Accordingly, the SBV Governor approved the revision of the License No. 250/GP-NHNN dated October 11, 2010 of Mirae Asset Vietnam with the revised brand-name, address, charter capital and operational duration as follows:
Brand-name: Mirae Asset Finance Company (Việt Nam) Limited
Headquarters: Floor 1st, Saigon Royal, No.91 Pasteur street, Ben Nghe ward, District 1, Ho Chi Minh city.
Charter capital: VND 700 billion wholly-owned by Mirae Asset Korea.
Operational duration: 50 years from November 11, 2010.
Mirae Asset Vietnam is allowed to implement activities of a consumer credit finance company in line with the laws and SBV’s regulations, including: (i) Issuing deposit certification, bills of exchange, securities and bonds to mobilize capital from organizations; borrowing from credit institutions, domestic and international financial institutions in accordance with laws; (ii) granting credit under the following forms: lending, including installment loans, consumer loans; issuing credit card; (iii) Other activities: providing services of insurance agent; providing consulting services in the fields of banking, finance and investment; Receiving entrusted capital from the Government, institutions, individuals to grant credit in accordance with SBV’s regulations.
Mirae Asset Vietnam is responsible for complying with laws of Vietnam.
The license takes effect from the date of signing and replaces the Decision No.250/GP-NHNN dated October 11, 2010 enclosed with approval documents relating to the revision and amendment of the Licence./.
Source: sbv.gov.vn