The State Bank of Vietnam (SBV) issued Decision No.2234/QĐ-NHNN on October 25, 2017 to revise the License of TechcomBank Finance Company Limited (TechcomFinance).
Accordingly, the SBV Governor approved the addition of operation of “trading and providing forex services in the domestic and international market in line with the scope of operations stipulated by the SBV" to Point 7.4 Item 7, Article 1 of License No. 340/GP-NHNN dated December 29, 2008 for the Vietnam Chemical Finance Joint Stock Company (currently known as TechcomFinance).
TechcomFinance is responsible for implementing above-mentioned activities in accordance with laws on foreign currencies 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.2234/QĐ-NHNN takes effect from the date of signing and is an integral part of License No. 340/GP-NHNN dated December 29, 2008 for TechcomFinance.
Certification on confirming registration of providing foreign exchange services No.2557/NHNN-TTGSNH dated April 6, 2010 for Vietnam Chemical Finance Joint Stock Company (currently known as TechcomFinance; and Point 7.12, Item 7, Article 1, Decision No.1109/QĐ-NHNN dated June 3, 2015 on revising and supplementing several contents of License of establishment and operation of Vietnam Chemical Finance Joint Stock Company cease to be effective from the date of signing this Decision.
Nguyen Giang