| THE PRIME MINISTER OF GOVERNMENT ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------ |
| No: 131/2002/QD-TTg | Hanoi, October 04, 2002 |
DECISION
ON THE ESTABLISHMENT OF THE SOCIAL POLICY BANK
THE PRIME MINISTER
Pursuant to the Law on Organization of the Government of December 25, 2001;
Pursuant to the Law on Credit Institutions of December 22, 1997;
Pursuant to the Government’s Decree No. 78/2002/ND-CP of October 4, 2002 on credit for the poor and other policy beneficiaries;
At the proposals of the Minister of the Interior, the Governor of Vietnam State Bank, the Minister of Finance, the Minister of Planning and Investment, the Minister of Labor, War Invalids and Social Affairs, and the Minister-Director of the Government’s Office,
DECIDES:
Article 1.- To establish the Social Policy Bank in order to implement credit policies towards the poor and other policy beneficiaries on the basis of reorganizing the Bank for the Poor, which was set up under Decision No. 230/QD-NH5 of September 1st, 1995 of the Governor of Vietnam State Bank.
The Social Policy Bank has the uniform managerial and executive apparatus throughout the country, is a legal person, has its charter capital, seal, property and transaction system from the central to local levels. Its office is headquartered in Hanoi capital.
Its initial charter capital is VND 5,000,000,000,000 (five thousand billion Vietnam dong), which shall be additionally allocated depending on the operation requirements of each period.
The organization and operation of the Social Policy Bank are prescribed in this Decision and its Organization and Operation Charter approved by the Prime Minister.
The operating duration of the Social Policy Bank shall be 99 years.
