Small Financial Institutions Must Have $312.5 Mln in Legal Capital
Small-scaled financial institutions in Vietnam must have legal capital of at least VND5 billion, according to the amended decree just released by the government of Vietnam.
These institutions must operate under the form of limited liability companies.
Customers who want to borrow loans from the small-scaled financial institutions must have a compulsory savings. The financial institutions can use the compulsory savings to guarantee customers’ loans. (VNA)
Vietnamese
