The Governor of the State Bank of Vietnam (SBV) issued Document No. 1216/NHNN-QLNH on March 04, to permit the Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) and Viet Capital Commercial Joint Stock Bank (Viet Capital Bank) to provide payment services for domestic supply contracts of crude oil of Petro Vietnam Oil Corporation (PV Oil) with payment substances and ratios as instructed in Document No 8477/NHNN-QLNH dated November 4, 2010 of the SBV.
VMH