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THE STATE BANK
Number: 646/2002/QĐ-NHNN
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
Ha Noi ,day 21 month 06 year 2002
DECISION No

DECISION No. 646/2002/QD-NHNN of June 21, 2002 amending Article 14 of the Special Control Regulation applicable to Vietnamese joint-stock credit institutions, issued together with Decision No. 215/1998/QD-NHNN5 of June 23, 1998

To amend Article 14 of the Special Control Regulation applicable to Vietnamese joint-stock credit institutions as follows:

The maximum time limit for special control shall be 2 years as from the date the decision to place the joint-stock credit institution in the state of special control takes effect. The State Bank Governor shall decide on the specific time limit for special control of each joint-stock credit institution.

In case of necessity, the State Bank Governor shall consider and decide on the extension of special control time limit. Each extension shall not exceed the time limit for which the joint-stock credit institution is placed in the state of special control.- (Summary)

 

The State Bank

Phó Thống đốc

(Signed)

 

Tran Minh Tuan