Circular No. 30/2018/TT-NHNN of the State Bank of Vietnam on guiding the determination of state capital of equitized enterprises being credit institutions

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Circular No. 30/2018/TT-NHNN of the State Bank of Vietnam on guiding the determination of state capital of equitized enterprises being credit institutions
Issuing body: State Bank of VietnamEffective date:
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Official number:30/2018/TT-NHNNSigner:Dao Minh Tu
Type:CircularExpiry date:Updating
Issuing date:12/12/2018Effect status:
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Fields:Enterprise , Finance - Banking

SUMMARY

Determination of state capital of equitized enterprises being credit institutions

The State Bank of Vietnam issues the Circular No. 30/2018/TT-NHNN on guiding the determination of state capital of equitized enterprises being credit institutions.

According to the Circular, equitized enterprises being credit institutions, including: Single-member limited liability companies with 100% state-owned charter capital; Single-member limited liability companies with 100% state enterprise-invested charter capital.

State capital of equitized enterprises being credit institutions is determined as the balance of the following accounts:

Charter capital; Capital for investment in capital construction and procurement of fixed assets; Other capital; Reserve fund for charter capital addition; Development investment fund; Financial reserve fund with the account code 601, 602, 609, 611, 612, 613 respectively.

A noticeable content is that the account balance (if any) of the Support Funds for Enterprise Reorganization at equitized enterprises being credit institutions is regarded as state capital.

This Circular is issued on December 12, 2018 and takes effect on March 1, 2019.

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Effect status: Known

THE STATE BANK OF VIETNAM

THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

No. 30/2018/TT-NHNN

Hanoi, December 12, 2018

CIRCULAR

Guiding the determination of state capital of equitized enterprises being credit institutions[1]

Pursuant to the June 16, 2010 Law on the State Bank of Vietnam;

Pursuant to the November 26, 2014 Law on Management and Use of State Capital Invested in Production and Business at Enterprises;

Pursuant to the Government’s Decree No. 16/2017/ND-CP of February 17, 2017, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;

Pursuant to the Government’s Decree No. 126/2017/ND-CP of November 16, 2017, on transformation of state enterprises and single-member limited liability companies with 100% state enterprise-invested charter capital into joint-stock companies;

At the proposal of the Director General of the Finance and Accounting Department;

The Governor of the State Bank of Vietnam promulgates the Circular guiding the determination of state capital of equitized enterprises being credit institutions.

Article 1. Scope of regulation and subjects of application

1. Scope of regulation

This Circular guides the determination of state capital of equitized enterprises being credit institutions prescribed at Point b, Clause 2, Article 31 of the Government’s Decree No. 126/2017/ND-CP of November 16, 2017, on transformation of state enterprises and single-member limited liability companies with 100% state enterprise-invested charter capital into joint-stock companies (below referred to as Decree No. 126/2017/ND-CP).

2. Subjects of application

a/ Equitized enterprises being credit institutions, including:

(i) Single-member limited liability companies with 100% state-owned charter capital prescribed in Clause 2, Article 2 of Decree No. 126/2017/ND-CP, which are credit institutions;

(ii) Single-member limited liability companies with 100% state enterprise-invested charter capital prescribed in Clause 3, Article 2 of Decree No. 126/2017/ND-CP, which are credit institutions;

b/ Owners’ representative agencies and agencies, organizations and individuals involved in the determination of state capital of equitized enterprises being credit institutions prescribed at Point a of this Clause.


[1] Công Báo Nos 1159-1160 (28/12/2018)

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