THE STATE BANK OF
VIETNAM

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No.: 10/2011/TT-NHNN
SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

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Hanoi, April 22, 2011
 
CIRCULAR
STIPULATING THE CRITERIA FOR SELECTING STRATEGIC SHAREHOLDERS TO THE EQUITIZED STATE-OWNED COMMERCIAL BANKS
THE STATE BANK OF VIETNAM
Pursuant to the Law on State Bank of Vietnam No. 46/2010/QH12 June 16, 2010;
Pursuant to the Law on Credit Institutions No. 47/2010/QH12 June 16, 2010;
Pursuant to the Decree No.96/2008/ND-CP August 26, 2008 of the Government regulating functions, tasks, powers and organizational structure of the State Bank of Vietnam;
Pursuant to the Decree No.
109/2007/ND-CP dated June 26,2007 of the Government on conversion of enterprises with 100% state owned capital into shareholding companies;
Pursuant to the Decree No.69/2007/ND-CP dated April 20, 2007 of the Government on the purchase of shares of Vietnamese commercial banks by foreign investors;
According to the guidance of the Prime Minister in the official dispatch No.7054/VPCP-DMDN dated October 12, 2009 of the Government's Office on the criteria for selecting strategic shareholders to the equitized state-owned commercial banks;
The State Bank of Vietnam (hereinafter called as the State Bank) stipulating the criteria for selecting strategic shareholders to the equitized state-owned commercial banks as follows:
Article 1. Scope and subjects of application
1. This Circular stipulating the criteria for selecting strategic shareholders to the equitized state-owned commercial banks.
The approval of strategic shareholders to the state-owned commercial banks is implemented according to provisions in Decree No.109/2007/ND-CP dated 26/6/2007 of the Government on conversion of enterprises with 100% state owned capital into shareholding companies and other provisions of relative law.
2. This Circular applies to the equitized state-owned commercial banks, including:

>> See also:  Consultancy service on procedure to summon a General meeting of shareholders

a) The state-owned commercial banks being-equitized;
b) The state-owned commercial banks equitized but have not yet listed in the stock market;
c) The state-owned commercial banks equitized and listed in the stock market.

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