The State Bank of Vietnam (SBV) issued Document No. 5481/QĐ-NHNN on July 21 on renaming branches of Mekong Development Joint- Stock Commercial Bank (MDB) following a merger between MDB and Vietnam Maritime Joint-Stock Commercial Bank (MSB).
Accordingly, the SBV Governor approved the rename of 17 branches of MDB to be taken over by MSB. The approval will be effective from August 12, 2015.
MSB is responsible for registering with the authorities and publicizing new substances in accordance with law, and reporting the implementation to the SBV.
Moreover, the MSB is responsible for reporting the SBV these changes within five working days from the date of operating its network under new name.
DH