On December 28, 2021, the State Bank of Vietnam (SBV) issued Document No. 9231/NHNN-TTGSNH allowing Tinh Thuong Microfinance Institution (TYM) to establish a new branch.
Accordingly, the SBV has approved of the TYM's request to establish one (01) additionally branch, specifically as follows:
Name: Fullname in English: Tinh Thuong Microfinance Institution – Thai Binh Provincial Branch; Abbreviated name in English: TYM – Thai Binh Branch.
Address: Zone 6, Diem Dien Town, Thai Thuy District, Thai Binh Province.
The TYM is requested to take responsibilities for implementing the necessary procedures to inaugurate the newly established branch in line with Paragraph 8 of Article 15 and Article 17 of Circular No. 19/2019/TT-NHNN dated November 5, 2019 issued by the SBV Governor on the operational networks of microfinance institutions (Circular No. 19); publicize the information about the newly established branch in line with Article 18 of Circular No. 19.
The Document will cease to be valid if the TYM does not inaugurate the above-mentioned branch within 12 months from the date of its signing.
LK