On August 23rd, 2018, the State Bank of Vietnam issued Decision No.1670/QD-NHNN approving the revision in the Operation License of the Southeast Asia Commercial Joint Stock Bank (SeABank).
Accordingly, the SBV Governor approved the amendment to Point 8 of Operation License No.0051/NH-GP dated March 25th, 1994 issued for SeABank to be read as: “To invest in the government bond futures under the provisions of law and the instructions of the State Bank of Vietnam.”
SeABank is responsible for implementing the procedures in line with Paragraph 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15th, 2011 on granting licenses to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign institutions with banking operations in Vietnam (as amended and supplemented by Circular No.17/2017/TT-NHNN dated November 20th, 2017).
This Decision takes effect from the date of signing and is an integral part of Operation License No.0051/NH-GP dated March 25th, 1994 issued for SeABank.
VA