THE MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No. 93/2004/TT-BTC
Hanoi, September 29, 2004
 
CIRCULAR
GUIDING A NUMBER OF CONTENTS OF THE REGULATION ON SETTING UP, ORGANIZATION AND OPERATION OF CREDIT GUARANTEE FUNDS FOR SMALL- AND MEDIUM-SIZED ENTERPRISES
Pursuant to the Government's Decree No. 77/2003/ND-CP of July 1, 2003 defining the functions, tasks, powers and organizational structure of the Finance Ministry;
Pursuant to the Prime Minister's Decision No. 193/2001/QD-TTg of December 20, 2001 promulgating the Regulation on setting up, organization and operation of credit guarantee funds for small- and medium-sized enterprises;
Pursuant to the Prime Minister's Decision No. 115/2004/QD-TTg of June 25, 2004 amending and supplementing the Regulation on setting up, organization and operation of credit guarantee funds for small- and medium-sized enterprises, promulgated together with the Prime Minister's Decision No. 193/2001/QD-TTg of December 20, 2001;
The Finance Ministry hereby guides the implementation of a number of contents as follows:
Chapter I
SETTING UP, ORGANIZATION AND ADMINISTRATION OF CREDIT GUARANTEE FUNDS
1. Conditions for setting up a credit guarantee fund
- Having a scheme on setting up of a credit guarantee fund already approved by the president of a provincial/municipal People's Committee. The scheme contents must prove the credit guarantee demands of small- and medium-sized enterprises operating in the locality, and the feasible plan on organization and operation of the credit guarantee fund for the first three years.
- Having enough charter capital of at least VND 30 billion allocated by the provincial/municipal budget and/or contributed by organizations and individuals at home and abroad.
- Having a list of the expected personnel of the management council, the control board and the executive board, who have the full civil act capacity, university degrees and at least 5 years' experience of working in the economic or finance-banking domain.
- Having a draft charter compliant with the provisions of Article 6 of the Regulation on setting up, organization and operation of credit guarantee funds, promulgated together with the Prime Minister's Decision No. 193/2001/QD-TTg and other law provisions.