THE STATE BANK
-------
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
------------
No: 06/2003/TT-NHNN
Hanoi, April 10, 2003
 CIRCULAR
GUIDING SOME CONTENTS ON CAPITAL CONTRIBUTION FOR SETTING UP CREDIT GUARANTEE FUNDS FOR SMALL- AND MEDIUM-SIZED ENTERPRISES BY CREDIT INSTITUTIONS UNDER THE PRIME MINISTER'S DECISION NO. 193/2001/QD-TTG AND THE GOVERNMENT'S RESOLUTION NO. 02/2003/NQ-CP OF JANUARY 17, 2003
In furtherance of the Prime Minister's Decision No. 193/2001/QD-TTg issuing the Regulation on the setting up, organization and operation of credit guarantee funds for small- and medium-sized enterprises and the Government's Resolution No. 02/2003/NQ-CP of January 17, 2003 on some major undertakings and solutions requiring concentrated direction for the performance of the 2003 socio-economic development tasks, the State Bank hereby guides the realization of some contents related to capital contribution for setting up credit guarantee funds for small- and medium-sized enterprises (hereinafter referred to as credit guarantee funds) by credit institutions as follows:
I. CAPITAL CONTRIBUTION BY CREDIT INSTITUTIONS TO CREDIT GUARANTEE FUNDS
Credit institutions shall base themselves on their charter capital and reserve funds, as well as the situation on the use of charter capital and reserve funds for credit institutions' activities as prescribed by the Law on Credit Institutions and the development of small- and medium-sized enterprises in their localities to decide the contribution of capital to credit guarantee funds set up by the provincial/municipal People's Committees. In cases where it is difficult to use the above-stated capital sources, credit institutions may use the source of long-term mobilized capital to contribute capital for setting up credit guarantee funds. When credit institutions use the source of long-term mobilized capital to contribute capital for setting up credit guarantee funds, they shall have to work out plans on replacing such long-term mobilized capital source with the sources of charter capital and reserve funds for a maximum duration of 10 years.
- The proportion of capital contributed by a credit institution to one credit guarantee fund to the charter capital of such credit guarantee fund must not exceed the following percentages: