On December 12, the State Bank of Vietnam (SBV) issued Decision No. 756/QD-TTGSNH1 amending the charter capital content in the Establishment and Operation License of Vietnam-Russia Joint Venture Bank (VRB).

The SBV amended the charter capital content stated in VRB's Establishment and Operation License No. 88/GP-NHNN, dated September 18, 2018, to reflect that VRB’s charter capital is now $170,202,020 (One hundred and seventy million two hundred and two thousand and twenty US dollars).

The Vietnamese side is represented by Joint Stock Commercial Bank for Investment and Development of Vietnam, which contributes $84,250,000 (Eighty-four million two hundred and fifty thousand US dollars), equal to 49.5 per cent of the charter capital. NGS Telecommunication and Equipment Joint Stock Company contributes $1,702,020 (One million seven hundred and two thousand twenty US dollars), equal to 1 per cent. The foreign side, the Russian Federation, is represented by VTB Bank (Public Joint-Stock Company), contributing $84,250,000 (Eighty-four million two hundred and fifty thousand US dollars), also equal to 49.5 per cent of the charter capital.

These changes have been widely announced through the prescribed information disclosure media.