MINISTRY OF FINANCE

Circular No. 06/2013/TT-BTC dated January 09, 2013 of the Ministry of Finance guiding the financial regime for microfinance institutions

Pursuant to the Law on Enterprises dated November 29, 2005;

Pursuant to the Law on Credit Institutions dated June 16, 2010;

Pursuant to the Decree No.57/2012/ND-CP dated 7/20/2012 of the Government on financial regime for the credit institutions and foreign bank branches;

Pursuant to the Decree No.118/2008/ND-CP dated 11/27/2008 of the Government defining the functions, tasks, powers and organizational structure of the Ministry of Finance;

At the request of the Director of Finance on Banks and Financial Institutions;

The Minister of Finance issues the Circular to guide the financial regime for microfinance institutions.

Chapter I

GENERAL PROVISIONS

Article 1. Scope of regulation

This Circular guides a number of Articles on financial regime for the microfinance institutions in Vietnam.

Financial activities of the microfinance institutions shall comply with the provisions of the Law on Credit Institutions dated June 16, 2010 (herein referred to as the Law on Credit Institutions); the Decree No.57/2012/ND-CP dated July 20, 2012 of the Government on the financial regime for the credit institutions and foreign bank branches (in the Circular referred to as the Decree No.57/2012/ND-CP); specific guidance in this Circular and other related legal documents on financial management.

Article 2. Application subjects

This Circular applies to the microfinance institutions in Vietnam that were established, organized and operating under the Law on Credit Institutions.

Chapter II

SPECIFIC PROVISIONS

Article 3. Capital of the microfinance institutions