Circular No. 100/2002/TT-BTC dated November 4, 2002 of the Ministry of Finance guiding the additional allocation of charter capital to State-run Commercial Banks

CIRCULAR

GUIDING THE ADDITIONAL ALLOCATION OF CHARTER CAPITAL TO STATE-RUN COMMERCIAL BANKS

Pursuant to Decision No. 453/QD-TTg of June 14, 2002 on the issuance of Governments bonds for the additional allocation of charter capital to State-run commercial banks in the 2002-2004 period and the Governments Official Dispatch No. 36/CP-KTTH of July 15, 2002 on the plan to additionally allocate charter capital to State-run commercial banks, the Ministry of Finance hereby guides the implementation of a number of contents as follows:

I. GENERAL PROVISIONS:

1. State-run commercial banks (hereafter abbreviated to SCBs), which are entitled to the additional allocation of charter capital in the 2002-2004 period under the Governments Official Dispatch No. 36/CP-KTTH of July 15, 2002, include: The Foreign Trade Bank of Vietnam, the Industrial and Commercial Bank of Vietnam, Vietnam Bank for Investment and Development, Vietnam Bank for Agriculture and Rural Development, and the Mekong River Delta Housing Development Bank.

2. Sources for the additional allocation of charter capital shall comply with the provisions at Point 1.b of the Governments Official Dispatch No. 36/CP-KTTH of July 15, 2002 on the plan to additionally allocate charter capital to SCBs.

3. Special bonds mean the Governments bonds issued in Vietnam dong by mode of book-entry voucher for the additional allocation of charter capital to SCBs under the Prime Ministers Decision No. 453/QD-TTg of June 14, 2002. Special bonds held by SCBs shall be considered their assets, which may be used for pledge in their credit relations with the State Bank.

II. SPECIFIC PROVISIONS:

1. Conditions for being entitled to the additional allocation of charter capital:

In order to be entitled to the additional allocation of charter capital according to the time table already approved by the Prime Minister, SCBs must meet the following conditions:

1.1. Strictly complying with the schedule on the handling of outstanding debts under the scheme already approved by the State Bank Governor.