On September 11, 2019, the Governor of the State Bank of Vietnam (SBV) issued License No. 88/GP-NHNN permitting Far Eastern International Bank Ltd. to establish a representative office in Ho Chi Minh City (HCMC).
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Accordingly, the operational duration of the newly established representative officie of Far Eastern International Bank Ltd. is five (5) years from the date of signing of this License. At the same time, the representative office is permitted to conduct the following operations: functioning as a liaison office; conducting market researches; preparing plans for the investment projects of Far Eastern International Bank Ltd. in Vietnam; promoting and monitoring the implementation of contracts and agreements signed between Far Eastern International Bank Ltd. and Vietnamese credit institutions and/or enterprises, and projects financed by Far Eastern International Bank Ltd.; other operations in conformity with Vietnamese laws.
During its operations, Far Eastern International Bank Ltd. HCMC Representative Office is required to comply with Vietnam’s applicable laws.
Le Hang