List of conditional business lines - the Ministry of Bank
No. Name of conditional businesses Form of business condition Current legal regulation Authority
1
Establishment and operation of joint stock commercial bank
License
- Clause 9 Article 4 the Law on State Bank No. 46/2010/QH12; - Article 18, 20 and 21 of the Law on Credit Institutions No.47/2010/QH12; - Article 9, 13, 14, 15 Section 2 Chapter II Circular No.40/2011/TT-NHNN.
the State Bank of Vietnam
2
Establishment and operation of joint venture bank, 100% foreign-owned bank in Vietnam
License
- Clause 9 Article 4 the Law on State Bank No. 46/2010/QH12; - Article 18, 20 and 21 of the Law on Credit Institutions 47/2010/QH12; - Article 10, 16 Section 2 Chapter II Circular No.40/2011/TT-NHNN.
the State Bank of Vietnam
3
Establishment of branch of foreign bank in Vietnam
License
- Clause 9 Article 4 the Law on State Bank No. 46/2010/QH12; - Article 18, 20 and 21 of the Law on Credit Institutions No.47/2010/QH12; - Article 11, 17 Section 2 Chapter II Circular 40/2011/TT-NHNN
the State Bank of Vietnam
4
Establishment of representative office of the foreign credit institutions and other foreign organizations having banking activities
License
-Clause 9 Article 4 the Law on State Bank No. 46/2010/QH12; - Article 18, 20 and 21 of the Law on Credit Institutions No.47/2010/QH12; - Article 12, 18 Section 2 Chapter II Circular No.40/2011/TT-NHNN
the State Bank of Vietnam
5
Establishment and operation of non-banking credit institutions; co-operative bank; people’s credit funds and micro-financial institution
License
Article 20 and 21 of the Law on Credit Institutions No.47/2010/QH12
the State Bank of Vietnam
6
Establishment or acquisition of a subsidiary company or affiliated company of a commercial bank in the areas of securities, insurance, finance leasing, management of security assets, overseas currency exchange, consumer credit, payment intermediate services, credit information
The State Bank of Vietnam approves in writing
Article 103 of the Law on Credit Institutions No.47/2010/QH12
the State Bank of Vietnam
7
Operation of ceding funding by commercial banks in other forms (except for the forms set forth in item a,b,c, d, dd clause 3 Article 98 of the Law on Credit Institutions)
The State Bank of Vietnam approves in writing
Item e clause 3 Article 98 of the Law on Credit Institutions No.47/2010/QH12
the State Bank of Vietnam
8
Trading and provision of derivative products of the commercial banks
The State Bank of Vietnam approves in writing
Article 105 of the Law on Credit Institutions No.47/2010/QH12
the State Bank of Vietnam
9
Provision of international payment services and other payment services by the commercial bank
The State Bank of Vietnam approves in writing
Clause 6 Article 98 of the Law on Credit Institutions No.47/2010/QH12
the State Bank of Vietnam
10
Securities depository services and other business activities related to banking activities of the commercial banks
The State Bank of Vietnam approves in writing
Clause 5 Article 107 of the Law on Credit Institutions No.47/201Q/QH12
the State Bank of Vietnam
11
Establishment or acquisition of a subsidiary company or affiliated company of a commercial bank in the areas of insurance, securities, management of security assets
The State Bank of Vietnam approves in writing
Article 110 of the Law on Credit Institutions No.47/2010/QH12
the State Bank of Vietnam
12
Operation of ceding funding by commercial banks in other forms (except for the forms set forth in clause 1,2,3,4,5,6 Article 112 of the Law on Credit Institutions)
The State Bank of Vietnam approves in writing
Clause 7 Article 112 of the Law on Credit Institutions No.47/2010/QH12
the State Bank of Vietnam
13
Issuance of credit cards, factoring, finance leasing and other forms of extension of credit of the financial companies
The State Bank of Vietnam approves in writing
Article 108 of the Law on Credit Institutions No.47/2010/QH12
the State Bank of Vietnam
14
Provision of payment intermediate services
License for provision of payment intermediate services
- Clause 9 Article 4 of the Law on State Bank No. 46/2010/QH12; - Article 15 and Article 16 Decree No. 101/2012/ND-CP
the State Bank of Vietnam
15
Provision of credit information services
Certificate of satisfaction of conditions for credit information services
- Clause 9 Article 4 the Law on State Bank; - Article 7, 8 Decree No. 10/2010/ND-CP; - Article 4 Circular No.16/2010/TT-NHNN
the State Bank of Vietnam
16
Payment agent of foreign currency for the authorized credit institutions
Registration certificate of payment agent of foreign currency
- Article 36 of the Ordinance on Foreign Exchange; - Section II Circular No.02/2000/TT-NHNN7; - Article 4 Circular No.25/2011/TT-NHNN
Branches of the State Bank of Vietnam in provinces and cities
17
Services for receipt and payment of foreign currency
License for operation of services for receipt and payment of foreign currency
- Section II Circular No.02/2000/TT-NHNN7; - Article 12 of Circular No.25/2011/TT-NHNN
Branches of the State Bank of Vietnam in provinces and cities
18
Agent for foreign currency exchange
Registration certificate of foreign currency exchange
- Ordinance on Foreign Exchange No.28/2005/PL-UBTVQH11; - Article 43 Decree No. 160/2006/ND-CP; - Decision No.21/2008/QD-NHNN; - Article 7 Circular No.25/2011/TT-NHNN
Branches of the State Bank of Vietnam in provinces and cities
19
Trading and supply of foreign exchange services
The State Bank of Vietnam approves in writing
- Article 105 of the Law on Credit Institutions; - Ordinance on Foreign Exchange No.28/2005/PL-UBTVQH11; - Article 41 of Decree No. 160/2006/ND-CP; - Section 1 Chapter I Circular No.03/2008/TT-NHNN; - Article 3 of Circular No.25/2011/TT-NHNN
the State Bank of Vietnam
20
Private foreign currency exchange table at the boundary
License for private foreign currency exchange
- Article 7 of Decision No.140/2000/QD-TTg; - Section 6 Circular No.07/2001/TT-NHNN
Branches of the State Bank of Vietnam in provinces and cities
21
Trading and sale, purchase of gold piece
License for trading and sale, purchase of gold piece
- Article 4, 7 and 11 Decree No. 24/2012/ND-CP; - Article 9 Circular No.16/2012/TT-NHNN
the State Bank of Vietnam
22
Manufacture of jewelry gold
Certificate of satisfaction of conditions for manufacture of manufacture of jewelry gold
- Article 4, 5, 16 Decree No. 24/2012/ND-CP; - Article 8 and 16 Circular No.16/2012/TT -NHNN
Branches of the State Bank of Vietnam in provinces and cities
23
Import of raw material gold (for the enterprises operating in manufacture of jewelry gold)
License for import of raw material gold for manufacture of jewelry gold)
Article 14, Decree No. 24/2012/ND-CP; - Article 10 and Article 17, Circular No.16/2012/TT-NHNN
Branches of the State Bank of Vietnam in provinces and cities
24
Temporary import of raw material gold for manufacture (for the enterprises having entered into processing contract with foreign partners)
License for import of raw material gold for re-export of products
- Article 14, Decree No. 24/2012/ND-CP; - Article 11, 16 Circular No.16/2012/TT-NHNN
Branches of the State Bank of Vietnam in provinces and cities
25
Import of raw material gold (for the foreign-owned enterprises for manufacture of jewelry gold)
License for import of raw material gold
- Article 14, Decree No.24/2012/ND-CP; - Article 12 and Article 15, Circular No.16/2012/TT -NHNN
the State Bank of Vietnam
26
Import of raw material gold (for the foreign-owned enterprises in gold exploitation area)
License for import of raw material gold
- Article 14, Decree No.24/2012/ND-CP; - Article 13 and Article 15, Circular No.16/2012/TT-NHNN
the State Bank of Vietnam
27
Import of raw material gold (for the enterprises having license for gold exploitation)
License for import of raw material gold
- Article 14, Decree No.24/2012/ND-CP; - Article 14 and Article 15, Circular /2012/TT-NHNN
the State Bank of Vietnam
28
Collection, payment of foreign currency and other foreign currency activities from the business in prize-wining electronic games
License for collection, payment of foreign currency and other foreign currency activities
Article 32 clause 6 Decree No.86/2013/ND-CP
the State Bank of Vietnam
29
Import of goods under the specialized management of the State Bank of Vietnam (vault doors, money destroy machine)
License for import of goods under the management of the State Bank of Vietnam
- Decree No. 187/2013/ND-CP; Clause 1 Article 4 and Clause 1 Article 7 Decree No. 12/2006/ND-CP; - Circular No.04/2006/TT-NHNN
the State Bank of Vietnam