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HSBC Bank (Vietnam) Limited allowed to provide additional operation
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On August 2, 2018 the State Bank of Vietnam (SBV) issued Decision No.1554/QD-NHNN revising the License of HSBC Bank (Vietnam) Limited.

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Accordingly, the SBV Governor approved to supplement an additional operation of “securities depository” to Point d, Paragraph 1, Article 6 of License No.235/GP-NHNN dated September 8, 2008 for HSBC Bank (Vietnam) Limited.

HSBC Bank (Vietnam) Limited is responsible for conducting the above operation in compliance with the applicable laws; implementing the procedures in line with Paragraph 3, Article 18b of Circular No.40/2011/TT-NHNN dated December 15, 2011 on granting licenses to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign institutions with banking operations in Vietnam (as revised by Circular No.17/2017/TT-NHNN dated November 20, 2017).

This Decision took effect from the date of signing and is an integral part of License No.235/GP-NHNN dated September 8, 2008 for HSBC Bank (Vietnam) Limited.

Le Hang

 

 

 

 

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