This Decree states that credit institutions which are issued with establishment and operation license shall be required to take measures to ensure having the actually contributed or appropriated charter capital at least equivalent to the legal capital level provided for in the List enclosed in the document. During the time when credit institutions have not ensured the legal capital level as required, the State Bank of Vietnam shall not consider the expansion of operation network and the expansion of operation contents of credit institutions. This Decree will be effective from 15 March 2011.
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