Business

SBV issues circular on establishment of non-banking financial firms

Foreign credit institutions intending to contribute to establishing non-banking financial companies will be required to own minimum 10 billion USD of assets at the end of the previous year.
SBV issues circular on establishment of non-banking financial firms ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – Foreign credit institutions intending to contribute to establishing non-banking financial companies will be required to own minimum 10 billion USD of assets at the end of the previous year as from February 8.

Under Circular 30/2015/TT-NHNN recently issued by the State Bank of Vietnam, these institutions also have to operate profitably in three consecutive financial years prior to the year they file for licensing.

Meanwhile, in order to eligible to become a founding member of join stock non-banking financial establishments, domestic enterprises must possess at least 500 billion VND (22 million USD) worth of ownership capital and one trillion VND (44 million USD) worth of assets in three consecutive financial years alongside meeting other requirements related to safe operation rates and financial violations.

For limited liability non-banking financial establishments, domestic enterprises are required to have one trillion VND (44 million USD) in ownership capital and assets valued at at least two trillion VND in three consecutive financial years.

Commercial banks must have at least 100 trillion VND (4.4 billion USD) in assets in order to become founding members of financial and financial-leasing companies.-VNA

VNA
#foreign credit institutions #non-banking financial companies #assets #ownership capital #commercial banks #domestic enterprises
Follow VietnamPlus

Related News

More central bank policies to help SMEs

More central bank policies to help SMEs

State Bank of Vietnam would further formulate policies to support efficient small- and medium-sized enterprises and those manufacturing and exporting products.
Credit growth this year positive at 18 percent

Credit growth this year positive at 18 percent

Credit this year could reach roughly 18 percent, meeting the capital demands of the economy, Deputy Director of the State Bank of Vietnam's Monetary Policy Department Nguyen Duc Long said.
State Bank adjusts USD exchange rate

State Bank adjusts USD exchange rate

The State Bank of Vietnam (SBV) Operation Centre adjusted the reference exchange rate between the Vietnamese dong (VND) and the USD up by 90 VND on the morning of December 15.

See more

Downtown area in Ho Chi Minh City. (Photo: VNA)

Vietnam's golden gateway: FDI poised for gains in 2026

More than just volume, the quality of FDI entering Vietnam has improved. The nation is evolving from a base for basic assembly and processing into a genuine contributor to hi-tech manufacturing and R&D across global value chains.

Deputy Minister of Finance Do Thanh Trung speaks at the ceremony (Photo: VNA)

Project to advance growth, innovation, leadership for enterprises kicks off

AGILE is not only a testament to the long-standing and trusted strategic partnership between Vietnam and Canada, but also an important contribution to the Vietnamese Government’s efforts to promote innovation and sustainable growth within the private sector, thereby effectively mobilising private investment to realise inclusive and sustainable development goal.

At Regza Vietnam Electronics Co., Ltd. in Dong Nai province. (Photo: VNA)

FDI disbursement in January hits five-year high

Economists said that the continued growth in realised FDI reflects foreign investors’ sustained implementation and expansion of production and business activities in Vietnam. This is seen as an encouraging signal, underscoring investors’ confidence in Vietnam’s business environment and economic prospects.

In Q1 2026, Vietnam records 16 export commodities with turnover exceeding 1 billion USD. (Photo: VNA)

Exports face stiff test in bid to hit 550 billion USD

To achieve export growth of over 15% as directed by the Government, the MoIT said it will prioritise a set of core measures in 2026, including expanding production capacity, developing new export products, increasing domestic content and value added, accelerating the shift from processing to manufacturing, and proactively addressing trade barriers and defence measures.

Illustrative photo (Photo: VNA)

January CPI rises on stronger Tet holiday demand

CPI in January 2026 rose 0.05% month-on-month, with urban areas up 0.02% and rural areas up 0.09%. Of the 11 major commodity and service groups, nine recorded price hikes while two saw declines.

Vietnam is currently Cambodia’s third-largest trading partner worldwide, after China and the US, and its largest trading partner within ASEAN. (Photo: Ministry of Industry and Trade)

Party chief’s Cambodia visit to open up new phase of deeper, closer cooperation

To further unlock the potential of bilateral economic and trade cooperation, Vietnam and Cambodia should continue reviewing and effectively implementing signed agreements, facilitating trade and border connectivity, strengthening trade promotion in complementary sectors, reforming administrative procedures, upgrading border and logistics infrastructure, and enhancing coordination in combating smuggling and trade fraud.

Investors monitor stock market movements at the HoSE trading floor. (Photo: VNA)

VNX, FTSE Russell discuss Vietnam market upgrade

During the working session, the two sides shared updates on the performance of Vietnam’s stock market in 2025, focusing on market capitalisation, index trends, developments in the equities, bond and derivatives segments, and the continued expansion of the investor base.

Vietnamese products continue to gain traction at traditional markets and supermarkets across Ho Chi Minh City (Photo: VNA)

Vietnamese goods dominate Tet market in Ho Chi Minh City

Despite still-muted purchasing power, Vietnamese products continue to gain traction at traditional markets and supermarkets across Ho Chi Minh City, as consumers increasingly prioritise locally made goods, from fresh food and fast-moving consumer items to processed products, for their stable quality, reasonable prices and transparent origins.