THE STATE BANK OF VIETNAM
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SOCIALIST REPUBLIC OF VIETNAM
Independence- Freedom - Happiness
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No. 112/2003/QD-NHNN
Hanoi, February 11, 2003
 
DECISION
ON THE AMENDMENT, SUPPLEMENT OF SEVERAL ARTICLES OF THE REGULATION ON THE BANK GUARANTEE ISSUED IN CONJUNCTION WITH THE DECISION NO. 283/2000/QD-NHNN14 DATED 25 AUGUST, 2000 OF THE GOVERNOR OF THE STATE BANK OF VIETNAM
THE GOVERNOR OF THE STATE BANK
- Pursuant to the Law on the State Bank of Vietnam No. 01/1997/QH10 dated 12 December, 1997 and the Law on the Credit Institutions No. 02/1997/QH10 dated 12 December, 1997;
- Pursuant to the Decree No. 86/2002/ND-CP dated 05 November, 2002 of the Government on function, assignment, authority and organizations structure of Ministries and ministerial level agencies;
- Pursuant to the Decree No. 90/1998/ND-CP dated 07 November, 1998 of the Government promulgating Regulation on the management of foreign borrowing and repayment;
- Upon the proposal of the Director of the Credit Institutions Department,
DECIDES
Article 1. To amend, supplement several Articles of the Regulation on the bank guarantee issued in conjunction with the Decision No. 283/2000/QD-NHNN14 dated 25 August, 2000 of the Governor of the State Bank as follows:
1. Article 4 shall be amended as follows:
Article 4. Customers guaranteed by credit institutions
1. Customers guaranteed by credit institutions shall be domestic and foreign organizations and individuals. Credit institutions shall not be entitled to guarantee for following persons:
a. Members of the Board of Directors, Controllers Committee, General Directors (Directors), Assistant General Directors (Deputy Directors) of credit institutions;
b. Officers, staffs of credit institutions who carry out the appraisal, make decisions on the guarantee;
c. Father, mother, wife, husband, childrens of members of the Broad of Directors, Controllers Committee, General Directors (Directors), Assistant General Directors (Deputy Directors).
d. The application of provisions as provided for in point c of this Article for guarantees who are father, mother, wife, husband, childrens of Directors, Deputy Directors of branches of credit institutions shall be considered and decided upon by credit institutions.

2. The guarantee restriction of credit institutions for customers shall be performed in accordance with provisions of Article 78 of the Law of credit institutions.