Hung Dong People's Credit Fund announces information
Hung Dong People's Credit Fund hereby announces the following changes in accordance with Decision No. 279/QD-KV8 dated May 21, 2026:
Unit:HUNG DONG PEOPLE'S CREDIT FUND
Head office address: No. 247, Nguyen Truong To Street, Trung Thuan Hamlet, Vinh Hung Ward, Nghe An Province;
Tax identification number: 2900557220
Phone: 0383 854 020; Email:[email protected]
Person responsible for disclosing information: Ms.Pham Thi Hoa- Chairman of the Board of Directors - Legal representative of Hung Dong People's Credit Fund.
Content of published informationHung Dong People's Credit Fund hereby announces the following changes in accordance with Decision No. 279/QD-KV8 dated May 21, 2026:
1.Levelcharter capital: 6,873,450,000 VND (In words:(Six billion, eight hundred seventy-three million, four hundred fifty thousand dong).
2. Activity Content:
a. Raising capital in Vietnamese Dong
- Accepting demand deposits, time deposits, and savings deposits from members, organizations, and other individuals in Vietnamese Dong;
- Borrowing from cooperative banks; borrowing from credit institutions, branches of foreign banks;
b. Lending activities in Vietnamese Dong
- Providing loans to customers who are members;
- Providing loans to members of poor households who are registered as permanent residents within the operating area of the People's Credit Fund, in cases where the poor household is not a member of the People's Credit Fund;
- Lending to members that are legal entities, customers that are legal entities, and individuals who are not members but have deposits at the People's Credit Fund, based on collateral in the form of deposit balances at the People's Credit Fund itself, as stipulated by the State Bank of Vietnam;
- Providing syndicated loans in conjunction with the Cooperative Bank to members of the People's Credit Fund in accordance with the law;
c. Other activities
- Providing money transfer services for members and customers of the People's Credit Fund (excluding opening payment accounts for customers);
- Acting as an agent providing payment services for cooperative banks to members and customers of credit unions:
+ Receive payment account opening applications; perform checks on legality and validity; verify and ensure the accuracy and consistency of documents, information, and data provided by customers; verify customer identification information according to the instructions of the cooperative bank before submitting it to the cooperative bank and instructing customers on how to use their payment account.
+ Receive bank card issuance applications; check their legality and validity; verify and ensure the accuracy and consistency of documents, information, and data provided by customers; verify customer identification information according to the cooperative bank's instructions before sending it to the cooperative bank and instructing customers on how to use the bank card.
+ Receiving customer requests for payment services, preparing, signing, or applying electronic confirmation methods, controlling and processing customer payment documents, transferring customer transaction information to the cooperative bank, and disbursing cash to customers to facilitate cash withdrawals from customer-identified debit and prepaid cards issued by the cooperative bank.
- Participate in capital contribution at the cooperative bank;
- Open a payment account at the State Bank of Vietnam, commercial banks, cooperative banks, or branches of foreign banks;
- Deposit money at the Cooperative Bank to regulate capital.
3. Area of operation:
Within the administrative boundaries of 23 blocks of Vinh Hung Ward, Nghe An Province, specifically as follows: Mai Loc Block, Yen Vinh Block, Trung Thuan Block, Trung My Block, Trung Thanh Block, Yen Binh Block, Long Hoa Block, Vinh Xuan Block, My Hau Block, Trung Tien Block, Yen Xa Block, Yen Khang Block, Block 1, Block 2, Block 3, Block 4, Block 5, Block 6, Block 7, Block 8, Block 9, Block 10, Block 11.
4. Time of change:From May 21, 2026.
We hereby declare that the information published above is true and accurate, and we assume full legal responsibility for the content of the information we have published.
LEGAL REPRESENTATIVE
OWNERCHAIRMAN OF THE BOARD OF DIRECTORS
Pham Thi Hoa