The Governor of the State Bank of Vietnam (SBV) issued Decision No. 2126/QD-NHNN dated October 10, 2017 on revising the License of the Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank).
Accordingly, the SBV Governor approved the addition to Item 6, Article 1 of Decision No.2399/QD-NHNN dated December 15, 2006 for VietBank as follow:
“Conducting trustor and trustee services, agents in the fields related to banking activities, insurance business in line with the laws and SBV’s guidance;
Conducting currency brokerage services;
Consulting on enterprise finance, mergers and acquisitions (M&A) and investment;
Lending, depositing, receiving capital from credit institutions, foreign bank branches, domestic and foreign credit institutions in accordance with law and the SBV’s guidance”.
VietBank is responsible for implementing above-mentioned activities in accordance with laws and relevant regulations; Accomplishing procedures as stipulated in Item 3, Article 18 of Circular No.40/2011/TT-NHNN dated December 15th, 2011 of the SBV Governor on granting license and organization, performance of commercial banks, branches of foreign banks, representative offices of foreign credit institutions and other foreign institutions with banking operations in Vietnam (as revised by Circular No 08/2015/TT-NHNN dated June 30, 2015).
Decision No. 2126/QD-NHNN takes effect from the date of signing and is an integral part of License No. 2399/QD-NHNN dated December 15, 2006 for VietBank.
Nguyen Giang