The State Bank of Vietnam (SBV) issued Documents on January 5, 2015 to allow Joint- Stock Commercial Bank for Investment and Development of Vietnam (BIDV) to establish 09 additional branches and 11 additional transaction offices.
The SBV requires BIDV to be responsible for implementing procedures for inaugurating, registering and publicizing newly established branches and transaction offices in line with Circular No. 21/2013/TT-NHNN dated September 9, 2013 on operational network of commercial banks and applicable laws. The Documents will cease to be effective if the BIDV does not inaugurate the above – mentioned branches and transaction offices within 12 months from the date of signing.
Le Hang