, and bonds to raise capital from institutions.”
3. Amending Point dd, Paragraph 2 of Article 3, to read as follows: “dd) Providing consulting services in the field of banking, finance and investment to the finance lessees.”
The SBV Governor has also decided to supplement Points i, k, l and m to Paragraph 2 of Article 3 of the License for the Establishment and Operations of a 100% foreign owned finance leasing company No. 117/GP-NHNN dated April 24, 2008 issued by the SBV Governor to VILC, to read as follows:
“i) Participating in the Treasury bill auctions organized by the SBV;
k) Buying and selling government bonds;
l) Acting as an insurance agency;
m) Depositing money at the credit institutions, the foreign bank branches in accordance with provisions of law.”
VILC shall be responsible for implementing the procedures as prescribed for in Paragraph 4 of Article 29 of the 2010 Law on Credit Institutions (as amended and supplemented) and other relevant provisions of law regarding the above revised substances.
This Decision took effect from the date of signing and is an integral part of the License for the Establishment and Operations of a 100% foreign owned finance leasing company No. 117/GP-NHNN dated April 24, 2008 issued by the SBV Governor to VILC.
LK