DECISION OF THE GOVERNMENT PUTTING IN OPERATION THE TESTING PROJECT
OF PEOPLE'S CREDIT FUNDS ( PCFs ) No : 390/TTg

(Promulgated on July 27, 1993, by the Office of the Prime Minister
of the Socialist Republic of Vietnam)

 

 

SUBJECT: BANKING AND FNANCE

ISSUING-DEPT: STATE STATISTICAL BUREAU

ISSUE-DATE: 07/23/93

IMPLEMENT-DATE: 07/27/93

LENGTH: 275 words

TEXT:

The Prime Minister

In accordance with the Government Organization Law dated September 30,1992.

In accordance with the Decree-Law on Banks, credit Cooperatives and finance Companies dated May 20,1990.

With a view to meeting the requirements of socio-economic development in agricultural and rural areas.

Decides

Article 1 :

Allow the operation of the experimental project constituting people's credit funds as planned in Alternative No.1 (Alternative No.1 is attached herewith).

Article 2 :

Delegate the Governor of the State Bank :

To promulgate the Regulation on Organization and Operation of people's Credit funds, Regulation on Operation of Regional Credit funds and regulations concerning the operation of people's credit funds.

To submit to the Prime Minister the project for the creation of the Central People's Credit fund.

Article 3 :

The chairman of the Central Directive Committee, ministers, heads of institutions, at ministry level, chairmen of People's Committee in provinces or cities which is under direct administration of the Government shall be liable to implement this decision.

Article 4 :

This decision shall become effective from the date of its signing.

for the Prime Minister Vice Prime Minister

PHAN VAN KHAI (Signed)