THE STATE BANK
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 24/2003/QD-NHNN
Hanoi , January 7, 2003
 
DECISION
PROMULGATING THE REGULATION ON OPENING AND TERMINATION OF OPERATION OF BRANCHES AND REPRESENTATIVE OFFICES OF NON-BANK CREDIT INSTITUTIONS
THE STATE BANK GOVERNOR
Pursuant to State Bank Law No. 01/1997/QH10 and Credit Institution Law No. 02/1997/QH10 of December 12, 1997;
Pursuant to the Government's Decree No. 86/2002/ND-CP of November 5, 2002 defining the functions, tasks, powers and organizational structure of the ministries and ministerial-level agencies;
Pursuant to the Government's Decree No. 16/2001/ND-CP of May 2, 2001 on the organization and operation of financial leasing companies;
Pursuant to the Government's Decree No. 79/2002/ND-CP of October 4, 2002 on the organization and operation of financial companies;
At the proposal of the director of the Department for Banks and Non-Bank Credit Institutions,
DECIDES:
Article 1.- To promulgate together with this Decision the Regulation on opening and termination of operation of branches and representatives offices of non-bank credit institutions.
Article 2.- This Decision takes effect 15 days after its signing.
Article 3.- The director of the Office, the director of the Department for Banks and Non-Bank Credit Institutions, the heads of the units, of the State Bank, the directors of the State Bank's branches in the provinces or centrally-run cities, the Managing Board chairmen and general directors (directors) of the non-bank credit institutions shall have to implement this Decision.
 
FOR THE STATE BANK GOVERNOR
DEPUTY GOVERNOR




Tran Minh Tuan
 
REGULATION
ON OPENING AND TERMINATION OF OPERATION OF BRANCHES AND REPRESENTATIVE OFFICES OF NON-BANK CREDIT INSTITUTIONS?
(Promulgated together with the State Bank Governor's Decision No. 24/2003/QD-NHNN of January 7, 2003)
Chapter I
GENERAL PROVISIONS
Article 1.-
1. This Regulation shall apply to the opening and the termination of operation of domestic branches and representative offices of non-bank credit institutions established and operating in Vietnam.