This Decree is pursuant to the Law on Organization of the Government, Law on the State Bank of Vietnam and the Law on Credit Institutions. This Decree aims to promulgate together a list of legal capital levels of credit institutions established and operating in Vietnam.
In this document The State Bank Governor is assigned to handle, even withdraw establishment and operation licenses of credit institutions that have their actually contributed or allocated legal capital amounts lower than legal capital levels stipulated for their respective types. This Decree takes effect 15 days after its publication and replaces the Government Decree No. 82/1998/ND-CP of October 3, 1998.