Is trực tiếp bóng đá euro hôm nay State Bank's document on amendments to a license a part of trực tiếp bóng đá euro hôm nay license for establishment and operation of a credit institution in Vietnam?

Is trực tiếp bóng đá euro hôm nay State Bank's document on amendments to a license a part of trực tiếp bóng đá euro hôm nay license for establishment and operation of a credit institution in Vietnam?

Pursuant to Clause 15 Article 4 of trực tiếp bóng đá euro hôm nay Law on Credit Institutions in 2024:

Definition of terms

In this Law, trực tiếp bóng đá euro hôm nay terms below are construed as follows:

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14. “Provision of account-to-account (A2A) payment services” means provision of payment instrument; provision of service of payment by check, payment order, collection order, bank card or another payment service for each client via their account.

15. “License” may be a license for establishment and operation of a credit institution, or license for establishment of a foreign bank’s branch or license for establishment of a foreign representative office which is issued by trực tiếp bóng đá euro hôm nay State Bank of Vietnam. trực tiếp bóng đá euro hôm nay State Bank's document on amendments to a license is an integral part of trực tiếp bóng đá euro hôm nay license.

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As regulated above, license includes following types:

- A license for establishment and operation of a credit institution

- A license for establishment of a foreign bank’s branch

- A license for establishment of a foreign representative office which is issued by trực tiếp bóng đá euro hôm nay State Bank of Vietnam

trực tiếp bóng đá euro hôm nay State Bank's document on amendments to a license is an integral part of trực tiếp bóng đá euro hôm nay license. Therefore, trực tiếp bóng đá euro hôm nay State Bank's document on amendments to a license is a part of trực tiếp bóng đá euro hôm nay license for establishment and operation of a credit institution in Vietnam.

Is trực tiếp bóng đá euro hôm nay State Bank's document on amendments to a license a part of trực tiếp bóng đá euro hôm nay license for establishment and operation of a credit institution in Vietnam? - image from internet

What are requirements for a credit institution to obtain trực tiếp bóng đá euro hôm nay license in Vietnam?

Pursuant to Clause 1 Article 29 of trực tiếp bóng đá euro hôm nay Law on Credit Institutions in 2024 stipulating requirements for issuance of licenses:

Requirements for issuance of licenses

1. A credit institution may obtain a license when fully meeting trực tiếp bóng đá euro hôm nay following requirements:

a) Its charter capital is not smaller than trực tiếp bóng đá euro hôm nay legal capital;

b) Its owner is a single-member limited liability company and its founding shareholders or members are juridical persons that are legally operating and financially capable for capital contribution. Its founding shareholders or members are individuals that have full legal capacity and are financially capable for capital contribution;

c) Its managers, executives and members of trực tiếp bóng đá euro hôm nay Board of Controllers fully meet trực tiếp bóng đá euro hôm nay criteria and requirements under Article 41 of this Law;

d) Its Charter complies with this Law and other relevant laws;

dd) It has an establishment plan and a feasible business plan which neither affect trực tiếp bóng đá euro hôm nay safety and stability of trực tiếp bóng đá euro hôm nay credit institution system nor create monopoly or restrict competition or create unfair competition within trực tiếp bóng đá euro hôm nay credit institution system.

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As regulated above, acredit institution may obtain a license when fully meeting trực tiếp bóng đá euro hôm nay following requirements:

- Its charter capital is not smaller than trực tiếp bóng đá euro hôm nay legal capital;

- Its owner is a single-member limited liability company and its founding shareholders or members are juridical persons that are legally operating and financially capable for capital contribution;

- Its founding shareholders or members are individuals that have full legal capacity and are financially capable for capital contribution;

- Its managers, executives and members of trực tiếp bóng đá euro hôm nay Board of Controllers fully meet trực tiếp bóng đá euro hôm nay criteria and requirements as prescribed by law;

- Its Charter complies with this Law and other relevant laws;

- It has an establishment plan and a feasible business plan which neither affect trực tiếp bóng đá euro hôm nay safety and stability of trực tiếp bóng đá euro hôm nay credit institution system nor create monopoly or restrict competition or create unfair competition within trực tiếp bóng đá euro hôm nay credit institution system.

In which cases shall trực tiếp bóng đá euro hôm nay State Bank of Vietnam revoke trực tiếp bóng đá euro hôm nay license issued to credit institutions?

Pursuant to Article 36 of trực tiếp bóng đá euro hôm nay Law on Credit Institutions in 2024, trực tiếp bóng đá euro hôm nay State Bank shall revoke a license when:

- trực tiếp bóng đá euro hôm nay application for license contains false information in order to be eligible for obtainment of trực tiếp bóng đá euro hôm nay license;

- trực tiếp bóng đá euro hôm nay credit institution is divided or acquired; undergoes amalgamation, dissolution, bankruptcy or change in legal forms;

- trực tiếp bóng đá euro hôm nay credit institution, foreign bank’s branch or foreign representative office operates at variance with its license;

- trực tiếp bóng đá euro hôm nay credit institution or foreign bank’s branch seriously violates trực tiếp bóng đá euro hôm nay law on compulsory reserves and safety ratios;

- trực tiếp bóng đá euro hôm nay credit institution or foreign bank’s branch fails to abide by or fully abide by trực tiếp bóng đá euro hôm nay State Bank's decisions to assure safety for banking operations;

- trực tiếp bóng đá euro hôm nay foreign credit institution or another foreign institution which is engaged in banking operations and commercially present in Vietnam is dissolved or goes bankrupt or has its license revoked or has its operation suspended by a competent authority of trực tiếp bóng đá euro hôm nay country where it is headquartered.

Best regards!