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

No: 176/QD-NH5         Hanoi, August 26th, 1994

DECISION Of THE GOVERNOR Of STATE BANK

Governor of State Bank

- Pursuant to the Ordinance on State-Bank, Ordinance on bank, credit cooperatives and finance companies issued dated 24, may, 1990 by the Order No 37 LCT/HDNN 8 and Order No 38 LCT/HDNN8 of the President of the State Council.

- Pursuant to the Decree No.15/CP dated March 2nd, 1993 of the Government on tasks, powers and responsibilities of Ministries, offices as the same level of Ministry.

- Pursuant to the Decree No 189/HDBT dated 15, June, 1991 of the Council of Ministers on the promulgation of the regulation on foreign bank branches and joint-venture banks operating in Vietnam.

- On the proposal of the Director of the financial in situations department.

DECIDES

Article 1:

Addition to point 2.d of Decision No 200 QD-NH5 dated 23, September, 1992 of the Governor of State Bank of Vietnam on using allocated capital, chartered capital of foreign bank branch, joint-venture bank operating in Vietnam as follows:

foreign bank branch, joint-venture bank operating in Vietnam is allowed to dismiss capital (15%) depositing at State Bank when the outstanding loan, outstanding investment in Vietnam having a minimum level as the same as 100% capital allocated capital, ch artered capital.

Article 2:

This Decision shall come into force from 01 September, 1994; The Director of the Governor's office; Director of the financial institutions department, chief of the supervision department of State bank, Director of the foreign exchange department Director of transactions department of State bank and chiefs of relevant units of the State Bank, General Directors of foreign Bank branch, joint-venture bank operating in Vietnam are responsible for implementation of this decision.

for The State bank

Vice Governor

CHU VAN NGUYEN