THE GOVERNMENT
SOCIALIST REPUBLIC OF VIETNAM
Independence- Freedom- Happiness
No. 28/2005/ND-CP
Hanoi, March 9, 2005
 
DECREE
ON ORGANIZATION AND OPERATION OF SMALL-SIZED FINANCIAL INSTITUTIONS IN VIETNAM
THE GOVERNMENT
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to the December 12, 1997 Vietnam State Bank Law and the June 17, 2003 Law Amending and Supplementing a Number of Articles of the Vietnam State Bank Law;
Pursuant to the December 12, 1997 Credit Institutions Law and the June 15, 2004 Law Amending and Supplementing a Number of Articles of the Credit Institutions Law;
At the proposal of the Governor of Vietnam State Bank,
 
DECREES:
Chapter I
GENERAL PROVISIONS
Article 1. Governance scope and application subjects
1. This Decree provides for organization and operation of small-sized financial institutions in Vietnam.
2. Subjects allowed to set up small-sized financial institutions
Organizations, which are allowed to set up small-sized financial institutions in Vietnam under law provisions, include:
a) Vietnamese socio-political organizations, social organizations, socio-professional organizations, charity funds and social funds;
b) Vietnamese non-governmental organizations.
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