The State Bank of Vietnam (SBV) issued Decision No. 2205/QĐ-NHNN on October 23, 2017 to revise License of Orient Joint-Stock Commercial Bank (OCB)
Accordingly, the SBV Governor approved the additional operation of “trading and providing forex services in the domestic and international market within the scope stipulated by the SBV” to Point 8 of License No. 0061/NH-GP dated April 13, 1996.
OCB is responsible for providing the mentioned-above services in compliance with applicable laws; implementing procedures in line with Item 3 of Article 18 of Circular No. 40/2011/TT-NHNN dated December 15, 2011 on granting license to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign credit institutions with banking operations in Vietnam (as revised by Circular No. 08/2015/TT-NHNN dated June 30, 2015).
This Decision took effect from the date of signing and is an integral part of No. 0061/NH-GP dated April 13, 1996.
All substances related to basic forex activities in Item 2.8 of Article 2 of Decision No. 89/QĐ-NH5 dated April 13, 1996 on granting License to VIB; Decision No. 195/QĐ-NH7 dated July 23, 1996 on permitting the OCB to trade foreign currencies; Certificate No. 7849/NHNN-CNH dated October 6, 2009 on confirming the registration of forex service provision; Certificate No. 7848/NHNN-CNH dated October 6, 2009 on being eligible for providing forex services; and other basic forex activities as stipulated in other SBV’s documents granted to OCB before the date of signing this Decision ceased to be effective from the date of signing this Decision.