The Banking Supervision Agency of the State Bank of Vietnam (BSA) has issued Document No. 6975/NHNN-TTGSNH approving the request by the Capital Aid for Employment of the Poor Microfinance Institution, Ltd. (CEP) to establish a new branch in Dong Nai province.
Accordingly, CEP is permitted to establish its Trang Bom branch at the proposed address of No.45, 30-4 street, Trang Bom town, Trang Bom district, Dong Nai province (within the premises of the Confederation of Labor of Trang Bom district)
CEP is required to take responsibility for implementing the procedures to inaugurate the newly established branch in line with Item 8 of Article 15, and Article 17 of Circular No. 19/2019/TT-NHNN dated November 5, 2019 on the operational networks of the micro-finance institutions; and publicize information on the establishment of the new branch in accordance with Article 18 of Circular No. 19/2019/TT-NHNN.
The Document will cease to be valid if CEP does not inaugurate the above-mentioned branch within 12 months from the date of its signing.
Le Hang