On February 22, 2018, the State Bank of Vietnam (SBV) issued Document No. 1105 and 1106/NHNN-TTGSNH approving the Saigon – Hanoi Commercial Joint Stock Bank (SHB) to establish 05 branches and 20 transaction offices.
Specifically, SHB is allowed to establish the following branches: Son La branch at No. 11, 26/8 Cach Mang Thang Tam, Chieng Le ward, Son La city, Son La province; Hai Duong branch at Nguyen Luong Bang street, Thanh Binh ward, Hai Duong city, Hai Duong province; Nam Dinh branch at No. 79 Nguyen Du street, Nguyen Du ward, Nam Dinh city, Nam Dinh province; Binh Thuan branch at Lot A29, Vo Van Kiet street, Phu Thuy ward, Phan Thiet city, Binh Thuan province; and Vinh Long branch at 3F-3G Hung Dao Vuong street, Ward 1, Vinh Long city, Vinh Long province.
SBV Governor also approved SHB to establish 20 transaction offices as follows: Thuan Thanh Transaction Office and Dong Ky Transaction Office (under Bac Ninh Branch); Bu Dang Transaction Office and Chon Thanh Transaction Office (directly under Binh Phuoc Branch); Transaction Office Ward 2 (directly under Ca Mau Branch); Sa Dec Transaction Office and Hong Ngu Transaction Office (directly under Dong Thap Branch); Dak Doa Transaction Office (under Gia Lai Branch); Cam Duong Transaction Office (directly under Lao Cai Branch); Long Phu Transaction Office (under Soc Trang Branch); Le Hong Phong Transaction Office and Tien Hai Transaction Office (directly under Thai Binh Branch); Pho Yen Transaction Office and Luong Ngoc Quyen Education Department (directly under Thai Nguyen Branch); Quang Trung Transaction Office (directly under Thanh Hoa Branch); Go Cong Transaction Office and Cai Be Transaction Office (under Tien Giang Branch); Phan Thiet Transaction Office (belonging to Tuyen Quang Branch); Tam Diep Transaction Office (directly under Ninh Binh Branch); Phu Bai Transaction Office (under Hue Branch).
SBV requires Saigon – Hanoi Commercial Joint Stock Bank (SHB) to be responsible for implementing necessary procedures to inaugurate, register and publicize newly established transaction office in line with Circular No. 21/2013/TT-NHNN dated September 9th, 2013 on operational network of commercial banks and the other applicable legal texts.
The Document will cease to be effective if the SHB does not inaugurate the above – mentioned transaction office within 12 months from the date of signing.
VA