Can I read Non-Bank Credit Institution Opening Update on EtoBox?
Non-Bank Credit Institution Opening Update by Hà Nguyễn Hưng is a document available to read on EtoBox.
What is Non-Bank Credit Institution Opening Update about?
Circular 05/2023/TT-NHNN updates the opening procedure for non-bank credit institutions, requiring them to submit necessary documents to the State Bank of Vietnam at least 15 days before their opening day. The policy, effective from August 6, 2023, removes the regional division of authority and mandates that institutions must begin operations within 12 months after licensing or risk license revocation. This circular aims to streamline the engagement of new non-bank credit institutions in the market.
- Author
- Hà Nguyễn Hưng
- Language
- EN