The State Bank of Vietnam (SBV) issued Documents No. 6068/NHNN-TTGSNH on August 12 to permit the Sai Gon Joint-Stock Commercial Bank (SCB) to change its 57 savings funds into 57 transaction offices.
SCB is responsible for implementing procedures to inaugurate, register and publicize established transaction offices in line with Circular No. 21/2013/TT-NHNN dated September 9, 2013 on operational network of commercial banks and the other applicable legal texts, Document No. 3170/NHNN-TTGSNH dated May 8, 2015 and other relevant regulations.
The Document will cease to be effective if the SCB does not inaugurate the above – mentioned transaction offices within 12 months from the date of signing.
LH