Intellasia News Services -- 100% foreign owned financial leasing firm gains business license

100% foreign owned financial leasing firm gains business license
Source: 30-APR-2008 Intellasia | 28/Apr/2008 SBV
30 Apr, 2008 - 7:00:00 AM
State Bank of Vietnam (SBV)'s governor on April 24 granted 70-year business license No 117/GP-NHNN to 100%-invested Vietnam International Financial Leasing Co (VILC).

VILC, the first finance leasing company in Vietnam, was established under the limited company model with full legal entity status and private seal under the Vietnamese law with a chartered capital of US$5 million. Of which, KDB Finance Co invested US$3 million, Natixis Bank invested US$1 million and Aozora Bank contributed US$1 million.

Under the regulation, VILC will have full ranges of banking and financial sectors like capital mobilisation, bonds, C/Ds and valuable papers issue with term of over one-year to mobilise capital from domestic and foreign institutions and individuals, financial leasing, operation leasing, financial consulting services, asset management and other fields under the SBV's regulations.