Vinaconex-Viettel finance joint stock company licensed

The governor of the State Bank of Vietnam has decided to grant a licence for the establishment and operations of the Vinaconex-Viettel Finance Joint Stock Company.

Under the license, the company has a charter capital of VND 1 trillion. Its founding shareholders include the Vietnam Construction and Import-Export Joint Corporation (Vinaconex), the Military Telecommunications Corporation (Viettel) and the Vietnam Bank for Investment and Development of Vietnam's Insurance Company.

The Vinaconex-Viettel finance Joint Stock Company is licensed to operate in 50 years in all over Vietnam and is allowed to conduct operations as regulated by Vietnamese regulations including receiving deposits of more than one-year terms, loaning and lending, issuing bills, bonds and other valuable papers to mobilise capital, etc.

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