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 On 06.04.2013, the Governor of the State Bank has signed a license for the establishment of the Cooperative Bank of Vietnam at the request of the Peoples Credit Fund Central.

 Accordingly, the Cooperative Bank of Vietnam has its headquarters in Building 15T Nguyen Thi Dinh, Trung Hoa Ward, Cau Giay Dist. Hanoi.

 The bank has a charter capital of VND 3,000 billion, including capital support from the state, capital of the Peoples Credit Fund members and other entities.

 The duration of operation of the Cooperative Bank of Vietnam is 99 years

Cooperative Bank of Vietnam has scope over the whole territory of Vietnam, the unit was established network in the country and abroad to be approved by the State Bank in writing.

Regarding the content, scope, Cooperative Bank of Vietnam is open deposit accounts to its members as peoples credit funds, deposit, loan capital regulation for Peoples Credit Funds members as capital conditioning Regulation Board Cooperative Bank through public and to all the Peoples Credit Fund members, construction, development and application of products, new services the activities of the Peoples Credit Fund members to meet the needs of its members and peoples credit funds for community development interests in the area after being licensed by the State Bank.

For customers not peoples credit fund members, the Cooperative Bank of Vietnam was recognized term deposits, term deposits, savings deposits, demand deposits and other deposits other organizations and individuals lending to customers is not the peoples credit fund members have priority to meet the needs of capital regulation of peoples credit fund members, maintaining debt ratio loans to customers is not peoples credit funds in accordance member of the State Bank.

In addition, the Cooperative Bank of Vietnam issued certificates of deposit, promissory notes, bills, bonds and other valuable papers to mobilize domestic and foreign capital as prescribed by the State Bank; borrowing in the domestic money market and borrow money from financial institutions, credit institutions, other organizations and individuals, in accordance with international law; Trusts and trustees in accordance with the Bank State Bank and the provisions of relevant laws; loans the State Bank in the form of refinancing loans and other forms according to regulations implementing the discount, rediscount, holding fixed commercial and other valuable papers; guarantee bank issued credit card in accordance with ...

Revocation of License of Peoples Credit Fund Central