The Governor of the State Bank of Vietnam issued Documents No. 6304, 6305, 6306 và 6307/NHNN-TTGSNH on August 9 to approve in principle the establishment of several people’s credit funds upon the request of SBV municipal and provincial branches.
Accordingly, the SBV Governor approve in principle to establish following people’s credit funds:
Ky Xuan people’s credit fund, Ky Xuan commune, Ky Anh district, Ha Tinh province;
Ngoc Son people’s credit fund, Ngoc Son commune, Thach Ha district, Ha Tinh province;
Loc Nam people’s credit fund, Loc Nam commune, Bao Lam district, Lam Dong province;
Chuyen Ngoai people’s credit fund, Chuyen Ngoai commune, Duy Tien district, Ha Nam province;
Huong Lung people’s credit fund, Huong Lung commune, Cam Khe district, Phu Tho province.
The establishment of the mentioned-above people’s credit funds is required to comply with Law on Credit Institutions, Circular No. 04/2015/TT-NHNN dated March 31, 2015 on people’s credit funds and other relevant laws.
The SBV Governor assigned Directors of SBV branches in the locations where people’s credit funds are established to proactively grant license to those people’s credit funds and be responsible for implementing assigned task.
Le Hang