On February 08, 2023, the Governor of the State Bank of Vietnam (SBV) issued Decision No. 174/QD-NHNN announcing a number of amendments and supplementations of the administrative procedures related to banks’ establishment and operations, which are performed at the Single Window under the SBV’s jurisdiction.
Specifically, the list of administrative procedures that have been amended and supplemented, which are performed at the SBV (the Banking Supervision Agency), includes:
“The procedures for requesting a change in the charter capital of the Co-operative Bank of Vietnam (Co-opBank)”;
“The procedures for the approval of a name change of Co-opBank”;
“The procedures for the approval of a change in the substances and/or the scope of operations of Co-opBank”;
“The procedures for the approval of a change of the intended personnel of Co-opBank”;
“The procedures for the announcement of a head office address change (not changing the physical location) of Co-opBank”;
“The procedures for the approval of a head office address change of Co-opBank”.
The list of administrative procedures which are performed at the SBV provincial and municipal branches includes:
“The procedures for requesting a change in the charter capital of a People's Credit Fund”;
“The procedures for the approval of a name change of a People's Credit Fund”;
“The procedures for the approval of a change in the substances and/or the scope of operations of a People's Credit Fund”;
“The procedures for the approval of a change of the intended personnel of a People's Credit Fund”;
“The procedures for the announcement of a head office address change (not changing the physical location) of a People's Credit Fund”;
“The procedures for the approval of a head office address change of a People's Credit Fund”.
The above-mentioned amendments and supplementations of the administrative procedures are related to banks’ establishment and operations, and are implemented in line with Circular No. 22/2022/TT-NHNN dated December 30, 2022 of the SBV Governor amending and supplementing a number of Articles of Circular No. 05/2018/TT-NHNN dated March 12, 2018 of the SBV Governor regulating the dossiers, the sequence, and the procedures for the approval of the changes, the list of intended personnel for voting, and the appointment of personnel by a cooperative credit institution.
Decision No. 174/QD-NHNN takes effect from March 01, 2023 and shall amend and supplement:
(i) The administrative procedures under the following codes: 1.001660, 1.001644, 1.001579, 1.001559, which were previously announced in Decision No. 2562/QD-NHNN dated December 11, 2019;
(ii) The administrative procedures under the following codes: 1.001707, 1.001683, 1.001689, 1.001697, 1.001635, 1.001616, 1.001621, 1.001627, which were previously announced in Decision No. 891/QD-NHNN dated May 07, 2018.
LK