The State Bank of Vietnam (SBV) issued Document No. 6308/NHNN-TTGSNH on August 9 to permit the Orient Joint- Stock Commercial Bank (OCB) to establish transaction offices in the provinces of Khanh Hoa, Nghe An, Soc Trang, Ba Ria-Vung Tau and Vinh Long.
The SBV requires OCB to be responsible for implementing procedures to inaugurate, register and publicize newly established transaction offices in line with Circular No. 21/2013/TT-NHNN dated September 9, 2013 on operational network of commercial banks and the other applicable legal texts. The Document will cease to be effective if the OCB does not inaugurate the above – mentioned transaction offices within 12 months from the date of signing.
Le Hang