Chapter 3.
ORGANIZATION OF IMPLMENTATION
Article 15. Responsibilities of the State management agencies
1. The State bank of Vietnam shall:
a) Guide implementation and inspect, examine, supervise implementation of this Decree;
b) Supply information related to the share purchase and sale of foreign investors within its management to the Ministry of Finance for coordinative management as prescribed in this Decree.
2. The Ministry of Finance shall:
a) Manage and guide the foreign investors’ purchase of shares of joint-stock credit institutions which have listed shares ensuring compliance with the shareholding percentage as prescribed in this Decree and legislations on securities and securities market;
b) Supply information related to the share purchase and sale of foreign investors within its management to the State bank of Vietnam for coordinative management as prescribed in this Decree.
Article 16. Responsibilities of Vietnamese credit institutions
1. Organize the share sale in accordance with this Decree and relevant law.
2. Announce information as prescribed by law.
3. Report fully and timely to competent agencies about information involving the foreign investors’ share purchase.
Article 17. Handling of violation
All violations of provisions in this Decree shall be handled as prescribed in Decree on sanctioning commit violations in monetary and banking operation.
Article 18. Effect
This Decree takes effect on February 20, 2014 and replaces Government’s Decree No. 69/2007/ND-CP dated April 20, 2004, on foreign investors' purchase of shares of Vietnamese commercial banks.
Article 19. Implementation provisions
The Ministers, Heads of ministerial-level agencies, Heads of Governmental agencies, chairmen of People’s Committees of provinces and central-affiliated cities; presidents of Managing Boards, presidents of Members' Councils and General Directors (Directors) of Vietnamese credit institutions; foreign investors and relevant organizations and individuals shall implement this Decree.
Tìm kiếm
Nghị định 01/2014/NĐ-CP (Bản Word)
Nghị định 01/2014/NĐ-CP (Bản Pdf)