On October 25, 2019, the State Bank of Vietnam (SBV) issued Document No. 8325/NHNN-TTGSNH permitting Tien Phong Commercial Joint Stock Bank (TPBank) to establish three branches and six transaction offices.
Accordingly, TPBank is allowed to establish 03 new branches: TPBank Cau Giay, TPBank Tay Ho, TPBank Vung Tau. At the same time, the SBV Governor has also permitted TPBank to establish 06 more transaction offices: District 9 Transaction Office (Hochiminh City), Binh Tan Transaction Office (Hochiminh City), Phu Quoc Transaction Office (Kien Giang), Lam Son Transaction Office (Thanh Hoa), Thap Ba Transaction Office (Khanh Hoa) and Buon Ma Thuot Transaction Office (Dak Lak).
In the Document, the SBV also requires TPBank to take responsibility for implementing the procedures to inaugurate, register and publicize the newly established transaction offices and branches in line with Article 1 of Circular No.21/2013/TT-NHNN dated September 9, 2013 on the operational networks of the commercial banks and the other applicable legal texts.
The Document will cease to be valid if TPBank does not inaugurate the above-mentioned branches and transaction offices within 12 months from the date of its signing.
VA