On December 12, the State Bank of Vietnam (SBV) made an important amendment to the charter capital content in the Establishment and Operation License of the Vietnam-Russia Joint Venture Bank (VRB).
Decision No. 756/QD-TTGSNH1, issued by the SBV, updated the charter capital details in VRB’s license, originally granted on September 18, 2018. The new charter capital amount stands at $170,202,020 (one hundred and seventy million, two hundred and two thousand, and twenty US dollars).
The Joint Stock Commercial Bank for Investment and Development of Vietnam represents the Vietnamese side, contributing $84,250,000 (eighty-four million, two hundred and fifty thousand US dollars), equivalent to 49.5% of the charter capital. NGS Telecommunication and Equipment Joint Stock Company adds $1,702,020 (one million, seven hundred and two thousand, and twenty US dollars), amounting to 1%. Meanwhile, the Russian Federation, represented by VTB Bank (Public Joint-Stock Company), contributes an equal amount of $84,250,000, also making up 49.5% of the charter capital.
This significant amendment has been widely publicized through the prescribed information disclosure media, ensuring transparency and compliance with regulatory requirements.
Appointment of the New Head of the Office of the State Bank of Vietnam: A Step Towards Progress
The State Bank of Vietnam has announced several key appointments and decisions made by the Governor. These include the appointment of the new Head of the Forecasting and Statistics Department, the Chief of the Office of the State Bank, the Chairman of the Management Board of the Vietnam National Credit Information Center (CIC), and the Deputy General Director of CIC. Additionally, the Governor has assigned an acting General Director for CIC. These strategic moves underscore the State Bank’s commitment to strengthening its leadership and management capabilities.
Vice Governor of the State Bank of Vietnam Dao Minh Tu: 15% Credit Growth Target is Attainable
At the regular Government press conference for November 2024, held on the afternoon of December 7th, a representative from the State Bank of Vietnam (SBV) addressed queries regarding the feasibility of achieving a 15% credit growth target for the year 2024.
Unraveling the Complex Web of Cross-Ownership and Bank Overholding
Although the Law on Credit Institutions has reduced the maximum ownership ratio of organizational and individual shareholders in banks, it is not easy to handle the excess ownership ratio overnight.
The Final Verdict: Unraveling the Story of Trương Mỹ Lan and Her Accomplices
After the prosecution maintained the death penalty for Truong My Lan, the court gave the defendants a chance to make their final statements before deliberating. The verdict will be announced on December 3rd.
The Final Verdict: Unraveling the Fate of Truong My Lan and Her Accomplices
After the prosecution maintained the death penalty for Truong My Lan, the judges allowed the defendants to have their final words and adjourned to consider their verdict. The verdict will be announced on December 3rd.
