The Governor of the State Bank of Vietnam (SBV) issued Decision No. 1049/QĐ-NHNN on May 16, 2016 to allow Toyota Financial Services Vietnam Company Limited (TFSVN) to provide additional services written in the TFSVN’s License of the establishment and operation.
Accordingly, the SBV Governor approved the additional operations of "Lending services, including installment loans and consuming loans" to the content in Item 6.2.a Article 1 License No. 208/GP-NHNN issued by SBV Governor on the establishment and operation dated July 24, 2008 of Toyota Financial Services Vietnam Company Limited.
TFSVN is responsible for complying with Item 4 of Article 29 of the Law on Credit Institutions, Item 3 Article 18 Circular No.20/2015/TT-NHNN dated December 25, 2015 issued by the SBV Governor on regulating the licensing, organization and operation of non-bank credit institustions to the revised content; Concurrently, TFSVN is responsible for deploying the mentioned-above additional operations in line with SBV’s guidance and applicable laws.
Decision No. 1049/QĐ-NHNN took effect on the date of signing and is an integral part of License No. 208/GP-NHNN issued by the SBV Governor for Toyota Financial Services Vietnam Company Limited.
Nguyen Giang