THE STATE BANK OF VIETNAM
Circular No. 27/2014/TT-NHNN dated September 18, 2014 of the Government on amending, supplementing a number of Articles of the Circular No. 16/2010/TT-NHNN dated June 25, 2010 guiding the implementation of the Decree No. 10/2010/ND-CP dated February 12, 2010 of the Government on credit information and related activities
Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12 dated June 16, 2010;
Pursuant to the 1997 Law on Credit Institutions No. 47/2010/QH12 dated June 16, 2010;
Pursuant to the 2005 Business Law;
Pursuant to the Government’s Decree No. 156/2013/ND-CP dated November 11, 2013, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;
Pursuant to the Government’s Decree No. 10/2010/ND-CP of February
12, 2010, on credit information-related activities;
At the proposal of the General Director of the National Credit Information Center
The State Bank Governor of Vietnam promulgates the Circular on amending, supplementing a number of Articles of the Circular No. 16/2010/TT-NHNN dated June 25, 2010 guiding the implementation of the Decree No. 10/2010/ND-CP dated February 12, 2010 of the Government on credit information - related activities
Article 1. To amend, supplement a number of Articles under the Circular No. 16/2010/TT-NHNN as follows:
1. To amend, supplement Clause 3 Article 4 as follows:
“3. Having managerial staff including persons with professional qualifications in finance, banking or information technology, specifically:
a) For members of the Board of Directors or the Members’ Council or partnership members:
They must possess a university or postgraduate degree, with at least a half of total members possessing a degree in finance, banking or information technology and they have worked for at least 3 years in finance, banking or information technology.
b) For the president of the Board of Management, President of Member’s Council
They must possess a university or postgraduate degree in finance, banking or information technology and have worked for at least 3 years in finance, banking or information technology.
c) For Director General (Director)
