Accordingly, VDB charter capital will be raised such that its equity makes up approximately 10% of State investment and export credits’ outstanding.
The charter capital will be expected up to VND20 trillion by 2015 and to VND30 trillion by 2020 as notified in the development strategy approved by the Prime Minister according to Decision No.369/QĐ-TTg dated 28th February 2013.
The fund raising can come from three sources including VDB’s accumulated funds reserved specifically for this purpose; Fund of restructuring and developing enterprises, business arrangement and development support; the rest would come from State budget (for the entry of development) as defined by Ministry of Planning and Investment and approved by the relevant authority.
VDB’s capital increasing will be done according to the roadmap from 2013 to 2020.
Every year, based on the financial statements of VDB, Ministry of Finance will determine the need to increase VDB’s charter capital as well as repartition of each funding sources specified for this purpose, namely accumulating fund in VDB for capital raising, fund for restructuring and developing enterprises, and funds from State budget (entry of development) according the calculation of MPI and approved by the relevant authorities/.
Source: VDB