Operation duration of a non-bank credit institution is no more than 50 years at the maximum

On December 25, 2015, the State Bank of Vietnam issued the Circular No. 30/2015/TT-NHNN on regulations on issuing the licenses, organization and operation of non-bank credit institutions; within that, the most important content is the requirements for licensing joint stock non-bank credit institutions. Accordingly, the founding shareholders must have at least two founding shareholders as organizations, […]