Governor of the State Bank of Vietnam issued Decisions No. 2339, 2340/NHNN-TTGSNH to allow Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) to establish new transaction offices.
Arcordingly, VCB was allowed by the Governor to open 03 new transaction offices, specificly Transaction office Hoc Mon in the center of Hoc Mon town, Ho Chi Minh city; Transaction office Cu Chi in the center of Cu Chi town, Ho Chi Minh city; and Transaction office Cai Be at No 172 Trung Nu Vuong street, Cai Be town, Tien Giang province.
The SBV requires VCB to apply the procedures of launching, registering, publishing transaction offices in line with regulations of Circular No21/2013/TT-NHNN dated 9th September, 2013 on network of Commercial Banks and relevant regulations.
VCB has to launch new transaction offices within 12 months from the date of signing. After this deadline, the approved documents of the SBV cease to be effective.
VMH