On December 22, 2020, the State Bank of Vietnam (SBV) issued Document No. 9286/NHNN-TTGSNH allowing the United Overseas Bank (Vietnam) Limited (UOB Vietnam) to establish one (1) new branch.
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Specifically, the SBV has approved of the establishment of one (1) new branch in Ho Chi Minh City by UOB Vietnam with its full name in Vietnamese being: Ngân hàng TNHH MTV United Overseas Bank (Việt Nam) - Chi nhánh Central Plaza (Lê Duẩn). English name: United Overseas Bank (Vietnam) Limited – Central Plaza (Le Duan) Branch. This Branch is located at: Basement Floor, Ground Floor and Mezzanine Floor - Central Plaza Building, No. 17 Le Duan street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam.
In the same Document, it is clearly required that UOB Vietnam take responsibility for implementing the necessary procedures to inaugurate, register and publicize the abovementioned newly established branch in line with Circular No. 21/2013/TT-NHNN dated September 9th, 2013 of the SBV Governor on the operational networks of commercial banks and other applicable legal regulations.
The Document will cease to be valid in case UOB Vietnam does not inaugurate the abovementioned branch within 12 months from the date of its signing.
VA