The State Bank of Vietnam (SBV) has issued Decision No. 1417/QD-NHNN extending the operation duration of Sumitomo Mitsui Banking Corporation – Ho Chi Minh City Branch.
Specifically, the SBV Governor has approved the extension of the operation duration and the amendment of the content stipulated in Article 2 of License No. 1855/GP-NHNN dated December 20th, 2005 granted to Sumitomo Mitsui Banking Corporation – Ho Chi Minh City Branch, to read as follows: "The Branch's operation duration is 99 years from the date of signing this Decision".
Sumitomo Mitsui Banking Corporation – Ho Chi Minh City Branch is responsible for implementing the procedures stipulated in Paragraph 3 Article 18b of Circular No. 40/2011/TT-NHNN dated December 15th, 2011 issued by the SBV Governor regulating the licensing, organizations and operations of commercial banks, foreign bank branches, representative offices of foreign credit institutions and other foreign organizations with banking operations in Vietnam (as amended and supplemented by Circular No. 17/2017/TT-NHNN) with regard to the above-mentioned amendment.
This Decision took effect from the date of signing and is an integral part of License No. 1855/GP-NHNN dated December 20th, 2005 issued by SBV Governor to Sumitomo Mitsui Banking Corporation – Ho Chi Minh City Branch.
VA