THE STATE BANK
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 06/2002/TT-NHNN
Hanoi, December 23, 2002
 CIRCULAR
GUIDING THE IMPLEMENTATION OF THE GOVERNMENT'S DECREE No. 79/2002/ND-CP OF OCTOBER 4, 2002 ON THE ORGANIZATION AND OPERATION OF FINANCIAL COMPANIES
On October 4, 2002, the Government issued Decree No.79/2002/ND-CP on the organization and operation of financial companies, the State Bank hereby guides the implementation of a number of articles of the Decree within its jurisdiction as follows:
Section I. GENERAL PROVISIONS
1. Scope of regulation:
1.1. This Circular guides in detail a number of contents in the Government's Decree No. 79/2002/ND-CP of October 4, 2002 on the organization and operation of financial companies (hereinafter called Decree No. 79/2002/ND-CP for short).
1.2. The State Bank shall issue separate documents guiding the following contents related to the organization and operation of financial companies:
a) The Regulation on the Managing Board, controllers and managers;
b) The stipulations on criteria of professional ethics, professional qualifications, managerial capability of the Managing Board, the Control Board and the managers;
c) The regulation on shareholders, shares, share certificates and charter capital;

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d) The regulation on opening and terminating the operation of, branches and representative offices;
e) The regulation on forfeiting and factoring activities.
2. Types of financial companies:
The financial companies constitute a type of non-bank credit institutions, being Vietnamese legal persons and practicing independent cost accounting. Financial companies are set up and operate in Vietnam in the following types:
 

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