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Finance companies to hike chartered capital

23-Mar-2009 Intellasia | 20/Mar/2009 State Bank of Vietnam | 6:28 PM

The State Bank of Vietnam (SBV)’s governor on March 19 issued a Decision No 579/QD-NHNN and another Decision No 580/QD-NHNN allowing two more finance companies namely Vinashin Finance Co (VFC) and Garment and Textile Finance Co to scale up chartered capital.

Accordingly, VFC will increase chartered capital to 1.323 trillion dong from the current 1.023 trillion dong and Garment and Textile Finance Co will hike its chartered capital from 234 billion dong to 300 billion dong.

These companies are also allowed to adjust operation and organisation regulations according to the new chartered capital.

Earlier, the central bank issued a Decision No 567/QD-NHNN allowing the Vinacomin Finance One Member Ltd Co to raise the chartered capital from 600 billion dong to one trillion dong.

These finance companies must register the new capital to state authorities and publicise information under current regulations.


Category: Finance

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