The State Bank of Vietnam (SBV) issued Decision No.2284/QĐ-NHNN on October 30 to revise License of Bao Viet Joint-Stock Commercial Bank (BaoVietBank).
Accordingly, the SBV Governor approved the additional operation of “trading and providing forex services in the international and domestic market within the scope as stipulated by the SBV” to Point 2 of Article 3 of License No. 328/GP-NHNN dated December 11, 2008 of the SBV Governor for the BaoVietBank.
BaoVietBank is responsible for providing the mentioned-above services in compliance with applicable laws and other relevant regulations; at the same time, 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 License No. 328/GP-NHNN dated December 11, 2008 of the SBV Governor for the BaoVietBank.
Substances related to forex activities in Points c, d of Item 2 of Article 3 of License No. 328/GP-NHNN dated December 11, 2008 of the SBV Governor for the BaoVietBank; Certificate No. 1686/NHNN-CNH dated March 12, 2009 on being eligible for forex service provision; Certificate No. 3380/NHNN-TTGSNH dated May 24, 2010 on confirming the registration of forex service provision and other substances related to basic forex activities approved in other documents ceased to be effective from the date of signing this Decision.
Le Hang