A joint venture bank is a commercial bank, established in Vietnam; by a capital contribution of the Vietnamese Party (including one or more Vietnamese banks) and the Foreign Party (including one or more foreign banks); based on a joint venture contract; is a Vietnamese legal entity with its head office in Vietnam. A joint venture bank, established or organized in the form of a limited liability company with two or more members but not more than 05 members, in which a member and a related person may not own more than 50% of the charter capital.