Originally published February 8, 2011

Keywords: capital levels, credit institutions, Vietnam, SBV

On 26 January 2011, the Vietnamese Government issued Decree No. 10/2011/ND-CP amending and supplementing some articles of Decree No. 141/2006/ND-CP dated 22 January 2006 issuing the list of legal capital levels of credit institutions (Decree 10).

Under Decree 10, credit institutions which have been issued with an establishment and operating licence must take measures to ensure they have a minimum amount of paid-up or issued charter capital equivalent to the legal capital levels set out in the following list, no later than 31 December 2011.

During the time any credit institution has yet to satisfy the legal capital as stipulated, the State Bank of Vietnam (SBV) will not consider an extension of the operational network of such credit institution (branches, representative offices, professional units and other forms of presence stipulated by law) and any extension of its operational contents.

After 31 December 2011, the SBV will consider and issue a decision in accordance with the provisions of law dealing with any credit institution which fails to meet the legal capital level set out in Decree 10.

List of Legal Capital Levels of Credit Institutions


Form of Credit Institution

Legal Capital Level Applicable to Year 2011




Commercial banks



State commercial banks

VND 3,000 billion


Joint stock commercial banks

VND 3,000 billion


Joint venture banks

VND 3,000 billion


Banks with 100% foreign-owned capital

VND 3,000 billion


Foreign bank branches

USD 15 million


Policy banks

VND 5,000 billion


Investment banks

VND 3,000 billion


Development banks

VND 5,000 billion


Co-operative banks

VND 3,000 billion


People's Credit Funds



Central People's Credit Funds

VND 3,000 billion


Grass-roots People's Credit Funds

VND 100 million


Non-banking credit institutions


Finance companies

VND 500 billion


Finance leasing companies

VND 150 billion


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