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STATE BANK          THE SOCIALIST REPUBLIC Of VIETNAM
Of VIETNAM            Independence-freedom-Happiness

No.174/QD-NH5                Hanoi, August 26th, 1994

DECISION Of THE GOVERNOR Of THE STATE BANK ON AMENDMENT, ADDITION TO CONTENTS Of SCOPE Of ACTIVITIES Of fOREIGN BANK BRANCH, JOINT - VENTURE BANK OPERATING IN VIETNAM

GOVERNOR Of STATE BANK

- Pursuant to the Decree No. 15/CP dated 2, march, 1993 of the Government on tasks, powers, and responsibilities for State management of Ministries and Ministerial Agencies.

- Pursuant to the Decree No. 189/HDBT dated 5, June, 1991 of the Council of Ministers on promulgation of the regulation foreign bank branches, joint-venture bank operating in Vietnam.

- On the proposal of the director of the financial institution department.

DECIDES

Article 1:

Addition to the contents of activities stipulated in banking license granting to foreign bank branch, joint-venture bank by State bank as follows:

1.1 foreign bank branch, joint-venture bank operating in Vietnam are allowed to receive Vietnamese currency from Vietnamese and Vietnamese legal entities which not relating credit to bank, the rate shall not be more than 20% of the allocated capital of fo reign bank branch, or chartered capital of the joint-venture bank.

1.2 foreign bank branch, joint-venture bank operating in Vietnam implementing guarantee for entities are foreign economic organizations which take part in bidding investment projects in Vietnam and to lend to these entities implement the successful biddin g project in Vietnam.

Article 2:

This decision shall come into force from 1 September, 1994. The director of the Governor's office, the director of the financial institutions department, chief of the relevant units of State Bank. General director of the foreign bank branches, joint-ventu re banks operating in Vietnam are responsible for implementation of this Decision.

for The State Bank of Vietnam

Deputy Governor

CHU VAN NGUYEN